Global Cresols Market share has a notable application in electrical & electronics and automotive sector owing to its capability to endure high temperature under mechanical stress with less bend or creep. The mentioned characteristics makes the product ideal in automotive brake pistons, pulleys and natural gas valves. This as a result, has opened new growth opportunities for cresols market from 2016 to 2024.
The inevitable initiatives undertaken by major corporations to expand existing capacities further has stimulated cresols market share. The 2016 Songwon-Heraeus collaboration is an apt instance demonstrating the same. In June 2016, Songwon, a leading player across South Korea specialty chemicals market, collaborated with Heraeus, a Germany based firm specializing in metals, materials, & medical technology, to promote its products across the semiconductor and electronics sectors. As per the agreement, both the firms are expected develop specialty chemical products such as alkyl phenols, plasticizers, polyurethanes, etc., jointly with Songwon manufacturing the products and Heraeus promoting the same.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/789
Way back in November 2013, Laxness AG, a specialty chemicals industry giant based in Germany, had also increased its cresol producing capacity at its manufacturing plant at Leverkusen in Germany. The capacity expansion raised the firm’s high-quality cresol contribution toward global specialty chemicals market by nearly 20%. This strategic move had significantly influenced the growth of cresols market in Germany back then.
Cresols find its applications as synthetic intermediates to dyes, plastics, pharmaceuticals, and pesticides. In addition to this, the derivatives of cresols which find applications as beta-blockers, calcium indicators, antiseptics, solvents, anti-oxidants, and household disinfectants, further contribute profoundly toward the business space. Reportedly, cresols market size from solvent applications application was valued at USD 35 million in 2015 and is expected to witness a lucrative roadmap over the coming seven years. High product penetration across the thriving polymer industry will provide new growth opportunities for cresols market.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/789
The Asia Pacific has been experiencing an escalating demand for dietary supplements in recent times, pertaining to the dynamic change in consumer lifestyles, which is certain to sketch a bright growth potential for Asia pacific cresols market in the years ahead. Estimates claim this industry to record a CAGR of more than 3.5% over the duration from 2016 to 2024.
North America cresols market share, on the other hand, is likely to be augmented on account of the escalating requirement for the preservation of food products. Stimulated by the ever-expanding pharmaceutical sector, this regional industry is expected to register appreciable gains ahead, having accrued over USD 45 million in 2015.
A recently compiled market study report states that cresols industry is projected to surpass a revenue of USD 474 million by 2024. This does not come as a surprise, given that the competitive profile of cresols market comprises of key companies such as Henan Hongye Technological Chemical Company Limited, Lanxess AG, Asahi Kasei Chemicals Corporation, Rutgers GmbH, SABIC Innovative Plastics, and Dakota Gasification Company.
Browse key industry insights spread across 90 pages with 146 market data tables & 12 figures & charts from the report, “Cresols Market Forecast, 2013 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/cresols-market
Browse Related Reports:
Carboxylic Acid Market Forecast, 2016 – 2024
Carboxylic Acid Market size was worth more than USD 13 billion in 2015 and will increase with an estimated gain of 5%. Global carboxylic acid market size growth is expected to be driven by the rising demand of vinyl acetate monomer or VAM, on the account of increasing demand of vinyl ester resins used to coat the surfaces of materials used to store and package food items and beverages. Vinyl esters, in turn, are produced by reaction of acetic acid with the corresponding vinyl acetate monomer (resin).
https://www.gminsights.com/industry-analysis/carboxylic-acid-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Media Contact
Company Name: Global Market Insights Inc.
Contact Person: Arun Hegde
Email:Send Email
Phone: 1 302-846-7766
Address:29L Atlantic Avenue, Suite L 105
City: Ocean View
State: Delaware
Country: United States
Website: https://www.gminsights.com/industry-analysis/cresols-market
