Cresol Market Demand Is Expected To Reach 187.1 Kilo Tons By 2024: Grand View Research, Inc.
New Market Research Reports Title “Cresol Market Analysis Size and Segment Forecasts to 2024” Has Been Added to Grand View Research Report Database
The global cresol market is expected to reach USD 795.7 million by 2024, 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.
Browse full research report on Global Cresol Market: http://www.grandviewresearch.com/industry-analysis/cresol-market
Further key findings from the report suggest:
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Grand View Research has segmented the cresol market on the basis of product, and region:
Global Cresol Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
Global Cresol Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
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