San Francisco, 24 April , Cresol Market Analysis By
Product (meta-Cresol, para-Cresol, ortho-Cresol), By Application (Agrochemicals
& Pesticides, Antioxidants, Fragrance, Specialty Resins, Dyes, Vitamin E,
Butylated Hydroxytoluene (BHT)) And Segment Forecasts To 2024
The global cresol market is expected to reach USD 795.7
million by 2024, according to a new report by Grand View Research, Inc.
Increasing adoption of cresol derivatives as a precursor in the production of
antioxidants in personal care and chemical intermediates are expected to drive
product demand over the next eight years.
The
ability of vitamin E to minimize risks associated with heart attack, chest
pain, and joint pain is anticipated to steer cresols demand over the forecast
period. Vitamin E is majorly used as an antioxidant to prevent clotting and
blood sugar problems. BHT is another important antioxidant derived from cresol
isomers that find significance in the food, cosmetics, and chemical
industries.
Ortho
isomer derivatives are majorly used in agrochemical and pesticide industries.
Agrochemical segment accounted for over 27% of global ortho-cresol market
volume in 2015. Growing concern towards crop protection and pest control is
expected to drive product demand in agrochemical industry.
Growing
concern towards food shortage can be attributed to the lack of synergy between
crop production and surging food demand in various regions of Asia Pacific and
Europe. The ability of ortho and meta isomer derivatives to enhance the
performance of pesticides is anticipated to drive product demand as plant
growth regulators over the long term.
Access Full
Research Report On Cresol
Market Analysis:
Further key findings from the report
suggest:
·
The global cresol market demand
was 137.5 kilo tons in 2015 and is estimated to reach 187.1 kilo tons by 2024,
growing at a CAGR of 3.5% from 2016 to 2024
·
para-Cresol emerged as the
leading product segment and accounted for 39.1% of total revenue in 2014. The
segment is estimated to reach a net worth exceeding USD 300 million by 2024.
·
Global meta isomer &
derivatives demand in electronic applications is expected to witness the
fastest growth over the forecast period. The segment is anticipated to reach a
total demand of 4.3 kilo tons by 2024.
·
Asia Pacific was the leading
reagional market with demand share estimated at 42.9% in 2015. The region
is also expected to witness the highest growth of 4.0% over the forecast
period.
·
Key players operating in the
industry include Sasol, Lanxess, SABIC, and Mitsui Chemical that have
integrated the production of raw material, cresol isomers, and their
derivatives. Other major industry participants include Atul Ltd., Datang
Chemical, VDH Chemtech, Xiamen HiSunny, and Konan Chemical.
Browse More Reports Of This
Category By Grand View Research At: https://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has
segmented the cresol market on the basis of product, and region:
Global
Cresol Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
m-Cresol
o
By application
o Agrochemicals & pesticides
o Vitamin E
o Chemical intermediate
o Electronics
o Others
·
p-Cresol
o
By application
o Butylated hydroxytoluene
o Antioxidant
o Fragrance
o Specialty resin
o Others
·
o-Cresol
o
By application
o Agrochemicals & pesticides
o Antioxidant
o Dyes
o Electronics
o Others
Global
Cresol Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S.
·
Europe
o
France
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
·
Middle East & Africa
·
Central & South America
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Press Release of this Report: https://www.grandviewresearch.com/press-release/global-cresol-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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