Cresol Market Size, Share & Industry Analysis, By Product (Ortho-Cresol, Meta-Cresol, Para-cresol), By End-User Industry (Medical, Pharmaceutical, Chemical, Agrochemical, Industrial, Other) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI104895 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Cresols are methylphenols widely occurring natural as well as synthetic group of aromatic compounds classified as phenols. Cresols are often observed in liquid as well as solid state according to the temperature. Melting point if cresols is nearly the same as room temperature. Structurally, cresol is methyl group attached to phenol ring. Cresols are precursor to several important compounds including pharmaceuticals, plastic, dyes, and pesticides.

Increasing demand for cresol as precursor attributed to increasing demand for derivative compounds like BHT, MCPA, MCPB, mecoprop, tolimidone, amylmetacresol, and others shall drive the market growth. Additionally, increasing demand for synthetically developed Vitamin E is expected to drive the market.

However, inhalation and exposure to cresols can have significant detrimental effect on health including irritation and burning of skin, eyes, mouth, throat as well as abdominal pain and vomiting. This is expected to limit the market growth.

Key Market Driver -

increasing adoption of cresol as precursor.

Key Market Restraint -

Negative health effects on exposure.

Market Segmentation:

Based on product the market is segmented into ortho cresol, meta cresol, and para cresol. Based on end-user industry, market is segmented into medical, pharmaceutical, chemical, agrochemical, industrial, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global cresol market consists of global & regional players operating. Some of the key players in the market include, Lanxess AG, Atul Ltd, Anhui Haihua Chemical Technology Co., Ltd, Mitsui Chemicals, Mitsui Chemicals Inc, Nanjing Datang Chemical Co., Ltd, Konan Chemical Manufacturing Co., Ltd., Sasol Ltd, SABIC, and others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Cresol Market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to hold largest share in market. Large manufacturing base for chemical industries is likely to boost the regional growth. North America is expected to show significant growth attributed to increasing demand from industrial and agrochemical sector. Europe shall exhibit considerable growth due to the high demand from medical and pharmaceutical sector. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.

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Segmentation

ATTRIBUTES	DETAILS
By Product	Ortho-Cresol Meta-Cresol Para-cresol
By End-User Industry	Medical Pharmaceutical Chemical Agrochemical Industrial Other
By Geography	North America (U.S., and Canada) Europe (Germany, UK, France, Italy, and Rest of Europe) Asia Pacific (China, India, Japan, and Rest of Asia Pacific) Latin America (Mexico, Brazil, and Rest of Latin America) Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)

Cresol Industry Developments

In November 2019 Lanxess, a specialty chemical company and one of the major producer of m-cresol announced force majeure on m-cresol due to unanticipated technical issues.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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