Press release
Cresols Market to grow over 3% CAGR upto 2024.
“Cresol Market is projected to exceed USD 474 million according to this new research report.”
Global cresols market has prominent applications in automotive and electrical & electronics sector for their capability to withstand higher temperature under mechanical stress. These characteristics makes the product ideal in automotive brake pistons, pulleys and natural gas valves. This as a result, has opened new growth opportunities for cresols market from 2016 to 2024.
Cresol market bear high demands in the production of antioxidants such as butylated hydroxytoluene (BHT). However, certain stringent regulatory discouragements regarding the BHT usage might restrain the market growth. The U.S. Food and Drug Association (FDA) has declared 0.02% of BHT consumption as GRAS (Generally recognized as safe), exceeding which is hazardous. Few countries including Japan, Sweden, Australia, and Romania have banned the product use in food & beverage which may negatively influence cresols market share during future years.
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Meta-cresols will exhibit moderate CAGR during the projected timespan on account of increasing consumer awareness towards nutritious food consumption and thereby increasing vitamin E demand. Meta-cresols are used as synthetic vitamin E chemical intermediates and their market growth is driven by the growing vitamin E demand.
Para-cresols will exhibit gains upto 3% CAGR from 2017 to 2024 which is driven by their rising demand in the pharmaceuticals, cosmetics, rubber and electrical industrial applications. The globally increasing meat consumption has driven animal feed and additives demand which is in direct proportion to the cresol market growth.
Solvent will experience growth close to 3% CAGR by 2024, which is attributed to their growing demand in polymers industry for industrial applications. Chemical intermediates will witness the highest gains exceeding 3.5% over the forecast timeframe. Increasing vitamin E demand due to its applications in dietary supplement and animal feed coupled with rise in the robust growth in chemical industry will further push cresols market by 2024
Browse key industry insights from the report, “Cresols Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/cresols-market
Asia Pacific is projected to witness highest gains over 3.5% CAGR in the forecast period. The regional cresols market share will be driven mainly due to the enhanced consumer lifestyles leading to the preference of nutrient enriched food consumption.
The thriving regional pharmaceutical sector will propel the demand for chemical intermediates in North America, thereby driving the cresol market growth. In addition to that, the significant packed food demand in the region is likely to complement growth for preservatives.
Key industry players are Saudi Basic Industries Corporation (SABIC), Sasol Phenolics, Lanxess AG, RÜTGERS Group, Atul Ltd, Mitsui Chemicals, Inc, Ardisons Oils & Electricals (P) Ltd, Nanjing Datang Chemical Co., Ltd, Dakota Gasification Company, VDH Chemtech Pvt. Ltd, and Xiamen Hisunny Chemical Co., Ltd.
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Cresol market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
Cresol market by product
o Meta-Cresols
o Para-Cresols
o Ortho-Cresols
Cresol market by application
o Chemical Intermediates
o Solvents
o Preservatives
o Antioxidants
o Others
The above information is provided on a regional and country basis for the following:
o North America
§ U.S.
§ Canada
o Europe
§ Germany
§ UK
§ France
§ Spain
§ Italy
o Asia Pacific
§ China
§ India
§ Japan
§ Australia
§ Indonesia
§ Malaysia
o Latin America
§ Brazil
§ Mexico
o Middle East & Africa
§ South Africa
§ GCC
Report Content
Chapter 6 Cresols Regional Insights
6.1 Cresols market share by region, 2015 & 2024
6.2 North America
6.2.1 North America market estimates and forecast, 2013 - 2024
6.2.2 North America market estimates by product, 2013 - 2024
6.2.3 North America market estimates by application, 2013 - 2024
6.2.4 U.S.
6.2.4.1 U.S market estimates and forecast, 2013 - 2024
6.2.4.2 U.S. market estimates by product, 2013 - 2024
6.2.4.3 U.S. market estimates by application, 2013 - 2024
6.2.5 Canada
6.2.5.1 Canada market estimates and forecast, 2013 - 2024
6.2.5.2 Canada market estimates by product, 2013 - 2024
6.2.5.3 Canada market estimates by application, 2013 - 2024
6.3 Europe
6.3.1 Europe market estimates and forecast, 2013 - 2024
6.3.2 Europe market estimates by product, 2013 - 2024
6.3.3 Europe market estimates by application, 2013 - 2024
6.3.4 Germany
6.3.4.1 Germany market estimates and forecast, 2013 - 2024
6.3.4.2 Germany market estimates by product, 2013 - 2024
6.3.4.3 Germany market estimates by application, 2013 - 2024
6.3.5 UK
6.3.5.1 UK market estimates and forecast, 2013 - 2024
6.3.5.2 UK market estimates by product, 2013 - 2024
6.3.5.3 UK market estimates by application, 2013 – 2024
6.3.6 France
6.3.6.1 France market estimates and forecast, 2013 - 2024
6.3.6.2 France market estimates by product, 2013 - 2024
6.3.6.3 France market estimates by application, 2013 - 2024
6.3.7 Spain
6.3.7.1 Spain market estimates and forecast, 2013 - 2024
6.3.7.2 Spain market estimates by product, 2013 - 2024
6.3.7.3 Spain market estimates by application, 2013 - 2024
6.3.8 Italy
6.3.8.1 Italy market estimates and forecast, 2013 - 2024
6.3.8.2 Italy market estimates by product, 2013 - 2024
6.3.8.3 Italy market estimates by application, 2013 - 2024
6.4 Asia Pacific
6.4.1 Asia Pacific market estimates and forecast, 2013 - 2024
6.4.2 Asia Pacific market estimates by product, 2013 - 2024
6.4.3 Asia Pacific market estimates by application, 2013 - 2024
6.4.4 China
6.4.4.1 China market estimates and forecast, 2013 - 2024
6.4.4.2 China market estimates by product, 2013 - 2024
6.4.4.3 China market estimates by application, 2013 - 2024
6.4.5 India
6.4.5.1 India market estimates and forecast, 2013 - 2024
6.4.5.2 India market estimates by product, 2013 - 2024
6.4.5.3 India market estimates by application, 2013 - 2024
6.4.6 Japan
6.4.6.1 Japan market estimates and forecast, 2013 - 2024
6.4.6.2 Japan market estimates by product, 2013 - 2024
6.4.6.3 Japan market estimates by application, 2013 - 2024
6.4.7 Australia
6.4.7.1 Australia market estimates and forecast, 2013 - 2024
6.4.7.2 Australia market estimates by product, 2013 - 2024
6.4.7.3 Australia market estimates by application, 2013 – 2024
6.4.8 Indonesia
6.4.8.1 Indonesia market estimates and forecast, 2013 - 2024
6.4.8.2 Indonesia market estimates by product, 2013 - 2024
6.4.8.3 Indonesia market estimates by application, 2013 – 2024
6.4.9 Malaysia
6.4.9.1 Malaysia market estimates and forecast, 2013 - 2024
6.4.9.2 Malaysia market estimates by product, 2013 - 2024
6.4.9.3 Malaysia market estimates by application, 2013 - 2024
6.5 Latin America
6.5.1 Latin America market estimates and forecast, 2013 - 2024
6.5.2 Latin America market estimates by product, 2013 - 2024
6.5.3 Latin America market estimates by application, 2013 - 2024
6.5.4 Brazil
6.5.4.1 Brazil market estimates and forecast, 2013 - 2024
6.5.4.2 Brazil market estimates by product, 2013 - 2024
6.5.4.3 Brazil market estimates by application, 2013 - 2024
6.5.5 Mexico
6.5.5.1 Mexico market estimates and forecast, 2013 - 2024
6.5.5.2 Mexico market estimates by product, 2013 - 2024
6.5.5.3 Mexico market estimates by application, 2013 - 2024
6.6 MEA
6.6.1 MEA market estimates and forecast, 2013 - 2024
6.6.2 MEA market estimates by product, 2013 - 2024
6.6.3 MEA market estimates by application, 2013 – 2024
6.6.4 South Africa
6.6.4.1 South Africa market estimates and forecast, 2013 - 2024
6.6.4.2 South Africa market estimates by product, 2013 - 2024
6.6.4.3 South Africa market estimates by application, 2013 - 2024
6.6.5 GCC
6.6.5.1 GCC market estimates and forecast, 2013 - 2024
6.6.5.2 GCC market estimates by product, 2013 - 2024
6.6.5.3 GCC market estimates by application, 2013 – 2024
Chapter 7 Company Profiles
7.1 Sasol Phenolics
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 Strategic Outlook
7.2 Saudi Basic Industries Corporation (SABIC)
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 Strategic Outlook
7.3 Lanxess AG
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.4 Dakota Gasification Company
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 Strategic Outlook
7.5 RÜTGERS Group
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 Strategic Outlook
7.6 Mitsui Chemicals, Inc.
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 Strategic Outlook
7.7 Atul Ltd.
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 Strategic Outlook
7.8 Nanjing Datang Chemical Co., Ltd
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 Strategic Outlook
7.9 VDH Chemtech Pvt. Ltd.
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 Strategic Outlook
7.10 Ardisons Oils & Electricals (P) Ltd.
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 Strategic Outlook
7.11 Xiamen Hisunny Chemical Co., LTD.
7.11.1 Business Overview
7.11.2 Financial Data
7.11.3 Product Landscape
7.11.4 Strategic Outlook
Browse full Table of Content @ https://www.gminsights.com/toc/detail/cresols-market
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