Global Xylenols Market Analysis

Global Xylenols Market Analysis

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-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 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.
 

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.
 

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.
 

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.