Zion Market Research, the market research group announced the analysis report titled ‘Global Cresols Market: Size, Trends, Industry Share and Forecast, 2016 – 2024’
Global Cresols Market: Overview
Cresols are also known as hydroxytoluene; they are organic compounds that are methyl phenol. They are categorized as phenolics and they are naturally occurring manufactured a group of aromatic organic compounds. Based on the temperature, cresols can be found in solid or liquid form owing to the fact that their melting points are not above the room temperature. Similar to the other types of phenols, they are oxidized slowly by long air exposure, and the cresols have a yellow to brown-red tint color owing to the impurities that it contains. As compared to other basic phenols cresols have a characteristic odor.
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Global Cresols Market: Segmentation
The global cresols market is segmented into its product, application, and regions. On the basis of product, the market is segregated into para-cresols, meta-cresols, and ortho-cresols. Based on the application, the market is categorized into chemical intermediates, preservatives, solvents, and antioxidants. The diversification on the basis of regions can be given by North America, Europe, Asia-Pacific, and Rest of the World.
Global Cresols Market: Growth Factors
The increasing utilization of vitamin E is one of the main factors that projects to stimulate the growth of the cresols market in the coming years. Besides, the changing lifestyle of the population and the increasing demand for cresols from the food and beverages industry estimates to pick up the pace of the growth of the overall cresols market. However, the growing awareness among the consumers about the healthy lifestyle and the proper intake of essential nutrients for a healthy body will encourage the growth of the market. This will offer many promising opportunities for market players that are involved in the business. Conversely, the rising stress on the butylated hydroxytoluene will restrict the growth of the global cresols market.
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Global Cresols Market: Regional Analysis
Among the other key regional segments, the North America market for cresols leads the global market and this dominance will remain in the coming years. The enlargement of the pharmaceuticals sectors in the region is one of the key factors that anticipate encouraging the growth of the North American market in the coming years. Additionally, the increasing demand for the packaged food predicts to accelerate the growth of the cresols market in this region. Asia Pacific region has a progressive growth rate in the cresols market. The factor that contributes to the market growth in the Asia-Pacific region is the enhancement in the food habits of the consumers. The growing disposable income of the middle-class population indirectly contributes to the market growth in the Asia-Pacific region. Europe too holds a good market share in the global cresols market.
Global Cresols Market: Competitive Players
Some of the key market players that are involved in the cresols market include Asahi Kasei Chemicals, Atul Ltd., Rutgers Chemicals GmbH., Lanxess AG, Sasol Phenolics, Henan Hongye Technological Chemical, Dakota Gasification Company, and SABIC Innovative Plastics.
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Cresols Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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