Market Size of Ortho-Xylene Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 3.86 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ortho-Xylene Market Analysis
The Ortho-Xylene Market size is estimated at 9.85 Million tons in 2024, and is expected to reach 11.90 Million tons by 2029, growing at a CAGR of 3.86% during the forecast period (2024-2029).
The major factors driving the market studied are the increasing demand for ortho-xylene as an intermediate for PVC production, and extensive usage of ortho-xylene in the production of paints and adhesive.
- Detrimental neurological effects of ortho-xylene and usage of naphthalene for the production of phthalic anhydride (PA) areexpected to hinder the growth of the market studied.
- Asia-Pacific dominated the global market, with the largest consumption recorded from the countries, such as China and India.
Ortho-Xylene Industry Segmentation
The scope of the ortho-xylene market report includes:
| Application | |
| Phthalic Anhydride | |
| Bactericides | |
| Soybean Herbicides | |
| Lube Oil Additives | |
| Other Applications |
| Geography | |||||||
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Ortho-Xylene Market Size Summary
The ortho-xylene market is poised for steady growth over the forecast period, driven primarily by its increasing demand as an intermediate in PVC production and its extensive use in the manufacturing of paints and adhesives. Despite the potential hindrances posed by the neurological effects of ortho-xylene and the preference for naphthalene in phthalic anhydride production, the market is expected to expand. The Asia-Pacific region, particularly China and India, dominates the global market, with China being a significant consumer due to its large-scale production of phthalate-based PVC plasticizers. The region's robust industrial activities and the growing automotive sector, which favors PVC for its lightweight and cost-effective properties, further bolster the demand for ortho-xylene.
The market's growth is also supported by the advantages of using ortho-xylene in the production of phthalic anhydride, which is a crucial raw material for various industrial applications, including dyes and plasticizers. The oxidation process of ortho-xylene offers several benefits over naphthalene, such as a simpler feed system and higher purity and yield. This makes ortho-xylene an attractive alternative raw material, especially with the rising demand for phthalic anhydride. The fragmented nature of the ortho-xylene market sees major players like Royal Dutch Shell, Reliance Industries, and China Petroleum & Chemical Corporation competing for market share, ensuring a dynamic and competitive landscape.
Ortho-Xylene Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand as an Intermediate for PVC Production
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1.1.2 Extensive Usage of Ortho-xylene in Paints and Adhesive Industries
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1.2 Restraints
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1.2.1 Detrimental Neurological Effects of Ortho-xylene
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1.2.2 Usage of Naphthalene for the Production of Phthalic Anhydride (PA)
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Phthalic Anhydride
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2.1.2 Bactericides
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2.1.3 Soybean Herbicides
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2.1.4 Lube Oil Additives
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2.1.5 Other Applications
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 Italy
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2.2.3.4 France
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle East & Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle East & Africa
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Ortho-Xylene Market Size FAQs
How big is the Ortho-Xylene Market?
The Ortho-Xylene Market size is expected to reach 9.85 million tons in 2024 and grow at a CAGR of 3.86% to reach 11.90 million tons by 2029.
What is the current Ortho-Xylene Market size?
In 2024, the Ortho-Xylene Market size is expected to reach 9.85 million tons.
