Global Cresol Market 2018-2022
Cresol, also known as methyl phenol, is an organic compound obtained from coal tar or petroleum.
Technavio’s analysts forecast the global cresol market will post a revenue of more than USD 780 million by 2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global cresol market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cresol Market 2018-2022
Technavio recognizes the following companies as the key players in the global cresol market: Anhui Haihua Chemical Technology, Atul, LANXESS, Mitsui Chemicals, SABIC, and Sasol.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising demand for m-cresol. With the growing significance and the number of applications of m-cresol in various end-use industries, its penetration is rising in the market.”
According to the report, one driver in the market is growing end-use applications. The growing demand from applications such as agrochemicals, rubber manufacturing, cosmetics, pharmaceuticals, electronics, antioxidants, pesticides, dyes, and specialty resins is driving the global cresol market growth.
Further, the report states that one challenge in the market is stringent health and safety regulations. Despite cresol’s extensive applications in various end-use industries and a decent growth rate of global market, certain regulations are restricting its use and consumption.
Anhui Haihua Chemical Technology