Cresols Market Expected to Reach US$452.1 mn by 2023 : TMR


Posted January 7, 2016 by MOHITTMR

Cresols Market was valued at US$338.9 mn in 2014 and is anticipated to reach US$452.1 mn in 2023, expanding at a CAGR of 3.3% from 2015 to 2023
 
Cresols are aromatic organic compounds of monomethyl phenols that are widely used as precursors or chemical intermediates in the production of polymer resins, plasticizers, antioxidants, solvents, vitamin E, rubbers, pharmaceuticals, fragrances, dyes, and other chemicals. There are three forms of cresols: ortho-cresol (o-cresol), meta-cresol (m-cresol), and para-cresol (p-cresol). They differ slightly in their chemical structure. These forms occur separately or as a mixture.

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This report forecasts and analyzes the cresols market on global and regional levels. The study provides historic data for 2014 coupled with forecast from 2015 to 2023 based on volume (kilo tons) and revenue (US$ Mn). It includes drivers and restraints for the cresols market along with their impact on demand during the forecast period. Additionally, the study comprises opportunities available in the cresols market. Detailed value chain analysis has been included to provide a comprehensive view of the cresols market. Analysis of Porter’s Five Forces Model for the cresols market has also been included to help understand the competitive landscape in the market.

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The study analyzes the cresols market by segmenting it based on products, applications, and regions. Regional segmentation includes current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The segmentation comprises demand for cresols in products and applications across all regions. Product segmentation includes meta-cresols, para cresols, and ortho-cresols, while application segmentation comprises chemical intermediates, solvents, preservatives, antioxidants, and other applications.

Prices of cresols vary in each region. Hence, a similar volume-to-revenue ratio does not follow for each individual region. Regional average price has been considered while breaking down the market into product segments and applications in each region. Market numbers have been estimated based on demand for various types of cresols such as meta-cresols, para-cresols, and ortho-cresols and applications such as chemical intermediates, solvents, preservatives, antioxidants, and others. Other applications include fragrances and dyes. The chemical intermediate segment includes application of cresol in the synthesis of vitamin E, insecticide, herbicide, antioxidants, pharmaceuticals, and plant protection. The solvent segment includes application of cresol in wire enamels, whereas the preservative segment consists of pharmaceutical items such as injection solutions for insulin. Market size and forecast for each product segment and application have been provided in the context of the global and regional market. The cresols market has been analyzed based on expected demand. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers based on manufacturer feedback and application requirement.

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In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

The report also offers competitive landscape of the overall market with company profiles of players such as Sasol Phenolics, Saudi Basic Industries Corporation, Lanxess AG, Dakota Gasification Company, RÜTGERS Group, Mitsui Chemicals, Inc., Atul Ltd., Nanjing Datang Chemical Co., Ltd., VDH Chemtech Pvt. Ltd, Ardisons Oils & Electricals (P) Ltd., and Xiamen Hisunny Chemical Co., LTD. Detailed description of the company overview in terms of headquarters, inception, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments provides a thorough idea about the competitive positioning of players in the market.
This report segments the global cresols market as follows:

Cresols Market – Product Segment Analysis
Para-cresol
Meta-cresol
Ortho-cresol
Cresols Market – Application Analysis
Chemical Intermediates
Solvents
Preservatives
Antioxidants
Others (Including perfumes & dyes)
Cresols Market - Regional Analysis
North America
U.S.
Rest of North America
Europe
France
U.K.
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC
South Africa
Rest of MEA

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Last Updated January 7, 2016