Infrastructure Development to Fuel the Global Ortho-xylene Market | Technavio

LONDON–(BUSINESS WIRE)–#Research–The latest market research report by Technavio
on the global
ortho-xylene market predicts a CAGR of around 7% during the period
2017-2021.

The report segments the global ortho-xylene market by application
(phthalic anhydride and others) and by geography (APAC, Europe, North
America, and ROW). It provides a detailed illustration of the major
factors influencing the market, including drivers, opportunities,
trends, and industry-specific challenges.

Here are some key findings of the global ortho-xylene market,
according to Technavio chemicals
and materials researchers:

• Rising investment in infrastructure development: a major market driver
• Phthalic anhydride application accounted for more than 93% of the
  market share in 2016
• APAC is anticipated to grow at the fastest rate owing to the growth of
  automotive and construction industries in this region
• Braskem, Formosa Chemicals & Fibre, Reliance Industries, Royal Dutch
  Shell, and US Petrochemical are the leading players in the market

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Market growth analysis

Rising investment in infrastructure development is one of the major
factors driving the global ortho-xylene
market. The global construction industry is growing at a faster pace
with a major contribution from the emerging countries. The governments
of these countries are significantly investing in residential homes as a
large portion of the population is moving to metropolitan cities for
jobs, better lifestyle, and other amenities.

The increasing demand for infrastructure projects globally is expected
to drive the adoption of PVC. This, in turn, will fuel the growth of the
global ortho-xylene market during the forecast period as it is used in
the production of PVC.

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Geographical analysis

Technavio researchers anticipate high growth for the global ortho-xylene
market in APAC as it is the largest market for phthalic anhydride.
The chemical has high applications in the agriculture, pharmaceuticals,
and textile industry, especially in countries such as China, India, and
Japan.

According to Kshama Upadhyay, a lead analyst at Technavio for research
on specialty
chemicals, “The construction market in APAC is expected to grow
at the fastest CAGR and occupy the largest market share of the global
construction market. China is the dominating country in the region due
to the high demand from the construction industry. Moreover, the growing
requirement for commercial infrastructure, industrial buildings, and the
expansion of road and railway network in China is expected to drive the
demand for industrial and decorative coatings and paintings in this
region, which augurs well for the growth of the market.”

Competitive vendor landscape

The market is moderately fragmented in nature. Key vendors have
integrated their business in the backward direction in a cost-effective
way. The competitive environment in the market might intensify over the
next five years as vendors are competing based on factors such as the
cost of production, innovation in products, price, operational cost, R&D
cost, and product quality.

The use of ortho-xylene in automotive coatings is gaining popularity in
automobiles and transportation industries due to its durability,
sustainability, resistivity, safety, performance, efficiency, and
cost-effectiveness. This increased demand from the automobile industry
is expected to further drive the global ortho-xylene market.

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ortho-xylene market report free of cost

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