Ortho-Xylene Market | Professional Survey Report Analysis, Market Shares and Development by 2023

Ortho-Xylene

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. They are used in medical technologies and various industries as solvents.

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The instability of crude oil prices has a direct impact on xylene prices. The increased commercial usage of recyclable products in many developed countries has led to decrease in demand of phthalic anhydride which is another major factor hindering the growth of the ortho-xylene market.

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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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