Cresols Market Analysis

Cresols Market Analysis

Meta-cresols market size was valued at over USD 160 million in 2015. The product is used as a precursor of synthetic vitamin E. Inclining vitamin E demand on account of improved consumer eating habits will drive industry growth for the product. In addition, increasing meat consumption has driven animal feed and feed additives demand, which consequently will complement industry growth.
 

Para-cresols market share in analyzed to experience gains exceeding 3% over the forecast timeframe. It is primarily employed in the production of antioxidants such as BHT. Also, it is principally used in products such as cosmetics, pharmaceuticals, rubber and electrical transformer oil owing to boost industry share.
 

Solvent was valued at over USD 35 million in 2015. Meta-cresol is mainly used in dissolving polymers such as polyaniline. Growing polymers industry for its use in industrial application will ultimately drive cresols market size over the forecast timeframe.
 

Global cresols market size for chemical intermediates will witness highest gains more than 3.5% over the forecast timeframe. Cresols are mainly used as chemical intermediates in vitamin E production. Rising vitamin E consumption and its broad application array from human nutritional supplements, animal feed additives to antioxidant for polymers will drive industry growth. Furthermore, robust growth in chemical industries will further complement industry share by 2024.
 

North America, led by the U.S. cresol market size was valued more than USD 45 million in 2015. Growing pharmaceutical sector will drive the industry growth for chemical intermediates by 2024. In addition, the region has significant packed food demand, which will further complement growth for preservatives. Asia Pacific must witness highest growth of over 3.5%. The regional cresols market share will be driven mainly by improving consumer food habits.