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Rise in demand for nutraceuticals to fuel the Para Cresol market

Harshal Deshmukh
 


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Para cresol is an organic compound and a derivative of phenol that is widely used in the production of other chemicals. It is produced through two process: sulfonation of toluene and chlorination of toluene. Para cresol is widely used in the production of antioxidants such as butylated hydroxy toluene (BHT), anisaldehyde, and other intermediates. In addition, it is used in various other applications such as odor agents, paints & coatings, aroma ingredients, sunscreen, resins, and cleaning & degreasing agents. It also finds application in production of plant protection agents, animal feed additives, pharmaceuticals, binding agents, adhesives, fillers, preservatives, and dyestuffs.

The global para cresol market can be segmented based on application and region. In terms of application, the market can be classified into chemical intermediates, antioxidants, solvents, and preservatives. Antioxidants is a leading segment of the para cresol market. Increase in demand for vitamin E in dietary supplements due to a rise in health concerns across the globe, change in food habits, and depletion of nutrition in food due to adulteration are driving demand for dietary supplements. This, in turn, is expected to boost the para cresol market in the coming years. Furthermore, rise in demand for nutraceuticals, typically in the U. S. and Europe, owing to a rise in consumer awareness regarding nutrient consumption is projected to fuel the market during the forecast period.

In terms of region, the global para cresol market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific is a leading region of the para cresol market, followed by Europe and North America. In Asia Pacific, developing economies and sub-regions such as China, India, and ASEAN are expected to record positive sales during the forecast period, primarily due to an increase in demand for vitamin E, agrochemicals, and coatings in the region. In addition, rising disposable incomes, changing consumer lifestyles, and increase in demand for antioxidants due to rise in awareness about health care are likely to fuel the para cresol market in the region.

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