Cresylic Acid Market Outlook, Trends, Regional Analysis, Top Companies, Growth Evolution From 2020 to 2025

Cresylic Acid Market share will be driven by increasing demand of these products from automotive and construction industries in emerging economies such as India & China. Para cresylic acid is widely used in manufacturing various types of carbon nanotubes such as single and double walled. The product offers affinity with water & high boiling point which helps in dispersion of carbon nanotubes at high concentration providing properties such as high viscoelastic strength and flexibility. In Japan, over 195 thousand fuel cell vehicles were sold in 2016 owing to stringent regulations to control fuel emissions. Rising technological trends in improving electric & vehicle battery life and pick up speed may boost the automobile industry.

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North America cresylic acid market size led by the U.S., and Canada may observe substantial growth during forecasted period owing to rise in geriatric population, increasing prevalence of autoimmune diseases, and increasing demand for vitamin E supplements. Cresylic acid isomer ortho cresol is widely used in the production of Vitamin E for usage in human nutrition & animal feed owing to antioxidant properties & compatibility with various delivery forms such as tablets and capsules.

Europe driven by UK, Germany, Italy, and France cresylic acid market size may witness substantiate growth during forecasted period. Increasing demand for electric and hydrogen fuel cars owing to supportive government initiatives such as exemption from vehicle & road maintenance tax may boost the market for para cresol an isomer of cresylic acid. It is widely used in manufacturing high performance carbon nano tubes as it aids in imparting flexibility while retaining strength.

Cresylic Acid Market, Company Profiles:

1. SABIC
2. Asahi Kasei
3. Nippon Crenol
4. Sasol
5. Atul
6. RÜTGERS
7. Dakota Gasification
8. SI group
9. Lanxess AG

Asia Pacific cresylic acid market demand led by China, India, and Japan may see significant growth during forecasted period. Increasing demand for animal derived products such as cheese, milk, eggs, white & red meat, caviar, cod liver oil, and fish roe may trigger the market for aromatic para cresol an isomer of cresylic acid.

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Rising demand for crude oil derivatives such as diesel, petrol, and gasoline owing to rising consumption in automotive and aviation industry is encouraging on shore and offshore oil exploration activities. Cresylic acid isomer meta cresol is widely used in oil well cleaning applications owing to its compatibility with the chemical alkoxyamine which helps in removing impurities such as kerosene and alkyl phenols which reduces quality of oil with respect to color and viscosity. In 2018, ExxonMobil’s oil exploration expenses were valued at over USD 1.2 billion in 2018 owing to increased oil demand & stringent regulations to extract and purify high quality petroleum products to reduce toxic emissions. Stringent government regulations on toxic fuel emissions has increased the frequency of oil well cleaning thus boosting the meta cresylic acid industry to maintain high quality in crude oil derivatives end products.

Cresylic Acid Market, By Application, 2014-2025 (Tons) (USD Million)

• Construction Materials
• Laminates
• Chemical intermediate
• Plastic circuit boards
• Power tools
• Can coatings
• Solvents
• Oil field chemicals
• Electric motors
• Others

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