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Ortho Xylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Pre Book Price: $ 5216

Original Price: $ 5795

 

Xylenes are petrochemicals produced by the catalytic reforming and coal carbonization process, which is used in the manufacture of coke fuel. They are used in various industries and medical technologies as solvents. Xylenes occur naturally in coal and wood tar, among others. Xylenes are primarily produced as a part of aromatics that are rich in BTX. They are derived from various sources in a refinery, including pyrolysis gasoline, toluene disproportionation, and reformate. Reformate accounts for 75% share of the mixed xylenes. There are three types of xylenes: ortho-xylene, meta-xylene, and para-xylene. 

 

Ortho-xylene is a commercial isomer of xylene. It is a hydrocarbon based on benzene, with two methyl substituents bonded to the aromatic ring. Ortho-xylene exists in liquid state at room temperature. It is used extensively for producing Phthalic Anhydride (PAN), primarily in dio-octyl phthalate for PVC. PAN is primarily used to produce plasticizers, which are largely employed in the automobile and construction industries. In addition, ortho xylene is used in solvent-based paints. Ortho xylene is extracted through distillation from xylene stream in a plant designed for para-xylene production. It is a constitutional isomer of m-xylene and p-xylene. Moreover, ortho xylene is produced with its isomers para-xylene and meta-xylene. Friedel-Crafts alkylation of toluene yields a mixture of ortho-xylene. This reaction produces a pure form of ortho-xylene. It is used in alkyd resins that have wide applications in the coating industry. Ortho xylene has a large demand in the petrochemical industry.

 

Growth in the construction industry coupled with burgeoning development in the automobile industry is expected to drive the demand for ortho-xylene during the forecast period. Additionally, expansion in the paints and adhesive industry is anticipated to fuel demand for ortho-xylene during the next few years. However, acute inhalation or exposure to ortho-xylene in humans causes irritation to eyes and has neurological effects. Furthermore, chronic exposure to ortho-xylenes affects the central nervous system, cardio-vascular system, and kidneys. It reacts violently with oxidants, causing fire and explosion hazards. Thus, governments in various countries have imposed stringent regulations on the usage of ortho xylene and are likely to hamper the ortho-xylene market in the near future.

 

Prices of xylene are anticipated to decline in Asia due to the weak downstream conditions in the purified terephthalic acid and paraxylene sectors. Global manufacturing of ortho xylene coupled with integrated supply chain and access to feedstock are the key strengths of companies involved in the ortho-xylene market.

 

Asia Pacific is projected to be the fastest growing regional market during the forecast period due to growth in the chemical industry and rapid industrialization in the region. China dominated the ortho-xylene production in 2011. This trend is expected to continue during the forecast period. Consumption of ortho-xylene in Eastern Europe and Russia is expected to be strong due to the thriving construction industry in these regions. 

 

Some of the major players in the ortho-xylene market include Creasyn Finechem (Tianjin) Co., Ltd., Doe & Ingalls Inc. (North Carolina), DynaChem Inc., Minda Petrochemicals (P) Limited, Shell Chemicals, Sunoco Chemicals Inc., and Puritan Products, Inc. Some of the major companies plan to establish ortho-xylene projects in China, Taiwan, and Singapore during the forecast period.       

 

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 

  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  

This report provides comprehensive analysis of 

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

 

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments


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