20 June 2012 14:04 [Source: ICIS news]
MADRID (ICIS)--Demand for phenol in India is projected to grow by at least 6.5% annually from 2012 to 2015, driven mainly by the key downstream phenol-formaldehyde resins sector, a senior industry executive said on Wednesday.
Debashish Nandi, vice president of Reliance Industries Ltd, said demand for phenol in ?xml:namespace>
The major demand driver remains the downstream phenol-formaldehyde resins sector, currently accounting for 62% of total phenol consumption in
The phenol-formaldehyde resins sector is growing at a healthy rate of 10% annually in
Phenol-formaldehyde resins are mainly used in plywood and lamination in the housing sector, where urbanisation and increasing household spending are key growth drivers, he said.
The 7th ICIS World Phenol-Acetone Conference runs from 19-20 June.
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