Market Research Reports

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. ...

The global cresols market is single-handedly driven by the burgeoning demand for vitamin E. Vitamin E is primarily used for fortification of food and beverages and in dietary supplements. Changing lifestyles coupled with the increasing incidence of food adulteration is leading to the greater demand for dietary supplements. The opportunity in the global cresols market was worth US$266.07 mn in 2016 and is poised to reach US$325.01 mn by the end of 2023, progressing at a CAGR of 3.3% therein. However, the market needs to overcome the increasing criticism of the pricing and consumption of butylated hydroxytoluene (BHT) in order to boost its growth rate. Moreover, stringent environmental regulations pertaining to the production, packaging, transportation, usage, and disposal of cresols is hampering the growth of the market. The Environmental Protection Agency (EPA) has listed cresols as hazardous air pollutant and they are, therefore, subjected to challenging regulatory pressures. ...