Further key findings from the report suggest:
The global cresol market demand was 137.5 kilo tons in 2015 and is estimated to reach 187.1 kilo tons by 2024, growing at a CAGR of 3.5% from 2016 to 2024
para-Cresol emerged as the leading product segment and accounted for 39.1% of total revenue in 2014. The segment is estimated to reach a net worth exceeding USD 300 million by 2024.
Global meta isomer & derivatives demand in electronic applications is expected to witness the fastest growth over the forecast period. The segment is anticipated to reach a total demand of 4.3 kilo tons by 2024.
Asia Pacific was the leading reagional market with demand share estimated at 42.9% in 2015. The region is also expected to witness the highest growth of 4.0% over the forecast period.
Key players operating in the industry include Sasol, Lanxess, SABIC, and Mitsui Chemical that have integrated the production of raw material, cresol isomers, and their derivatives. Other major industry participants include Atul Ltd., Datang Chemical, VDH Chemtech, Xiamen HiSunny, and Konan Chemical.
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