Cresols Market Size, Share, Trends, Growth and Forecast 2032

Methylphenols are a class of organic compounds that include cresols. They are phenol derivatives that have a methyl group affixed to the benzene ring, resulting in three isomeric forms: ortho-cresol (o-cresol), meta-cresol (m-cresol), and para-cresol (p-cresol). The methyl group's position in relation to the hydroxyl group on the benzene ring is the primary difference between these isomers. Cresols commonly occur in a variety of natural sources and are employed in a variety of industrial applications.

Cresols are an intermediate in the synthesis of a variety of pharmaceutical compounds and disinfectants, which in turn drives demand from the healthcare sector.

Zion Market Research has published a report on the global Cresols Market, estimating its value at USD 471.36 Million in 2023, with projections indicating that it will reach USD 649.15 Million by 2032. 

The market is expected to expand at a compound annual growth rate (CAGR) of 3.62% over the forecast period 2024-2032.

Among the other key regional segments, the North American market for cresols leads the global market and this dominance will remain in the coming years. The enlargement of the pharmaceuticals sectors in the region is one of the key factors that anticipate encouraging the growth of the North American market in the coming years. Additionally, the increasing demand for packaged food predicts to accelerate the growth of the cresols market in this region.

Asahi Kasei Chemicals, Atul Ltd., Rutgers Chemicals GmbH., Lanxess AG, Sasol Phenolics, Henan Hongye Technological Chemical, Dakota Gasification Company, and SABIC Innovative Plastics