The Global Cresol Market is expected to grow from USD 448.636 million in 2025 to USD 527.997 million in 2030, at a CAGR of 3.31%.
.
In Cresol, hydroxytoluene is extracted either naturally from coal tar or synthetically. The chemical is available in the form of ortho, meta, and para cresols to be utilized in many end-user industry verticals. Many are utilized as intermediates to other compounds such as plastics, pesticides, and disinfectants. Using agrochemicals such as herbicides for sustainable farm management is expected to fuel the market growth in the forecast period.
Using cresols as preservatives in pharmaceutical formulations such as insulin and vaccines is significantly impacting the market growth in the forecast period and the growing pharma industry. The growing trend of adopting eco-friendly products is a further impetus to fuel the market growth in the forecast period, owing to the high aerobic biodegradation rate and low bioaccumulation potential of cresols.
Based on Geography, North America and Europe are estimated to hold a significant market share in the global cresol market owing to the early adoption of technology and innovations. In addition, major market players are based in this region. Additionally, Europe, particularly Western Europe, is the major consumer of o-cresol in the form of a chemical intermediate.
These are mostly used to formulate products, including adhesives, disinfectants, and cleaning products. On the other hand, the Asia Pacific region will witness a high market growth rate during the forecast period due to the presence of a large population base for the consumption of agricultural food products, especially in China and India. Hence, using cresols in pesticides and other agrochemicals is burgeoning the market demand in the forecast period. Additionally, with a large population suffering from non-communicable diseases such as diabetes, the use of cresols in pharmaceutical formulations is expected to increase during the forecast period.
It has been significantly assessed that cresols pose no risk in terms of exposure; hence, the chemical has reduced toxicity in the general population. According to the screening assessment of cresols by the Government of Canada, cresols are released into the air and into surface waters and soil. With high water solubility, moderate vapour pressure, and low to moderate sorption potential, cresols are readily biodegradable and have a low bioaccumulation potential. Hence, the exposure potential of these compounds to the organisms is highly reduced. The phenolic compounds are known to demonstrate low to moderate toxicity. At the same time, in the laboratory, many aquatic and terrestrial organisms can metabolize and excrete cresols, reducing the chances of adverse effects. The quantitative analysis predicted that the industries' highest concentrations of cresols in the environment occurred. However, these are expected to be much lower than the experimentally determined no-effect levels. The quantitative analysis predicted that industries would have the highest concentrations of cresols in the environment; however, these are expected to be much lower than the experimentally determined no-effect levels.
Cresol is used as a raw material for many chemical products, including electronic chemicals, solvents, and disinfectants. The global chemical industry, excluding pharmaceuticals, is predicted to surge by over 2% in 2019 from the previous year. China from the APAC region is anticipated to be the world's largest chemical market and thus strongly impacts the global growth rate. It comprises the largest share of approximately 40% of the global total, accounting for over 50% of the chemical growth worldwide. The growing supply chain spending in the chemical industry further contributes to global GDP growth, propelling the market growth in the forecast period. Around two-thirds of the amount spent by the chemical companies was from the APAC region. Furthermore, manufacturers investing heavily in R&D on a global level are providing an impetus for the growth of the market for chemicals during the forecast period.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Cresol Market Size in 2025 | US$448.636 million |
| Cresol Market Size in 2030 | US$527.997 million |
| Growth Rate | CAGR of 3.31% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Cresol Market |
|
| Customization Scope | Free report customization with purchase |
Cresol Market Segmentation: