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Global Xylenols Market Size

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

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Global Xylenols Market Size

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.

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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.

Xylenols Market Report Attributes
Report Attribute	Details
Base Year:	2020
Xylenols Market Size in 2020:	2.60 Billion (USD)
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	6%
2027 Value Projection:	3.9 Billion (USD)
Historical Data for:	2016 to 2020
No. of Pages:	215
Tables, Charts & Figures:	227
Segments covered:	Product, Application
Growth Drivers:	Growing product demand in the disinfectants industry Increasing product demand for resin & plastic production
Pitfalls & Challenges:	Toxicity impact on marine environment Direct exposure might lead to health issues

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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.