Cresylic acid market forecast to witness phenomenal growth opportunities by 2025 - PowerPoint PPT Presentation

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Cresylic acid market forecast to witness phenomenal growth opportunities by 2025

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Global cresylic acid market share is consolidated as market consist of limited players. Companies such as SABIC, Asahi Kasei, RÜTGERS, Nippon Crenol, Sasol, SI group, and Lanxess AG are key players in this market. – PowerPoint PPT presentation

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Title: Cresylic acid market forecast to witness phenomenal growth opportunities by 2025


1
Cresylic Acid market share research by
applications and regions for 2019-2025 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Overview of Cresylic Acid market
  • Europe driven by UK, Germany, Italy, and France
    cresylic acid market size may witness
    substantiate growth during forecasted period.
    Increasing demand for electric and hydrogen fuel
    cars owing to supportive government initiatives
    such as exemption from vehicle road maintenance
    tax may boost the market for para cresol an
    isomer of cresylic acid. It is widely used in
    manufacturing high performance carbon nano tubes
    as it aids in imparting flexibility while
    retaining strength. In Germany sales volume of
    electric cars were 65 thousand units in 2018
    owing to rising consumer awareness on environment
    sustainability and supportive government policies
    such as subsidies and tax exemptions for electric
    and hybrid vehicles. Stringent government
    initiatives on electrical vehicle hybrid
    vehicles manufactures to produce high quality
    electric motors and fuel cells may enhance
    cresylic acid demand.
  • Cresylic acid is widely used in manufacturing
    electronic circuit boards for gadgets such as
    laptops, tablet systems, home appliances
    mobiles as it used for initial phase cleaning of
    circuit board to remove impurities thereby
    enhancing battery life. Increasing research
    trends in electronics industry such as automation
    and miniaturization of circuits to reduce weight
    may boost the overall electronics market. In
    U.S., the sale of electronics and appliances was
    valued at above USD 95 billion in 2017 owing to
    rising inclination to purchase latest
    technological products. The product is used as a
    major component in the manufacturing of different
    types of circuit boards such as single sided,
    double sides, rigid, flexible, and multilayer
    thereby providing durability, and reducing power
    wastage which positively impact cresylic acid
    market demand.

3
Continue
  • Increasing demand of these products from
    automotive and construction industries in
    emerging economies such as India China may
    foster cresylic acid market share. Para cresylic
    acid is widely used in manufacturing various
    types of carbon nanotubes such as single and
    double walled. The product offers affinity with
    water high boiling point which helps in
    dispersion of carbon nanotubes at high
    concentration providing properties such as high
    viscoelastic strength and flexibility. In Japan,
    over 195 thousand fuel cell vehicles were sold in
    2016 owing to stringent regulations to control
    fuel emissions. Rising technological trends in
    improving electric vehicle battery life and
    pick up speed may boost the automobile industry.
  • Rising demand for crude oil derivatives such as
    diesel, petrol, and gasoline owing to rising
    consumption in automotive and aviation industry
    is encouraging on shore and offshore oil
    exploration activities. Cresylic acid isomer meta
    cresol is widely used in oil well cleaning
    applications owing to its compatibility with the
    chemical alkoxyamine which helps in removing
    impurities such as kerosene and alkyl phenols
    which reduces quality of oil with respect to
    color and viscosity. In 2018, ExxonMobils oil
    exploration expenses were valued at over USD 1.2
    billion in 2018 owing to increased oil demand
    stringent regulations to extract and purify high
    quality petroleum products to reduce toxic
    emissions. Stringent government regulations on
    toxic fuel emissions has increased the frequency
    of oil well cleaning thus boosting the meta
    cresylic acid market to maintain high quality in
    crude oil derivatives end products.

4

Browse Full Research Report On Cresylic Acid
market _at_ https//bit.ly/2Lc4ukE Request
for an in-depth table of contents for this report
_at_ https//bit.ly/2LbLPp0 .com/request-toc/upcomin
g/1797
5
Continue
  • North America cresylic acid market size led by
    the U.S., and Canada may observe substantial
    growth during forecasted period owing to rise in
    geriatric population, increasing prevalence of
    autoimmune diseases, and increasing demand for
    vitamin E supplements. Cresylic acid isomer ortho
    cresol is widely used in the production of
    Vitamin E for usage in human nutrition animal
    feed owing to antioxidant properties
    compatibility with various delivery forms such as
    tablets and capsules. According to U.S. census
    bureau, total population over the age of 65 was
    over 45 million in 2016. Increasing cases of
    musculoskeletal problems vision deterioration
    in geriatric population as vitamin E cannot be
    synthesized naturally in the body will accelerate
    cresylic acid market share.
  • Asia Pacific cresylic acid market demand led by
    China, India, and Japan may see significant
    growth during forecasted period. Increasing
    demand for animal derived products such as
    cheese, milk, eggs, white red meat, caviar, cod
    liver oil, and fish roe may trigger the market
    for aromatic para cresol an isomer of cresylic
    acid. Beef consumption in Hong Kong was valued at
    500,00 metric tons of beef in 2018 owing to
    rising consumer inclination to try different
    types of cuisine and increasing awareness on
    potential benefits of red meat. Increasing
    consumer awareness on overall animal health,
    nutrition, and importance of balanced animal feed
    for high quality end products may stimulate
    regional market share.

6
Continue
  • Global cresylic acid market share is consolidated
    as market consist of limited players. Companies
    such as SABIC, Asahi Kasei, RÜTGERS, Nippon
    Crenol, Sasol, SI group, and Lanxess AG are key
    players in this market.

7
Methodology
  • Market
    research reports Key analytical components

8
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