Press release
Xylenols Market to grow at over 6% CAGR between 2020 and 2026 | by Top Key Participant SABIC, Nanjing Datang Chemical, Sigma Aldrich, Qingdao Welltech Chemical
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
Sasol, SABIC, SI Group, Merck, DEZA a. s., Dorf Ketal, Honshu Chemical Industry Co., Ltd, and TCI Chemicals (India) Pvt. Ltd are the major contributors in the overall xylenols market. Companies are focusing on merger and acquisition of small and middle level players along with adding to current capacities in order to cater the growing product demand.
North America xylenols market demand led by the U.S and Canada shall exhibit significant growth in the forecasted time period pertaining to the increasing healthcare facilities in the region which has fueled the demand for disinfectant agents. Increasing adoption of surgical treatments in clinic have enhanced the use of medical instruments which in turn has boosted the potential risk of infectious diseases. Per capita healthcare expenditure in the U.S. valued over at USD 11 thousand in 2018. Rising disposable income and growing government initiatives to promote disinfection in hospitals and public areas shall induce regional xylenols industry growth.
Asia Pacific xylenols market demand led by China, India and Japan may witness substantial growth pertaining to increasing agricultural practices in the region which has increased the usage of herbicides and pesticides. Chemical pesticides production in China amounted over 178,000 metric tons in 2018 which shows huge opportunities for the market to grow. Increasing government focus to agricultural facilities has enabled farmers to use high quality bacteria and pest resistant products which shall stimulate xylenols industry regional growth.
Xylenols Market are used in the production of antioxidants for gasoline and jet fuel additives owing to their superior solvency properties and ability to control gum and sediment formation. These products act as antioxidant and UV stabilizer intermediate for various fuel additives and help in improving the efficiency and productivity in a cost-effective way. Jet fuel consumption in the U.S. amounted over 17.5 billion gallons in 2018 which is likely to trigger the product demand. Stringent environmental regulations towards greenhouse gas emissions has increased the demand for clean & efficient fuel additives which is likely to boost the xylenols industry demand.
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Xylenols Market, By Type, 2014-2025 (Tons) (USD Million)
• Solid
• Liquid
Xylenols Market, By Application, 2014-2025 (Tons) (USD Million)
• Solvents
• Disinfectants
• Insecticides
• Phenolic Resins Production
• Antioxidant Manufacturing (Jet Fuels, gasoline)
• Others
Global xylenols market share is consolidated as market consist of limited players. Companies like SABIC, Nanjing Datang Chemical, Sigma Aldrich and Qingdao Welltech Chemical are major players in this market.
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