You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

DUBLIN--(BUSINESS WIRE)--The "North America Phenol Market Analysis, Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End User Industries, Distribution Channel, Regional Demand, 2015-2030" report has been added to ResearchAndMarkets.com's offering. The demand for Phenol in North America surpassed 2.1 million tonnes in 2019 and is anticipated to grow at a CAGR of 4.73% during the forecast period. The demand for Phenol in North America is likely to grow tremendously in the forecast period driven by strong demand for polycarbonate (PC) resins from the region's incredibly growing construction and automotive industry. Furthermore, the region's hefty investments across the housing and other large infrastructure projects would further drive the demand for Phenol from the construction sector. North America's expansive automotive market further provides a huge scope for the consumption of Phenolic and Epoxy Resins. In addition, Phenol is also used in the preparation of dyes, explosives, lubricants, pesticides and plastics. Under this subscription you would be able to access the North American Phenol market demand and supply analysis on a cloud-based platform for one year. The data is updated on near real time basis to add any new movement in the industry including but not limited to new plant announcement, plant shutdowns, temporary disruptions in the demand or supply, news and deals and much more specific to Phenol. Key Topics Covered: North America Phenol Market Outlook, 2015-2030 For more information about this report visit https://www.researchandmarkets.com/r/xsgwbq

Answer: North America Phenol Market Analysis Service 2020: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End User Industries, Distribution Channel, Regional Demand, 2015-2030 - ResearchAndMarkets.com