The Australia phenol market covers the production of phenol and its related compounds in the chemical and industrial sectors of Australia, as well as the import, export, distribution and usage of these substances. Phenol is an aromatic chemical used as an intermediate for manufacturing phenolic resin, adhesives, coatings, and other phenolic derivative products used for constructing materials, electronic parts, automotive components and specialty chemical products. More than half of the source of phenol in Australia is driven by overseas production as there is very limited local production capacity.