Cresols are an aromatic organic compound made up of three stereoisomers. They are derived from coal tar or petroleum as a combination of three stereoisomers: Para Cresols, Meta Cresols, and Ortho Cresols. It is also known as tricresol or cresolic acid, and it is extremely dangerous. It is a potent dermal irritant that, when inhaled by humans, can cause major problems including throat irritation, nasal constriction, and dryness amongst many other things. It is, nevertheless, widely utilized in a range of applications, including antiseptics, preservatives, disinfectants, and agrochemicals. Extensive use is likely to bolster growth of the global cresols market in the years to come.
Meta, Ortho, and Para cresol are stereoisomers of phenol derivatives that are commercially available. Cresol is made by two well-known methods, which are methylation of phenol with methanol and sulfonation of toluene followed by hydrolysis. Cresol made from toluene, on the other hand, is the favored industrial approach. It has a phenolic and sweet odor and appears as a liquid or a solid.
Cresol is a popular disinfectant, solvent, preservative, and wood preservative in the industry. Herbicides, antioxidants, photographic chemicals, insecticides, and explosives are all made from meta cresol. While para cresol is mostly utilized in the production of dyes, antioxidants, and aroma compounds, it is also employed in the production of other chemicals. Ortho cresol is used as a chemical intermediary, a medicinal intermediate, a solvent, and a disinfectant,.
Cresol's average price fluctuates amongst geographies and does not correspond to the volume-to-revenue ratio in each one. Cresol usage is predicted to rise because to rising demand for industrial lubricants, specialty chemicals, and pharmaceutical intermediates.
Another driver of the global cresol market is the increasing need for preservatives and antioxidants. The global cresols market's long-term sustainability is mostly determined by raw material prices and supply. Cresols market size will be fueled by rising vitamin E demand due to its extensive use in nutritional supplements as well as animal feed additives in the forthcoming years. However, because cresols are harmful air pollutants, the product is carefully regulated by the EPA, which is expected to limit the market share of cresols in the near future.
The global cresols market is single-handedly driven by the burgeoning demand for vitamin E. Vitamin E is primarily used for fortification of food and beverages and in dietary supplements. Changing lifestyles coupled with the increasing incidence of food adulteration is leading to the greater demand for dietary supplements. The opportunity in the global cresols market was worth US$ 283.92 Mn in 2018 and is poised to reach US$ 386.95 Mn by the end of 2027, progressing at a CAGR of 3.5% therein.
However, the market needs to overcome the increasing criticism of the pricing and consumption of butylated hydroxytoluene (BHT) in order to boost its growth rate. Moreover, stringent environmental regulations pertaining to the production, packaging, transportation, usage, and disposal of cresols is hampering the growth of the market. The Environmental Protection Agency (EPA) has listed cresols as hazardous air pollutant and they are, therefore, subjected to challenging regulatory pressures. On the other hand, the increasing usage of cresols for wider automotive applications is likely to shape the growth of the global cresols market.
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On the basis of application, the chemical intermediates segment will continue to dominate the market in terms of revenue until 2027, expanding at a rapid CAGR from 2019 to 2027. A large portion of cresols produced worldwide is used for the manufacturing of organic intermediates such as herbicides (dinitro cresols, MCPA, and MCPP), phenolic and epoxy resins and plasticizers (phosphate esters), deodorizing and odor-enhancing compounds, and pharmaceuticals.
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Based on product, the global cresols market is divided into para-cresol, meta-cresol, and ortho-cresol. Para-cresol will continue to be the leading revenue contributor until the end of 2027. It is primarily used in the production of antioxidants such as BHT. The rising demand for antioxidants for the manufacturing of food and beverages, cosmetics, pharmaceuticals, electrical transformer oil, and rubber is, therefore, augmenting the growth of the segment.
However, meta-cresol is expected to expand at a rapid CAGR during the forecast period. It is commercially used in fenitrothion and fenthion pesticides. It is also used as a precursor for synthetic vitamin E. Thus, the increasing demand for vitamin E is propelling the growth of the segment.
Asia Pacific to Retain Dominance Owing to Expansion of Chemical Sector
The key regional markets methodically examined in the report are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Asia Pacific was the leading segment in terms of value as well as volume in 2018 and will retain its position until 2027. The rapid expansion of the chemical and industrial sectors in China, Japan, and India coupled with the improving economic conditions is contributing to the growth of the region. Owing to this factor, the region is estimated to rise at a rapid CAGR in terms of revenue during the forecast period.
Asia Pacific will be followed by Europe. The presence of a large number of key players in the Europe region is providing a fillip to the market. The growth of Latin America can be attributed to the noteworthy growth of the nutraceutical market in Brazil. North America is anticipated to progress at a moderate pace during the same period.
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Some of the key players in the global cresols market are
Rising Inclination towards Vitamins and Dietary Supplements will Propel Growth of Cresols Market
The rise in the number of cases of food adulteration to cope with the changing lifestyle of people and the increasing demand for dietary supplements is likely to aid in expansion of the global cresols market. Perhaps the greatest factor driving the interest for cresols is expansion popular for nutrient E, which is utilized widely in enhancements and fortress of food varieties and refreshments. It is relevant to note here that as work day is getting longer, will and time to get ready full-fledge dinners from regular and new fixings is not any more a thing. An ever increasing number of individuals are searching for simple to burn-through and prepared to eat choices in food. In any case, since this prompts various inadequacies and medical problems, individuals are currently requesting sustained food and proficient enhancements for nutrients and minerals.
The bringing down degrees of fundamental supplements is likewise brought about by corruption in food noted, prompting lack in these supplements, adding to development of dietary enhancements. It is additionally essential to note here that the worldwide cresols market will likewise see development inferable from an expansion popular for cell reinforcements. Cresol is detailed from oil and coal tar, which are a portion of the significant segments of creosote, a wood additive. Expanding interest for nutrient E in food and dietary enhancements, attributable to rising purchaser center around a sound eating regimen, is likewise expected to drive item interest throughout the next few years.
The worldwide cresol market has seen the execution of rigid guidelines with respect to the antagonistic effect of its assembling cycle. Squander created in toluene-based cresol creation is harmful to the sea-going climate. Henceforth, industry members have zeroed in on squander the board before its release. Attributable to enormous extension in the mechanical areas of the absolute most amazing economies in the Asia Pacific (APAC) like India, China, and Japan, the district will diagram a great CAGR. The development can likewise be decently ascribed to the extension of the substance business around there. What's more, as these economies improve, they add to the development of district in a considerable way.
Global Cresols Market: Segmentation
This report on the global cresols market provides segmentation of the market based on product, application, and region
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1. Executive Summary: Global Cresols Market
2. Market Overview
2.1. Market Segmentation
2.2. Market Definitions
2.3. Market Trends
2.4. Market Dynamics
2.4.1. Drivers
2.4.2. Restraints
2.4.3. Opportunities
2.5. Porter’s Five Forces Analysis
2.6. Value Chain Analysis
2.7. Regulatory Landscape
3. Global Cresols Market Analysis and Forecast, by Product
3.1. Key Findings
3.2. Market Definitions
3.3. Global Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
3.3.1. Meta-cresols
3.3.2. Para-cresols
3.3.3. Ortho-cresols
3.4. Global Cresols Market Attractiveness Analysis, by Product
4. Global Cresols Market Analysis and Forecast, by Application
4.1. Key Findings
4.2. Market Definitions
4.3. Global Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
4.3.1. Chemical Intermediates
4.3.2. Solvents
4.3.3. Preservatives
4.3.4. Antioxidants
4.3.5. Others
4.4. Global Cresols Market Attractiveness Analysis, by Application
5. Global Cresols Market Analysis and Forecast, by Region
5.1. Global Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Region, 2018–2027
5.1.1. North America
5.1.2. Europe
5.1.3. Asia Pacific
5.1.4. Middle East & Africa
5.1.5. Latin America
5.2. Global Cresols Market Attractiveness Analysis, by Region
6. North America Cresols Market Analysis and Forecast
6.1. Key Findings
6.2. North America Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
6.3. North America Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
6.4. North America Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Country/Sub-region, 2018–2027
6.4.1. U.S.
6.4.2. Rest of North America
6.5. U.S. Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
6.6. U.S. Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
6.7. Rest of North America Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
6.8. Rest of North America Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
6.9. North America Cresols Market Share and Attractiveness Analysis, by Product
6.10. North America Cresols Market Share and Attractiveness Analysis, by Application
6.11. North America Cresols Market Share and Attractiveness Analysis, by Country/Sub-region
7. Europe Cresols Market Analysis and Forecast
7.1. Key Findings
7.2. Europe Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
7.3. Europe Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
7.4. Europe Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Country/Sub-region, 2018–2027
7.4.1. U.K.
7.4.2. France
7.4.3. Germany
7.4.4. Italy
7.4.5. Spain
7.4.6. Rest of Europe
7.5. U.K. Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
7.6. U.K. Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
7.7. France Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
7.8. France Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
7.9. Germany Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
7.10. Germany Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
7.11. Italy Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
7.12. Italy Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
7.13. Spain Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
7.14. Spain Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
7.15. Rest of Europe Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
7.16. Rest of Europe Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
7.17. Europe Cresols Market Share and Attractiveness Analysis, by Product
7.18. Europe Cresols Market Share and Attractiveness Analysis, by Application
7.19. Europe Cresols Market Share and Attractiveness Analysis, by Country/Sub-region
8. Asia Pacific Cresols Market Analysis and Forecast
8.1. Key Findings
8.2. Asia Pacific Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
8.3. Asia Pacific Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
8.4. Asia Pacific Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Country/Sub-region, 2018–2027
8.4.1. China
8.4.2. Japan
8.4.3. ASEAN
8.4.4. Rest of Asia Pacific
8.5. China Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
8.6. China Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
8.7. Japan Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
8.8. Japan Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
8.9. ASEAN Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
8.10. ASEAN Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
8.11. Rest of Asia Pacific Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
8.12. Rest of Asia Pacific Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
8.13. Asia Pacific Cresols Market Share and Attractiveness Analysis, by Product
8.14. Asia Pacific Cresols Market Share and Attractiveness Analysis, by Application
8.15. Asia Pacific Cresols Market Share and Attractiveness Analysis, by Country/Sub-region
9. Middle East & Africa Cresols Market Analysis and Forecast
9.1. Key Findings
9.2. Middle East & Africa Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
9.3. Middle East & Africa Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
9.4. Middle East & Africa Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Country/Sub-region, 2018–2027
9.4.1. GCC
9.4.2. South Africa
9.4.3. Rest of Middle East & Africa
9.5. GCC Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
9.6. GCC Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
9.7. South Africa Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
9.8. South Africa Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
9.9. Rest of Middle East & Africa Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
9.10. Rest of Middle East & Africa Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
9.11. Middle East & Africa Cresols Market Share and Attractiveness Analysis, by Product
9.12. Middle East & Africa Cresols Market Share and Attractiveness Analysis, by Application
9.13. Middle East & Africa Cresols Market Share and Attractiveness Analysis, by Country/Sub-region
10. Latin America Cresols Market Analysis and Forecast
10.1. Key Findings
10.2. Latin America Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
10.3. Latin America Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Country/Sub-region, 2018–2027
10.3.1. Brazil
10.3.2. Rest of Latin America
10.4. Brazil Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
10.5. Brazil Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
10.6. Rest of Latin America Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Product, 2018–2027
10.7. Rest of Latin America Cresols Market Volume (Kilo Tons) & Value (US$ Mn), by Application, 2018–2027
10.8. Latin America Cresols Market Share and Attractiveness Analysis, by Product
10.9. Latin America Cresols Market Share and Attractiveness Analysis, by Application
10.10. Latin America Cresols Market Share and Attractiveness Analysis, by Country/Sub-region
11. Competition Landscape
11.1. Competition Matrix, by Key Players
11.2. Global Cresols Market Share Analysis, by Company, 2018
11.3. Product Mapping
11.4. Company Profiles
11.4.1. Sasol Phenolics
11.4.1.1. Company overview
11.4.1.2. Product portfolio
11.4.1.3. Financial overview
11.4.1.4. Business strategy
11.4.1.5. Recent developments
11.4.2. Saudi Basic Industries Corporation (SABIC)
11.4.2.1. Company overview
11.4.2.2. Product portfolio
11.4.2.3. Financial overview
11.4.2.4. Business strategy
11.4.2.5. Recent developments
11.4.3. Lanxess AG
11.4.3.1. Company overview
11.4.3.2. Product portfolio
11.4.3.3. Financial overview
11.4.3.4. Business strategy
11.4.3.5. Recent developments
11.4.4. Dakota Gasification Company
11.4.4.1. Company overview
11.4.4.2. Product portfolio
11.4.4.3. Financial overview
11.4.4.4. Business strategy
11.4.4.5. Recent developments
11.4.5. RÜTGERS Group
11.4.5.1. Company overview
11.4.5.2. Product portfolio
11.4.5.3. Financial overview
11.4.5.4. Business strategy
11.4.5.5. Recent developments
11.4.6. Mitsui Chemicals, Inc.
11.4.6.1. Company overview
11.4.6.2. Product portfolio
11.4.6.3. Financial overview
11.4.6.4. Business strategy
11.4.6.5. Recent developments
11.4.7. Atul Ltd.
11.4.7.1. Company overview
11.4.7.2. Product portfolio
11.4.7.3. Financial overview
11.4.7.4. Business strategy
11.4.7.5. Recent developments
11.4.8. Nanjing Datang Chemical Co., Ltd.
11.4.8.1. Company overview
11.4.8.2. Product portfolio
11.4.8.3. Financial overview
11.4.8.4. Business strategy
11.4.8.5. Recent developments
11.4.9. Ardisons Oils & Electricals (P) Ltd.
11.4.9.1. Company overview
11.4.9.2. Product portfolio
11.4.9.3. Financial overview
11.4.9.4. Business strategy
11.4.9.5. Recent developments
11.4.10. Xiamen Hisunny Chemical Co., LTD.
11.4.10.1. Company overview
11.4.10.2. Product portfolio
11.4.10.3. Financial overview
11.4.10.4. Business strategy
11.4.10.5. Recent developments
12. Primary Research - Key Insights
13. Appendix
13.1. Research Methodology and Assumptions
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Cresols Market
