5-Isopropyl-m-Xylene Market Analysis

5-Isopropyl-m-Xylene Market Analysis

5-Isopropyl-m-xylene finds growing usage in organic synthesis as well as research chemicals in different industries which include life science, proteomics research, petrochemicals, and pharmaceuticals. Rising chemical reagents demand for research and commercial programs should drive the 5-isopropyl-m-xylene market share over the forecast timeframe. Growth in R&D programs for the novel products developments will increase the product penetration globally. Global 5-isopropyl-m-xylene consumption is likely to surpass 3,060 tons by 2026 which indicates ample market growth opportunities.
 

Technological advancements in the field of nucleic acid testing and tissue & cell culture is likely to boost 5-isopropyl-m-xylene demand. The research industry is witnessing an increase in adoption of monoclonal antibody therapeutics and cell culture manufacturing, which is likely to boost research chemicals demand.
 

5-isopropyl-m-xylene is also used for chemical intermediates production which including 3,5-xylenol which is used in the formulation of different pesticides and insecticides. The product also finds application as a solvent for silver nanoparticle inks and perylene pigments preparation.
 

Growth in corrosion-resistant materials demand which include phenacryl resins and vinylester due to rise in infrastructure developments has registered an increase in hydroperoxides consumption. Hydroperoxides are vital compounds which are essential in curing of vinylester and phenacryl resins in cobalt accelerator presence.
 

5-isopropyl-m-xylene is an essential raw material used for hydroperoxides production with liquid-phase catalytic oxidation-based process. Rise in urbanization along with improvement in economic growth should boost construction development in China, India, Mexico, and Brazil. The Chinese construction industry was valued at over USD 960 billion in 2019, which should boost the 5-isopropyl-m-xylene market growth.
 

As per the Globally Harmonized System (GHS) of Classification and Labelling of Chemicals, the product is classified into flammable liquid. The product can cause significant health risks which can include respiratory tract irritation due to inhalation and skin irritation on exposure. The hazardous nature along with the risk of explosion due to flammability is likely to restrain 5-isopropyl-m-xylene market growth over the forecast timeframe.

Global 5-isopropyl-m-xylene market is bifurcated into applications which includes research, organic synthesis and terephthalic acid & related derivatives. Organic synthesis-based application was valued over USD 29 million in 2019 and should register healthy growth rates. The compound is used production of different organic chemicals which include hydroperoxide and ethylcumene through oxidation process and are used in various such as healthcare and pulp & paper. These chemicals are used due to their antiseptic and belching properties.
 

Growth in xylenol demand which is used a solvent in oil and mining industries in regions such as North America and Middle East due to rise in oil & gas sector should boost 5-isopropyl-m-xylene demand. It is one of the important raw material for xylenol production. COVID-19 outbreak is also likely to support the 5-isopropyl-m-xylene market sales which is an alkylbenzene due to growth in surfactants & detergents industry.

North America should witness considerable gains to witness sales of over USD 40 million by the end of 2026. The region is witnessing a growth in investment in downstream petroleum operations along with shale gas extraction.
 

U.S. is the major user of 5-isopropyl-m-xylene in the North American region. The U.S. oil & gas sector is driven by the adoption of various technological advancements which include machine learning tools to provide intelligence cost savings and pending events. In the recent years, the U.S. has become a net exporter of oil & petroleum products.
 

The U.S. oil exports are also likely to surpass Russia & is likely to come close to Saudi Arabia over the forecast period. The IEA estimates that increase in oil production over the next decade is likely to be witnessed from the U.S. The U.S. oil & gas sector revenue was over USD 175 billion in the year 2018 which is likely to support the 5-isopropyl-m-xylene market revenue over the forecast period.