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By 2028, Demand for Global 1, 2, 4-Trimethylbenzene Market Size to Surpass USD 4,800 million, at a 5% CAGR: Industry Trends, Share, Value, Analysis & Forecast Report by Facts & Factors
"1, 2, 4-Trimethylbenzene Market By Application (Trimellitic Anhydride, 1, 3, 5-Trimethylbenzene, Durene, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 - 2026" was written by Facts and Factors. According to the findings of our research, the global market for 1, 2, and 4-trimethylbenzene is roughly USD 3,400 million in 2019, and it is predicted to reach approximately USD 4,800 million by the year 2026. From 2020 to 2026, it is estimated that the market for 1, 2, 4-trimethylbenzene will expand at a CAGR of around 5%.Pseudocumene is another name for the fundamental organic compound known as 1, 2, 4-trimethylbenzene, which is used extensively in industry. Pseudocumene is a volatile, odourless, colourless liquid that, in general, falls under the category of aromatic hydrocarbons. It has a powerful smell. It is soluble in organic solvents such as ethanol, diethyl ether, and benzene, but it is almost insoluble in water. Some examples of organic solvents include: The production of 1, 2, 4-trimethylbenzene involves a process that involves the methylation of toluene and xylene. In addition to this, natural deposits of it can be found in petroleum and coal tar. Pseudocumene is an essential component in the manufacture of a wide variety of products, including PVC, plasticizers, trioctyl triphenylate, powder coatings, paints, and more. In addition to its usage as a raw material in the production of dye, medication, and synthetic resins, 1, 2, 4-trimethylbenzene is also utilized in the production of other products. Using 1, 2, 4-trimethylbenzene as a starting material results in the production of durene, trimellitic anhydride, and 1, 3, 5-trimethyl benzene.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/sample/1-2-4-trimethylbenzene-market-by-application-trimellitic
It is likely that the amount of 1, 2, 4-trimethylbenzene used to produce trimellitic anhydride will increase as a result of the growing demand for trimellitic anhydride in a variety of industrial applications, such as paints and coatings and wire and cable insulation.
These applications include: paints and coatings; Trimellitic anhydride finds widespread application in the production of a variety of products, including those utilized in the medical and automotive industries. Additionally, it is anticipated that the growing demand for 1, 2, 4-trimethylbenzene in China will further fuel the expansion of the global market. Because China is widely recognized as the world's manufacturing hub, the country's number of manufacturing companies is rapidly increasing.
As a result, the use of 1, 2, 4-trimethylbenzene is growing in a variety of industries, including the pharmaceutical industry, the paint and coatings industry, and the dyes industry, amongst others. On the other hand, it is anticipated that the fluctuating prices of raw materials and production costs will function as a barrier for the global 1, 2, 4-trimethylbenzene market. On the flip side, technological advancements made in the product are anticipated to present the market with new prospects. The primary producers of 1, 2, 4-trimethylbenzene are concentrating their efforts on the development of novel and forward-thinking techniques for the manufacturing of 1, 2, 4-trimethylbenzene.
๐๐๐๐ ๐๐๐ญ๐๐ข๐ฅ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง@https://www.fnfresearch.com/1-2-4-trimethylbenzene-market-by-application-trimellitic
Trimellitic anhydride accounted for the largest market share of the global 1, 2, 4-trimethylbenzene market and is also anticipated to be the fastest-growing category of the application segment. Pseudocumene is widely used as raw material for manufacturing trimellitic anhydride and the demand for trimellitic anhydride is rapidly increasing in applications such as powder coatings, resins, and as a binder for glass fibers, and aggregates.
Regionally, the Asia Pacific dominated the global 1, 2, and 4-trimethylbenzene market and accounted for the largest market share. China is the major producer and consumer of the 1, 2, and 4-trimethylbenzene and is continuing to enhance its consumption in the upcoming years as well. However, China is also the evolving market of trimellitic anhydride. Manufacturers such as Zhegndan and Baichuan among others have increased the production capacity of trimellitic anhydride. Therefore, this is in turn projected to increase the consumption of 1, 2, 4-trimethylbenzene in trimellitic anhydride production.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง@https://www.fnfresearch.com/customization/1-2-4-trimethylbenzene-market-by-application-trimellitic
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐, ๐, ๐-๐ญ๐ซ๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ๐๐๐ง๐ณ๐๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ซ๐
Flint Hills Resources (FHR)
Eni
Nanjing Refinery Co., Ltd.
Jinyang Chemical Co., Ltd.,
Jiangsu Hualun Chemical Industry Co., Ltd., Lanzhou Petrochemical Company
Dow Chemical Company
๐๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐ญ๐ก๐ ๐, ๐, ๐-๐๐ซ๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ๐๐๐ง๐ณ๐๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ฌ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ฌ:
๐๐ฅ๐จ๐๐๐ฅ ๐, ๐, ๐-๐๐ซ๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ๐๐๐ง๐ณ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
Trimellitic Anhydride
1, 3, 5-Trimethylbenzene
Durene
Others
๐๐ฅ๐จ๐๐๐ฅ ๐, ๐, ๐-๐๐ซ๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ๐๐๐ง๐ณ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa
๐๐๐๐ ๐๐ฎ๐ฒ๐ง๐จ๐ฐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง@https://www.fnfresearch.com/buynow/su/1-2-4-trimethylbenzene-market-by-application-trimellitic
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