Press release
Cresols Market 2018 Top Key Vendors - Lanxess, SABIC, Sasol Phenolics, and Rutgers Chemicals
Increasing vitamin demand in food & beverage fortification and dietary supplements will boost global cresols market size by 2024. Robust dietary supplement demand is chiefly driven by unbalanced food nutrition adulteration coupled with improving consumer food habits and lifestyles.
In 2015, world-wide synthetic vitamin E intake was approximately 100 kilo tons and might surpass 150 kilo tons in coming years, at over 4% CAGR. Furthermore, rising meat consumption and synthetic vitamin E will result in growth of animal feed and feed additives, that will in turn drive growth by 2024. Increasing nutraceutical demand, as a result of rising consumer awareness regarding improved nutrient intake, will also favor industry growth.
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Butylated hydroxytoluene (BHT) is useful in food & beverage applications due to its antioxidant characteristics, which makes it preferred to stabilize fats and to retain color, flavor and aroma. BHT is used as an antioxidant in gum, cereals, processed potatoes, fast food, snack foods and drink mixes. In addition, it is used in pharmaceuticals, cosmetics, food packaging, plastics and rubber.
However, BHT more than over 0.02% concentration in the food additive is categorized as GRAS by the FDA, as its excessive consumption is injurious and may damage lungs, kidneys and livers. Furthermore, countries including Romania, Japan, Australia and Sweden have banned the product use in food & beverage which may negatively influence cresols market share during future years.
Global cresols market share has a notable application in electrical & electronics and automotive sector owing to its capability to endure high temperature under mechanical stress with less bend or creep. The mentioned 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.
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Key report insights:
• In 2015, meta-cresols market revenue size was in excess of USD 160 million. These are used as a chemical intermediates of synthetic vitamin E. Increasing vitamin E demand owing to enhanced consumer lifestyle and eating habits shall drive industry growth.
• Para-cresols market is analyzed to witness 3% growth by 2024 owing to its application spectrum across pharmaceuticals, cosmetics, rubber and transformer oil.
• Chemical intermediates shall witness growth above 3.5% by 2024. Cresols are largely used as a chemical intermediate to produce vitamin E. Increasing vitamin E demand due to its applications in animal feed additive and human dietary supplement along with substantial rise in the chemical industry will further push cresols market size.
• Asia Pacific will experience highest gains owing to upgrading consumer life food habits, which results in increasing dietary supplement demand and will consequently propelling cresols demand share over the forecast timeframe. Asia Pacific will exhibit CAGR exceeding 3.5% in the same period.
• In 2015, cresols market share was highly consolidated and key industry players including Henan Hongye Technological Chemical, Lanxess, SABIC, Sasol Phenolics and Atul Ltd, accounted for over half the global demand share. Other industry participants are Rutgers
Chemicals, Dakota Gasification and Asahi Kasei Chemicals.
Partial Chapter of the Table of Content
Chapter 2 Executive Summary
2.1 Cresols industry 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Cresols Industry Insights
3.1 Cresols Industry Segmentation
3.2 Industry Size and forecast, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Industry Impact forces
3.4.1 Growth drivers
3.4.1.1 Increasing vitamin E demand
3.4.2 Industry pitfalls and challenges
3.4.2.1 Rising pressure on butylated hydroxytoluene
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 Company market share analysis, 2015
3.7.1 Strategic landscape
3.8 Price trend analysis
3.9 PESTEL analysis
Chapter 4 Cresols Product Insights
4.1 Cresols market share by product, 2015 & 2024
4.2 Meta-Cresols
4.2.1 Global market estimates and forecast, 2013 - 2024
4.2.2 Global market estimates and forecast, by region, 2013 - 2024
4.3 Para-Cresols
4.3.1 Global market estimates and forecast, 2013 - 2024
4.3.2 Global market estimates and forecast, by region, 2013 – 2024
4.4 Ortho-Cresols
4.4.1 Global market estimates and forecast, 2013 - 2024
4.4.2 Global market estimates and forecast, by region, 2013 – 2024
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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Cresols is an aromatic organic compound and obtained from coal tar or petroleum as a mixture of three stereoisomers i.e. Ortho Cresols, Meta Cresols and Para Cresols. It is generally referred as tricresol or cresolic acid and very toxic in nature. It is a strong dermal irritant and on inhalation by human, it may cause serious hazards such as dryness, nasal constriction, and throat irritation among others. However…
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