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Cresylic Acid Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment; 2018 - 2028

08-27-2018 08:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Cresylic Acid Market: Global Industry Analysis 2013 - 2017

Introduction: Cresylic Acid Market

Cresylic acid is the mixture of methylphenol, ethylphenol, dimethyl phenol, and phenol. Cresylic acid is categories under the weak acid family, which is partly miscible in the aqueous solution and has low vapour pressure, on the basis of the flammability, cresylic acid are not flammable but it can burn when not stored under recommended conditions. Basically, cresylic acid is manufactured from the petroleum or from the coal tar in the refineries. The Cresylic acid is extracted and purified from the goal gasification process. Cresylic acid is present in various foods, essential oils, flower extracts, etc. in small proportion. On the basis of chemistry, Cresylic acids are an important chemical building block and chemical feedstock products which are used by the consumer in day to day life. Cresylic acid is used as a raw material for several manufacturing processes owing to their solvency properties and the unique reactivity with the others. The common application of the cresylic acid includes, manufacturers of resins, laminates, construction materials, etc.

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Owing to its highly toxic nature and corrosive application, safety measure are taken during the transportation of the cresylic acid from one place to other. Container should be kept at a warm place, preferably at a desired temperature and also away from the source of ignition. If the cresylic acid is stored at less than required temperature even for a shorter period of time, it may emit hazardous gases. During the cold seasons, appropriate heating of shipping containers is required for the storage of cresylic acid. Manufacturers have to take utmost care about packaging so that the cresylic acid remains stable and perfect for use after the shipping.

Market Dynamics: Cresylic Acid Market

Key application of the cresylic acid is in the production of Vitamin E. Rising demand of the vitamin E and collectively for broad application in animal feed additives to antioxidants for polymer, human nutritional supplements, are expected to be the key drivers for the growth of the cresylic acid market in the coming forecast period. Furthermore, healthy growth of chemical industries is expected to add growth to the cresylic acid market in the near future. The key players in the market have significant opportunity to hold maximum share in terms of value and volume. On the basis of the regional growth, China is expected to create more opportunities for the cresylic acid owing to increase in demand of the end use products of the cresylic acid.

Market Segmentation: Cresylic Acid Market

Cresylic acid market is segmented on the basis of isomer, application and end use industry

On the basis of isomer, the cresylic acid market is segmented as

Ortho Cresol
Para- Cresol
Meta Cresol
2,3 Xylenol
2, 4 Xylenol
Others
On the basis of application, the cresylic acid market segmented as

Construction Materials
Laminates
Power Tools
Plastic Circuit Boards
Can coatings
Chemical Intermediate
Mining
Oil Field Chemicals
Solvents
Electrical Motors
Others
Regional Outlook: Cresylic Acid Market

The prime factor for the growth of any region is largely dependent on the gross domestic product (GDP) which shows the economic health of the region. Currently, China and India were perceiving the prominent growth in the GDP owing to positive growth in industrial, agriculture as well as from the services sector. Increasing growth in regional economy, increasing foreign investment and similarly availability of the labour at cheap rate, are some of the key factors expected to create market growth in the Asia Pacific region from last couple of years and is expected to continue in the near term. North America and Western Europe is also expected to create positive footprint in the cresylic acid market owing to growth in the regional economy, innovative technologies which reduce the time interval of the process, etc.

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Some of the key players of the cresylic acid market are the

Sasol
Lanxess AG
SABIC
Asahi Kasei
SI Group
Nippon Crenol Co Ltd
Mitsui Chemicals Inc

ABOUT US:

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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