Global Cresol Market is segmented by Product (meta-Cresol, para-Cresol and ortho-Cresol), Application (Agrochemicals & Pesticides, Antioxidants, Fragrance, Specialty Resins, Dyes, Vitamin E and butylated hydroxytoluene (BHT)) and Region (North America, South America, Asia Pacific, Europe and Middle East & Africa) is projected to reach US$ XX Bn by 2027 at a CAGR of XX %.
Expanding application of cresol subordinates as a crude material or reactant in the generation of cancer prevention agents in personal care and chemical intermediates drive cresol market. Cresols are used as disinfectants, preservatives or stabilizers in cleaning/washing agents, surface treatment products, paints, solvents, adhesives, binding agents and fillers, corrosion inhibitors, and impregnation materials. However, sluggish economic growth in the region is expected to hamper market penetration in the region. 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.
m-Cresol to gain major traction in the cresol market.
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. Vitamin E functions mainly as an antioxidant helps protect cells from damage caused by unstable molecules called free radicals.
The Asia Pacific dominated the global cresol market.
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.
This report includes a study of marketing and development strategies, along with the Form portfolios of leading companies. It includes the profiles of leading manufacturers such as 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, SABIC, 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, Huntsman and Kumho P&B Chemicals
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global cresol market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global cresol market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market of our clients and at the same time explain global cresol market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Cresol Market”.
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