Cresols Market Trends

  • Report ID: 6037
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Cresols Market Trends

Growth Drivers

  • Rising need for preservatives - Some isomers of cresol, such as m-cresol, can be employed as inactive substances to act as preservatives in a variety of foods, wood and tobacco smoke, coal tar, crude oil, and chemical mixes. Studies show that more than 35% of customers actively look for natural preservatives since they value their clean label appeal and supposed health benefits.
  • Growing production of dyes and pigments - A member of the phthalein and sulphonphthalein dye family, cresol red is often referred to as o-cresol red, which is used as a tracking dye in DNA, RNA (agarose), and protein (polyacrylamide) electrophoresis, and unlike other dyes, it does not hinder reactions, and therefore it can be used with Taq polymerase. According to a recently published report, approximately one million tons of dyes are produced annually around the world.
  • Increasing preference for vitamins and nutritional supplements - The increase in the number of incidences of food adulteration to accommodate people's changing lifestyles, as well as the growing need for dietary supplements, is expected to aid in the expansion of the worldwide cresols market. The largest element driving interest in cresols is the growing popularity of nutrient E, which is widely used in the enhancement and fortification of food varieties and beverages.
    According to a study published by the National Library of Medicine in 2023, multivitamins (64.1%) were the most commonly reported form of dietary supplements consumed by respondents.
  • Increasing range of applications - Cresols are strong germicides that, in small amounts, also work well as antiseptics and disinfectants. They are frequently used in veterinary medicine and dentistry to remove pulp from teeth.

Challenges

  • Side effects associated with cresols - A well-known uremic toxicant, toluene metabolite, environmental contaminant, and product of accidental poisoning is cresol, which is extremely irritating to mice, rats, and rabbits' skin and eyes. Short-term inhalation exposure to aerosol and vapor mixtures causes respiratory tract irritation, minor lung hemorrhages, weight loss, and degeneration of the heart, liver, kidney, and nerve cells in humans, which can cause symptoms including dryness, tightness of the nose, and irritation of the throat.

    The main ways that people are exposed to cresols are through smoking cigarettes, breathing in air from homes heated by wood or coal, and inhaling car exhaust. Since they are corrosive compounds, cresols can be extremely dangerous, and high concentrations can result in internal burns and skin burns if consumed.
  • Varying feedstock prices - Cresols are a crucial chemical raw material that is derived from coal tar or petroleum feedstocks, and any fluctuation in the price of these materials can impact the overall production cost.

Cresols Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

3.9%

Base Year Market Size (2024)

USD 759.74 million

Forecast Year Market Size (2037)

USD 1249.3 million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 6037
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of cresols is evaluated at USD 783.44 million.

The cresols market size was over USD 759.74 million in 2024 and is poised to exceed USD 1249.3 million by 2037, witnessing over 3.9% CAGR during the forecast period i.e., between 2025-2037. The growing need for chemicals across the globe is expected to augment the demand for cresols, which are a manufactured group of chemicals that can be used in several applications.

Asia Pacific industry is anticipated to dominate majority revenue share of 45% by 2037, influenced by growing export of chemicals in the region.

The major players in the market include Samyoung Innovation Corp., Anhui Haihua Chemical Technology Group Co., Ltd., Dakota Gasification Company, Konan Chemical Manufacturing Co., Ltd., Lanxess AG, Merisol Group of Companies, Nanjing Datang Chemical Co., Ltd., Natura&Co, Nanjing Long Yan Chemical o., Ltd., RüTGERS Group, Sasol Limited, NovaBay Pharmaceuticals, Inc., Xiamen Hisunny Chemical Co., Ltd.
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample