Global Xylenols Market Size By Product (2,3- Xylenols, 2,4- Xylenols, 2,5- Xylenol, 2,6- Xylenols, 3,5- Xylenols), By Application (Disinfectants, Solvents, Pharmaceuticals, Agrochemicals, Plasticizers, Oilfield Chemicals, Resins), Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Aug 2020  |  Report ID: GMI3980  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 215   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Global xylenols market size exceeded over USD 2.6 billion, in 2019 and is estimated to grow at over 6% CAGR between 2020 and 2026. Increasing applications in various end use industries such as healthcare, automotive & aerospace and substantial expansion of the chemical sector may augment the product demand during the forecast time period.

These products consist of 6 isomers which generally appear in the form of colorless crystals or clear dark amber liquid. Wide application scope in the industrial sector is likely to drive product demand over the forecast timeframe. It finds significant consumption in production of pesticides owing to its bactericidal properties and the ability to inhibit the growth of disease-causing mechanisms.

Xylenols Market Statistics

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Global 2,4 xylenols market share may record gains of over 3.5% through 2026. Rising research & development activities along with increasing technological advancements has enhanced product usage in agriculture industry. These products are vastly versatile and serve as raw materials in insecticides & herbicides production for agriculture industry.

Global insecticides business surpassed USD 16 billion in 2019 which signifies substantial opportunities in xylenols market growth. These products help in treating bacterial contagions including olive knot, crown gall and controls genetic disorder of ornamental trees & vine crops including cherry, walnuts, apple and almond.

The xylenols market includes a highly complex supply chain consisting of consists of raw material suppliers, manufacturers, distributors, and end-users. The raw material suppliers and manufacturers are based in different geographical locations. The market will observe increasing competitiveness along with technological advancements supplementing the product scope.

However, ongoing COVID-19 outbreak will lead to negative impact on xylenol market growth. The pandemic has caused governments imposing closedown across regions to slow down spread. The impositions have resulted in manufacturing plant shutdown which is hampering supply chain actions. These aftermaths have led in decreased profit margins of companies which may impact xylenols market by 2026.

Global Xylenols Market Report Coverage
Report Coverage Details
Base Year:2019
Market Size in 2019:USD 2.6 Billion
Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:6%
2026 Value Projection:USD 3.7 Billion
Historical Data for:2015 to 2019
No. of Pages:215
Tables, Charts & Figures:227
Segments covered:Application, Product
Growth Drivers:
  • Growing product demand in the disinfectants industry
  • Increasing product demand for resin & plastic production
Pitfalls & Challenges:
  • Toxicity impact on marine environment
  • Direct exposure might lead to health issues

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Growing 3,5 xylenols owing to its utilization as chemical intermediate

3,5 Xylenols Market

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3,5 xylenols market was over USD 370 million in 2019 and will be witnessing substantial growth during the forecasted time period. Rising product utilization as a chemical intermediate in phenolic resins, antioxidants, API and muscle relaxant drugs should accelerate market growth.

Global muscle related medicine business will surpass USD 2.5 billion by 2026. Rising occurrence of back ache along with rise in surgeries of elderly population and rising healthcare expenses are anticipated to favor industry growth.

Growing product penetration in oilfield chemicals will favor industry expansion

Xylenols Market by Oilfield Chemical Application

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Oilfield chemicals application segment exceeded 210 million in 2019 owing to growing product demand for sustainable oil exploration, extraction, and production. Additionally, increasing demand from petroleum, pharmaceuticals, and polymer industries may further boost the xylenols market growth.

Rising oil & gas exploration activities in the U.S. supported by booming shale revolution in region expanded oilfield services in the country, which will favour industry growth. Rising demand for global oilfield services owing to the rising oil & gas exploration across the globe due to escalating need for energy by residential & commercial sectors will further escalate the xylenols market revenue.

Global Government’s initiatives to decrease dependency of oil imports and to boost inland oil production to attain energy independency should further boost oilfield services demand which in turn will boost market size by 2026.  

Easy product availability and large production capacity in Asia Pacific will support market growth

Xylenols Market by Region

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Asia Pacific xylenols market surpassed USD 1.3 billion in 2019 and the region holds a major share in the global market. Ease in product availability due to large regional production capacity is among the key aspects supporting the industry share.

High production capacity of raw material including phenols is propelling regional market size. China, India, Japan, and Thailand are the largest agricultural countries in the region. Large pesticides consumption in countries is among the primary aspects supporting the Asia Pacific industry share. Additionally, the region also serves as a major market for disinfectant which also utilizes xylenol in its manufacturing.

The product is used in lower concentrations in wound-cleansing applications, antibacterial soaps, and household antiseptics. Disinfectants are mainly used in hospitals for cleaning of floors & surfaces, which will further spur regional xylenols market growth.

Mergers & acquisitions and capacity expansion to be key business strategies adopted by manufacturers

The global xylenols industry share is moderately consolidated in nature owing to presence of few key regional players that hold a significant share in the market. The companies develop their own supply chain networks to capture a larger industry share.

Sasol, SABIC, SI Group, Merck, DEZA a. s., Dorf Ketal, Honshu Chemical Industry Co., Ltd, and TCI Chemicals (India) Pvt. Ltd are the major contributors in the overall xylenols market. Companies are focusing on merger and acquisition of small and middle level players along with adding to current capacities in order to cater the growing product demand.

In December 2018, LGC Group announced the acquisition of M B H Analytical Ltd, a UK based manufacturer of metal alloy certified reference materials (CRMs). This strategy will boost the company’s product portfolio and product development capabilities through adoption of analytical methods and techniques.

In April 2015, SI Group Inc expanded its 2,6 Xylenol capacity in Freeport, Texas plant in the U.S. by approximately 7,000 metric tons per year. This strategy has enhanced the company’s production capacity and foothold in the North American market.

Global xylenols market report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Kilo Tons) and revenue (USD Million) from 2015 to 2026, for the following segments:

By Product

  • 2,3- Xylenols
  • 2,4- Xylenols
  • 2,5- Xylenols
  • 2,6- Xylenols
  • 3,5- Xylenols

By Application

  • Disinfectants
  • Solvents
  • Pharmaceuticals
  • Agrochemicals
  • Plasticizers
  • Oilfield chemicals
  • Resins
  • Others

The above information has been provided for the following regions:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Thailand
    • Malaysia
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

Frequently Asked Questions (FAQ) :

Expected CAGR that xylenols market is estimated to register is 6% over 2020-2026.
In 2019, the xylenols market registered a remuneration of USD 2.6 billion.
Global 2,4 xylenols market share may exhibit 3.5% CAGR through 2026, driven by rising technological advancements and increasing number of R&D activities.
3,5 xylenols market size was recorded at USD 370 million in 2019. The segment will experience substantial growth on account of increasing product usage as a chemical intermediate in phenolic resins.
3,5 xylenol is popularly used as an intermediate in antioxidants and muscle-related drugs. Consequently, rising muscle-related disorders and frequent occurrence of backache will fuel product demand. In fact, global muscle related medicine business may cross USD 2.5 billion by 2026.
Increasing product demand for sustainable oil extraction, exploration, and production will push market growth from oilfield chemicals application, which crossed USD 210 million in 2019.
The product will depict extensive traction in Asia Pacific, driven by convenient product availability and huge production capacity. APAC market crossed USD 1.3 billion in 2019.

Premium Report Details

  • Published Date: Aug 2020
  • Pages: 215
  • Tables: 196
  • Charts / Figures: 31
  • Companies covered: 19
  • Countries covered: 5

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