Creosote Oil Market - Size, Share, Outlook, and Forecast till 2026

Worldwide Market Reports added Latest Research Report titled “Creosote Oil Market - Size, Share, Outlook, and Forecast till 2026" to its Large Report database.

Creosote is a dark brown oil containing various phenols and other organic compounds, which are distilled from coal tar. According to the United States Environmental Protection Agency (EPA) the creosote is pesticide, which is used as a wood preservative. Furthermore, Chaparral (Larrea tridentata) is a plant which smells like creosote and the oil produced by this plant is referred to as creosote oil. Some creosote types were used as a treatment for components of seagoing and outdoor wood structures to prevent its spoilage. Samples may be commonly found inside chimney flues, where the coal or wood burns under variable conditions, producing soot and tarry smoke. Creosotes are the principal chemicals responsible for the stability, scent, and flavor characteristic of smoked meat.

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Increasing adoption of creosote oil among various end-use industries is a major factor driving growth of the creosote oil market. Furthermore, wood tar oil has medicinal properties and it is used as an expectorant, strong astringent, and as a laxative, which is propelling growth of the creosote oil market. Moreover, creosote oil obtained from creosote bush have anti-acne, anti-inflammatory, antiseptic, cicatrizant, anti-neuritic, antihelmintic, and diuretic therapeutic properties, which is increasing its adoption among healthcare sector, in turn fueling growth of the creosote oil market. However, creosote oil is possess hepatic and renal toxicity, which is major factor restraining growth of the creosote oil market. The Environmental Protection Agency proposed to ban creosote in almost every use except as a wood preservative, owing to risk of developing cancer. The actions follow six years of study of the findings that creosote can cause cancer and genetic changes in laboratory animals, and that it has been associated with skin cancer among workers.

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Key Developments of Creosote Oil Market

Market players are engaged in developing creosote oil-based products, owing to various health benefits provided by it. Increasing adoption of creosote oil in furniture for preservation of wood is fueling growth of the creosote oil market. Key players operating in creosote oil market include Boc Sciences, Hangzhou Sage Chemical Co., Jinlan Pharm-Drugs Technology Co., Limited, Inc., HBCChem, Ltd., Afine Chemicals Limited, Skyrun Industrial Co., Ltd., Ltd., Jinan Haohua Industry Co., Andexin industrial Co., Ltd., and Jinan Jason Pharmaceutical Co.

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