Pune, Maharashtra Jul 22, 2023 (Issuewire.com) - According to 24Chemicalresearch study titled "M-Cresol Market Professional Survey, Global Outlook and Forecast 2023-2030" The global M-Cresol market size was valued at USD 361.58 million in 2022 and is projected to reach USD 504.83 by 2030, growing at a CAGR of 3.56% from 2023 to 2030.
M-cresol is a cresol with the methyl substituent at position 3. It is a minor urinary metabolite of toluene. It has a role as a human xenobiotic metabolite.
M-Cresol, also known as meta-cresol or 3-methylphenol, is an organic compound with the chemical formula C7H8O. It is a colorless to pale yellow crystalline solid with a distinct phenolic odor. M-Cresol is one of the isomers of cresol, which are aromatic compounds derived from coal tar or petroleum. It is commonly used in various industries, including chemical synthesis, as a precursor for the production of resins, disinfectants, antioxidants, and other specialty chemicals. Additionally, it finds applications in the manufacture of pesticides, pharmaceuticals, and fragrances. M-Cresol is an important compound with diverse industrial uses due to its chemical properties and versatility.
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This report contains market size and forecasts of M-Cresol in global, including the following market information:
- Global M-Cresol Market Revenue, 2018-2023, 2023-2030, ($ millions)
- Global M-Cresol Market Sales, 2018-2023, 2023-2030, (K MT)
- Global top five M-Cresol companies in 2022 (%)
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million by 2030.
98% Purity Segment to Reach $171.82 Million by 2030, with a % CAGR in next six years.
The global key manufacturers of M-Cresol include Mitsui Chemicals, Dakota Gasification, SABIC, Konan Chemical Manufacturing, Anhui Haihua Chemical Technology, Ardison Oils, Merisol Group, Lanxess AG and Xiamen Hisunny Chemical, etc. In 2022, the global top five players have a share approximately 48% in terms of revenue.
We surveyed the M-Cresol manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global M-Cresol Market, by Type, 2018-2023, 2023-2030 ($ Millions) & (K MT)
Global M-Cresol Market Segment Percentages, by Type, 2022 (%)
- 95% Purity
- 98% Purity
Global M-Cresol Market, by Application, 2018-2023, 2023-2030 ($ Millions) & (K MT)
Global M-Cresol Market Segment Percentages, by Application, 2022 (%)
- Agrochemical
- Antioxidant
- Specialty Resin
- Others
Global M-Cresol Market, By Region and Country, 2018-2023, 2023-2030 ($ Millions) & (K MT)
Global M-Cresol Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Increasing Demand for Wood Preservation
The demand for wood preservation is on the rise due to several factors contributing to its importance:
Increasing Demand for Wood Products: Wood remains a highly sought-after material utilized in various industries, including construction, furniture manufacturing, and flooring. As the demand for wood products continues to grow, so does the need for effective wood preservation methods.
Protection Against Rot and Decay: Wood is susceptible to rot and decay, especially when exposed to moisture. To counter this issue, M-cresol has emerged as a potent preservative that inhibits the growth of mold and mildew, safeguarding wood from deterioration.
Availability and Affordability of M-Cresol: M-cresol is relatively abundant, and its increasing availability has made it more affordable. This accessibility is also a driving force behind the escalating demand for wood preservation applications.
Increasing Demand for Disinfectant
The demand for disinfectants is witnessing a notable surge due to various influential factors:
Growing Awareness of Hygiene: Hygiene awareness is gaining prominence across diverse settings such as hospitals, schools, and food processing plants. M-cresol stands as an effective disinfectant, capable of eradicating harmful bacteria and microorganisms responsible for diseases.
Impact of Population Growth and Urbanization: With an expanding population and rapid urbanization, the risk of disease transmission rises significantly. M-cresol's efficacy in disinfecting surfaces and objects plays a crucial role in preventing the spread of infections.
Expanding Applications of M-Cresol: M-cresol is finding new applications, such as disinfecting medical devices and treating wastewater. The versatility of M-cresol as a disinfectant is fueling its increasing demand in various sectors.
Increasing Demand for Perfume and Fragrance
The demand for perfumes and fragrances is experiencing an upsurge due to the following reasons:
Rise in Demand for Natural Fragrances: Consumers are increasingly drawn to natural fragrances devoid of synthetic chemicals. M-cresol, with its pleasant and woody aroma, serves as a natural fragrance ingredient, catering to this growing preference.
Long-Lasting Fragrance Appeal: Consumers seek fragrances that last throughout the day. M-cresol's relatively volatile nature ensures quick evaporation, contributing to its long-lasting fragrance appeal.
Expanding Applications of M-Cresol: The utilization of M-cresol in novel applications, such as air fresheners and fabric softeners, is boosting its demand in the perfume and fragrance industry.
Increasing Demand for Chemical Intermediate
The demand for chemical intermediates is witnessing a rise due to several influential factors:
Growing Demand for Various Chemicals: M-cresol serves as a key ingredient in the production of diverse chemicals, including vitamin E, antioxidants, and pesticides. The increasing demand for these chemicals is driving the need for M-cresol as a versatile chemical intermediate.
Exploration of New Chemical Applications: M-cresol's role as a chemical intermediate is expanding into new applications, driving its demand across various industries.
Stringent Environmental Regulations: With environmental regulations becoming more stringent for certain chemicals, manufacturers are turning to M-cresol as a safer and more eco-friendly alternative for chemical intermediates.
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies M-Cresol revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies M-Cresol revenues share in global market, 2022 (%)
- Key companies M-Cresol sales in global market, 2018-2023 (Estimated), (K MT)
- Key companies M-Cresol sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Mitsui Chemicals
- Dakota Gasification
- SABIC
- Konan Chemical Manufacturing
- Anhui Haihua Chemical Technology
- Ardison Oils
- Merisol Group
- Lanxess AG
- Xiamen Hisunny Chemical
- Sasol Limited
- Nanjing Datang Chemical
Recent Developments:
- May 22, 2023 Mitsui Chemicals and Sanyo Chemical establish a Limited Liability Partnership (LLP) for PPG Production
- Mar 29, 2023 Carbon Mobile and SABIC Collaborate to Unlock and Scale Advanced Carbon Composites in Connected Devices
- May 25, 2023 LANXESS doubles capacity for high-purity benzyl alcohol in North America
Get the Complete Report & TOC @ https://www.24chemicalresearch.com/reports/223937/m-cresol-market-2023
Table of content
1 Introduction to Research & Analysis Reports
1.1 M-Cresol Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global M-Cresol Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global M-Cresol Overall Market Size
2.1 Global M-Cresol Market Size: 2022 VS 2030
2.2 Global M-Cresol Revenue, Prospects & Forecasts: 2018-2030
2.3 Global M-Cresol Sales: 2018-2030
3 Company Landscape
3.1 Top M-Cresol Players in Global Market
3.2 Top Global M-Cresol Companies Ranked by Revenue
3.3 Global M-Cresol Revenue by Companies
3.4 Global M-Cresol Sales by Companies
3.5 Global M-Cresol Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 M-Cresol Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers M-Cresol Product Type
3.8 Tier 1, Tier 2 and Tier 3 M-Cresol Players in Global Market
3.8.1 List of Global Tier 1 M-Cresol Companies
3.8.2 List of Global Tier 2 and Tier 3 M-Cresol Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global M-Cresol Market Size Markets, 2022 & 2030
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