Global outlook For Cresols Market Share, application, Forecast 2016-2024

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Cresols Market share and Key Trends in terms of
volume and value 2016-2024 Fractovia
Cresols Market Size By Product (Meta-Cresols,
Para-Cresols, Ortho-Cresols), By Application
(Chemical Intermediates, Solvents, Preservatives,
Antioxidants), Industry Analysis Report, Regional
Outlook (U.S., Canada, Germany, UK, France,
Spain, Italy, China, India, Japan, Australia,
Indonesia, Malaysia, Brazil, Mexico, South
Africa, GCC), Application Potential, Price
Trends, Competitive Market Share Forecast, 2016
2024
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Overview

• The incessant efforts by governmental bodies to
  maintain environmental safety have led to the
  augmentation of non-halogenated flame retardants
  market
• The 2016 Songwon-Heraeus collaboration is an apt
  instance demonstrating the same.
• In June 2016, Songwon, a leading player across
  South Korea specialty chemicals market,
  collaborated with Heraeus, a Germany based firm
  specializing in metals, materials, medical
  technology, to promote its products across the
  semiconductor and electronics sectors.
• As per the agreement, both the firms are expected
  develop specialty chemical products such as alkyl
  phenols, plasticizers, polyurethanes, etc.,
  jointly with Songwon manufacturing the products
  and Heraeus promoting the same.
• Way back in November 2013, Laxness AG, a
  specialty chemicals industry giant based in
  Germany, had also increased its cresol producing
  capacity at its manufacturing plant at Leverkusen
  in Germany.

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U.S cresols market share, by application, 2015 -
2024 (USD Million)
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Product Trends

• Cresols find its applications as synthetic
  intermediates to dyes, plastics, pharmaceuticals,
  and pesticides. In addition to this, the
  derivatives of cresols which find applications as
  beta-blockers, calcium indicators, antiseptics,
  solvents, anti-oxidants, and household
  disinfectants, further contribute profoundly
  toward the business space. Reportedly, cresols
  market size from solvent applications application
  was valued at USD 35 million in 2015 and is
  expected to witness a lucrative roadmap over the
  coming seven years. High product penetration
  across the thriving polymer industry will provide
  new growth opportunities for cresols market.

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Regional Trends

• The Asia Pacific has been experiencing an
  escalating demand for dietary supplements in
  recent times, pertaining to the dynamic change in
  consumer lifestyles, which is certain to sketch a
  bright growth potential for Asia pacific cresols
  market in the years ahead. Estimates claim this
  industry to record a CAGR of more than 3.5 over
  the duration from 2016 to 2024.
• A recently compiled market study report states
  that cresols industry is projected to surpass a
  revenue of USD 474 million by 2024. This does not
  come as a surprise, given that the competitive
  profile of cresols market comprises of key
  companies such as Henan Hongye Technological
  Chemical Company Limited, Lanxess AG, Asahi Kasei
  Chemicals Corporation, Rutgers GmbH, SABIC
  Innovative Plastics, and Dakota Gasification
  Company

Competitive Trends
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