Cresol Market Demand Is Expected To Reach 187.1 Kilo Tons By 2024: Grand View Research http://www.vapormaxpascherchine.fr/ , Inc. Business Articles | July 27, 2016

New Market Research Reports Title “Cresol Market Analysis Size and Segment Forecasts to 2024” Has Been Added to Grand View Research Report Database



The global?cresol market?is expected to reach USD 795.7 million by 2024, according to a new report by Grand View Research, Inc. Increasing adoption of cresol derivatives as a precursor in the production of antioxidants in personal care and chemical intermediates are expected to drive product demand over the next eight years.?


The ability of vitamin E to minimize risks associated with heart attack, chest pain Nike Vapormax 2019 Pas Cher , and joint pain is anticipated to steer cresols demand over the forecast period. Vitamin E is majorly used as an antioxidant to prevent clotting and blood sugar problems. BHT is another important antioxidant derived from cresol isomers that find significance in the food, cosmetics, and chemical industries.?


Ortho isomer derivatives are majorly used in agrochemical and pesticide industries. Agrochemical segment accounted for over 27% of global ortho-cresol market volume in 2015. Growing concern towards crop protection and pest control is expected to drive product demand in agrochemical industry.?


Growing concern towards food shortage can be attributed to the lack of synergy between crop production and surging food demand in various regions of Asia Pacific and Europe. The ability of ortho and meta isomer derivatives to enhance the performance of pesticides is anticipated to drive product demand as plant growth regulators over the long term.?


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Further key findings from the report suggest:

The global cresol market demand was 137.5 kilo tons in 2015 and is estimated to reach 187.1 kilo tons by 2024, growing at a CAGR of 3.5% from 2016 to 2024 para-Cresol emerged as the leading product segment and accounted for 39.1% of total revenue in 2014. The segment is estimated to reach a net worth exceeding USD 300 million by 2024. Global meta isomer & derivatives demand in electronic applications is expected to witness the fastest growth over the forecast period. The segment is anticipated to reach a total demand of 4.3 kilo tons by 2024. Asia Pacific was the leading reagional?market with demand share estimated at 42.9% in 2015. The region is also expected to witness the highest growth of 4.0% over the forecast period. Key players operating in the industry include Sasol, Lanxess Nike Vapormax Pas Cher Homme , SABIC, and Mitsui Chemical that have integrated the production of raw material, cresol isomers, and their derivatives. Other major industry participants include Atul Ltd., Datang Chemical Nike Vapormax Pas Cher Enfant , VDH Chemtech, Xiamen HiSunny, and Konan Chemical.

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Grand View Research has segmented the cresol market on the basis of product, and region:


Global Cresol Product Outlook (Volume, Kilo Tons; Revenue Nike Vapormax Pas Cher Femme , USD Million, 2014 - 2024)

m-Cresol By application Agrochemicals & pesticides Vitamin E Chemical intermediate Electronics Others p-Cresol By application Butylated hydroxytoluene Antioxidant Fragrance Specialty resin Others o-Cresol By application Agrochemicals & pesticides Antioxidant Dyes Electronics Others

Global Cresol Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)

North America U.S. Europe France Germany UK Asia Pacific China India Middle East & Africa Central & South America

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