IMARC Group, a leading market research company, has recently releases report titled “Cresol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global cresol market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the cresol market?
Market Size in 2022
US$ 370.52 Million
Market Forecast in 2028
US$ 457.06 Million
Growth rate (2023 to 2028)
CAGR of 3.40%
Base Year of the Analysis
What is cresol?
Cresol refers to an organic compound of the phenol family that has the chemical formula C7H8O. It occurs in three different isomeric forms, namely ortho-cresol, meta-cresol, and para-cresol, depending on the position of the hydroxyl group on the aromatic ring. Although it can also be found in small amounts in natural products, such as coal tar and crude oil, prolonged exposure to high levels of cresol can lead to serious health issues, including liver and kidney damage and neurological problems. As a result, cresol usage requires appropriate safety measures and minimal exposure. At present, cresol finds extensive applications in various industrial processes as a solvent, disinfectant, and raw material to produce resins and dyes across the globe.
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What are the growth prospects and trends in the cresol?
The global cresol market is primarily driven by the rising product utilization in manufacturing pesticides and disinfectants that protect crops from pests and insects while promoting hygiene and cleanliness. Moreover, the increasing use of cresols as intermediates in producing various chemicals due to their unique properties is positively influencing the market growth. Additionally, the surging adoption of cresols in the livestock industry as a feed additive to improve animal health and prevent the growth of harmful bacteria has catalyzed the market growth.
Furthermore, numerous technological advancements, such as the development of green chemistry and biotechnology, are contributing to the market growth. Other factors, including rising investments in research and development (R&D) activities, increasing product utilization in the construction sector to produce resins and adhesives, and rapid expansion of the agrochemical industry, are also anticipated to propel the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
- Chemical Intermediate
End User Insights:
- Paints and Coatings
Breakup by Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Anhui Haihua Chemical Technology Group Co. LTd.
- Atul Ltd.
- Konan Chemical Manufacturing Co. Ltd.
- Lanxess AG
- Mitsui Chemicals Inc.
- Nanjing Datang Chemical Co. Ltd.
- Sasol Limited
- VDH Chem Tech Pvt. Ltd
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