Cresols (also hydroxytoluene) are organic compounds which are methylphenols. In its chemical structure, a molecule of cresol has a methyl group replaced onto the ring of phenol. There are three forms (isomers) of cresol: ortho-cresol (o-cresol), meta-cresol (m-cresol), and para-cresol (p-cresol). Cresols are forerunners or synthetic intermediates to other compounds and materials, comprising plastics, pesticides, pharmaceuticals, and dyes.
According to the report analysis, ‘Global Cresol Market, 2021-2027’ states that Anhui Haihua Chemical Technology Co., Ltd., Atul Ltd., Chongqing Changshou Chemical Co., Ltd., Honshu Chemical Industries Co., Ltd., Jinneng Science & Technology Co., Ltd., Konan Chemical Manufacturing Co., Ltd., Lanxess AG, Lianyungang Keming Chemical Co., Ltd., Lianyungang Ningkang Chemical Co., Ltd., Mitsui Chemicals, Inc., Nanjing Datang Chemical Co., Ltd., NIPPON STEEL Chemical & Material Co., Ltd., Sasol Limited, Saudi Basic Industries Corporation (SABIC), Shandong Daguan Biochemical Technology Co., Ltd., Shouguang Tiancheng Fine Chemical Plant, VDH Chemtech Pvt. Ltd., among others are the foremost companies which presently operating in the global cresol market more efficiently for ruling around the globe, registering the great value of market share, generating the highest percentage of revenue, leading the highest market growth and obtaining the competitive edge by analysing the strategies and policies of government as well as similar entities, spreading the awareness connected to the applications and advantages of cresol, increasing the features and benefits of cresol, employing the young and active personnel, improving the qualitative and quantitative measures of such, implementing the policies of profit making and strategies of expansion and establishing the several research and development programs.
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On the basis of product, the ‘Global Cresol Market’ is classified into o-cresol, m-cresol and p-cresol. On the basis of application, the global cresol market is categorized into pharmaceutical, polymers, dyestuffs, flavours & fragrances, and chemical intermediates.
The effective growth in adoption of cresol derivatives as a precursor in the production of antioxidants in personal care and chemical intermediates are projected to propel product requirement over the next coming years. The effective growth in concern towards food shortage can be attributed to the shortage of synergy between crop production and surging food requirement in several regions of Asia Pacific and Europe. The capability of ortho and Meta isomer derivatives to improve the performance of pesticides is projected to propel product requirement as plant growth regulators over the long term.
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In addition, Cresol derivatives have obtained significance in the production of vitamin E and electronic encapsulation products. Surging requirement for computers, tablets, smartphones, and display devices is projected to propel the electronics industry over the review period. Although these sectors are niche applications for the product isomers, the electronics and food industries are both predicted to offer enormous growth potential for the market around Asia Pacific and Europe.
The effective growth in demand for vitamin E in food and dietary supplements, due to growing consumer focus on a healthy diet, is also projected to drive product requirement over the coming years. Therefore, it is predicted that during the review period the market of cresol will increase around the globe over the coming period.
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Ankur Gupta, Head Marketing & Communications