Cresols Market - Asia Pacific to Retain Dominance Owing to Expansion of Chemical Sector, Research By 2023

Cresols are aromatic organic compounds of monomethyl phenols that are widely used as precursors or chemical intermediates in the production of polymer resins, plasticizers, antioxidants, solvents, vitamin E, rubbers, pharmaceuticals, fragrances, dyes, and other chemicals. There are three forms of cresols: ortho-cresol (o-cresol), meta-cresol (m-cresol), and para-cresol (p-cresol). They differ slightly in their chemical structure. These forms occur separately or as a mixture.

This report forecasts and analyzes the cresols market on global and regional levels. The study provides historic data for 2014 coupled with forecast from 2015 to 2023 based on volume (kilo tons) and revenue (US$ Mn). It includes drivers and restraints for the cresols market along with their impact on demand during the forecast period. Additionally, the study comprises opportunities available in the cresols market. Detailed value chain analysis has been included to provide a comprehensive view of the cresols market. Analysis of Porter’s Five Forces Model for the cresols market has also been included to help understand the competitive landscape in the market.

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The study analyzes the cresols market by segmenting it based on products, applications, and regions. Regional segmentation includes current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The segmentation comprises demand for cresols in products and applications across all regions. Product segmentation includes meta-cresols, para cresols, and ortho-cresols, while application segmentation comprises chemical intermediates, solvents, preservatives, antioxidants, and other applications.

Prices of cresols vary in each region. Hence, a similar volume-to-revenue ratio does not follow for each individual region. Regional average price has been considered while breaking down the market into product segments and applications in each region. Market numbers have been estimated based on demand for various types of cresols such as meta-cresols, para-cresols, and ortho-cresols and applications such as chemical intermediates, solvents, preservatives, antioxidants, and others. Other applications include fragrances and dyes. The chemical intermediate segment includes application of cresol in the synthesis of vitamin E, insecticide, herbicide, antioxidants, pharmaceuticals, and plant protection.

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The solvent segment includes application of cresol in wire enamels, whereas the preservative segment consists of pharmaceutical items such as injection solutions for insulin. Market size and forecast for each product segment and application have been provided in the context of the global and regional market. The cresols market has been analyzed based on expected demand. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers based on manufacturer feedback and application requirement.

In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

The report also offers competitive landscape of the overall market with company profiles of players such as Sasol Phenolics, Saudi Basic Industries Corporation, Lanxess AG, Dakota Gasification Company, RÜTGERS Group, Mitsui Chemicals, Inc., Atul Ltd., Nanjing Datang Chemical Co., Ltd., VDH Chemtech Pvt. Ltd, Ardisons Oils & Electricals (P) Ltd., and Xiamen Hisunny Chemical Co., LTD. Detailed description of the company overview in terms of headquarters, inception, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments provides a thorough idea about the competitive positioning of players in the market.

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