Ortho-Xylene Market

Market Overview:

The global ortho-xylene market size reached US$ 4.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032. The increasing product utilization to produce phthalic anhydride, growing product demand as an excellent solvent, and the introduction of bio-based ortho-xylene represent some of the key factors driving the market.

Ortho-xylene (C8H10) is an aromatic organic compound containing a benzene ring and two methyl substituents. It is commercially manufactured using petroleum-based feedstock through a multi-step process involving catalytic reforming, fractional distillation, isomer separation, and purification. Ortho-xylene is widely used as an industrial solvent, chemical intermediate, laboratory reagent, tracer compound, cleaning agent, and fuel additive. It is a versatile, stable, and highly pure compound that imparts a sweet odor, offers high vapor pressure, and provides excellent solubility in alcohols, ethers, and chlorinated solvents. It is also highly reactive and undergoes several chemical reactions, such as halogenation, nitration, sulfonation, oxidation, isomerization, and polymerization. As a result, ortho-xylene finds extensive applications across the automotive, oil and gas, chemical, agriculture, electrical and electronics, marine, aerospace, and defense industries.

Ortho-Xylene Market Trends:

The increasing product utilization to produce phthalic anhydride, which is a key component in the manufacturing of plasticizers, polyester resins, paints, coatings, plastics, and alkyd resins, is one of the primary factors propelling the market growth. Along with this, the widespread product utilization as a chemical feedstock in the production of phthalate esters, pesticides, dyes, herbicides, nitrobenzene, and nitrotoluene, is acting as another growth-inducing factor. Furthermore, the growing product demand as an excellent solvent for dissolving resins, oils, fats, adhesives, waxes, and rubbers is providing an impetus to the market growth. Additionally, the introduction of bio-based ortho-xylene, which is produced by the bioconversion or fermentation of renewable feedstocks such as lignocellulosic biomass, agricultural waste, and dedicated energy crops, thus, reducing carbon footprint and minimizing dependency on fossil fuels is strengthening the market growth. Besides this, the recent development of advanced separation techniques using metal-organic frameworks (MOFs), molecular sieves, organics, and graphene quantum dots, which increase yield, ensure consistent quality, and save time, is positively influencing the market growth. Moreover, the widespread product application in the automotive industry as a raw material or intermediate in the production of seat fabrics, electrical housing, headliners, body panels, interior trims, and windshields is contributing to the market growth. Other factors, including rapid industrialization activities, widespread product utilization as a laboratory reagent, increasing investments in the development of advanced production methods, and the growing demand for sustainable products, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global ortho-xylene market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on application and end use.

Application Insights:

• Phthalic Anhydride
• Bactericides
• Soybean Herbicides
• Lube Oil Additives
• Others
   

The report has provided a detailed breakup and analysis of the ortho-xylene market based on the application. This includes phthalic anhydride, bactericides, soybean herbicides, lube oil additives, and others. According to the report, phthalic anhydride represented the largest segment.

End Use Insights:

• Automotive
• Building and Construction
• Paints and Coatings
• Aerospace and Defense
• Marine
• Electrical and Electronics
• Agrochemical
• Oil and Gas
• Chemical
• Others
   

A detailed breakup and analysis of the ortho-xylene market based on the end use has also been provided in the report. This includes automotive, building and construction, paints and coatings, aerospace and defense, marine, electrical and electronics, agrochemical, oil and gas, chemical, and others. According to the report, building and construction accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for ortho-xylene. Some of the factors driving the Asia Pacific ortho-xylene market included rapid industrialization, growing demand for industrial solvents, and various product innovations.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global ortho-xylene market. Detailed profiles of all major companies have been provided. Some of the companies covered include Braskem S/A, China Petroleum & Chemical Corporation (China Petrochemical Corporation), Exxon Mobil Corporation, Flint Hills Resources LLC (Koch Industries Inc.), Formosa Chemicals & Fibre Corp., Honeywell International Inc., Lotte Chemical Corporation, Nouri Petrochemical Company, Reliance Industries Limited, SK geo centric Co. Ltd. (SK Innovation Co. Ltd.), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Ortho-Xylene Market Report Scope:

Key Questions Answered in This Report:

• How has the global ortho-xylene market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global ortho-xylene market?
• What is the impact of each driver, restraint, and opportunity on the global ortho-xylene market?
• What are the key regional markets?
• Which countries represent the most attractive ortho-xylene market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the ortho-xylene market?
• What is the breakup of the market based on the end use?
• Which is the most attractive end use in the ortho-xylene market?
• What is the competitive structure of the global ortho-xylene market?
• Who are the key players/companies in the global ortho-xylene market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the ortho-xylene market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global ortho-xylene market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the ortho-xylene industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.