openPR Logo
Press release

Cresols Market is anticipated to grow at over 3% CAGR by 2024 | Sasol Phenolics, Lanxess AG, SABIC Innovative Plastics, Atul Ltd

Cresols Market is anticipated to grow at over 3% CAGR by 2024 |

Pressing need of vitamin E as animal feed additives owing to the growing meat consumption across various developed and developing economies of the world is expected to provide a push to the cresols market in the upcoming years. Studies claim that the world consumes in total over 315 million tons of meat annually. In fact, the number has been predicted to rise up to 435 million tons every year.

This surge globally, has produced an escalating need for cresols, thereby adding to the overall market growth. On grounds of this, demand for meta-cresols has been dramatically rising over the past few years, reason being their use as chemical intermediates of synthetic vitamin E. besides, meta-cresols product segment seized a revenue share of USD 160 million in 2015.

Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/789

Vitamin E primarily enters the body either through consumption of food or beverages or via dietary supplements. Apparently, the demand for dietary supplements is driven by unbalanced food nutrition paired with improving consumer lifestyles and food habits. The average intake of vitamin E in 2015 was nearly about 100 kilo tons which was then expected to exceed 150 kilo tons over the span of four years.

Elaborating further on meta-cresols, it has been observed that these products are generally synthesized with the co-production of butylated hydroxytoluene, BHT, which is an essential element in F&B applications owing to its antioxidant characteristics. Adding to its positives, the lipophilic organic compound is also been considered Generally Recognized As Safe (GRAS) as a food additive with up to 0.02 per cent concentration by the Food and Drug Administration.

These compounds stabilize fats and retain flavor, aroma, and color of the food and are abundantly used in cereals, gum, cosmetics, plastics, food packaging, and rubber. However, use of BHT in more than 0.02 per cent concentration, has been labelled as injurious for human health as it might damage kidneys, liver, and lungs. And this is the reason for the ban of product in F&B items across countries such as Japan, Australia, Romania, and Sweden.

Aside meta-cresols, para-cresols market has also been touted to accrue substantial growth, say nearly 3 per cent through 2024, considering its applications across pharmaceutical, cosmetics, rubber, and transformer oil sectors.

Cresols have been poised to demonstrate notable applications across the automotive as well as electrical and electronics sector. This can aptly be credited to its capability of enduring high temperatures under mechanical stress with less creep or bend. These characteristics allow cresols to stand as an ideal choice in automotive brake pistons, natural gas valves, and pulleys.

Given that chemical intermediates have played an eminent role in meta cresol product, it is anticipated to witness prodigious growth of over 3.5 per cent over 2016-2024, thereby boosting the market dynamics. Global Market Insights, Inc., predicts that the global cresols market size would reach USD 474.2 million by 2024, exhibiting a growth rate of 3.4 per cent.

Request for an in-depth table of contents for this report @
https://www.gminsights.com/toc/detail/cresols-market

Regionally, Asia Pacific has been considered to witness prolific gains in the upcoming years perhaps due to the upgrading consumer lifestyle and food habits, producing an upsurge in dietary supplement demands, consequently propelling cresols market trends. As per estimates, APAC cresols market is likely to depict a CAGR of 3.5 per cent over 2016-2024.

The overall cresols industry is highly consolidated has boasts of the presence of market players including Lanxess, Henan Hongye Technological Chemical, Sasol Phenolics, Asahi Kasei Chemicals, Dakota Gasification, and multiple others. These players have been engaging themselves in various M&As, product launches, and facility expansion with an intent of scoring a competitive edge over other market rivals.

Browse More News:

https://www.globenewswire.com/news-release/2018/08/13/1550743/0/en/Cosmetics-Preservative-Market-worth-1-4bn-by-2024-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2018/08/13/1550649/0/en/Dipentene-Market-to-reach-1-9bn-by-2024-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2019/09/13/1915240/0/en/A-D-Chemical-Distribution-Market-to-cross-USD-5-Bn-by-2025-Global-Market-Insights-Inc.html

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.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cresols Market is anticipated to grow at over 3% CAGR by 2024 | Sasol Phenolics, Lanxess AG, SABIC Innovative Plastics, Atul Ltd here

News-ID: 2290135 • Views: 357

More Releases from Global Market Insights Inc.

Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application. The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil. Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024. Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care. Sulfosuccinates are mainly a mild type
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/233 Top Key Players in The Market are: Graphenea S.A., Applied Graphene Materials plc, ACS

All 5 Releases


More Releases for Cresols

Cresols (Ortho-Cresols, Meta-Cresols, and Para-Cresols) Market to See Incredible …
Cresols Market: Introduction 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
Cresols (Ortho-Cresols, Meta-Cresols, and Para-Cresols) Market Rugged Expansion …
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 it is
Cresols (Ortho-Cresols, Meta-Cresols, and Para-Cresols) Market to Witness Expone …
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 it is
Cresols (Ortho-Cresols, Meta-Cresols, and Para-Cresols) Market to Record an Expo …
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 it is
Cresols (Ortho-Cresols, Meta-Cresols, and Para-Cresols) Market Estimated to Flou …
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 it is
Global Cresols (Ortho-Cresols, Meta-Cresols, and Para-Cresols) Market Has Good O …
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 it is