Global Cresol Market : Industry analysis and Forecast (2020-2027)
Global Cresol Market was value US$ XX Mn in 2019 and is projected to reach US$ XX Mn by 2027 at a CAGR of XX %.
Increasing adoption of cresol derivatives as a raw material or reactant in the production of antioxidants in personal care and chemical intermediates are expected to drive product demand over the forecast period. Growing demand for efficient stabilizers in the chemical industry and pesticides production is expected to drive product demand over the forecast period. Stringent regulations regarding the adverse impact of a cresol manufacturing process and waste generated in the toluene based cresol production are toxic to the aquatic environment restrains the global cresol market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
P-Cresol segment led in 2017 and is estimated to grow at a moderate CAGR of 3.0%. P-Cresol is largely consumed in the production of butylated hydroxytoluene, an antioxidant which is used in the food, cosmetics, and pharmaceuticals sector. M-Cresol acts as a chemical intermediate for the synthesis of resole that are used in brake and clutch linings. Anti-microbial characteristic of meta isomer has witnessed significant growth in antiseptic and disinfectant applications.
Cresols are majorly used in chemical intermediates in vitamin E production. Rising vitamin E consumption and its wide application array from human nutritional supplements, animal feed additives to antioxidant for polymers will drive industry growth. Owing to the chemical properties of its derivatives that are used as a reactant for vitamin E, fragrance, dyes, and pharmaceutical sectors. Application of m-cresol is increasing in the pharmaceuticals, food and beverage, and agrochemical segments due to its antimicrobial properties.
The Asia Pacific dominated the global cresol market. While Europe cresol market is estimated to gain a moderate growth on account of continued demand for aroma chemicals and pharmaceuticals. Growing product demand in the agrochemicals, vitamin E, and the electronics sector in the region. Presence of various manufacturing industries in China has played a dominant role in high market penetration for cresol derivatives in the region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding cresol market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to an emerging segment in cresol market.
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Scope of the Global Cresol Market
Global Cresol Market, By Product:
Global Cresol Market, By Application:
• Agrochemicals & Pesticides
• Specialty Resins
• Vitamin E
• Butylated Hydroxytoluene (BHT)
Global Cresol Market, by Region:
• North America
• South America
• Asia Pacific
• Middle East & Africa
Key Players in Global Cresol Market:
• Anhui Haihua Chemical Technology Co., Ltd.
• Ardison Oils & Electricals(P) Ltd
• Atul Ltd.
• Dakota Gasification Company
• Konan Chemical Manufacturing Co., Ltd.
• Lanxess AG
• Merisol Group of CompaniesMitsui Chemicals Inc.
• Nanjing Datang Chemical Co., Ltd
• Nanjing Long Yan Chemical o., Ltd.
• RüTGERS Group
• Sasol Limited
• Xiamen Hisunny Chemical Co., Ltd
• VDH Chemtech Pvt. Ltd.
• Eastman Chemical Company
• Muby Chemicals Ltd.NOVA International
• R.T. Vanderbilt Holding Company, Inc.
• Xiangshui Fumei Chemical Co., Ltd
• SI Group
• Akrochem Corporation
• Kumho P&B Chemicals
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
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Organization: Maximize Market Research
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