Cresols Market Set for Rapid Growth and Trend, by 2027

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Cresols Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2027

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Global Cresols Market Snapshot

• The global cresols market is single-handedly
  driven by the burgeoning demand for vitamin E.
•  Vitamin E is primarily used for fortification of
  food and beverages and in dietary supplements.
  Changing lifestyles coupled with the increasing
  incidence of food adulteration is leading to the
  greater demand for dietary supplements.
• The opportunity in the global cresols market was
  worth US 283.92 Mn in 2018 and is poised to
  reach US 386.95 Mn by the end of 2027,
  progressing at a CAGR of 3.5 therein.

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Para-cresol to Lead Revenue Generation through
2027 Due to Rising Demand for Antioxidants

• On the basis of application, the chemical
  intermediates segment will continue to dominate
  the market in terms of revenue until 2027,
  expanding at a rapid CAGR from 2019 to 2027. 
•  A large portion of cresols produced worldwide is
  used for the manufacturing of organic
  intermediates such as herbicides (dinitro
  cresols, MCPA, and MCPP), phenolic and epoxy
  resins and plasticizers (phosphate esters),
  deodorizing and odor-enhancing compounds, and
  pharmaceuticals.

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Asia Pacific to Retain Dominance Owing to
Expansion of Chemical Sector

• The key regional markets methodically examined in
  the report are North America, Europe, Asia
  Pacific, the Middle East and Africa, and Latin
  America.
• Asia Pacific was the leading segment in terms of
  value as well as volume in 2018 and will retain
  its position until 2027.
• The rapid expansion of the chemical and
  industrial sectors in China, Japan, and India
  coupled with the improving economic conditions is
  contributing to the growth of the region.
• Owing to this factor, the region is estimated to
  rise at a rapid CAGR in terms of revenue during
  the forecast period.

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Key Players in the Global Cresols Market

• Sasol Phenolics
• Lanxess Aktiengesellschaft
• SABIC Innovative Plastics
• Atul Ltd
• Henan Hongye Technological Chemical Co. Ltd.

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