Ortho Cresol Market

Ortho Cresol Market Introduction:

Ortho cresol is an organic chemical that is widely used as an intermediate or precursor in the production of other chemicals. Due to the unique reactivity and solvency properties offered by ortho cresol, it is widely used as an intermediate in the manufacturing of other chemical compounds by the chemical, pharmaceutical, plastic, agrochemical and other end-use industries. Moreover, it is majorly used in the production of agrochemicals such as herbicides, fungicides and weedicides.

Besides agrochemicals, a large number of other products, such as resins, plastics, dyestuffs, pigments, flavour & fragrances, leather, paper and various others, are using ortho cresol as an intermediate chemical compound for production.

For such a broad spectrum of applications, the ortho cresol market is experiencing an increase in annual sales and continuous demand from end-use industries. More importantly, ortho cresol is known for its ‘readily biodegradable’ quality, which increases its preference by end-user industries that manufacture eco-friendly and biodegradable products by using biodegradable ingredients such as ortho cresol.

Ortho Cresol Market Dynamics:

Ortho Cresol Market Drivers:

The ortho cresol market is predominantly growing due to its ability to degrade biologically and for being ecologically safer as ortho cresol has less bio- or geo-accumulation potential. Therefore, with the rising global demand for environmentally safer chemicals and products, manufacturers are focusing on sustainable development by manufacturing with the help of chemicals that are safer for use, which include ortho cresol. Consequently, the demand for ortho cresol has increased and, as a result, the global market for ortho cresol is growing in terms of sales and consumption.

Besides being driven by its biodegradability, the ortho cresol market is rapidly growing because of the various types of applications it offers. Increasing population has resulted in rapid growth in agriculture, which is driving the demand for herbicides and fungicides. Ortho cresol is used as a key intermediate in the production of fungicides, herbicides and in various other agricultural applications. This application is acting as a major driver of the ortho cresol market.

Ortho Cresol Market Restraints:

Ortho cresols are poisonous to fishes and aquatic species. Therefore, the flowing off of ortho cresol-based agrochemicals from ground to water bodies can be harmful for water ecosystems. This is one of the factors hampering the growth of the ortho cresol market as organic and sustainable agronomists restrain from buying such ortho cresol-based agrochemicals.

Ortho Cresol Market Trends:

Ortho cresol has been predominantly used by the agrochemical end-use industry. However, ortho cresol cannot be used in the production of end-use consumer products as it is poisonous. However, there has been an increase in the applications of ortho cresol in other industries such as paper, textile, home care and others.

Ortho Cresol Market: Regional Outlook

The growing population in the Asia Pacific region is expected to result in growth in the per-capita consumption of ortho cresol. On the other hand, a shift in the patterns of agricultural production from conventional to organic in the North American and European regions has limited the usage of ortho cresol-based agrochemicals. However, the expansion of applications of ortho cresol in other industries is expected to boost the global demand for ortho cresol.

Ortho Cresol Market Participants

Some of the market participants identified across the value chain of the global ortho cresol market are:

• LANXESS
• North American Operations
• Medical Isotopes, Inc. USA
• Deepak Novochem Technologies Limited
• SATYAN PHARMACEUTICALS
• Karnataka Fine Chem
• NESHIEL CHEMICAL PVT. LTD.
• Atul Ltd
• DEZA a. s.
• Uralchimplast
• Nippon Steel & Sumikin Chemical Co., Ltd.
• Shanghai Experiment Reagent CO., LTD.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

Also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

•  Market Segments
•  Market Dynamics
•  Market Size
•  Supply & Demand
•  Current Trends/Issues/Challenges
•  Competition & Companies involved
•  Technology
•  Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Market potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint