Home > Pressrelease > Global Xylenols Market size to exceed USD 3.9 billion by 2027
Global Xylenols Market size to exceed USD 3.9 billion by 2027
- Published Date: February 2, 2022
According to a new research report by Global Market Insights Inc., the Xylenols Market size is set to surpass USD 3.9 billion by 2027.
Xylenol is a derivative of phenol having a hydroxyl group and two methyl groups. Extensive usage as solvents, mining & oilfield chemicals, and disinfectants is propelling the xylenols business expansion. They find wide application scope in various end use industries such as agrochemicals, pharmaceuticals, artificial resins, rubber chemicals and many others.
Xylenols witness high demand in disinfecting chemicals due to its natural antibacterial and antifungal properties. Its highly beneficial attributes as an antiseptic and disinfectant agent. These compounds are used for disinfection and sanitization in hospitals and households. Increasing penetration of the product in antibacterial soaps, wound-cleansing applications, and household antiseptics will drive the xylenols market growth in the foreseeable timeframe.
Increasing prevalence of lower back pain and spasm conditions among the geriatric population is expected to increase the utilization of 3,5 xylenols in muscle relaxants
The global 3,5 Xylenols market is anticipated to cross USD 550 million by 2027 and is expected to with a CAGR of 8% during the forecast period. Rising product utilization as a solvent for cleaning applications, as a raw material for adhesives, phenolic resins and active pharmaceutical ingredients should accelerate the xylenols market share.
3,5 xylenols is also used as a chemical intermediate in metaxalone (muscle relaxant) which is used for the symptomatic treatment of musculoskeletal pain caused by strains, sprains, and other musculoskeletal conditions. Global muscle relaxant drugs market is expected to reach USD 2.7 billion by 2025 due to the increasing prevalence of lower back pain, spasm conditions and number of surgeries among geriatric population. Rising healthcare expenditures of relaxant drugs is expected to?boost?muscle relaxant drugs market?growth.
Browse key industry insights spread across 215 pages with 195 market data tables and 30 figures & charts from the report, “Global Xylenols Market 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), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Consistently growing demand from horticulture will boost the market of xylenols for agrochemicals during the forecast period
The global xylenols market for agrochemicals was valued at over USD 570 million in 2020. Xylenols are being increasingly utilized in production of agrochemicals such as insecticides and fungicides. These products are used as pesticides such as insecticides chemicals, herbicide chemicals, fungicides, and nematicides chemicals on account of their antimicrobial properties.
Xylenols are also used in synthetic fertilizers, and other chemical growth agents. They help in treating various bacterial infections such as crown gall, olive knot and controls the genetic disorder in vine crops, fruits, and nuts such as almond, cherry, apple, and walnuts.
Strong application scope in resins and plasticizers is anticipated to drive North America xylenols market
North America xylenols market is expected to surpass USD 750 million by 2027 with a CAGR of over 5%. Xylenols are used as an additive in the production of engineering resin such as epoxy, alkyd, phenol, PU/polyester, acrylic, and petroleum resins. Xylenol resins can significantly improve corrosion resistance and electrical insulation properties in numerous products.
Xylenol also provides a faster method for curing phenol-aldehyde-type resins that is superior in color-stability, hardness, and other physical properties compared to other alternatives. Increasing application of resins in automotive industry hood components, exteriors, and interior components of automobiles is expected to support xylenols demand.
Xylenols are also utilized in the preparation of plasticizers to increase the elasticity and softening properties of materials. Plasticizers are used as additives to convert Polyvinyl Chloride (PVC) polymer into a pliable, soft, and elastic material. Consistently increasing demand from construction, electronics & electrical and automobile manufacturing will propel xylenols market growth in region.