Orthoxylene (OX) Market Overview
The global orthoxylene (ox) market reached USD million in 2022 and is projected to witness lucrative growth by reaching up to USD million by 2030. The market is growing at a CAGR of 5.2% during the forecast period (2023-2030).The orthoxylene is a commercial isomer of xylene and it is a hydrocarbon-based on benzene, with two methyl substituents bonded to the aromatic ring.
The orthoxylene is liquid at room temperature, used extensively for producing phthalic anhydride (PAN) and primarily in dio-octyl phthalate for PVC. The phthalic anhydride is primarily used to produce plasticizers, largely employed in the automobile and construction industries. Additionally orthoxylene is used in solvent-based paints. Phthalic anhydride is extracted through distillation from a xylene stream in a plant designed for para-xylene production and it is a constitutional isomer of m-xylene and p-xylene.
Orthoxylene (OX) Market Scope and Summary
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Metrics |
Details |
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CAGR |
5.2% |
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Size Available for Years |
2021-2030 |
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Forecast Period |
2023-2030 |
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Data Availability |
Value (US$) and Volume (Tons) |
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Segments Covered |
Grade, Application, End-User and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
North America |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
Orthoxylene (OX) Market Dynamics and Trends
The growing demand for orthoxylene (OX) in manufacturing adhesives, paints and coatings
The construction industry's growth and automobile industry development is expected to drive the demand for orthoxylene during the forecast period. In the construction industry orthoxylene is used for coating, bonding and sealing. The automobile industry orthoxylene is used for coating and insulating various automotive parts, such as electrical systems, drive trains, engines, electronics, bodies and interiors. Additionally, the expansion of the paints and adhesive industry is anticipated to fuel the demand for orthoxylene during the next few years.
The health issues associated with orthoxylene
Acute inhalation or exposure to orthoxylene in humans irritates the eyes and carries neurological effects. Additionally, chronic exposure to orthoxylenes affects the central nervous system, cardiovascular system, and kidneys. Therefore, governments of various countries have imposed stringent regulations on orthoxylene usage, which will likely hamper market growth during the forecast period.
Orthoxylene (OX) Market Segment Analysis
The global orthoxylene (ox) market is segmented based on grade, application, end-user and region.
Growing demand for orthoxylene in manufcaturing PVC for building & construction
The building & construction sector held the largest share of the orthoxylene market. The extensive properties of polyvinyl chloride, such as low cost, high strength and dimensional stability, the demand for PVC is increasing in the building and construction sectors for applications such as flooring, wiring, and plumbing. The building and construction activities are expanding at a lucrative rate across the world. Therefore, with the increasing building and construction sector, the demand for polyvinyl chloride will also increase, which is anticipated to propel the orthoxylene market during the forecast period
Source: DataM Intelligence Analysis (2023)
Orthoxylene (OX) Market Geographical Penetration
The strong presence of major players and increased awareness about the use of eco-friendly products
Asia Pacific region held the largest share of the orthoxylene market in the flourishing automotive and construction sector in the region. For instance, the Indian government has initiated projects, such as 100 smart cities and Housing for All by 2022, expected to drive the Indian residential construction market over the forecast period. Such initiatives are leading to increased building and construction activities by the government in the region. Additionally, many international and insulation developing companies are based in the Asia-Pacific, so it is expected to influence the orthoxylene market.
Source: DataM Intelligence Analysis (2023)
Orthoxylene (OX) Companies Competitive Landscape
The major global players 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.
Key Developments
- In the middle of October 2020, BP began repair work at its Gelsenkirchen-Scholven refinery facility in Germany. According to BP, the maintenance focused on satisfying the needs of unit inspections and was done at the northern location at Scholven. From mixed xylenes extracted at the refinery, the northern location at Scholven has the ability to make 150,000 metric tons/year of p-xylene and 75,000 metric tons/year of ortho-xylene (o-xylene).
- On October 3, 2019, ExxonMobil's Singapore Chemical Plant (SCP) introduced a new technology to improve energy efficiency at its aromatics plant. This e respective innovation was done in recognition of the significance of using energy effectively throughout its operations. The SCP is home to three aromatics factories that generate the building elements paraxylene, benzene, and orthoxylene needed to create goods like apparel, transparent packaging, screen protectors, and synthetic leather.
- Reliance Industries announced intentions to spend 700 billion Indian rupees (roughly US$9.75 billion) to build a crude-oil-to-chemicals (COTC) complex at the company's Jamnagar, India, facility on November 27, 2019. In addition to a multi-feed steam cracker and a multi-zone catalytic cracking (MCC) plant, Reliance intends to build COTC units to increase ethylene and propylene outputs, it is also intended to upgrade the Jamnagar site's current fluid catalytic cracking (FCC) unit into a high-severity FCC (HSFCC) or Petro FCC unit. The joint ethylene and propylene capacity of the MCC/HSFCC complex will be 8.5 million metric tonnes per year (MMt/y), and the combined extraction capacity of benzene, toluene, and xylenes will be 3.5 MMt/y. Additionally, it will have a joint capability for 4.0 MMt/y of ortho- and para-xylene.
The global orthoxylene (ox) market report would provide approximately 61 tables, 63 figures and 213 Pages.
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