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5-Isopropyl-m-Xylene Market Size
- Report ID: GMI4884
- Published Date: Dec 2020
- Report Format: PDF
5-Isopropyl-m-Xylene Market Size
5-Isopropyl-m-xylene market size exceeded USD 145 million globally in 2019 and is estimated to grow at over 7% CAGR between 2020 and 2026. Growth in oil & gas sector along with rise in research activities to develop novel products and Rising consumption of plastic packaging should drive product demand.
5-Isopropyl-m-Xylene is also known by 3,5-dimethylcumene or 3,5-dimethylisopropylbenzene and is majorly a laboratory chemical which is used for terephthalic acid preparation and its related derivatives. The product is primarily utilized for the synthesis of terephthalic acid and its derivatives which are consumed in the production of polyester films & fibers, and polyethylene terephthalate (PET) resins.
Rapid population growth has led to increasing requirement for bottled water thus stimulating the demand for PET packaging. The COVID-19 outbreak in early 2020 has resulted in increasing popularity of single-use plastics among businesses and consumers owing to its disposable nature which reduces the possibility of transmission of the virus. The booming e-commerce industry along with technological advancement in digital printing has led to increasing demand for flexible packaging, which should accelerate the growth of 5-isopropyl-m-xylene market.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| 5-Isopropyl-m-Xylene Market Size in 2019: | 146.15 Million (USD) |
| Forecast Period: | 2020 to 2026 |
| Historical Data for: | 2015 to 2019 |
| No. of Pages: | 130 |
| Tables, Charts & Figures: | 129 |
| Segments covered: | Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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5-Isopropyl-m-Xylene Market Scope
