4-Chloro-3-Methylphenol Market - Forecast(2024 - 2030)

4-Chloro-3-Methylphenol Market Overview

The Global 4-Chloro-3-Methylphenol Market size is estimated to grow at a CAGR of around 3.2% during the forecast period 2022-2027. 4-chloro-3-methylphenol, also known as chlorocresol, is a hydroxytoluene compound that appears as a pinkish to white crystalline solid with a phenolic odor. The compound has rich chemical properties due to which it is used as additives, preservatives, disinfectants and intermediates in the manufacturing of other products. Hence, the compound is used in end-use industries like automotive, construction, textiles, cosmetics, pharmaceuticals, rubber and plastics. Factors such as growing plastic production, increase in agrochemicals production, growing automotive production and increasing textile consumption are driving the growth of the global 4-chloro-3-methylphenol market. However, the toxic effect of this compound can cause serious health and environmental problems which can limit its usage, thereby causing a negative impact on the growth of the Global 4-Chloro-3-Methylphenol industry.

4-Chloro-3-Methylphenol Market COVID-19 Impact

4-Chloro-3-Methylphenol is hydroxytoluene that is majorly used in sectors like automotive, rubber and chemicals as additives and intermediates. The lockdown imposed to curb COVID-19 impact, disrupted industrial activities of the automotive, rubber and plastic sectors which decreased their productivity level. For instance, according to the International Organization of Motor Vehicles Manufacturer, in 2020, global motor vehicle production was 77.7 million units compared to 92.1 million units produced in 2019, showing a 15.6% decrease. Also, according to the Association of Natural Rubber Producing Countries, in 2020, world rubber production was 12.59 million tonnes showing a 10% decrease. Furthermore, according to American Chemistry Council, in 2020, the total chemical production in the US decreased by 3.6% while basic chemical production decreased by 1.3%. 4-chloro-3-methylphenol is majorly used as an additive in automotive paints, as a biocide for preserving rubber and as an intermediate in chemical production. Hence, the decrease in the production levels in these sectors reduced the demand for 4-Chloro-3-Methylphenol in them, which negatively impacted the growth of the Global 4-Chloro-3-Methylphenol Industry.

Report Coverage

The “4-Chloro-3-Methylphenol Market Report – Forecast (2022–2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Global 4-Chloro-3-Methylphenol Industry.

Key Takeaways

• Asia-Pacific dominates the Global 4-Chloro-3-Methylphenol Industry as the region consists of major economies like China and India. These economies consist of sectors like construction, plastic and textiles which are major end-users of 4-Chloro-3-Methylphenol.
• A hydroxytoluene compound like 4-Chloro-3-Methylphenol has high applicability in the textile sector where it is used as a preservative for preserving fibers and also in textile treatment products.
• 4-Chloro-3-Methylphenol has high industrial usage as an intermediate where it is used in various products like metals, coating products, fillers, putties, plasters and modeling clay.

Figure: Asia-Pacific 4-Chloro-3-Methylphenol Market Revenue, 2021-2027 (US$ Million)

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4-Chloro-3-Methylphenol Market Segment Analysis – by Form

Solid form accounted for approximately 65% of the Global 4-Chloro-3-Methylphenol Market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. 4-chloro-3-methylphenol in solid form is used as an additive in building materials like cement, putty and plaster, while it is used for preserving rubber and plastic products as a preservative. The growing industrial productivity in the construction, plastic and rubber sector has positively impacted the demand for hydroxytoluene compounds like 4-chloro-3-methylphenol. For instance, according to Mexico’s National Institute of Statistics and Geography, in Q2 of 2021, the construction industry in Mexico posted a high year-on-year growth rate of 33.8%. Also, according to PlasticEurope, in 2019, world plastic production was 368 million tonnes compared to 359 million produced in 2018. Moreover, according to the Association of Natural Rubber Producing Countries, in 2021, natural rubber production grew by 1.7% compared to 2020. The increase in output of construction, plastic and rubber sector will create more usage of 4-chloro-3-methylphenol as additives in building materials and as preservatives for rubber and plastic products. This will positively impact the Global 4-Chloro-3-Methylphenol Industry growth.

4-Chloro-3-Methylphenol Market Segment Analysis – by End-use Industry

The paints & coating segment accounted for approximately 21% of the global 4-Chloro-3-Methylphenol Market share in 2021. 4-chloro-3-methylphenol, also called chlorocresol, is majorly used in paints as a preservative as it is an antimicrobial agent that prevents microbial growth and unwanted chemical changes. The increase in demand for paints & coatings from various end-users has positively impacted the usage of 4-chloro-3-methylphenol in the paint & coatings sector. For instance, according to the British Coating Federation, in 2019, the UK sale of paints & coatings was valued at US$4.16 billion with 703 million liters being sold. Furthermore, according to China’s National Bureau of Statistics, in 2019, China’s paint sales were 24.16 million tonnes showing a 38.3% increase compared to 2016. Such an increase in sales of paints & coatings on account of growing demand will create more usage of hydroxytoluene compounds like 4-chloro-3-methylphenol in the paints & coating sector as preservatives. This will positively impact the growth of the Global 4-Chloro-3-Methylphenol Industry.

4-Chloro-3-Methylphenol Market Segment Analysis – by Geography

The Asia-Pacific region accounted for approximately 36% of the Global 4-Chloro-3-Methylphenol Market share in 2021. The region consists of major economies like China, India and Australia where the levels of industrial development have increased rapidly. For instance, according to the Australian Bureau of Statistics, in February 2022, the number of dwellings approved in Australia rose by 43.5% with private sector house approvals showing a 16.5% rise. Also, according to China National Coatings Industry Association, the annual output of the coatings industry reached 24.388 million tons showing a 2.6% increase. Moreover, according to India’s National Investment Promotion and Facilitation Agency, in 2021, the country’s share in the global specialty chemicals market increased to 4%. 4-chloro-3-methylphenol is used as an additive in cement and as a preservative for paints and specialty chemicals. The growing industrial output of China in plastic, Australia in construction and India in specialty chemicals sector will create more usage of hydroxytoluene compounds like 4-Chloro-3-Methylphenol in them, resulting in positive growth in the Global 4-Chloro-3-Methylphenol industry.

4-Chloro-3-Methylphenol Market Drivers

Growing Automobile Production

4-Chloro-3-Methylphenol is majorly used as a preservative in automotive products like automotive paints where it preserves the quality of the paints and increases their durability. The rapid increase in automotive production on account of growing global demand has positively impacted the demand for hydroxytoluene compounds like 4-chloro-3-methylphenol. For instance, according to the International Organization of Motor Vehicles Manufacturer, in 2021, global motor vehicle production was 80.1 million compared to 77.7 million produced in 2020, showing a 3% increase. The increase in the global production level of automotive will create more demand for 4-Chloro-3-Methylphenol to be used as preservatives in automotive paints. This will boost the growth of the Global 4-Chloro-3-Methylphenol Industry.

Increase in Agrochemicals Consumption

4-Chloro-3-Methylphenol, also known as chlorocresol, has high applicability in the agriculture sector where it is used as an intermediate in the manufacturing of agrochemicals, such as pesticides and germicides. The rapid increase in agricultural activities on account of the high demand for food items from the growing population has increased the consumption level of pesticides. For instance, according to a comprehensive report from Food and Agriculture Organization, in 2019, global pesticide consumption increased to 4.2 million tonnes showing a 36% increase compared to 2000. 4-chloro-3-methylphenol forms a major ingredient in pesticide manufacturing and the increase in pesticide consumption on account of growing agricultural activities will create more usage of 4-chloro-3-methylphenol in pesticide manufacturing. This will have a positive impact on the growth of the Global 4-Chloro-3-Methylphenol Industry.

4-Chloro-3-Methylphenol Market Challenge

Negative Impact on Health & Environment

4-Chloro-3-Methylphenol is highly toxic in nature. Exposure to the compound can cause serious skin burns and eye damage and the toxic fumes of 4-chloro-3-methylphenol, if inhaled, can lead to respiratory irritation. Such a compound comes in contact with the environment through industrial processes which causes environmental pollution, especially water pollution which leaves long-lasting harmful effects on aquatic life. Such negative impacts of hydroxytoluene compounds like 4-chloro-3-methylphenol on health and the environment make them hazardous and limit their usage. For instance, the REACH, regulation of the European Union, has termed 4-chloro-3-methylphenol a hazardous compound. This can decrease 4-chloro-3-methylphenol usage in certain industrial processes such as pesticides and specialty chemicals manufacturing, resulting in a negative impact on the growth of the Global 4-Chloro-3-Methylphenol industry.

4-Chloro-3-Methylphenol Industry Outlook

The companies continuously engage in mergers and acquisitions to develop a strong regional presence and strengthen their market position. The top 10 companies in the Global 4-Chloro-3-Methylphenol Market are:

1. Jiangsu Huanxin High-tech Materials Co.
2. Lanyachem Industries
3. Chemwing
4. VDH Chemical Pvt. Ltd.
5. N.S. Chemicals
6. Sigma Aldrich
7. Regenesis
8. Troy Corporation
9. Arch Chemicals
10. Clariant

Recent Developments

• In 2022, Troy Corporation, a global microbial control solution company, merged with Arxada, a global specialty chemicals maker. Such a tie would enable Arxada to create a comprehensive and innovative offering in its microbial control solution.
• In 2022, LANXESS’ Material Protection Product business unit has aimed to expand the capacity of chlorocresol which is an active ingredient of the company for disinfection & preservation by 50% within Q1.
• In 2021, Mitsui Chemicals Agro Inc. agreed to acquire the agrochemicals business of Meiji Seika Pharma Co. Ltd. Such an acquisition would increase Mitsui Chemicals' product portfolio in agrochemicals.

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