Cresols Market Regional Analysis:
APAC Market Insights
Asia Pacific region in cresols market is expected to account for revenue share of around 45% by 2035. The market growth in the region is also expected on account of the growing export of chemicals. The region is one of the major exporters of chemicals worldwide with growing global competitiveness and has developed into a strategic pillar.
According to the OEC World, China became the world's top exporter of organic chemicals in 2022 with USD 110 billion worth of exports.
Besides this, the market for meta cresol is growing in Indian cities as the enterprises that manufacture chemicals and export them from the country are the primary producers of meta cresol in huge amounts.
Furthermore, there is a growing need for dietary supplements in Japan which is also known as the third-biggest market for dietary supplements in the world. For instance, in Japan, dietary supplements are being used more often; among healthy adults, the frequency is thought to be over 55%.
North American Market Insights
The North America region will also encounter tremendous market revenue for the cresols market during the forecast period and will hold the second position owing to the growing usage of pesticides.
Pesticides are widely used in the United States agriculture to manage diseases, weeds, and insect infestation, fertilizers, which may create a huge demand for m-cresols are mainly used as a pesticide intermediate. For instance, each year, more than 1 billion pounds of pesticides are used in the United States (US), and around 5 billion pounds are used globally.
Additionally, the Canadian food packaging business is expanding rapidly, which is partly due to customers' growing inclination to buy packaged goods from convenience and retail outlets.
