Press release
Ortho-Xylene Market Study 2020 Splendid Growth By Leading Players Are SK Global chemical Co. Ltd., Honeywell International Inc., Puritan Products, LOTTE Chemical CORPORATION
Ortho-Xylene Market
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Market Analysis: Global Ortho-Xylene Market
Global ortho-xylene market is projecting a rise in estimated value by 2026, registering a steady CAGR of 5.2% in the forecast period of 2019-2026 due to increase in the use of plasticizers in automobile and construction industries, rise in use of ortho-xylene in solvent-based paints and increase in demand for PVC production as an intermediate
Key Market Competitors:
Few of the major competitors currently working in the global ortho-xylene market 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 and others
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Market Definition: Global Ortho-Xylene Market
Ortho-Xylene is an organic chemical compound which has a central benzene ring attached with two adjacent methyl group. Ortho-Xylene is colourless and oily flammable liquid compound. Ortho-Xylene has wide applications in automobile and construction sector as it used for the production of plasticizers. Other than this, o-xylene acts as an intermediate for the PVC production. Further, ortho-xylene is used in the production of phthalonitrile.
Segmentation: Global Ortho-Xylene Market
Ortho-Xylene Market : By Type
Ortho-Xylene
Meta-Xylene
Para-Xylene
Ortho-Xylene Market : By Refinery Process
Pyrolysis Gasoline
Toluene Disproportionation
Reformate
Ortho-Xylene Market : By Application
Phthalic Anhydride
Bactericides
Soybean Herbicides
Lube Oil Additives
Other Applications
Ortho-Xylene Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Key Development in the Market:
In August 2017, ExxonMobil Asia Pacific Pte Ltd completed the acquisition of Jurong Aromatics Corporation Pte Ltd plant. With this acquisition, Exxonmobil aimed to increase its production in Singapore which would further assist the firm in strengthening both of its sites with logistical and operational synergies
Ortho-Xylene Market Drivers:
Increase in the use of plasticizers in automobile and construction industries might act as a catalyst for the market growth
Rise in use of ortho-xylene in solvent-based paints would enhance the growth
Increase in demand for PVC production as an intermediate can accelerate the market
Rise in the use of ortho-xylene in alkyd resins which is utilized in coating industry has driven the market
Ortho-Xylene Market Restraints:
Health related issues caused by the inhalation of ortho-xylene can hamper the growth of the market
Highly explosive and hazardous when reacts with any oxidants can hinder the market growth
Fluctuations in the process of raw material might restrict the market growth
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