Cresol Prices

Cresol Prices September 2023

The price of cresol in USA for Q3 2023 reached 3090 USD/MT in September.

The price trend for cresol in Belgium was 3409 USD/MT in September 2023.

Cresol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Cresol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of cresol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of cresol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of cresol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing cresol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Cresol Market Analysis

The global cresol market size reached US$ 365.8 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 498.6 Million, at a projected CAGR of 3.50% during 2023-2032.

• Cresols play a vital role in the agrochemical sector, specifically in the development of pesticides and herbicides that are necessary for enhancing agricultural productivity and efficiency. The herbicides market size globally hit US$ 33.0 Billion in 2023. The IMARC Group anticipates the market will hit US$ 45.8 Billion by 2032, showing a compound annual growth rate (CAGR) of 3.7% from 2024 to 2032. The increasing global population is driving the demand for cresols to improve crop yields in order to meet the need for food, particularly in developing nations where agriculture plays a key role in the economy and is essential for food security. Chemicals derived from cresol play a crucial role in creating agrochemicals that are both more efficient and safer. They reduce the impact on the environment in agriculture by utilizing products that are less damaging to ecosystems. The development of eco-friendly and efficient agrochemicals based on cresol is motivated by sustainability objectives, ultimately effectively addressing agricultural and environmental demands.
• Cresols are used in multiple ways in the clean energy industry, such as being included in making insulation materials and specialty polymers crucial for solar panels and wind turbines. The growing demand for long-lasting and effective materials in solar and wind installations due to the worldwide move towards renewable energy to address climate change is positively influencing the market. Cresols play a key role in enhancing the durability and effectiveness of these substances, proving to be extremely valuable in this sector. The rising dedication of governments and corporations to decrease carbon footprints and support renewable resources is strengthening the market growth. In 2023, the Ministry of New & Renewable Energy in India gave the green light to 50 solar parks with a total capacity of approximately 37,490 MW in 12 different States nationwide. A total of 10,401 MW of solar projects were commissioned in the approved parks, with 284 MW commissioned in 2023 alone.
• The rising employment of cresols in producing artificial vitamin E, a key antioxidant utilized in pharmaceuticals, animal feed, and cosmetics, is bolstering the market growth. The increasing individual awareness about health and higher interest in dietary supplements are driving the demand for vitamin E. This trend is also supported by the growing number of older adults worldwide and the rise in chronic illnesses, leading to an increased need for antioxidants to improve overall health. Based on a 2024 US Census Bureau report, the number of people aged 65 and above is estimated to increase by 47%, reaching 82 million in 2050, up from 58 million in 2022. It also predicted a rise in the percentage of individuals in this demographic within the overall population, going from 17% to 23%.

Cresol News

The report covers the latest developments, updates, and trends impacting the global cresol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in cresol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the cresol price trend.

Latest developments in the cresol industry:

• August 2023: Scientists from the Leibniz Institute for Food Systems Biology discovered the human receptor OR9Q2 that detects para-cresol, a compound present in specific foods and animal urine, emitting a scent reminiscent of horse stables. This finding emphasized the importance of the receptor in both detecting food odors and facilitating animal communication.

Product Description

Cresol, or methylphenol, belongs to the phenol group of organic compounds and is commonly manufactured by either methylating phenol or distilling coal tar. It comes in different isomeric forms, like ortho-cresol, meta-cresol, and para-cresol are accessible, each possessing unique traits that render them valuable for various uses.

Cresol is significant because of its antiseptic qualities, which are beneficial for medical and hygienic uses. It is employed as a disinfectant and preservative in various environments, such as hospitals and pharmaceutical products. It is used in the chemical industry as a precursor for creating other substances, including herbicides, antioxidants, and fragrances. It is also utilized for manufacturing phenolic resins, recognized for their robustness, longevity, and ability to withstand high temperatures.

Regional Coverage

The report provides a detailed analysis of the cresol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the cresol price trend. 

Global Cresol Price

The report offers a holistic view of the global cresol pricing trends in the form of cresol price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of cresol but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed cresol demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Cresol Price

European cresol prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed cresol price information for a comprehensive list of countries.

North America Cresol Price

The analysis of cresol prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific cresol historical data within the United States and Canada can also be provided.

Middle East and Africa Cresol Price

The report explores the cresol pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on cresol prices for countries can also be provided.

Asia Pacific Cresol Price

The cresol pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This cresol price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Cresol Price

The analysis of cresol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of cresol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting cresol price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The cresol price charts ensure our clients remain at the forefront of the industry.