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Cresols Market Trends & Forecast, 2019 – 2024 | Rising Its Application Usage in Electrical, Electronics and Automotive Sector

Author : Ronak Bora | Published Date : 2019-08-07 
Global cresols market share has a notable application in electrical &electronics and automotive sector owing to its capability to endure high temperature under mechanical stress with less bend or creep. The mentioned characteristics makes the product ideal in automotive brake pistons, pulleys and natural gas valves. This as a result, has opened new growth opportunities for cresols market from 2016 to 2024.
 
Butylated hydroxytoluene (BHT) is useful in food &beverage applications due to its antioxidant characteristics, which makes it preferred to stabilize fats and to retain color, flavor and aroma. BHT is used as an antioxidant in gum, cereals, processed potatoes, fast food, snack foods and drink mixes. In addition, it is used in pharmaceuticals, cosmetics, food packaging, plastics and rubber. However, BHT more than over 0.02% concentration in the food additive is categorized as GRAS by the FDA, as its excessive consumption is injurious and may damage lungs, kidneys and livers. Furthermore, countries including Romania, Japan, Australia and Sweden have banned the product use in food &beverage which may negatively influence cresols market share during future years.
 

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Increasing vitamin demand in food &beverage fortification and dietary supplements will boost global cresols market size by 2024. Robust dietary supplement demand is chiefly driven by unbalanced food nutrition adulteration coupled with improving consumer food habits and lifestyles.

Escalating requirement of vitamin E as an animal feed additive due to high meat consumption will push Cresols Market value over the years to come. Booming animal feed additives sector, which is expected to cross the revenue of USD 22 billion by 2022, will further benefit the industry. As per Global Market Insights, Inc., “Cresols Market size is anticipated to hit USD 474 million by 2024.” Besides, its extensive applications across dyes, plastics, cosmetics, pesticides, rubber, and pharmaceuticals will boost market trends over the forthcoming years. Elevated demand for the product in electrical & electronics and automotive applications will uplift industry revenue over the span of few years.

Synthetic vitamin E intake, estimated at over 100 kilo tons in 2015, is forecast to grow at a CAGR of 4% over the coming seven years, thereby propelling cresols market outlook. High popularity of nutraceuticals, driven by high consumer awareness pertaining to the benefits of nutritious diet intake will spur cresols market expansion over the coming timeframe.

Cresols Market players will try to improve their ROI and extend their geographical presence through implementation of key business strategies such as product differentiation, mergers & acquisitions, and high R&D investments. Henan Hongye Technology Chemical Company Limited, Xiamen Hisunny Chemical Company Limited, Atul Limited, VDH Chemtech Private Limited, Lanxess Chemicals Company, Sasol Phenolics, Ardisons Oils & Electricals (P) Limited, Nanjing Datang Chemical Company Limited, SABIC, Rutgers Group, Mitsui Chemicals Incorporation, Asahi Kasei Corporation, and Dakota Gasification Company are the key participants of cresols industry.

 

Glimpse of Table of Content (ToC)

Chapter 3    Cresols Industry Insights

3.1     Cresols Market Segmentation

3.2     Cresols Market Size and forecast, 2013 - 2024

3.3     Cresols Market ecosystem analysis

3.3.1       Vendor matrix

3.4     Industry Impact forces

3.4.1       Growth drivers

3.4.1.1         Increasing vitamin E demand

3.4.2       Industry pitfalls and challenges

3.4.2.1         Rising pressure on butylated hydroxytoluene

3.5     Growth potential analysis

3.6     Porter’s analysis

3.7     Company market share analysis, 2015

3.7.1       Strategic landscape

3.8     Price trend analysis

3.9     PESTEL analysis

Chapter 4    Cresols Product Insights

4.1     Cresols market share by product, 2015 & 2024

4.2     Meta-Cresols

4.2.1       Global market estimates and forecast, 2013 - 2024

4.2.2       Global market estimates and forecast, by region, 2013 - 2024

4.3     Para-Cresols

4.3.1       Global market estimates and forecast, 2013 - 2024

4.3.2       Global market estimates and forecast, by region, 2013 – 2024

4.4     Ortho-Cresols

4.4.1       Global market estimates and forecast, 2013 - 2024

4.4.2       Global market estimates and forecast, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/cresols-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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