Cresol Market Trend and Demand in Supplements, Cosmetics, and Chemical Industries are Drives Growth 2027
The global Cresol market is forecasted to grow at a rate of 3.5% from USD 676.9 million in 2019 to USD 878.2 million in 2027. Cresol is formulated from coal tar and petroleum, which are some of the essential components of creosote, a wood preservative. The increased demand for vitamin E in foods and dietary supplements, due to consumers’ increasing attention to healthy eating, is also expected to drive demand for products in the coming years.
Cresol derivatives have gained importance in the production of vitamin E and electronic encapsulation products. Growing demand for computers, tablets, smartphones, and display devices is expected to boost the electronics industry over the forecast period. Although these segments are niche applications for product isomers, the electronics and food industries are both expected to offer immense growth potential for the Asia Pacific market and Europe. Compounds such as the meta, para and ortho isomers are made from coal tar and petroleum or toluene.
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Key participants include- Anhui Haihua Chemical Technology Co., Ltd., Dakota Gasification Company, Lanxess AG, Konan Chemical Manufacturing Co. Ltd., Ardison Oils & Electricals(P) Ltd, Mitsui Chemicals Inc., SABIC, RüTGERS Group, Nanjing Long Yan Chemical Co. Ltd., Merisol Group of Companies, among others.
Further key findings from the report suggest
- Due to the chemical properties of its derivatives used as reagents for vitamin E, perfumes, dyes, and the pharmaceutical sector. The application of m-cresol is increasing in the pharmaceutical, food, and drink and agrochemical segments due to its antimicrobial properties.
- North America is expected to lose market share in the fast-growing Asia-Pacific and South American markets. Growing concerns about the effects associated with micronutrient deficiency are expected to stimulate demand for vitamin E in the latter regions during the forecast period. The growing population, coupled with increased awareness of fortified foods and beverages in the Asia-Pacific region, is expected to have an impact on the regional market. South American market is expected to register a CAGR of 3.1 percent over the forecast period.
- P-Cresol became the leading product segment in 2019 and should register a moderate CAGR of 3.7 percent from 2019 to 2027. It is mainly consumed in the production of BHT, an antioxidant used in the food sectors, cosmetics, and pharmaceuticals. The demand for products in the butylated hydroxytoluene applications segment represented more than 50.0 percent in 2019.
- An essential raw material used in the production of meta and para isomers is cymene, a bio-based material. Besides the prices of raw materials, other factors influencing the prices of these products include the location of the production site, separation techniques, and specific quality. Due to the boiling points close to the meta and para isomers, the additional costs caused by the separation of these products from the raw materials contributed to its high price.
The Key Regions Covered In The Report Are As Follows:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest Of Eu)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest Of Apac)
Latin America (Chile, Brazil, Argentina, Rest Of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest Of Mea)
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Type Outlook (Revenue, USD Million; 2017-2027)
Source Outlook (Revenue, USD Million; 2017-2027)
Application Outlook (Revenue, USD Million; 2017-2027)
Agrochemicals & Pesticides
Butylated Hydroxytoluene (BHT)
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Table Of Contents:
1.1 Research Scope
1.2 Key Cresol Market Segments
1.3 Major Players
1.4 Market Analysis By Product Type
1.5 Market Analysis By Application
1.6 Report Timeline
Global Growth Trends
2.1 Global Cresol Market Size
2.2 Latest Regional Market Trends
2.3 Emerging Growth Trends
3.1 Global Cresol Market Key Players
3.2 Global Cresol Size By Manufacturers
3.3 Products Of Major Players
3.4 Entry Barriers In The Cresol Market
3.5 Mergers, Acquisitions, Joint Ventures, And Other Strategic Alliances
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