Global Orthoxylene (OX) Market - 2023-2030

Market Overview

The global orthoxylene (OX) market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 5.2% during the forecast period (2023-2030).

The orthoxylene is produced with its meta-xylene and isomers para-xylene. Friedel-Crafts alkylation of toluene yields a mixture of orthoxylene, which produces a pure form of orthoxylene. The orthoxylene is used in alkyd resins that are used in a wide range of applications in the coating industry and the demand for orthoxylene is high in the petrochemical industry.

Market Dynamics

Growing demand for phthalic anhydride

Phthalic anhydride is often used as a monomer for synthetic resins such as alkyd resins, glyptal, and polyester resins, which are used for heat-resistant paints, marine coatings and insulation varnish applications. It also has medicinal uses, such as a precursor of anthraquinone, phthalein, rhodamine, phthalocyanine, fluorescein and xanthene dyes, which are used for medical diagnosis research. The phthalic anhydrides yield antibiotics for bowel surgery and colon infections, such as benzoic acid, phenolphthalein orthophthalic acid and phthalylsulfathiazole. Additionally, phthalic anhydride is an important chemical intermediate in the plastics industry from which numerous phthalate esters have been derived that function as plasticizers in synthetic resins. The extensive properties and applications of phthalic anhydride drive its demand in the market, which acts as a driver for the orthoxylene market, since it is an intermediate chemical employed in the manufacture of phthalic anhydride.

Fire hazards associated with orthoxylene (OX)

The orthoxylene responds aggressively to oxidants which causes explosion and fire hazards.

The orthoxylene reacts violently with oxidants, causing fire and explosion hazards. Thus, the governments of various countries have imposed stringent regulations on orthoxylene usage, which will likely hamper market growth during the forecast period.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global orthoxylene (OX) market is segmented based on grade, application, end-user and region.

Growing application of orthoxylene in the manufacture of plasticizers, pigments and other chemicals

Phthalic anhydride is a crucial commercial raw substance used to make anthraquinone. Numerous vat pigments, alizarin, and alizarin compounds are also produced using it. Fluorescein, eosin, and rhodamine pigments are used with it directly.

Pthalic anhydride can be converted into a number of esters, most of which are used as plasticizers in the polymers industry. Additionally, it is employed in the production of polyvinyl resins, alkyd resins, glyptal and rezyl resins, and dioctyl phthalate.

The constant need for phthalic anhydride has sparked a hunt for substitute base materials. The best option seems to be ortho-xylene, which is readily accessible from hydrocarbon plants. As a result, the chemical segment is expected to grow vigorously during the forcast period.

Geographical Analysis

The strong presence of major players coupled with flourishing automotive and construction industries that employs orthoxylene

Due to the individuals' rising per capita income in the region, the demand for advanced automotive manufacturing and costruction is booming in Asia-Pacific. The flourishing automotive and construction industry, increases the demand for phthalic anhydride, which is anticipated to drive the orthoxylene market in Asia-Pacific during the forecast period. Further, Asia-Pacific, particulalry India and China is home to many of the major manufacturers of orthoxylene. The respective facts allow the region to dominate the market.

Competitive Landscape

The major global players in the market include: Royal Dutch Shell PLC, Reliance Industries Limited, Formosa Chemicals & Fibre Corp, Exxon Mobil Corporation, Nouri Petrochemical Company, China Petroleum & Chemical Corporation, MP Biomedicals, Minda Petrochemicals Limited, Dynachem Inc and Sigma-Aldrich.

Why Purchase the Report?

• To visualize the global orthoxylene (OX) market segmentation based on grade, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of orthoxylene (OX) market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global orthoxylene (OX) market report would provide approximately 61 tables, 63 figures and 213 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies