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5-Isopropyl-m-Xylene Market Share

Report ID: GMI4884
Published Date: Dec 2020
Report Format: PDF

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5-Isopropyl-m-Xylene Market Share

Global 5-isopropyl-m-xylene industry share is moderately concentrated. Companies are majorly looking for growth channels to increase the market presence through activities which include mergers & acquisition along with the increase in production capacity to meet the industry demand. Key industry participants include

Tokyo Chemicals
Sigma Aldrich Spectrum Chemicals
Toronto Research Chemicals
Santa Cruz Biotechnology
J&K Scientific

In August 2019, LGC Standards Canada Limited (LGC) announced a majority stake acquisition in Toronto Research Chemicals to increase its regional presence and also increase the product portfolio. This acquisition strategy will help LGC to enhance product offerings and increase the market share, particularly in North American region.

In September 2017, Spectrum Chemical Mfg. Corp. announced to enter into a distribution agreement with Cole-Parmer for distributing its fine chemicals products in the U.S. market. This strategy will help Spectrum Chemical to increase the sales of 5-isopropyl-m-xylene products along with capturing the 5-Isopropyl-m-xylene market share.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global market for 5-Isopropyl-m-xylene will record a CAGR of more than 7% up to 2026 owing to the rise in demand for chemical intermediaries and the steady growth of the oil & gas sector.

The market share from organic synthesis segment had reached USD 29 million during 2019 with the use in production of organic chemicals like ethylcumene and hydroperoxide.

North America is expected to surpass USD 40 million in sales due to the growing investments in shale gas exploration and downstream petroleum operations.

The global consumption of 5-Isopropyl-m-xylene is anticipated to reach 3,060 tons by 2026 with increasing number of R&D programs to develop novel products.