Ortho-Xylene Market Estimated to Expand at a CAGR of 5.76% during the Forecast Period | Key Players: Braskem, Formosa Chemicals & Fibre Corp, Reliance Industries Limited
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.
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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.
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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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.
GlobalOrtho-Xylene Market by Region:
Middle East and Africa
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Our report offers:
- Market share assessments for the regional and country-level segments.
- Market share analysis of the top industry players.
- Strategic recommendations for the new entrants.
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments and the regional markets.
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
- Strategic recommendations in key business segments based on the market estimations.
- Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments.
- Supply chain trends mapping the latest technological advancements.
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