Ortho-Xylene Market, o-Xylene Market | Market Analysis and Forecast by 2023

Ortho-Xylene Market.png
The increasing demand for dyes, plasticizers and resins has led to the strong growth of ortho-xylene market. Phthalic anhydride (a major application of ortho-xylene) is used to produce plasticizers, which are mainly employed in the construction of industries and automobiles.

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Ortho-xylene is a commercial isomer of xylene. It consists of at least 95% ortho-xylene and five percent para-xylene and meta-xylene. Xylenes are petrochemicals formed by the coal carbonization process and catalytic reforming, which is used in the manufacture of coke fuel.

On the basis of application, ortho-xylene is majorly used in the production of phthalic anhydride (PAN), an aromatic acid anhydride. Nearly 90% of ortho-xylene produced globally is used in the manufacturing of phthalic anhydride, which is commercially available as a colorless molten material with a strong smell or as white, free-flowing fragments.

Among other forms, xylenes occur naturally in coal and wood tar. There are three types of xylenes: ortho-xylene (o-xylene), meta-xylene (m-xylene) and para-xylene (p-xylene). Further, ortho-xylene is used in solvent-based paints.

One key trend emerging in the global ortho-xylene market is the huge growth of the ortho-xylene market in China. Volatility of crude oil prices is a major challenge in the global ortho-xylene market, which is affecting the profitability of ortho-xylene producers.

Read summary of report here : https://www.psmarketresearch.com/market-analysis/ortho-xylene-market

Key competitors in the ortho-xylene market are Formosa Plastics Corporation, U.S.A., Reliance Industries Limited, ExxonMobil Corporation, China Petroleum & Chemical Corporation, Honeywell International Inc.. Other prominent competitors in this market are DTE Energy Company, Tesco, KP Chemical Corp. and others.

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