Global Ortho-xylene Market 2017-2021

Overview of the global ortho-xylene market

The automobile industry is witnessing significant growth on a global level. Research analysis on the global ortho-xylene market identifies that the increasing demand for ortho-xylene from the automobile industry will be one of the major factors that will have a positive impact on the growth of the market. Ortho-xylene is extensively used to coat different automotive parts such as engine, drive train, electrical system, electronics, interior, and body. It is also used in the insulation, sealing, and bonding of these automotive parts. Furthermore, ortho-xylene is highly durable, sustainable, and efficient, which in turn, will boost its application in transportation industries. The adoption of the ortho-xylene chemical in automotive coatings will continue to gain popularity due to its resistivity, safety, performance, and cost-effectiveness. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 7% by 2021.

Phthalic anhydride can be produced from ortho-xylene. The demand for phthalic anhydride is increasing because it is used in the production of di-octyl phthalate (DOP). As a result, the price margin of phthalic anhydride has surged during 2016 in comparison to price margin observed during the past five years. The strong demand for phthalic anhydride to make downstream DOP is identified as one of the key trends that will propel the growth prospects for the global ortho-xylene market in the forthcoming years.

Competitive landscape and key vendors