By Application (Phthalic Anhydride, Bactericides, Herbicides, Lube Oil Additives, and Others), End Use Industry (Automotive, Building and Construction, Paints and Coatings, Aerospace and Defense, Marine, Electrical and Electronics, Agrochemical, Oil and Gas, Chemical, and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Ortho-Xylene Market
The ortho-xylene market is expected to witness market growth at a rate of 5.76% in the forecast period of 2021 to 2028. Data Bridge Market Research report on ortho-xylene market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the construction industry is escalating the growth of ortho-xylene market.
Xylenes are petrochemicals manufactured by the catalytic reforming and coal carbonization procedure, which is further utilized in the manufacture of coke fuel. They are also utilized in several industries and medical technologies as solvents. Xylenes occur by nature in coal and wood tar, amongst others. Ortho-xylene is a commercial isomer of xylene. It is a hydrocarbon based on benzene with two methyl substituents bonded to the aromatic ring.
Major factors that are expected to boost the growth of the ortho-xylene market in the forecast period are the rise in the need as a transition for the manufacturing of PVC. Furthermore, increase in the widespread utilization of ortho-xylene in the paints and adhesive industries is further propelling the growth of the ortho-xylene market. Moreover, the upsurge development in the automobile industry is further estimated to accelerate the ortho-xylene market growth.
On the other hand, the utilization of naphthalene for the manufacturing of phthalic anhydride (PA) and the strict guidelines on the usage of ethylene is further anticipated to derail the growth of the ortho-xylene market in the timeline period. In addition, the rise in the paints and adhesive industry will further provide potential opportunities for the growth of the ortho-xylene market in the coming years. However, the detrimental neurological side effects of ortho-xylene might further challenge the growth of the ortho-xylene market in the near future.
This ortho-xylene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on ortho-xylene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Ortho-Xylene Market Scope and Market Size
The ortho-xylene market is segmented on the basis of application and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of application, the ortho-xylene market is segmented into phthalic anhydride, bactericides, herbicides, lube oil additives, and others. Phthalic anhydride is further sub segmented into alkyd resins, polyester resins, plasticizers, and others.
- On the basis of end use industry, the ortho-xylene market is segmented into automotive, building and construction, paints and coatings, aerospace and defense, marine, electrical and electronics, agrochemical, oil and gas, chemical, and others. Automotive is further sub segmented into passenger vehicles, commercial vehicles, and others. Building and construction is further sub segmented into residential, commercial, industrial, and others. Aerospace and defense is further sub segmented into commercial, military, and others. Marine is further sub segmented into cargo, passenger, supply vessels, and others. Agrochemical is further sub segmented into pesticides, disinfectants, and others.
Ortho-Xylene Market Country Level Analysis
The ortho-xylene market is analysed and market size, volume information is provided by country, application and end use industry as referenced above.
The countries covered in the ortho-xylene market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific dominates the ortho-xylene market due to the rise in the development in the chemical industry. Furthermore, the increase in the industrialization will further boost the growth of the ortho-xylene market in the region during the forecast period. Europe is projected to observe significant amount of growth in the ortho-xylene market due to the occurrence of major key players. Moreover, the rise in the adoption of ortho-xylene is further anticipated to propel the growth of the ortho-xylene market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ortho-Xylene Market Share Analysis
The ortho-xylene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ortho-xylene market.
The major players covered in the ortho-xylene market report are Braskem, Formosa Chemicals & Fibre Corp, Reliance Industries Limited, Exxon Mobil Corporation., Flint Hills Resources, SK Global chemical Co. Ltd., Honeywell International Inc., Puritan Products, LOTTE Chemical CORPORATION, MP Biomedicals, Nutan Chemicals, PTT Global Chemical Public Company Limited, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Doe & Ingalls, Sonoco Products Company, Total, Gadiv Petrochemical Industries Ltd, Cepsa, Royal Dutch Shell plc, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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