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According to ChemAnalyst report, “ Global Phenol Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, End Use, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030”, the global Phenol market is expected to grow at a healthy CAGR of 5.5% during the forecast period on account of increase in demand for Phenol derivatives from downstream capacity expansions, particularly Bisphenol A (BPA) and Polycarbonate. More than 50 per cent of total Phenol output globally is consumed for BPA production. BPA demand is driven by strong growth in the polycarbonate market serving multitude of industries such as automobile, electrical and electronics, construction materials, medical devices among many others, globally. Asia Pacific region is likely to see around 15 planned capacity additions in Polycarbonate units by 2023. Additions in BPA capacity is also to happen in the region where China wil...

The coronavirus pandemic has exacerbated an unprecedented shift in the choices of the industrialists after a significant halt in the supply chains across the Northern hemisphere. Battered by the lack of reliability and transparency issues, economies are rerouting their supply chains after China became the origin of the threatening pandemic that the world is trying to get rid of. Although, China has become quite successful in defeating the contagion after struggling for almost three months, analysts assume that the outbreak high lightened the need of the hour for the world to contract their reliance for the essential raw materials and Active Pharmaceutical Intermediates to a specific region and protect it from other vulnerabilities. With its severe impact on global supply chains, the major economies which had been making good money through trade flows, are now only left with containers stranded in the wrong locations as there is an indefinite delay in the overseas shipments. ...

If we look at the current situation of coronavirus crisis, India has been a country of both loss and gains as compared to hardly hit United States, China and Europe. India has been quite successful in preventing the spread of the pandemic from reaching uncontrollable Stage III using social distancing and early lockdown of the states as its weapons. Country has been unitedly coming up with awareness programs and tracking contacts towards quarantining positive suspects and containing the contagious spread of this virus. Moreover, the country has been lending a helping hand to other nations through its advanced medical supplies and drugs (especially hydroxychloroquine). With lesser deaths and flattening infection curve as compared to other countries, the country is hopeful to win over the situation sooner than other major economies and this offers the country a plethora of opportunities amid financial distress. Strong governance and competitive advantage are likely to keep the country...

Oil prices dived on Monday overpowering the gains made after major oil producers agreed for output cuts, pressured by concerns that the cuts will be too little to come out of the oversupply situation as the coronavirus pandemic incurs unprecedented slump in global crude demand. This deal was signed after four days of intense negotiations as the OPEC+ group of oil producers, comprising the OPEC countries, Russia and other countries, agreed to curtail their outputs by 9.7 million(bpd) in May and June. Brent crude futures slipped by 1.7%, at $30.96 a barrel by 08:10 GMT after opening at $33.99, however, US West Texas Intermediate (WTI) crude futures fell by 0.5%, to $22.64 but remained oscillating between positive and negative values throughout the day. Visit more info:  https://www.chemanalyst.com/NewsAndDeals/NewsHome Analyst View on OPEC+ Deal Analysts believe that the deal signed to introduce production cuts is ...