Global Cresol Market
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Global Cresol Market was value US$ XX Mn in 2019 and is projected to reach US$ XX Mn by 2027 at a CAGR of XX %.
Increasing adoption of cresol derivatives as a raw material or reactant in the production of antioxidants in personal care and chemical intermediates are expected to drive product demand over the forecast period. Growing demand for efficient stabilizers in the chemical industry and pesticides production is expected to drive product demand over the forecast period. Stringent regulations regarding the adverse impact of a cresol manufacturing process and waste generated in the toluene based cresol production are toxic to the aquatic environment restrains the global cresol market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
P-Cresol segment led in 2017 and is estimated to grow at a moderate CAGR of 3.0%. P-Cresol is largely consumed in the production of butylated hydroxytoluene, an antioxidant which is used in the food, cosmetics, and pharmaceuticals sector. M-Cresol acts as a chemical intermediate for the synthesis of resole that are used in brake and clutch linings. Anti-microbial characteristic of meta isomer has witnessed significant growth in antiseptic and disinfectant applications.
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Last Update : 03 July 2020
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