New York, According to a new market research report published by Global Insight Services “Ortho-Xylene Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Ortho-xylene is a colorless, flammable liquid with a sweet, gasoline-like odor. It is a member of the aromatic hydrocarbon family, which also includes benzene and toluene. Ortho-xylene is used as a starting material in the production of a number of important chemicals, including phthalic anhydride and isophthalic acid. It is also used as a solvent in the printing, paint, and rubber industries.
Ortho-xylene is produced by the catalytic dehydrogenation of toluene. This reaction occurs at elevated temperatures (200-400°C) in the presence of a metal oxide catalyst, such as copper oxide or chromium oxide.
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Key Trends
There are three key trends in Ortho-Xylene technology:
1. Increasing utilization of catalytic dehydrogenation to produce Ortho-Xylene: This trend is driven by the need to produce Ortho-Xylene with higher purity and yield.
2. Development of new catalysts for the production of Ortho-Xylene: Several new catalysts have been developed in recent years that are more active and selective for the production of Ortho-Xylene.
3. Use of Ortho-Xylene in the production of new chemicals: Ortho-Xylene is a versatile building block chemical that can be used in the production of a variety of new chemicals.
Key Drivers
The key drivers of the Ortho-Xylene market are:
1) Increasing demand from the packaging industry: Ortho-xylene is used in the production of packaging materials such as polyethylene terephthalate (PET) and polyethylene naphthalate (PEN).
2) Increasing demand from the automotive industry: Ortho-xylene is used in the production of a variety of automotive products, such as tires, hoses, and belts.
3) Increasing demand from the construction industry: Ortho-xylene is used in the production of a variety of construction materials, such as insulation and pipes.
Market Segments
The ortho-xylene market is segmented by application, end-user, and region. By application, the market is segmented by bactericides, soybean herbicides, and others. Based on end-user, it is bifurcated into automotive, building, paints, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global ortho-xylene market includes players such as Formosa Chemicals & Fibre Corp, Doe & Ingalls Inc., DynaChem Inc., Minda Petrochemicals Limited, Shell Chemicals, Sunoco Chemicals Inc., Puritan Products Inc., Reliance Industries, China Petroleum & Chemical Corporation, Exxon Mobil Corporation, and others.
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Reasons to buy Ortho-Xylene Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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