The global cresols market was estimated at $334.8 million in 2020 and is expected to hit $476.7 million by 2030, registering a CAGR of 3.6% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.  

According to the report published by Allied Market Research, the Cresols Market by Source (Natural and Synthetic), Product Type (Para-Cresol, Meta-Cresol and Ortho-Cresol), Application (Chemical Intermediate, Solvents, Preservatives and Antioxidants) and End use (Pharmaceuticals, Chemical, Paints and Coating, and Others): Opportunity Analysis and Industry Forecast, 2021-2030.  

Rise in demand for cresols in agriculture engineering and increase in applications of the product in paint & coating fuel the growth of the global cresols market. On the other hand, toxic nature of the substance restrains the growth to some extent. However, use of cresols in pharmaceuticals and combustion engines is anticipated to create lucrative opportunities in the industry. 

The key market players analyzed in the global cresols market report include ATUL Dakota Gasification Company, Lanxess AG, VDH CHEM TECH PVT. LTD., Konan Chemical Manufacturing Co., SABIC Sasol Limited Ltd., Mitsui Chemicals, Nanjing Datang Chemical Co., Ltd., and Anhui Haihua Chemical Technology Co., Ltd. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.