Cresol Market To Reach $952.1 Million By 2030 | CAGR: 3.8%

Cresol Market Growth & Trends

The global Cresol market size is expected to reach USD 952.1 million by 2030, expanding at a CAGR of 3.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing adoption of cresol derivatives as a precursor in the production of antioxidants in personal care and chemical intermediates are expected to drive product demand over the next eight years. 

The ability of vitamin E to minimize risks associated with heart attack, chest pain, and joint pain is anticipated to steer cresols demand over the forecast period. Vitamin E is majorly used as an antioxidant to prevent clotting and blood sugar problems. BHT is another important antioxidant derived from cresol isomers that find significance in the food, cosmetics, and chemical industries. 

Ortho isomer derivatives are majorly used in agrochemical and pesticide industries. Agrochemical segment accounted for over 27% of global ortho-cresol market volume in 2015. Growing concern towards crop protection and pest control is expected to drive product demand in agrochemical industry. 

Growing concern towards food shortage can be attributed to the lack of synergy between crop production and surging food demand in various regions of Asia Pacific and Europe. The ability of ortho and meta isomer derivatives to enhance the performance of pesticides is anticipated to drive product demand as plant growth regulators over the long term. 

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Cresol Market Report Highlights

• The global cresol market demand was 137.5 kilo tons in 2015 and is estimated to reach 187.1 kilo tons by 2024, growing at a CAGR of 3.5% from 2016 to 2024

• p-cresol dominated the market in 2023. p-cresol is the most commonly utilized form of cresol, mainly used in the production of pharmaceuticals and agricultural chemicals

• o-Cresol finds significance as a building block to produce herbicides, sealing material for electronics, and precursor for dye intermediates.

• Asia Pacific cresol market dominated the market in 2023 on account of growing product demand in the agrochemicals, vitamin E, and electronics sectors in the region.

Cresol Market Segmentation

Grand View Research has segmented the global Cresol market based on product, application, and region:

Cresol Product Outlook (Revenue, USD Million, Kilo Tons,2018 - 2030)  

• m-Cresol

• p-Cresol

• o-Cresol

Cresol Application Outlook (Revenue, USD Million, Kilo Tons, 2018 - 2030)

• m-Cresol

  • Agrochemicals & Pesticides

  • Vitamin E Supplements

  • Chemical Intermediates

  • Electronics Manufacturing

  • Others

• p-Cresol

  • Butylated Hydroxytoluene (BHT)

  • Antioxidants

  • Fragrance

  • Specialty Resins

  • Others

• o-Cresol

  • Agrochemicals and Pesticides

  • Antioxidants

  • Dyes

  • Electronics Manufacturing

  • Others

Cresol Regional Outlook (Revenue, USD Million, Kilo Tons,2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • UAE

  • Oman

  • Kuwait

  • Qatar

List of Key Players in Cresol Market

• Merck KGaA

• KANTO KAGAKU

• Mitsui Chemicals, Inc.

• Dorf Ketal

• LANXESS

• Vigon International, LLC.

• TCI AMERICA

• RICCA Chemical Company

• nacalai.com