WMStrategy Demo Scandinavian Countries Phenols Market January 2019

1. Demo version the Ammonium Sulphate Market. WILLIAMS&MARSHALL STRATEGY Scandinavian countries: April 2018 GLOBAL MARKET INSIGHTS j Demo version of the report Scandinavian Countries: Phenols Market January 2019 Market research Page 1of 48 www.wm-strategy.com Contact us: info@wm-strategy.com https://www.wm-strategy.com/

2. Demo version Scandinavian Countries: Phenols Market. January 2019 Report overview Report overview This report presents a strategic analysis of the phenols market in the Scandinavian countries and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, growth and demand drivers, etc. This is the most detailed and comprehensive report about the phenols market in the Scandinavian countries currently available! The purpose of the report is to describe the state of the phenols market in the Scandinavian countries, to present actual and retrospective information about the volumes, dynamics, structure and characteristics of production, imports, exports and consumption and to build a forecast for the market in the next five years. In addition, the report presents an elaborate analysis of the main market participants, price fluctuations, growth and demand drivers of the market and all other factors, influencing its development. It also focuses on the overall installed production capacities in each country within the region along with the main producers on the market, the technologies each of them uses and the average utilization rates. This research report has been prepared using the unique WMStrategy’s methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. The report on the phenols market in the Scandinavian countries includes:  Analysis and forecast for the economy of the Scandinavian countries;  Analysis and forecast for development of the market volume (market size), value and dynamics;  Market breakdown (by origin, by country, etc.);  Volume and dynamics of all installed capacities for the production of phenols in the Scandinavian countries and forecast for their development in the medium term;  Breakdown of all installed capacities for the production of phenols in the Scandinavian countries by their owner and operator companies and countries;  Main technologies used for producing phenols in the Scandinavian countries in the main plants of each of the domestic market players;  Average annual utilization rates for the production of phenols in the Scandinavian countries and forecast for their development in the medium term;  Country information - breakdown by country for all major indicators, showing the exact volumes and values for each individual country, covered in the report;  Volume, dynamics and analysis of domestic production (past, current and future); Page 2of 48 info@wm-strategy.com

3. Demo version Scandinavian Countries: Phenols Market. January 2019  Analysis of price levels (wholesale, retail, distributors, etc.) and their dynamics (past, current and future); Volume, dynamics and analysis of imports (past, current and future); Volume, dynamics and analysis of exports (past, current and future); Volume, dynamics and analysis of consumption (past, current and future); Characteristics of the main market participants (manufacturers, distributors, wholesalers, retailers, importers, exporters, Governmental structures, etc.) and the competitive landscape; Profiles of the main companies, producing phenols in the Scandinavian countries along with their overall production capacities; Value chain analysis and structure of price formation; Analysis of the factors, influencing the market development (market growth drivers, restraints, recent state programs, etc.); Analysis and forecast of the trends and levels of supply and demand on the market; Country opportunity analysis; Analysis of the major trade flows; Forecast for market development in the medium term (including three possible scenarios for development).            Brief overview of the used methodology:  Analysis of official statistical information;  Semi structured interviews with market experts;  Semi structured interviews with corporate clients of the market;  Analysis of information, received from the main market participants;  Analysis of secondary information from official sources;  WMStrategy own methodology. The report contains information on the following products:  Phenols, used for the further processing into: o Phenolic Resins; o Adipic Acid; o Caprolactam; o Bisphenol A; o Chlorophenols; o Exp. Cyclohexanol; o Alkylphenol; o Others. Page 3of 48 info@wm-strategy.com

4. Demo version Scandinavian Countries: Phenols Market. January 2019 The report covers the following countries:  The Scandinavian countries: Denmark, Finland, Iceland, Norway, Sweden. The report covers the following companies, along with their installed production capacities:  Borealis. This report will allow you to:  Quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market;  Track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future;  See the exact usage of phenols in the Scandinavian countries by main applications/product groups in the last five years and a forecast for its development in the medium term;  Evaluate the overall installed capacities used for the production of phenols in the Scandinavian countries and their utilization rates in the last five years and a forecast for their development in the medium term;  Strategically assess the competitive position of the main domestic producers, along with their overall installed capacities and production techniques;  Get and compare information at both aggregate level (for the whole region) and for each individual country, covered in the report;  Explore and identify new market opportunities in the countries and regions within the market;  Track and identify key market trends, opportunities and threats and key drivers behind recent market changes;  Strategically assess market growth potential, demand drivers and restraints on the market;  Evaluate the key macroeconomic indicators to get insight into the general trends within the economy;  See how the market performed in the past (over the last 5 years) and how it will perform in the future (in the next 5 years);  Get acquainted with the leading companies on the market;  Evaluate how diversified the market is in terms of competitive intensity, fragmentation and environment and understand competitive threats;  Empower your marketing, branding, strategy and market development, consumption and supply functions with useful market insights; Page 4of 48 info@wm-strategy.com

5. Demo version Scandinavian Countries: Phenols Market. January 2019  Build your investment strategy by assessing market attractiveness or company attractiveness; Build your own market entry or market expansion strategy or evaluate your current strategy; Add value to pitches and presentations by using official and accurate data and calculations.   We have all the data for this report already available and the report is 75% ready and is in completion stage. With each License, you will get an Excel sheet with all the quantitative information in up to 1 working day after your purchase, which will allow you to start working with the data immediately! The final version of the research report will be presented up to 5 working days after your order. The report will be updated as of the current month of purchase. Feel free to contact us for more information! This is the most comprehensive report covering the phenols market in the Scandinavian countries currently available! We also offer similar reports, covering every global country, region and the world as an overall and offer special terms for bundle purchases. So, if you are interested in the phenols market in the Scandinavian countries, this research report will provide you with a strategic analysis of the market, its recent and future development. In addition, the report will save you time and money while presenting you all the necessary information, empowering you to make informed decisions and move your business forward! Page 5of 48 info@wm-strategy.com

6. Demo version Scandinavian Countries: Phenols Market. January 2019 Research methodology Research methodology The report on the phenols market in the Scandinavian countries uses the unique WMStrategy’s researchmethodology that combines quantitative and qualitative analysis. 1. Analysis of official statistical information This report includes analysis of official statistical information from different public and private sources. The information is used for the interpretation and analysis of data on the volume and dynamics of different quantitative indicators. In the same way, the information is used as basis for building forecasts for the dynamics of the quantitative indicators for the next few years. The exact list of used sources of official information is available in the full report! 2. Analysis of information, received from the main market participants The collection and analysis of information, received from the main market participants is done mainly to understand their competitive positions on the market, to define and assess how different pricing and promotional strategies are utilized on the market and what competitive advantage each of them gives.This information is also used to analyze the assortment and brand presence on the market. The information, received from the main market participants include company presentations, annual reports, price lists, promotional materials, proposals, etc. 3. Analysis of secondary information from official sources The analysis of secondary information from official sources is used to make the picture of the market complete and full. The data is also used to verify the quantitative analysis and to enrich the qualitative one. Such information include data from industry portals and publications, trade associations, media agencies, articles and reviews, marketing agencies, commercial databases, WMStrategy own research studies. 4. Semi structured interviews with market experts Collection and analysis of qualitative information is used to explain different trends, growth drivers, volatility, threats and opportunities of the market. The collection of qualitative information is done through semi structured interviews with market experts. As market experts are considered representatives of the main market participants – manufacturers, distributors, wholesalers, retailers, importers, exporters, unions, professional associations Page 6of 48 info@wm-strategy.com

7. Demo version Scandinavian Countries: Phenols Market. January 2019 and special publications, whose work is directly related to this particular market on a daily basis. The format of the semi structured interviews allows us not only tocover the main questions we need to ask in order to understand the logic behind the market,but also to get new insights and to allow new ideas and factors to come into the picture.During the semi structured interviews, the market experts are asked about their views on thefuture of the market, which are taken into consideration while preparing our forecasts fordevelopment. The exact list of interviewed experts is available in the full report or upon request! 5. Semi structured interviews with corporate clients of the market Another way of looking into the specific market is through the point of view of the corporate clients. In this phase of the research, we are using semi structured interviews to understand the perspective of the high-volume clients on the market. This allows for unmatched wide and deep industry understanding. 6. WMStrategy own methodology The own methodology of WMStrategy can be found in every step of preparing our research studies from the methodology through the processes of collecting and analyzing information to drawing conclusions from it. Page 7of 48 info@wm-strategy.com

8. Demo version Scandinavian Countries: Phenols Market. January 2019 Table of contents Table of contents 1. Introduction 1.1. Report description 1.2. Research methodology 2. Executive summary 3. Characteristics of phenols 4. Characteristics and analysis of raw materials base 5. State of the economy of the Scandinavian countries 5.1. Characteristics of the economy of the Scandinavian countries in 2013-2017 5.2. Forecast for the development of the economy of the Scandinavian countries for 2018-2020 6. Overview and analysis of the phenols market in the Scandinavian countries 6.1. Volume, value and dynamics of the phenols market in the Scandinavian countries in 2013-2017 6.2. Structure of the phenols market in the Scandinavian countries in 2013-2017: production, imports, exports, consumption 6.3. Structure of the phenols market in the Scandinavian countries in 2013-2017 by origin 6.4. Structure of the phenols market in the Scandinavian countriesin 2013-2017 by country 6.5. Structure of the phenols market in the Scandinavian countries in 2013-2017 by application/main product groups and forecast for its development in the medium term 6.6. Key recent trends on the phenols market in the Scandinavian countries 6.7. Competitive landscape of the market 6.8. Country opportunity analysis 6.9. Key drivers and restraints for the market development in the medium term 7. Overview and analysis of the domestic production of phenols in the Scandinavian countries 7.1. Volume, distribution and dynamics of the installed capacities for the production of phenols in the Scandinavian countries broken down by country in the last 5 years and forecast for their development in the medium term 7.2. Volume and dynamics of the average annual utilization rates used for the production of phenols in the Scandinavian countries in the last 5 years and forecast for their development in the medium term 7.3. Volume, value and dynamics of the domestic production of phenols in the Scandinavian countries in 2013-2017 and forecast for 2018-2023 7.4. Structure of the Scandinavian production of phenols in 2013-2017 by countries Page 8of 48 info@wm-strategy.com

9. Demo version Scandinavian Countries: Phenols Market. January 2019 7.5. Characteristics of the main producers of phenols in the Scandinavian countries along with their exact installed capacities and used production techniques in the last 5 years and forecast for their development in the medium term 8. Characteristics and analysis of the prices of phenols in the Scandinavian countries 8.1. Value chain analysis 8.2. Structure of price formation 8.3. Characteristics of the producer prices of phenols in the Scandinavian countries in 2013-2017 8.4. Characteristics of other prices of phenols 9. Trade balance of the foreign trade operations of phenols in the Scandinavian countries 9.1. Trade balance of the foreign trade operations of phenols in the Scandinavian countries in 2013-2017 10. Overview and analysis of the imports of phenols to the Scandinavian market 10.1. Volume, value and dynamics of the imports of phenols to the Scandinavian countries in 2013-2017 10.2. Major trade inflows of phenols imports to the Scandinavian countries in 2013- 2017 10.3. Structure of the imports of phenols in 2013-2017 by importing countries 10.4. Average prices of the phenols, imported to the Scandinavian countries in 2013- 2017 11. Overview and analysis of the Scandinavian exports of phenols 11.1. Volume, value and dynamics of the Scandinavian exports of phenols in 2013- 2017 11.2. Major trade outflows of phenols exports from the Scandinavian countries in 2013-2017 11.3. Structure of the Scandinavian exports of phenols in 2013-2017 by exporting countries 11.4. Average prices of the Scandinavian exports of phenols in 2013-2017 12. Characteristics of the consumption of phenols in the Scandinavian countries 12.1. Volume, value and dynamics of the consumption of phenols in the Scandinavian countries in 2013-2017 12.2. Structure of the consumption of phenols in the Scandinavian countries in 2013- 2017 (by origin, by channel, by country) 12.3. Volume, value and dynamics of the per capita consumption of phenols in the Scandinavian countries in 2013-2017 12.4. Balance between domestic supply and domestic demand on the phenols market in the Scandinavian countries in 2013-2017 and forecast for its development in the medium term Page 9of 48 info@wm-strategy.com

10. Demo version Scandinavian Countries: Phenols Market. January 2019 13. Forecast for development of the phenols market in the Scandinavian countries in 2018-2023 13.1. Factors, influencing the development of the phenols market in the Scandinavian countries in the medium term 13.2. Forecast for market development in the medium term under three possible scenarios About WMStrategy List of tables • Key indicators on the phenols market in the Scandinavian countries in 2013-2017 • Key indicators of the economy of the Scandinavian countries in 2013-2017 • Forecast for the economy of the Scandinavian countries in 2018-2020 • Volume and dynamics of the phenols market in the Scandinavian countries in 2013-2017 • Value and dynamics of the phenols market in the Scandinavian countries in 2013-2017 • Structure of the phenols market in the Scandinavian countries in 2013-2017, in volume terms • Structure of the phenols market in the Scandinavian countries in 2013-2017, in value terms • Structure of the phenols market in the Scandinavian countries by origin in 2013-2017, in volume terms • Structure of the phenols market in the Scandinavian countries by origin in 2013-2017, in value terms • Structure of the phenols market in the Scandinavian countries by country in 2013-2017, in volume terms • Structure of the phenols market in the Scandinavian countries by country in 2013-2017, in value terms • Structure of the phenols market in the Scandinavian countries by application/main product groups in 2013-2017, in volume terms • Forecast for the structure of the phenols market in the Scandinavian countries by application/main product groups in 2018-2023, in volume terms • Country opportunity analysis • Volume and dynamics of the installed capacities for the production of phenols in the Scandinavian countries in 2013-2017 by main countries • Volume and dynamics of the installed capacities for the production of phenols in the Scandinavian countries in 2013-2017 by main companies • Forecast for the installed capacities for the production of phenols by main countries in the Scandinavian countries in 2018-2023 Page 10of 48 info@wm-strategy.com

11. Demo version Scandinavian Countries: Phenols Market. January 2019 • Forecast for the installed capacities for the production of phenols by main companies in the Scandinavian countries in 2018-2023 • Volume and dynamics of the average annual utilization rates used for the production of phenols in the Scandinavian countries in 2013-2017 • Forecast for the average annual utilization rates used for the production of phenols in the Scandinavian countries in 2018-2023 • Volume and dynamics of the domestic production of phenols in the Scandinavian countries in 2013-2017 • Value and dynamics of the domestic production of phenols in the Scandinavian countries in 2013-2017 • Structure of the domestic production of phenols in the Scandinavian countries by producing countries in 2013-2017, in volume terms • Structure of the domestic production of phenols in the Scandinavian countries by producing countries in 2013-2017, in value terms • Forecast for the production of phenols in the Scandinavian countries in 2018-2023 • Structure of the domestic producers of phenols by overall installed production capacities in the Scandinavian countries in 2013-2017 and forecast for their development in 2018-2023 • Value chain analysis of the phenols market in the Scandinavian countries • Cost breakdown of the price formation of phenols in the Scandinavian countries, in % • Volume and dynamics of the average producer prices of phenols in the Scandinavian countries in 2013-2017 • Volume and dynamics of the average producer prices of phenols in the Scandinavian countries by producing countries in 2013-2017 • Volume and dynamics of other prices of phenols in the Scandinavian countries (wholesale, distributor, retail, etc.) in 2013-2017 • Trade balance of phenols foreign trade in the Scandinavian countries in 2013-2017, in volume terms • Trade balance of phenols foreign trade in the Scandinavian countries in 2013-2017, in value terms • Trade balance of phenols foreign trade in the Scandinavian countries by trading countries in 2013-2017, in volume terms • Trade balance of phenols foreign trade in the Scandinavian countries by trading countries in 2013-2017, in value terms • Volume and dynamics of the imports of phenols to the Scandinavian countries in 2013-2017 • Value and dynamics of the imports of phenols to the Scandinavian countries in 2013-2017 • Main countries, exporting phenols to the Scandinavian countries in 2013-2017, in volume terms • Main countries, exporting phenols to the Scandinavian countries in 2013-2017, in value terms Page 11of 48 info@wm-strategy.com

12. Demo version Scandinavian Countries: Phenols Market. January 2019 • Structure of the imports of phenols to the Scandinavian countries by importing countries in 2013-2017, in volume terms • Structure of the imports of phenols to the Scandinavian countries by importing countries in 2013-2017, in value terms • Average prices of the phenols, imported to the Scandinavian countries in 2013-2017 • Average prices of the phenols, imported to the Scandinavian countries in 2013-2017 by importing countries • Volume and dynamics of the Scandinavian exports of phenols in 2013-2017 • Value and dynamics of the Scandinavian exports of phenols in 2013-2017 • Recipient countries of the Scandinavian exports of phenols in 2013-2017, in volume terms • Recipient countries of the Scandinavian exports of phenols in 2013-2017, in value terms • Structure of the Scandinavian exports of phenols by exporting countries in 2013-2017, in volume terms • Structure of the Scandinavian exports of phenols by exporting countries in 2013-2017, in value terms • Average prices of the Scandinavian exports of phenols in 2013-2017 • Average prices of the Scandinavian exports of phenols in 2013-2017 by exporting countries • Volume and dynamics of the consumption of phenols in the Scandinavian countries in 2013- 2017 • Value and dynamics of the consumption of phenols in the Scandinavian countries in 2013- 2017 • Structure of the consumption of phenols in the Scandinavian countries in 2013-2017, in volume terms • Structure of the consumption of phenols in the Scandinavian countries in 2013-2017, in value terms • Structure of the consumption of phenols in the Scandinavian countries by consuming countries in 2013-2017 • Volume and dynamics of the per capita consumption of phenols in the Scandinavian countries in 2013-2017 • Value and dynamics of the per capita consumption of phenols in the Scandinavian countries in 2013-2017 • Balance between domestic supply and domestic demand on the phenols market in the Scandinavian countries in 2013-2017, in volume terms • Balance between domestic supply and domestic demand on the phenols market in the Scandinavian countries in 2013-2017, in value terms • Forecast for the total demand for phenols in the Scandinavian countries in 2018-2023 (under the framework of the base scenario), in volume and value terms • Forecast for the total demand for phenols in the Scandinavian countries in 2018-2023 (under the framework of the pessimistic scenario), in volume and value terms Page 12of 48 info@wm-strategy.com

13. Demo version Scandinavian Countries: Phenols Market. January 2019 • Forecast for the total demand for phenols in the Scandinavian countries in 2018-2023 (under the framework of the optimistic scenario), in volume and value terms List of figures • Volume and dynamics of the phenols market in the Scandinavian countries in 2013-2017 • Value and dynamics of the phenols market in the Scandinavian countries in 2013-2017 • Structure of the phenols market in the Scandinavian countries in 2013-2017, in volume terms • Structure of the phenols market in the Scandinavian countries in 2013-2017, in value terms • Structure of the phenols market in the Scandinavian countries by origin in volume terms in 2013-2017 • Structure of the phenols market in the Scandinavian countries by origin in value terms in 2013-2017 • Structure of the phenols market in the Scandinavian countries by country in 2013-2017, in volume terms • Structure of the phenols market in the Scandinavian countries by country in 2013-2017, in value terms • Structure of the phenols market in the Scandinavian countries by application/main product groups in 2013-2017, in volume terms • Forecast for the structure of the phenols market in the Scandinavian countries by application/main product groups in 2018-2023, in volume terms • Volume and dynamics of the installed capacities for the production of phenols in the Scandinavian countries in 2013-2017 by main countries • Volume and dynamics of the installed capacities for the production of phenols in the Scandinavian countries in 2013-2017 by main companies • Forecast for the installed capacities for the production of phenols by main countries in the Scandinavian countries in 2018-2023 • Forecast for the installed capacities for the production of phenols by main companies in the Scandinavian countries in 2018-2023 • Volume and dynamics of the average annual utilization rates used for the production of phenols in the Scandinavian countries in 2013-2017 • Forecast for the average annual utilization rates used for the production of phenols in the Scandinavian countries in 2018-2023 • Volume and dynamics of the domestic production of phenols in the Scandinavian countries in 2013-2017 Page 13of 48 info@wm-strategy.com

14. Demo version Scandinavian Countries: Phenols Market. January 2019 • Value and dynamics of the domestic production of phenols in the Scandinavian countries in 2013-2017 • Structure of the domestic production of phenols in the Scandinavian countries by producing countries in 2013-2017, in volume terms • Structure of the domestic production of phenols in the Scandinavian countries by producing countries in 2013-2017, in value terms • Forecast for the production of phenols in the Scandinavian countries in 2018-2023 • Structure of the domestic producers of phenols by overall installed production capacities in the Scandinavian countries in 2013-2017 and forecast for their development in 2018-2023 • Value chain analysis of the phenols market in the Scandinavian countries • Structure of the phenols price formation in the Scandinavian countries, in % • Volume and dynamics of the average producer prices of phenols in the Scandinavian countries in 2013-2017 • Deviation of the average producer prices of phenols in the Scandinavian countries in 2013- 2017 by producing countries • Volume and dynamics of other prices of phenols in the Scandinavian countries (wholesale, distributor, retail, etc.) in 2013-2017 • Trade balance of phenols foreign trade in the Scandinavian countries in 2013-2017, in volume terms • Trade balance of phenols foreign trade in the Scandinavian countries in 2013-2017, in value terms • Trade balance of phenols foreign trade in the Scandinavian countries by trading countries in 2013-2017, in volume terms • Trade balance of phenols foreign trade in the Scandinavian countries by trading countries in 2013-2017, in value terms • Volume and dynamics of the imports of phenols to the Scandinavian countries in 2013-2017 • Value and dynamics of the imports of phenols to the Scandinavian countries in 2013-2017 • Main countries, exporting phenols to the Scandinavian countries in 2013-2017, in volume terms • Main countries, exporting phenols to the Scandinavian countries in 2013-2017, in value terms • Structure of the imports of phenols to the Scandinavian countries by importing countries in 2013-2017, in volume terms • Structure of the imports of phenols to the Scandinavian countries by importing countries in 2013-2017, in value terms • Average prices of the phenols, imported to the Scandinavian countries in 2013-2017 • Average prices of the phenols, imported to the Scandinavian countries in 2013-2017 by importing countries • Volume and dynamics of the Scandinavian exports of phenols in 2013-2017 Page 14of 48 info@wm-strategy.com

15. Demo version Scandinavian Countries: Phenols Market. January 2019 • Value and dynamics of the Scandinavian exports of phenols in 2013-2017 • Recipient countries of the Scandinavian exports of phenols in 2013-2017, in volume terms • Recipient countries of the Scandinavian exports of phenols in 2013-2017, in value terms • Structure of the Scandinavian exports of phenols by exporting countries in 2013-2017, in volume terms • Structure of the Scandinavian exports of phenols by exporting countries in 2013-2017, in value terms • Average prices of the Scandinavian exports of phenols in 2013-2017 • Average prices of the Scandinavian exports of phenols in 2013-2017 by exporting countries • Volume and dynamics of the consumption of phenols in the Scandinavian countries in 2013- 2017 • Value and dynamics of the consumption of phenols in the Scandinavian countries in 2013- 2017 • Structure of the consumption of phenols in the Scandinavian countries in 2013-2017, in volume terms • Structure of the consumption of phenols in the Scandinavian countries in 2013-2017, in value terms • Structure of the consumption of phenols in the Scandinavian countries by consuming countries in 2013-2017 • Volume and dynamics of the per capita consumption of phenols in the Scandinavian countries in 2013-2017 • Value and dynamics of the per capita consumption of phenols in the Scandinavian countries in 2013-2017 • Balance between domestic supply and domestic demand on the phenols market in the Scandinavian countries in 2013-2017, in volume terms • Balance between domestic supply and domestic demand on the phenols market in the Scandinavian countries in 2013-2017, in value terms • Forecast for the total demand for phenols in the Scandinavian countries in 2018-2023 (under the framework of the base scenario), in volume and value terms • Forecast for the total demand for phenols in the Scandinavian countries in 2018-2023 (under the framework of the pessimistic scenario), in volume and value terms • Forecast for the total demand for phenols in the Scandinavian countries in 2018-2023 (under the framework of the optimistic scenario), in volume and value terms Page 15of 48 info@wm-strategy.com

16. Demo version Scandinavian Countries: Phenols Market. January 2019 2. 2. Executive summary Executive summary The Scandinavian phenols market showed … dynamics in volume terms in the period 2013- 2017. In 2013, it was equal to 48 thousand tons. In the next four years, it changed on an annual basis at rates of X%, X%, X% and X%, respectively. So, in 2017, the market reached X thousand tons. This was an overall growth of about X% for the past five years. In the medium term, experts believe that the market will continue its growth at rates of about X%- X% per year. In value terms, the phenols market in the Scandinavian countries showed similar dynamics to the same indicator in volume terms. In 2013, it was equal to X million EUR... … Table 1 Key indicators on the Scandinavian phenols market in 2013-2017 Indicators 2013 2014 2015 2016 2017 Market volume and value in the Scandinavian countries in 000’s tons 48 … … … … in 000's of EUR … … … … … Volume and value of production in the Scandinavian countries in 000’s tons … … … … … in 000's of EUR … … … … … Volume and value of imports to the Scandinavian countries in 000’s tons … 15 … … … in 000's of EUR … … … … … Volume and value of the Scandinavian exports in 000’s tons … … … … … in 000's of EUR … … … … … Share of domestically produced goods on the market, in physical terms Share of foreign products on the market, in physical terms …% …% …% …% …% …% …% …% …% …% Average prices on the domestic market … Average producer prices, in EUR/ton Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis … … … … (WMStrategy) Page 16of 48 info@wm-strategy.com

17. Demo version Scandinavian Countries: Phenols Market. January 2019 6. 6. Overview and Overview and analysis analysis of the of the phenols phenols market market in in the the Scandinavian countries Scandinavian countries 6.1. 6.1. Volume, value and dynamics of the Volume, value and dynamics of the phenols 2013 2013- -2017 2017 phenols market in market in the Scandinavian countries the Scandinavian countries in in The Scandinavian phenols market in 2013 was equal to about 48 thousand tons. In the next few years, it ... Table 2 Volume and dynamics of the phenols market in the Scandinavian countries in 2013-2017, in thousands of tons and in % Year Market volume, in 000’s tons 2013 48 2014 … 2015 … 2016 … 2017 … Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis Dynamics, in % 100% X% X% X% X% (WMStrategy) Volume and dynamics of the Scandinavian countries phenols market in 2013-2017 X 250 112% X X 110% X X 200 108% X% X% 106% 150 104% X% X% 102% 100 100% 100% 98% 50 96% 0 94% 2013 2014 2015 2016 2017 Market volume, in 000's of tons Dynamics, in % Fig. 1 Volume and dynamics of the phenols market in the Scandinavian countries in 2013-2017, in thousands of tons and in %1 Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) 1Please, bear in mind that the figures, presented in this demo version are for illustrative purposes only and might differ from the real figures you will get by purchasing the full report! Page 17of 48 info@wm-strategy.com

18. Demo version Scandinavian Countries: Phenols Market. January 2019 … 6.3. During the whole analyzed period, the market was dominated by … products in both volume and value terms. In physical ones, the share of products of domestic origin was in the range of X%-X% of the total market. In value terms, their share was in the range of X%-X%. In 2013, the domestically produced products accounted for X% of the market in physical and X% in value terms. In the next few years, their share … … 6.3. Structure of the Structure of the phenols phenols market in market in the Scandinavian countries the Scandinavian countries by origin by origin Table 3 Structure of the phenols market in the Scandinavian countries by origin in 2013-2017, in thousands of tons Year Market volume, in 000’s tons products, in 000’s tons 2013 48 2014 … 2015 … 2016 … 2017 … Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis Domestically produced Foreign products, in 000’s tons … … … … … … … … … … (WMStrategy) Page 18of 48 info@wm-strategy.com

19. Demo version Scandinavian Countries: Phenols Market. January 2019 Structure of the Scandinavian countries phenols market by origin in 2013- 2017 in volume terms, in % 90.00% X% X% X% X% X% 80.00% 70.00% 60.00% 50.00% 40.00% X% 30.00% X% X% X% X% 20.00% 10.00% 0.00% 2013 2014 2015 2016 2017 Domestically produced products, in 000's of tons Foreign products, in 000's of tons Fig. 2 Structure of the phenols market in the Scandinavian countries by origin in 2013-2017 in volume terms, in %2 Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) 6.4. 6.4. Structure of the Structure of the phenols 2017 2017 phenols market in market in the Scandinavian countries the Scandinavian countries by countries in by countries in 2013 2013- - The countries with the largest phenols markets in volume terms in the Scandinavian countries in 2017 were …, …, …, … and …. In total, they accounted for …% of the market in physical terms. … was the clear leader, as it alone accounted for …% of the market. The highest growing markets in the Scandinavian countries in the last five years were …, … and …, which grew at CAGR of …%, …% and …%, respectively… … 2Please, bear in mind that the figures, presented in this demo version are for illustrative purposes only and might differ from the real figures you will get by purchasing the full report! Page 19of 48 info@wm-strategy.com

20. Demo version Scandinavian Countries: Phenols Market. January 2019 Table 4 Structure of the phenols market in the Scandinavian countries by countries in 2013-2017, in thousands of tons and in % Market volume in 2013, in 000’s tons tons tons Denmark X X Finland X X Iceland X X Norway X X Sweden X X Total 48 X Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis Market volume in 2014, in 000’s Market volume in 2015, in 000’s Market volume in 2016, in 000’s tons X X X X X X Market volume in 2017, in 000’s tons X X X X X X Country share in 2017, in % CAGR 2013- 2017 Country X X X X X X X% 1.4% X% X% X% X% X% X% X% 4.08% X% X% (WMStrategy) Structure of the Scandinavian countries phenols market by countries in 2017 in volume terms, in % Country A X% Country B X% Country C X% Country D Country E X% X% X% Country F X% X% Country G Other countries Fig. 3 Structure of the phenols market in the Scandinavian countries in volume terms in 2017 by countries, in %3 Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) 3Please, bear in mind that the figures, presented in this demo version are for illustrative purposes only and might differ from the real figures you will get by purchasing the full report! Page 20of 48 info@wm-strategy.com

21. Demo version Scandinavian Countries: Phenols Market. January 2019 6.5. 6.5. Structure of the Structure of the phenols application/main product groups and forecast for its development in the medium application/main product groups and forecast for its development in the medium term term phenols market in market in the Scandinavian countries the Scandinavian countries in 2013 in 2013- -2017 by 2017 by … Throughout the whole analyzed period, the usage had a relatively homogeneous structure. Most of the phenols regionally were used in the production of …, which in 2017 accounted for a share of about …% of the total in volume terms (…% in 2017). It was followed by use for the manufacture of … (with a share of …% in 2017), … and other usages (with shares of …% and …% in 2017, respectively). … Table 5 Volume and dynamics of the Scandinavian phenols market by usage in 2013-2017, in thousands of tons and in % Market volume in 2013, in 000's of tons tons tons Phenolic resins Market volume in 2014, in 000's of Market volume in 2015, in 000's of Market volume in 2016, in 000's of tons Market volume in 2017, in 000's of tons CAGR 2013- 2017 Share in 2017, in % Main usage … … … … … 0.53% X% Product B … … … … … X% X% Product C … … … … … X% X% Others … … … … … X% 2.04% Total 48 … … … … X% 100% Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) … In the medium term, the phenols consumption in the region is expected to grow the most in the production of …, which is expected to happen at a CAGR of …% per annum. It will be followed by the phenols usage for production of …, …, and …, which are forecast to grow at CAGR of …%, …%, and…% per year, respectively. The overall market volume is forecast to grow at a CAGR of …% per year to reach 50 thousand tons in 2023. Page 21of 48 info@wm-strategy.com

22. Demo version Scandinavian Countries: Phenols Market. January 2019 Table 6 Forecast for the expected structure of the phenols market in the Scandinavian countries by usage in 2018F-2023F, in volume terms Market volume in 2018F, in 000's of tons of tons of tons of tons Phenolic resins Market volume in 2019F, in 000's Market volume in 2020F, in 000's Market volume in 2021F, in 000's Market volume in 2022F, in 000's of tons Market volume in 2023F, in 000's of tons CAGR 2018F- 2023F Share in 2023F, in % Main usage … … … … … … 0.41% X% Product B … … … … … … X% X% Product C … … … … … … X% X% Others … … … … … … X% 2% Total … … … … … 50 X% 100% Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) … 6.6. … 6.6. Key recent trends on the Key recent trends on the phenols phenols market in market in the Scandinavian countries the Scandinavian countries In terms of end-use industries, the major uses of phenol involve its conversion to precursors for plastics. Condensation with acetone gives bisphenol-A, a key precursor to polycarbonates and epoxide resins. Condensation of phenol, alkylphenol, or diphenol with formaldehyde gives phenolic resins, a famous example of which is Bakelite. Partial hydrogenation of phenol gives cyclohexanone, a precursor to nylon. All of these substances are widely used in the construction and automotive industries. … The industry is indeed restrained owing to its toxic nature via oral exposure and is harmful to the external environment. However, certain regulations and norms provided by environmental associations in individual countries require utilization of the biological degradation method over chemical oxidation and solvent extraction method for the removal of phenol from the industrial waste without formation of the harmful byproducts. Such developments have been providing opportunities for the phenol market growth. … Page 22of 48 info@wm-strategy.com

23. Demo version Scandinavian Countries: Phenols Market. January 2019 6.7. 6.7. … The main players on the market are large multinational companies, which have the resources to compete for large contracts. However, most of them are quite diversified in terms of product and geographical operations and therefore less reliant on this particular market alone. The phenols market is characterized by relatively low product differentiation, although products are less commoditized than most base chemicals. The barriers to market entry include capital requirements for establishing manufacturing facilities, and increasingly stringent regulation, which all serve to increase rivalry… Competitive landscape of the market Competitive landscape of the market Page 23of 48 info@wm-strategy.com

24. Demo version Scandinavian Countries: Phenols Market. January 2019 7 7. . Overview and analysis of the domestic production of Overview and analysis of the domestic production of phenols the Scandinavian countries the Scandinavian countries phenols in in 7.1. 7.1. Volume, distribution and dynamics of the installed capacities for the production of Volume, distribution and dynamics of the installed capacities for the production of phenols phenols in in the Scandinavian countries the Scandinavian countries broken down by country in the last 5 years broken down by country in the last 5 years and forecast for their development in the medium term and forecast for their development in the medium term Phenols are manufactured in several developed countries in the Scandinavian countries. … As of 2017, the largest capacity base was in … and accounted for a share of X% of all installed Scandinavian capacities. They were followed by … with shares of X% and X% of all installed Scandinavian capacities, respectively. As for dynamics, … registered the highest dynamics, increasing at CAGR of X% and X% per annum, respectively. … Table 7 Distribution of phenols production capacities in the Scandinavian countries, broken down by countries in 2013-2017, in thousands of tons and in % Prod. capacity in 2013, in 000's of tons tons tons Finland … … … Prod. capacity in 2014, in 000's of Prod. capacity in 2015, in 000's of Prod. capacity in 2016, in 000's of tons … Prod. capacity in 2017, in 000's of tons … CAGR 2013- 2017 Share in 2017, in % Country X% X% Country B … … … … … X% X% Country C … … … … … X% X% Country D … … … … … X% X% Country E … … … … … X% X% Total X X X X X X% 100% Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) Page 24of 48 info@wm-strategy.com

25. Demo version Scandinavian Countries: Phenols Market. January 2019 7.2. 7.2. Volume and dynamics of the average annual utilization rates used for the Volume and dynamics of the average annual utilization rates used for the production of production of phenols phenols in in the Scandinavian countries the Scandinavian countries in the last 5 years and forecast for their development in the medium term for their development in the medium term in the last 5 years and forecast … Table 8 Phenols average annual capacity utilization rates in the Scandinavian countries, broken down by countries in 2013-2017, in % Average annual capacity util. rate in 2013, in % in % in % Finland X% X% X% Country B X% X% X% Country C X% X% X% Country D X% X% X% Country E X% X% X% Total X% X% X% Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis Average annual capacity util. rate in 2014, Average annual capacity util. rate in 2015, Average annual capacity util. rate in 2016, in % X% X% X% X% X% X% Average annual capacity util. rate in 2017, in % X% X% X% X% X% X% CAGR 2013- 2017 Country X% X% X% X% X% X% (WMStrategy) 7.3. 7.3. Volume, value and dynamics of the domestic production of Volume, value and dynamics of the domestic production of phenols Scandinavian countries Scandinavian countries in in 2013 2013- -2017 2017 and forecast for 2018 phenols in 2023 in the the and forecast for 2018- -2023 As an overall, the Scandinavian production of phenols in volume terms showed mixed dynamics in the period 2013-2017. In 2013, in the Scandinavian countries were produced 190 thousand tons of phenols. In the next year, the production increased by …%, which was followed by two years of decline. It happened at rates of …% and …%, respectively. In 2017, the production volume … by …% and reached … tons, which was its … value for the period.This was an overall … of …% for the last five years. Experts forecast that in the next few years, the Scandinavian production will … at … rates of …% per year. … Page 25of 48 info@wm-strategy.com

26. Demo version Scandinavian Countries: Phenols Market. January 2019 Value and dynamics of the Scandinavian countries production of phenols in 2013-2017 600 112% X% X 110% X 500 X 108% X X 400 106% X% X% X% 104% 300 102% 200 100% 100% 98% 100 96% 0 94% 2013 2014 2015 2016 2017 Production value, in 000's of EUR Dynamics, in % Fig. 4 Value and dynamics of the domestic production of phenols in the Scandinavian countries in 2013-2017, in thousands of EUR and in %4 Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) … 4Please, bear in mind that the figures, presented in this demo version are for illustrative purposes only and might differ from the real figures you will get by purchasing the full report! Page 26of 48 info@wm-strategy.com

27. Demo version Scandinavian Countries: Phenols Market. January 2019 7.4. 7.4. Structure of the Structure of the Scandinavian Scandinavian production of production of phenols phenols in 2013 in 2013- -2017 by countries 2017 by countries The countries that produced the most phenols in volume terms in the Scandinavian countries in 2017 were …, …, …, … and …. In total, they accounted for …% of the regional production in physical terms in the same year. … was the clear leader, as it alone accounted for …% of the production in the Scandinavian countries. The highest growing production in the last five years was recorded in …, … and …, which grew at CAGR of …%,…% and …% per year, respectively… … Table 9 Volume and dynamics of the phenols production in the Scandinavian countries, broken down by countries in 2013-2017, in thousands of tons and in % Prod. in 2013, in 000’s of tons tons tons Prod. in 2014, in 000’s of Prod. in 2015, in 000’s of Prod. in 2016, in 000’s of tons Prod. in 2017, in 000’s of tons Country share in 2017, in % CAGR 2013- 2017 Country Finland … … … … … …% …% Country B … … … … … …% …% Country C … … … … … …% …% Country D … … … … … …% …% Country E … … … … … …% …% Total 190 … … … … …% 100% Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) … Page 27of 48 info@wm-strategy.com

28. Demo version Scandinavian Countries: Phenols Market. January 2019 7.5. 7.5. Characteristics of the main producers of Characteristics of the main producers of phenols along with their exact installed capacities and used production techniques in the along with their exact installed capacities and used production techniques in the last 5 years and forecast for their development in the medium term last 5 years and forecast for their development in the medium term phenols in in the Scandinavian the Scandinavian countries countries At the moment, in the Scandinavian countries there are … phenols manufacturers. The report includes some of the leading manufacturers, ranked in terms of their overall installed capacities for the production of phenols as of 2017. … 7.5.1.Borealis Polymers Oy Borealis is one of the leading providers of plastics, chemical and fertilizer solutions in Europe. Borealis Polymers Oy is part of the international Borealis Group and is currently based in Porvoo, Finland. The Finnish subsidiary manufactures polyolefins and basic chemicals in Porvoo, which is among the largest centers for oil refining and chemicals in the Nordic countries. … In the fiscal 2017, the company reported revenues, amounting to … EUR, which was a … of …%, compared to the previous year. As far as net income is concerned, Borealis recorded … EUR, compared to … EUR in the fiscal 2016. … Table 10 Installed capacities for the production of phenols by Borealis, broken down by countries in the Scandinavian countries in 2013-2017, in thousands of tons and in % Prod. capacity in 2013, in 000's of tons of tons of tons Country A X X X Prod. capacity in 2014, in 000's Prod. capacity in 2015, in 000's Prod. capacity in 2016, in 000's of tons X Prod. capacity in 2017, in 000's of tons X Share in 2017, in % CAGR 2013- 2017 Country X% X% Country B X X X X X X% X% Total X X X X X X% 100% Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) Page 28of 48 info@wm-strategy.com

29. Demo version Scandinavian Countries: Phenols Market. January 2019 8 8. . Characteristics and analysis of the prices of Characteristics and analysis of the prices of phenols phenols in in the the Scandinavian countries Scandinavian countries … 8.3. 8.3. Characteristics of the producer prices of Characteristics of the producer prices of phenols 2013 2013- -2017 2017 … phenols in in the Scandinavian countries the Scandinavian countries in in The average annual prices of phenols in the Scandinavian countries in the period 2013-2017 showed … dynamics. In 2013, one ton of phenols, purchased directly from the producer cost about … EUR in the Scandinavian countries. In the next four years, the indicator recorded steady … with only one exception in 2014, when it … by …%. Its … rates in the other years were …%, …% and …%, respectively. So, in 2017, the average producer price reached … EUR per ton, which was an overall … of …% for the period. Experts expect that the average producer prices will … in the next five years at … rates of …% per annum. Table 11 Volume and dynamics of the average producer prices of phenols in the Scandinavian countries in 2013-2017, in EUR per ton and in % Year Average producer price, in EUR/ton 2013 … 2014 … 2015 … 2016 … 2017 … Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis Dynamics, in % 100% …% …% …% …% (WMStrategy) … Page 29of 48 info@wm-strategy.com

30. Demo version Scandinavian Countries: Phenols Market. January 2019 10 10. . Overview and analysis of the imports of Overview and analysis of the imports of phenols phenols to the to the Scandinavian Scandinavian market market … … 10 10. .2 2. Major trade inflows of . Major trade inflows of phenols … phenols imports imports to to the Scandinavian countries the Scandinavian countries in 2013 in 2013- -2017 2017 The imports of phenols in the last few years by exporting countries were mainly dominated by … countries. This is due to a number of factors. First of all, most of the Scandinavian countries are part of the … and the import-export operations are much faster, easier and without much documentation... In 2017, in physical terms, the main share of imports belonged to ….It was then followed by … with … tons (…%) and … with … tons (…%). Thefourth and fifth place, respectively, were taken by … and … with ... (…%) and … tons(…%). In value terms, the three leading countries were - …, … and … with importedproducts, equal to … (…% of the total), …(…%) and … EUR (…%). Table 12 Main countries, exporting phenols to the Scandinavian countries in 2013- 2017, in thousands of EUR and in % Import value in 2013, in 000's of EUR EUR EUR Country A … … … Import value in 2014, in 000's of Import value in 2015, in 000's of Import value in 2016, in 000's of EUR … Import value in 2017, in 000's of EUR … Share in 2017, in % CAGR 2013- 2017 Exporting country …% …% Country B … … … … … …% …% Country C … … … … … …% …% Country D … … … … … …% …% Country E … … … … … …% …% Country F … … … … … …% …% Country G … … … … … …% …% Country H … … … … … …% …% Country I … … … … … …% …% … … … … … … …% …% Other countries Total … … … … … …% …% … … … … … …% …% Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) Page 30of 48 info@wm-strategy.com

31. Demo version Scandinavian Countries: Phenols Market. January 2019 Structure of the imports of phenols to the Scandinavian countries in 2017 in value terms, in % Country A X% X% Country B Country C X% Country D X% Country E Country F X% X% Country G Others X% X% Fig. 5 Structure of the imports of phenols in the Scandinavian countries by importing countries in 2017 in value terms, in %5 Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) 5Please, bear in mind that the figures, presented in this demo version are for illustrative purposes only and might differ from the real figures you will get by purchasing the full report! Page 31of 48 info@wm-strategy.com

32. Demo version Scandinavian Countries: Phenols Market. January 2019 1 12 2. . Characteristics of the consumption of Characteristics of the consumption of phenols phenols in in the the Scandinavian countries Scandinavian countries 12.1. 12.1. Volume, value and dynamics of the consumption of Volume, value and dynamics of the consumption of phenols countries countries in in 2013 2013- -2017 2017 … phenols in in the Scandinavian the Scandinavian The consumption volume of phenols in the Scandinavian countries in 2013 was 48 thousand tons, which was valued at … million EUR. During the analyzed period, the consumption in both physical and value terms showed mixed dynamics... … Table 13 Volume, value and dynamics of the consumption of phenols in the Scandinavian countries in 2013-2017, in thousands of tons, thousands of EUR and in % Year Market volume, in 000’s tons EUR 2013 48 … 2014 … … 2015 … … 2016 … … 2017 … … Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis Market value, in 000's of Inventory levels Consumption, in 000’s tons Consumption, in 000's of EUR … … … … … …% …% …% …% …% … … … … … (WMStrategy) … Page 32of 48 info@wm-strategy.com

33. Demo version Scandinavian Countries: Phenols Market. January 2019 Volume and dynamics of the consumption of phenols in the Scandinavian countries in 2013-2017 250 112% X% X X 110% X 200 108% X X X% X% 106% X% 150 104% 102% 100 100% 100% 98% 50 96% 0 94% 2013 2014 2015 2016 2017 Consumption, in 000's of tons Dynamics, in % Fig. 6 Volume and dynamics of the consumption of phenols in the Scandinavian countries in 2013-2017, in thousands of tons and in %6 Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) … 6Please, bear in mind that the figures, presented in this demo version are for illustrative purposes only and might differ from the real figures you will get by purchasing the full report! Page 33of 48 info@wm-strategy.com

34. Demo version Scandinavian Countries: Phenols Market. January 2019 12.2. 12.2. Volume, value and dynamics of the per capita consumption of Volume, value and dynamics of the per capita consumption of phenols phenols in in the the Scandinavian countries Scandinavian countries in … in 2013 2013- -2017 2017 The consumption of phenols in the Scandinavian countries fluctuates a lot among the different countries in both volume and value terms. The Scandinavian average consumption in 2013 was … kilograms per capita, which was equal to … EUR per capita. In the next five years, the volume of per capita consumption in physical terms ... at CAGR of …% per year to reach … kilograms per capita, while the one in value terms ... at CAGR of …% per annum and reached … EUR per person. The highest levels of consumption were recorded in …, … and … in physical and in …, … and … in value terms… … Table 14 Volume and dynamics of the per capita consumption of phenols in the Scandinavian countries by consuming countries in 2013-2017, in kilograms per capita and in % Consumption per capita in 2013, in kg/capita kg/capita kg/capita Denmark … … Finland … … Consumption per capita in 2014, in Consumption per capita in 2015, in Consumption per capita in 2016, in kg/capita … … Consumption per capita in 2017, in kg/capita … … CAGR 2013- 2017 Country … … …% …% Iceland … … … … … …% Norway Sweden Average … … … … … … … … … … …% …% … … … … … …% Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) … Page 34of 48 info@wm-strategy.com

35. Demo version Scandinavian Countries: Phenols Market. January 2019 Deviation of the Scandinavian consumption of phenols per capita by consuming countries in 2017, in value terms 0.035 0.030 0.025 0.020 0.015 0.010 0.005 0.000 Denmark Finland Iceland Norway Sweden Consumption per capita in 2017, in EUR/capita Average Scandinavian consumption per capita in 2017, in EUR/capita Fig. 7 Deviation of the Scandinavian consumption of phenols per capita in 2017 by consuming countries in value terms, in EUR per capita7 Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) 7Please, bear in mind that the figures, presented in this demo version are for illustrative purposes only and might differ from the real figures you will get by purchasing the full report! Page 35of 48 info@wm-strategy.com

36. Demo version Scandinavian Countries: Phenols Market. January 2019 1 12 2. .4 4. . Balance between supply and demand on the Balance between supply and demand on the phenols countries countries in in 2013 2013- -2017 2017 and and forecast for its development in the medium term forecast for its development in the medium term … phenols market in market in the Scandinavian the Scandinavian Due to the high domestic supply, the domestic demand is … to cover it fully, so the local balance between supply and demand in volume terms was … with domestic supply being able to cover …% of the domestic demand in the last five years. In value terms, the situation was very similar, but had different dynamics due to the different per kilogram prices of the phenols, produced in the Scandinavian countries and the imported ones. In value terms, the balance between domestic supply and domestic demand was …, as the domestic supply was able to cover …%-…% of the domestic demand in the last five years. … Table 15 Balance between domestic supply and domestic demand on the phenols market in the Scandinavian countries in 2013-2017, in thousands of tons and in % Year Volume of domestic supply, in 000’s tons tons 2013 190 48 2014 … … 2015 … … 2016 … … 2017 … … Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis Volume of domestic demand, in 000’s Balance, in 000’s tons Supply, in % to the total demand 395.8% …% …% …% …% 142 … … … … (WMStrategy) Page 36of 48 info@wm-strategy.com

37. Demo version Scandinavian Countries: Phenols Market. January 2019 Balance between domestic supply and domestic demand on the Scandinavian countries phenols market in 2013-2017, in volume terms 400 X X 300 X X X 200 X X X X X 100 0 2013 2014 2015 2016 2017 Volume of domestic supply, in 000's of tons Volume of domestic demand, in 000's of tons Fig. 8 Balance between domestic supply and domestic demand on the phenols market in the Scandinavian countries in 2013-2017, in thousands of tons8 Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) 8Please, bear in mind that the figures, presented in this demo version are for illustrative purposes only and might differ from the real figures you will get by purchasing the full report! Page 37of 48 info@wm-strategy.com

38. Demo version Scandinavian Countries: Phenols Market. January 2019 1 13 3. Forecast for development of the . Forecast for development of the phenols phenols market in market in the Scandinavian the Scandinavian countries countries in in 2018 2018- -2023 2023 13.1. Factors, influencing the development of the 13.1. Factors, influencing the development of the phenols countries countries in the medium term in the medium term … phenols market in market in the the Scandinavian Scandinavian In the last five years, the Scandinavian phenols market was dominated by … and this trend will continue in the medium term. Due to the …, the market will show … in the period until 2023. Understandably, this will happen if the overall Scandinavian economy is able to achieve … of …% per year and…. … 13.2. Forecast for market development in the medium term under three possible scenarios … 13.2. Forecast for market development in the medium term under three possible scenarios Under the base scenario for development, the Scandinavian economy will show … rates of about …% per year until 2023…. In this scenario, the annual market … rate for the period will be about …% per year, which means that the market volume in 2023 will reach 50 thousand tons or … million EUR. Page 38of 48 info@wm-strategy.com

39. Demo version Scandinavian Countries: Phenols Market. January 2019 Table 16 Volume, value and dynamics of the phenols market in the Scandinavian countries in 2013-2017 and forecast for its development in 2018-2023 (under the framework of the base scenario), in thousands of tons, thousands of EUR and in % Year Market volume, in 000’s tons % 2013 48 …% 2014 … …% 2015 … …% 2016 … …% 2017 … …% 2018F … …% 2019F … …% 2020F … …% 2021F … …% 2022F … …% 2023F 50 …% Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis Dynamics, in Market value, in 000's of EUR … … … … … … … … … … … Dynamics, in % …% …% …% …% …% …% …% …% …% …% …% (WMStrategy) Volume and dynamics of the phenols market in the Scandinavian countries in 2013-2023F (base scenario) 300 112.00% 110.00% 250 108.00% 200 106.00% 104.00% 150 102.00% 100 100.00% 98.00% 50 96.00% 0 94.00% 2013 2014 2015 2016 2017 2018F 2019F 2020F 2021F 2022F 2023F Market volume, in 000's of tons Dynamics, in % Fig. 9 Volume and dynamics of the phenols market in the Scandinavian countries in 2013-2017 and forecast for its development in 2018-2023 (under the framework of the base scenario), in thousands of tons and in %9 Source: Data (Official sources, Expert opinion, WMStrategy calculations), Analysis (WMStrategy) 9Please, bear in mind that the figures, presented in this demo version are for illustrative purposes only and might differ from the real figures you will get by purchasing the full report! Page 39of 48 info@wm-strategy.com

40. Demo version Scandinavian Countries: Phenols Market. January 2019 Similar reports Similar reports We can provide similar reports with a different geographical coverage. These can be conditionally divided into single-country and regional (multi-country) reports. The main difference between the two is the geographical coverage and research focus. We offer similar reports, covering the following countries/regions:  Africa: o Algeria; o Angola; o Botswana; o Cameroon; o Congo (Democratic Republic); o Congo Republic; o Egypt; o Ethiopia; o Equatorial Guinea; o Ghana; o Ivory Coast; o Kenya; o Libya; o Madagascar; o Malawi; o Mauritius; o Morocco; o Mozambique; o Namibia; o Nigeria; o Senegal; o South Africa; o Sudan; o Tanzania; o Togo; o Tunisia; o Uganda; o Zambia; o Zimbabwe;  Asia and Pacific: Page 40of 48 info@wm-strategy.com

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44. Demo version Scandinavian Countries: Phenols Market. January 2019 Southern Europe; Western Europe; Balkan countries; Southeast Europe; Central and Eastern Europe; Baltic countries; Benelux countries; Scandinavian countries; Mediterranean countries; Iberian countries; CIS Countries; Middle East; North America; North East Asia; Asia and Pacific; Asia; South and Central America; OPEC Countries; GCC Countries; BRICS Countries; CIVETS Countries; MINT Countries; Australia and New Zealand; As well as a global report, covering all of the above. o o o o o o o o o o o o o o o o o o o o o o o  Feel free to contact us for more information! We offer similar reports, covering the following products/product groups:  Acetaldehyde;  Acetone;  Acrylates;  Acrylic Acid;  Aniline;  Benzene;  Bisphenol A;  Butanal;  Butyl Acetate;  Caprolactam; Page 44of 48 info@wm-strategy.com

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46. Demo version Scandinavian Countries: Phenols Market. January 2019 About us About us Williams & Marshall Strategy (http://www.wm-strategy.com) is a global full-service market research and consulting company, providing market insight and analysis on a wide range of industries and markets. Our unique research methodology combines quantitative and qualitative analysis and covers the whole value chain of the markets we analyze – from manufacturers and distributors through wholesalers and retailers to the final clients, which allows us to provide unmatched wide and deep industry understanding. Thus, our clients receive actionable insights on the volume, value and dynamics, trends, growth drivers, threats and opportunities of each market – intelligence that helps them be always a step ahead of the competition. WMStrategy’s reports help our clients make informed commercial planning and strategic decisions and so timely tackle the complex challenges and maximize the opportunities that impact their businesses and drive the generation, evaluation and implementation of powerful growth strategies. We are constantly enhancing our research skills and coverage by improving our work and adding new experts and geographical markets to our portfolio, making our products an essential resource for companies at global, national and local level. Our reports free up your resources and offer you timely deep industry understanding and strategic insights, required in today’s increasingly competitive business environment. Page 46of 48 info@wm-strategy.com

47. Demo version Scandinavian Countries: Phenols Market. January 2019 Our clients Our clients As a global company, we are dealing with a very diverse client base. The companies who trust us come from different geographical regions and from different backgrounds – we have clients, ranging from large, developed economies like the USA, the UK, Germany, France, Italy, Australia, Canada, Japan, etc. to developing countries like Chile, Nigeria, India, Indonesia, Bulgaria, Poland, Russia, etc. Our clients come from different industries – from mining and agriculture through processing and manufacturing to different types of consulting and financial services. They vary from large Fortune 500 companies to small start-up ventures. You can find a sample list of some of our recent clients below10 (provided in no particular order). 10 All logos represent intellectual property of their respective owners. WMS does not have the right to represent any of the above mentioned companies. Page 47of 48 info@wm-strategy.com

48. Demo version Scandinavian Countries: Phenols Market. January 2019 Purchase this report Purchase this report You can purchase this report directly at our online store: https://www.wm- strategy.com/catalog/product/view/id/126849/s/scandinavian-countries- phenols-market/ You can inquire about strategy.com/catalog/product/view/id/126849/s/scandinavian-countries- phenols-market/ You can request customization strategy.com/catalog/product/view/id/126849/s/scandinavian-countries- phenols-market/ You can browse other reports in our online store: https://www.wm- strategy.com/store/ You can find out more about us on our website: https://www.wm- strategy.com/ You can contact us with any questions: info@wm-strategy.com this report: https://www.wm- of this report: https://www.wm- Page 48of 48 info@wm-strategy.com