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Global Xylenols Market Size, Share and by Industry Analysis Report by Product (2,3- Xylenols, 2,4- Xylenols, 2,5- Xylenol, 2,6- Xylenols, 3,5- Xylenols) and Application (Disinfectants, Solvents, Pharmaceuticals, Agrochemicals, Plasticizers, Oilfield Chemicals, Resins), Country Outlook Application Development, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI3980
  • Published Date: Jan 2022
  • Report Format: PDF

Industry Trends

Global xylenols market was valued at over USD 2.6 billion in 2020 and is estimated to grow at over 6% CAGR through 2027 owing to the increasing demand from petroleum and polymer industries. Positive outlook for the oilfield chemicals industry is anticipated to fuel the product demand over the forecast timeframe.
 

xylenols market outlook

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Oil field services include well completion equipment & services, well intervention services, coiled tubing services, pressure pumping services, Oil Country Tubular Goods (OCTG), and wireline services. There is an increased 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.
 

Xylenols are widely used in oilfield biocide chemicals manufacturing for utilization in oil well treatment process. These help to prevent down hole emulsions and help in improving long-term production after fracturing. The growing demand for xylenol chemicals in various oilfield activities, such as sustainable oil exploration, extraction, and production, may drive the xylenols market growth.
 

Increasing demand for resin & plastic production will stimulate the demand for 2,4-xylenol

The global 2,4-xylenol market is projected to exceed USD 370 million by 2027 at over 6% CAGR. 2,4-xylenol is mainly used as an organic solvent and as a fungicide. It is an important chemical feedstock for products such as in resins, plastics, coatings, laminates, and construction materials. This compound is often blended with other phenolic compounds for use in solvents, mining and oilfield chemicals, and disinfectants.
 

2,4-xylenols market

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2,4-xylenol is used in the production of resins and plasticizer products owing to their excellent moisture, water, alcohol, alkali, and gasoline resistance. They exhibit good initial adhesion, tackiness, and stickiness, making them suitable for resin and plastic production. The potential scope of 2,4-xylenol as a curing accelerator to produce resins will create new growth opportunities for the global xylenol market.
 

2,4-xylenol is extensively used by end-user companies to produce resin-grade products such as unsaturated polyester resin, alkyd resin, epoxy resin, phenol resin, urethane resin petroleum resin, and acrylic resin. Growing demand from automotive, construction, and electronics & electrical industry will boost the xylenols market share during the forecast period.
 

Moreover, the manufacturers operating in resin & plastic industry are effectively utilizing xylenols as they provide efficiency and quality to final products. It also permits the manufacturers to minimize production cost, facilitate modular assembly practices, and improve the quality of the products.
 

Xylenols market from disinfectants application will be experiencing highest growth during the forecasted time period.

Xylenols market for disinfectants was approximately valued at USD 510 million in 2020 and is projected to grow at a CAGR of around 7% through 2027. Chlorinated xylenols are extensively used in the manufacture of disinfectants owing to its natural antibacterial and antifungal properties. These compounds are used in treating skin disinfection, cleaning surgical instruments and form a crucial part of infection control practices by enhancing the microbial resistance and reducing the penetration of gram-positive bacteria by disrupting the cell wall and stopping the function of enzymes.
 

xylenols market for disinfectants

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Rising expenditure on healthcare along with increasing incidences of hospital acquired infectious diseases such as surgical site infections and protection from virus on floor surface is likely to drive the xylenols demand in cleaning and disinfection application. Xylenol-containing disinfectants are mainly used in hospitals for cleaning of floors & surfaces.
 

Global disinfectants market is expected to surpass USD 49 billion by 2027. Increasing penetration of the product in antibacterial soaps, wound-cleansing applications, and household antiseptics will drive xylenols market growth in the foreseeable timeframe. These compounds are also experiencing demand as surface disinfectants in agricultural and animal husbandry applications which further accelerates xylenols market growth from disinfectants application.
 

The COVID-19 pandemic has affected the xylenols market negatively. Halt in the operations of manufacturing plants and decline in demand for resins, agrochemicals, solvents, plasticizers during lockdown has mainly affected the market growth. However, the recommencement of business operations is expected to boost the xylenols market sales in the upcoming years.
 

Advantages like low operating costs, cheap labor, and newly added production capacity will support Asia Pacific’s business growth

Asia Pacific xylenols market was valued at over USD 1.3 billion in 2020 and is expected to grow at over 7% CAGR between 2021 and 2027. The region holds a major share in the global market due to large production capacity of main phenol producing countries such as China, India, and Japan. Furthermore, advantages like low operating costs, cheap labour, newly added production capacity etc. are expected to boost Asia Pacific’s xylenols market.
 

xylenols market by region

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High consumption of agrochemicals by major agricultural producing countries such as China, India, Thailand, Indonesia etc., is supporting the regional market growth. Xylenols are predominantly used in antiseptic and disinfectant formulations which are used to disinfect surgical equipment, surfaces and medical devices. Thus, rising healthcare establishment in region will drive xylenols demand during the forecast period. Moreover, exponential increase of COVID-19 cases has increased the importance of personal hygiene across the region which further boost xylenols industry growth.
 

Extensive R&D activities, new product developments, and technological collaborations /partnerships of leading market players such as SASOL, Honshu Chemical Industry Co., Ltd., Konan Chemical Manufacturing Co., Ltd., SABIC along with the adoption of advanced manufacturing methods should also foster the xylenols market trends in the region up to 2027.
 

Merger & Acquisitions and Collaborations between industry participants is expected to accelerate market competitiveness

Key players operating in the xylenols industry include TCI Chemicals (India) Pvt. Ltd, LGC Group, Konan Chemical Manufacturing Co., Ltd., SI Group, SABIC, Honshu Chemical Industry Co., Ltd., Dorf Ketal, SASOL, Deepak Novochem Technologies Limited, and DEZA a. s.
 

Companies leading in xylenols market focus on merger & acquisitions and collaborations to increase their geographic reach, enhance their product portfolio and strengthen the company’s position in the global market. For instance, In December 2019, LGC Group acquired 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 June 2018, Sasol Performance Chemicals Division signed an exclusive agreement with U.S. based specialty chemicals distribution company Lintech International LLC for the distribution of inks, paints and coatings. This strategy will help Sasol to strategically align its resources to better serve its target markets, enhance the company’s sales and strengthen its presence in the U.S. xylenol market.
 

The global xylenols market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons & revenue in USD Million from 2016 to 2027 for the following segments:

By Product

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

By Application

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

The above information has been provided for the following countries:

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 (LATAM)
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Global xylenols market size exceeded USD 2.6 billion in 2020 and is expected to grow at a CAGR of 6% from 2021 to 2027 driven by the soaring demand from polymer and petroleum industries.

The market value from 2,4-xylenols is set to grow at a CAGR of 6% through 2027 owing to the increasing product usage as a fungicide and an organic solvent.

The market revenue from disinfectants is slated to exhibit a CAGR of 7% by 2027 considering the natural antifungal and antibacterial properties of the product.

Asia Pacific xylenols market share was around USD 1.3 billion in 2020 and is poised to witness a CAGR of 7% up to 2027 due to the large-scale production capacity of key phenol producing countries including Japan, India, and China.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 19
  • Tables & Figures: 227
  • Countries covered: 22
  • Pages: 215

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