The latest industry research report on Ortho-xylene by MRC provides a thorough analysis of the global Ortho-xylene market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the Ortho-xylene industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative analysis of the industry taking into consideration the significant development factors, competition in the market, and important reasons impacting the market growth.
MRC recognizes the following companies as the key players in the global ortho-xylene market: Braskem, Formosa Chemicals &Fibre, Reliance Industries, Royal Dutch Shell, and US Petrochemical.
Other Prominent Vendors in the market are: China National Petroleum, LOTTE CHEMICAL, MP Biomedicals, Nutan Chemicals, PTT Global Chemical, Sigma-Aldrich, and Tokyo Chemical Industry.
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Commenting on the report, an analyst from MRC’s team said: “One trend in the market is surge in pricing margin. Phthalic anhydride price margins have surged in 2016 as compared with past five years. This is due to surge in demand for phthalic anhydride to make di-octyl phthalate (DOP). Moreover, the margins are mostly in negative since 2012 and flipped to positive from 2016.”
According to the report, one driver in the market is increased demand from automobile industry. The global automobile industry has witnessed a significant growth in past two decades. Ortho-xylene is used in insulation, sealing, bonding, and coating of different automotive parts such as engine, drive train, electrical system, electronics, interior, and body. 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 driving the global ortho-xylene market.
Further, the report states that one challenge in the market is logistical concern related to hazardous chemicals. Safe transportation of hazardous chemicals such as ortho-xylene across the globe is one of the biggest concerns. The growth of the chemical industry has led to an increase in the safety concerns of chemical logistics as freight traffic has witnessed a sharp increase. The shortage of untrained professionals for handling the packaging and transportation of hazardous chemicals and the lack of awareness about new and emerging trends and technologies are some of the major drawbacks witnessed globally.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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The research report focuses on the analysis of its major geographies, and different segments. This all-inclusive study discusses the current market development and trends, important factors driving market growth like drivers, restraints, market projections, and market structure for each region and its sub-segments. It also provides glimpses on the recent technological advancements in the market along with detailed profiles of key industry players. The report also includes an analysis of the micro and macro aspects noteworthy for the present active and the new entities apart from the study of the value chain.
Key Topics Covered in the Report:
- Comprehensive overview of parent market with market definition, classification
- Recognition of factors influencing the market scenarios and analysis of market drivers, barriers, and their impact on the market growth
- Current and future market trends, market scope and detailed market segmentation on the basis of application, region, and competitive scenario
- Value Chain Analysis, Strategic insights, and market estimations
- Facts, stats, historical data, market size forecast regarding volume and value
- Analysis of competitive landscape and assessments on a regional scale with company profiles of leading market players, finance metrics, product offerings and key business strategies and growth prospects for the projected period
- Insights on prospective opportunities and challenges, success and risk
The report brings to your attention analysis of the Ortho-xylene market in major geographies including North America, Europe, the Asia-Pacific, and the Rest of the World. This research report provides a complete insight of the market trends and guides in making informed business decisions. It gives a clear understanding of the competitive environment, key market players, their portfolio, and strategies. It also features a technological growth map over a time and helps understand its impact on the market.
Market Scope
The research report takes different facets into consideration to scrutinize the global Ortho-xylene industry. It brings to your attention market overview, market trends and future outlook, market growth and dynamics, market challenges and opportunities, competitive landscape, and potential investment segment.
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