Cresols Market Expected to Reach US$452.1 mn by 2023, Driven by Demand in Chemical Intermediates

Transparency Market Research has published a new market report titled “Cresols Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global 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.

Demand for vitamin E is rising owing to its extensive application in dietary supplements, animal feed additives, etc. This, in turn, is anticipated to fuel growth of the cresols market during the forecast period. Cresols are subject to strict mandates from the Environmental Protection Agency (EPA) as they are harmful air pollutants. This is likely to be a restraining factor for the market growth in the near future. Increasing demand for cresols in industrial applications such as automotive and electronics is estimated to open up new growth avenues for the market.

Browse Full Market Research Report TOC: http://www.transparencymarketresearch.com/cresols-market.html

Para-cresols was the largest product segment of the cresols market in 2014, accounting for about 45% of the global cresols market followed by meta-cresols, in terms of volume. However, meta-cresols is expected to be the fastest-growing application segment of the cresols market during the forecast period owing to rising demand for vitamin E in dietary supplements.

Major applications of cresols include chemical intermediates, solvents, preservatives, antioxidants, and others. In terms of volume, chemical intermediates accounted for more than 60% share of the global cresols market in 2014. It is estimated to be the fastest-growing segment during the forecast period owing to significant demand from chemical industries in Asia Pacific and Europe. Rising demand for vitamin E in dietary supplements is expected to drive demand for cresols in the chemical intermediates segment in the near future.

Request For Sample Of This Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8383

In terms of volume, Asia Pacific dominated the global cresols market in 2014, accounting for more than 45% of the global cresols market. China’s economy has grown rapidly in the past 10 years. This trend is expected to continue during the forecast period. The country offers immense potential for the chemical sector. Growth in the chemical sector in China and other emerging countries in Asia Pacific is anticipated to fuel the cresols market in the next few years. In terms of volume, Europe is likely to be the second-fastest regional segment of the global cresols market during the forecast period.

The report segments the 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)

Key players in the cresols market include 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.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

Market Research Reports

Search This Blog