PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1108408
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1108408
Global Ortho Xylene Market; By Application ; By End-User (Automotive, Building & Construction, Paints & Coatings, Aerospace & Defense, Marine, Electrical, Electronics & Other) ; By Region ; Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Global Ortho Xylene Market to Grow at 5.1% during 2022 - 2028
The global ortho-xylene market's growth can be attributed to the increasingly high adoption of ortho-xylene for varied applications in the automotive industry. Ortho-xylene is used widely in the coating, bonding, sealing, coating, and insulation of various automotive parts, including electrical systems, drive trains, engines, electronics, body, and interior. Moreover, the rising demand for plasticizers, resins, and dyes is expected to propel the market during the forecast period…
A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the global ortho-xylene market is expected to witness a CAGR of 5.1% during the forecast period 2022-2028. The demand of global ortho-xylene market's growth is attributed to the increasingly high adoption of ortho-xylene for varied applications in the automotive industry as it is used widely in the coating, bonding, sealing, coating, and insulation of various automotive parts, including the electrical system, drive train, engine, electronics, body, and interior. Moreover, the rising demand for plasticizers, resins, and dyes is expected to propel the market during the forecast period.
Growing Aviation Industry is Expected to Propel the Market Growth of Ortho Xylene Market
There is a substantial rise in interest for ortho-xylene from the aviation industry as a lube oil chemical. As per the International Exchange Organization (ITA), in 2019, China was the world's second-biggest civil aviation and aerospace markets and one of the quickest developing business sectors. In 2016, as per Boeing, China was likely to expect around 6,810 new airplanes worth USD 1 trillion over the last twenty years. By the fourth quarter of 2018, China had in excess of 59 airlines and 3,615 civil airplanes (an increment of 10% more than 2017).
As per the Worldwide Exchange Organization (ITA), in 2018, the Indian government spent an aggregate of $645 in the aviation area. Likewise, as indicated by Boeing, India is relied upon to drive the interest for 2,300 airplanes worth US$320 billion over the course of the following 20 years. Along these lines, the aviation industry growth leads to the demand for global ortho-xylene, likely to boost the ortho-xylene market growth in upcoming years.
Logistic Hazards Associated with is Ortho Xylene is Anticipated to Hinder Market Growth of Global Ortho Xylene Market
The rise in safety and logistical concern associated with hazardous chemicals, i.e., ortho-xylene, is expected to hinder the global ortho-xylene market growth. With the development in the chemical industry, safety concerns have also increased due to the surge in freight traffic. Moreover, the lack of skilled labor in order to handle the procedure from packaging to transportation of ortho-xylene, along with the lack of awareness of advancement in technologies, hampers the market.
Furthermore, ortho-xylene responds aggressively to oxidants which causes explosion and fire hazards. Henceforth, due to stringent policy and reform related to ortho-xylene usage, safety and handling are expected to hinder the global ortho-xylene market's growth in upcoming years.
Phthalic Anhydride Application Segment Of Ortho Xylene Market Expected To Grow With A Higher Growth Rate
The global ortho-xylene market is segmented into bactericides, soybean herbicides, phthalic anhydride, lube oil additives, and others based on the application. O-xylene is used to produce phthalic anhydride, which is a vital raw material in the manufacturing of alizarin, alizarin derivatives, anthraquinone, vat dyes, and more. Phthalic anhydride is also used in the production of numerous esters.
Moreover, phthalic anhydride is extensively used as a plasticizer in the plastic industry. The demand for phthalic anhydride is increasing, which in turn rouse a search for raw material. The presence of o-xylene in abundance via the petroleum industry seems to be most suitable, which boosts the global market ortho-xylene with a lucrative rate in upcoming years.
Impact of COVID-19 on the Ortho Xylene Market
The deadly COVID-19 pandemic has affected the global value and supply chains that had a disastrous effect on the global ortho-xylene market, especially during the early phases of the COVID-19 lockdowns in 2020. But with time, the market is coping, and the pandemic has necessitated contactless. Also, the manufacturing of automobiles was halted, which led to significant harm in the automotive industry. As per the European Automobile Manufacturers Association, demand for vehicles around Europe stayed feeble (-20.3%), although the declining rate slowed compared to May in the year 2020.
Moreover, three of the four major markets in the area posted binary-digit percentage declines in June- Spain (-24.2%), Italy (-12.8%), and Germany (-30.5%). The automotive industry employs ortho-xylene in the coating, bonding, sealing, coating, and insulation of various automotive parts, including electrical systems, drive trains, engines, electronics, bodies, and the interior. The demand for ortho-xylene has declined with the decrease in automotive production. Nonetheless, post covid recovery of the automotive industry is likely to surge the demand for ortho-xylene.
Asia Pacific Region Dominates the Global Ortho Xylene Market
The Asia Pacific region leads the market with the highest share in 2021 due to the region's booming construction and automotive industry. As per the International Trade Centre (ITC), India accounted for the major share in imports of phthalic anhydride around the world, while the export was significantly less in 2018. As indicated by the International Trade Administration (ITA), the construction industry in China is likely to develop with a high CAGR.
Furthermore, the projects started by the Indian government, including 'Housing for All by 2022' and '100 smart cities', will boost the construction market in the region. Also, the rising population and increase in per capita income boost numerous end-user industries, which in return increase the demand for ortho-xylene; hence, driving the global ortho-xylene market.
Competitive Landscape
The global ortho-xylene market is consolidated with a few major players. The key players operating in the global ortho-xylene market are Reliance Industries Limited, Formosa Chemicals & Fibre Corp, Nouri Petrochemical Company, Exxon Mobil Corporation, Royal Dutch Shell PLC, China Petroleum & Chemical Corporation, MP Biomedicals, Tokyo Chemical Industry, Sunoco Chemicals, BASF SE, Puritan Products, Minda Petrochemicals Limited, KP Chemical Corp., Dynachem Inc, Creasyn Finechem (Tianjin), Sigma-Aldrich, Nutan Chemicals, LOTTE CHEMICAL and more. The players maintain their dominance in the market by investing and launching improved products for the customers.
Don't miss the business opportunity of the global ortho-xylene market. Consult our analysts to gain crucial insights and facilitate your business growth.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the global ortho-xylene market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global ortho-xylene market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the market's growth drivers, challenges, and competitive dynamics.
About Us
BlueWeave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing qualitative and quantitative data to boost your business solution's performance. BWC has built its reputation from scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are a promising digital MI solutions company providing agile assistance to make your business endeavors successful.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
3. Executive Summary
4. Global Ortho Xylene Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Recent Development/Technological Landscape
- 4.4. Regulatory Framework
- 4.5. Porter's Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
5. Global Ortho Xylene Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.1.2. By Volume (Metric Ton)
- 5.2. Market Share & Forecast
- 5.2.1. By Application
- 5.2.1.1. Bactericides
- 5.2.1.2. Soybean Herbicides
- 5.2.1.3. Phthalic Anhydride
- 5.2.1.4. Lube Oil Additives
- 5.2.1.5. Other
- 5.2.2. By End-User
- 5.2.2.1. Automotive
- 5.2.2.2. Building and Construction
- 5.2.2.3. Paints and Coatings
- 5.2.2.4. Aerospace and Defense
- 5.2.2.5. Marine
- 5.2.2.6. Electrical
- 5.2.2.7. Electronics
- 5.2.2.8. Others (Agrochemical, oil and gas, etc.)
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. The Asia Pacific
- 5.2.3.4. Latin America
- 5.2.3.5. The Middle East and Africa
- 5.2.1. By Application
6. North America Ortho Xylene Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.1.2. By Volume (Metric Ton)
- 6.2. Market Share & Forecast
- 6.2.1. By Application
- 6.2.2. By End-User
- 6.2.3. By Country
- 6.2.3.1. United States
- 6.2.3.2. Canada
7. Europe Ortho Xylene Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.1.2. By Volume (Metric Ton)
- 7.2. Market Share & Forecast
- 7.2.1. By Application
- 7.2.2. By End-User
- 7.2.3. By Country
- 7.2.3.1. Germany
- 7.2.3.2. United Kingdom
- 7.2.3.3. Italy
- 7.2.3.4. France
- 7.2.3.5. Spain
- 7.2.3.6. Rest of Europe
8. Asia Pacific Ortho Xylene Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.1.2. By Volume (Metric Ton)
- 8.2. Market Share & Forecast
- 8.2.1. By Application
- 8.2.2. By End-User
- 8.2.3. By Country
- 8.2.3.1. China
- 8.2.3.2. India
- 8.2.3.3. Japan
- 8.2.3.4. South Korea
- 8.2.3.5. Rest of Asia Pacific
9. Latin America Ortho Xylene Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.1.2. By Volume (Metric Ton)
- 9.2. Market Share & Forecast
- 9.2.1. By Application
- 9.2.2. By End-User
- 9.2.3. By Country
- 9.2.3.1. Brazil
- 9.2.3.2. Mexico
- 9.2.3.3. Rest of Latin America
10. Middle East & Africa Ortho Xylene Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.1.2. By Volume (Metric Ton)
- 10.2. Market Share & Forecast
- 10.2.1. By Application
- 10.2.2. By End-User
- 10.2.3. By Country
- 10.2.3.1. Saudi Arabia
- 10.2.3.2. UAE
- 10.2.3.3. South Africa
- 10.2.3.4. Rest of Middle East & Africa
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of COVID-19 on Global Ortho Xylene Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. Reliance Industries Limited
- 13.2. Formosa Chemicals & Fibre Corp
- 13.3. Exxon Mobil Corporation
- 13.4. Royal Dutch Shell PLC
- 13.5. China Petroleum & Chemical Corporation
- 13.6. MP Biomedicals
- 13.7. Tokyo Chemical Industry
- 13.8. Creasyn Finechem Co., Ltd.
- 13.9. Doe & Ingalls Inc.
- 13.10. DynaChem Inc.
- 13.11. Minda Petrochemicals Limited
- 13.12. Sunoco Chemicals Inc.
- 13.13. Puritan Products, Inc
- 13.14. KP Chemical Corp.
- 13.15. Nouri Petrochemical Company
- 13.16. Lotte Chemical
- 13.17. Nutan Chemicals
- 13.18. Sigma-Aldrich
- 13.19. Other Prominent Players
14. Key Strategic Recommendations
List of Figures
- Figure 1 Global Ortho Xylene Segmentation
- Figure 2 Global Ortho Xylene Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Global Ortho Xylene Market Size, By Value (USD Million), 2018-2028
- Figure 5 Global Ortho Xylene Market Size, By Volume (Metric Ton), 2018-2028
- Figure 6 Global Ortho Xylene Market Share, By Application, By Value, 2018-2028
- Figure 7 Global Ortho Xylene Market Share, By Application, By Volume, 2018-2028
- Figure 8 Global Ortho Xylene Market Share, By End-User, By Value, 2018-2028
- Figure 9 Global Ortho Xylene Market Share, By End-User, By Volume, 2018-2028
- Figure 10 Global Ortho Xylene Market Share, By Region, By Value, 2018-2028
- Figure 11 Global Ortho Xylene Market Share, By Region, By Volume, 2018-2028
- Figure 12 North America Ortho Xylene Market Size, By Value (USD Million), 2018-2028
- Figure 13 North America Ortho Xylene Market Size, By Volume (Metric Ton), 2018-2028
- Figure 14 North America Ortho Xylene Market Share, By Application, By Value, 2018-2028
- Figure 15 North America Ortho Xylene Market Share, By Application, By Volume, 2018-2028
- Figure 16 North America Ortho Xylene Market Share, By End-User, By Value, 2018-2028
- Figure 17 North America Ortho Xylene Market Share, By End-User, By Volume, 2018-2028
- Figure 18 North America Ortho Xylene Market Share, By Country, By Value, 2018-2028
- Figure 19 North America Ortho Xylene Market Share, By Country, By Volume, 2018-2028
- Figure 20 Europe Ortho Xylene Market Size, By Value (USD Million), 2018-2028
- Figure 21 Europe Ortho Xylene Market Size, By Volume (Metric Ton), 2018-2028
- Figure 22 Europe Ortho Xylene Market Share, By Application, By Value, 2018-2028
- Figure 23 Europe Ortho Xylene Market Share, By Application, By Volume, 2018-2028
- Figure 24 Europe Ortho Xylene Market Share, By End-User, By Value, 2018-2028
- Figure 25 Europe Ortho Xylene Market Share, By End-User, By Volume, 2018-2028
- Figure 26 Europe Ortho Xylene Market Share, By Country, By Value, 2018-2028
- Figure 27 Europe Ortho Xylene Market Share, By Country, By Volume, 2018-2028
- Figure 28 The Asia-Pacific Ortho Xylene Market Size, By Value (USD Million), 2018-2028
- Figure 29 The Asia-Pacific Ortho Xylene Market Size, By Volume (Metric Ton), 2018-2028
- Figure 30 The Asia-Pacific Ortho Xylene Market Share, By Application, By Value, 2018-2028
- Figure 31 The Asia-Pacific Ortho Xylene Market Share, By Application, By Volume, 2018-2028
- Figure 32 The Asia-Pacific Ortho Xylene Market Share, By End-User, By Value, 2018-2028
- Figure 33 The Asia-Pacific Ortho Xylene Market Share, By End-User, By Volume, 2018-2028
- Figure 34 The Asia-Pacific Ortho Xylene Market Share, By Country, By Value, 2018-2028
- Figure 35 The Asia-Pacific Ortho Xylene Market Share, By Country, By Volume, 2018-2028
- Figure 36 Latin America Ortho Xylene Market Size, By Value (USD Million), 2018-2028
- Figure 37 Latin America Ortho Xylene Market Size, By Volume (Metric Ton), 2018-2028
- Figure 38 Latin America Ortho Xylene Market Share, By Application, By Value, 2018-2028
- Figure 39 Latin America Ortho Xylene Market Share, By Application, By Volume, 2018-2028
- Figure 40 Latin America Ortho Xylene Market Share, By End-User, By Value, 2018-2028
- Figure 41 Latin America Ortho Xylene Market Share, By End-User, By Volume, 2018-2028
- Figure 42 Latin America Ortho Xylene Market Share, By Country, By Value, 2018-2028
- Figure 43 Latin America Ortho Xylene Market Share, By Country, By Volume, 2018-2028
- Figure 44 The Middle East & Africa Ortho Xylene Market Size, By Value (USD Million), 2018-2028
- Figure 45 The Middle East & Africa Ortho Xylene Market Size, By Volume (Metric Ton), 2018-2028
- Figure 46 The Middle East & Africa Ortho Xylene Market Share, By Application, By Value, 2018-2028
- Figure 47 The Middle East & Africa Ortho Xylene Market Share, By Application, By Volume, 2018-2028
- Figure 48 The Middle East & Africa Ortho Xylene Market Share, By End-User, By Value, 2018-2028
- Figure 49 The Middle East & Africa Ortho Xylene Market Share, By End-User, By Volume, 2018-2028
- Figure 50 The Middle East & Africa Ortho Xylene Market Share, By Country, By Value, 2018-2028
- Figure 51 The Middle East & Africa Ortho Xylene Market Share, By Country, By Volume, 2018-2028
List of Tables
- Table 1 Global Ortho Xylene Market Size, By Application, By Value, 2018-2028
- Table 2 Global Ortho Xylene Market Size, By Application, By Volume, 2018-2028
- Table 3 Global Ortho Xylene Market Size, By End-User, By Value, 2018-2028
- Table 4 Global Ortho Xylene Market Size, By End-User, By Volume, 2018-2028
- Table 5 Global Ortho Xylene Market Size, By Region, By Value, 2018-2028
- Table 6 Global Ortho Xylene Market Size, By Region, By Volume, 2018-2028
- Table 7 North America Ortho Xylene Market Size, By Application, By Value, 2018-2028
- Table 8 North America Ortho Xylene Market Size, By Application, By Volume, 2018-2028
- Table 9 North America Ortho Xylene Market Size, By End-User, By Value, 2018-2028
- Table 10 North America Ortho Xylene Market Size, By End-User, By Volume, 2018-2028
- Table 11 North America Ortho Xylene Market Size, By Country, By Value, 2018-2028
- Table 12 North America Ortho Xylene Market Size, By Country, By Volume, 2018-2028
- Table 13 Europe Ortho Xylene Market Size, By Application, By Value, 2018-2028
- Table 14 Europe Ortho Xylene Market Size, By Application, By Volume, 2018-2028
- Table 15 Europe Ortho Xylene Market Size, By End-User, By Value, 2018-2028
- Table 16 Europe Ortho Xylene Market Size, By End-User, By Volume, 2018-2028
- Table 17 Europe Ortho Xylene Market Size, By Country, By Value, 2018-2028
- Table 18 Europe Ortho Xylene Market Size, By Country, By Volume, 2018-2028
- Table 19 The Asia-Pacific Ortho Xylene Market Size, By Application, By Value, 2018-2028
- Table 20 The Asia-Pacific Ortho Xylene Market Size, By Application, By Volume, 2018-2028
- Table 21 The Asia-Pacific Ortho Xylene Market Size, By End-User, By Value, 2018-2028
- Table 22 The Asia-Pacific Ortho Xylene Market Size, By End-User, By Volume, 2018-2028
- Table 23 The Asia-Pacific Ortho Xylene Market Size, By Country, By Value, 2018-2028
- Table 24 The Asia-Pacific Ortho Xylene Market Size, By Country, By Volume, 2018-2028
- Table 25 Latin America Ortho Xylene Market Size, By Application, By Value, 2018-2028
- Table 26 Latin America Ortho Xylene Market Size, By Application, By Volume, 2018-2028
- Table 27 Latin America Ortho Xylene Market Size, By End-User, By Value, 2018-2028
- Table 28 Latin America Ortho Xylene Market Size, By End-User, By Volume, 2018-2028
- Table 29 Latin America Ortho Xylene Market Size, By Country, By Value, 2018-2028
- Table 30 Latin America Ortho Xylene Market Size, By Country, By Volume, 2018-2028
- Table 31 The Middle East & Africa Ortho Xylene Market Size, By Application, By Value, 2018-2028
- Table 32 The Middle East & Africa Ortho Xylene Market Size, By Application, By Volume, 2018-2028
- Table 33 The Middle East & Africa Ortho Xylene Market Size, By End-User, By Value, 2018-2028
- Table 34 The Middle East & Africa Ortho Xylene Market Size, By End-User, By Volume, 2018-2028
- Table 35 The Middle East & Africa Ortho Xylene Market Size, By Country, By Value, 2018-2028
- Table 36 The Middle East & Africa Ortho Xylene Market Size, By Country, By Volume, 2018-2028
- Table 37 Reliance Industries Limited Company Overview
- Table 38 Reliance Industries Limited Financial Overview
- Table 39 Formosa Chemicals & Fibre Corp Company Overview
- Table 40 Formosa Chemicals & Fibre Corp Financial Overview
- Table 41 Exxon Mobil Corporation Company Overview
- Table 42 Exxon Mobil Corporation Financial Overview
- Table 43 Royal Dutch Shell PLC Company Overview
- Table 44 Royal Dutch Shell PLC Financial Overview
- Table 45 China Petroleum & Chemical Corporation Company Overview
- Table 46 China Petroleum & Chemical Corporation Financial Overview
- Table 47 MP Biomedicals Company Overview
- Table 48 MP Biomedicals Financial Overview
- Table 49 Tokyo Chemical Industry Company Overview
- Table 50 Tokyo Chemical Industry Financial Overview
- Table 51 Creasyn Finechem Co., Ltd. Company Overview
- Table 52 Creasyn Finechem Co., Ltd. Financial Overview
- Table 53 Doe & Ingalls Inc. Company Overview
- Table 54 Doe & Ingalls Inc. Financial Overview
- Table 55 DynaChem Inc. Company Overview
- Table 56 DynaChem Inc. Financial Overview
- Table 57 Minda Petrochemicals Limited Company Overview
- Table 58 Minda Petrochemicals Limited Financial Overview
- Table 59 Sunoco Chemicals Inc. Company Overview
- Table 60 Sunoco Chemicals Inc. Financial Overview
- Table 61 Puritan Products, Inc Company Overview
- Table 62 Puritan Products, Inc Financial Overview
- Table 63 KP Chemical Corp. Company Overview
- Table 64 KP Chemical Corp. Financial Overview
- Table 65 Nouri Petrochemical Company Overview
- Table 66 Nouri Petrochemical Company Financial Overview
- Table 67 Lotte Chemical Company Overview
- Table 68 Lotte Chemical Company Financial Overview
- Table 69 Nutan Chemicals Financial Overview
- Table 70 Nutan Chemicals Company Overview
- Table 71 Sigma-Aldrich Company Financial Overview
- Table 72 Sigma-Aldrich Company Overview
