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Global Orthoxylene Market to Grow at a CAGR of 6.9 % from 2014-19: TechNavio

Published on 2015-02-27. Author : SpecialChem

London, UK – TechNavio has announced the publication of a new market research report on the Global Orthoxylene Market, which is expected to grow at a CAGR of 6.9 percent from 2014-2019.

About the Report
According to the new report, the Global Phthalic Anhydride Market is expected to witness steady growth in the driven by the rise in demand for polyvinyl chloride. The increased demand for plasticizers, dyes and resins has led to the strong market growth.
“Phthalates and unsaturated polyester resins have been the leading uses of phthalic anhydrides, which are expected to witness substantial growth during the forecast period,” says Faisal Ghaus, Vice President of TechNavio.

“It is also expected that Latin America and the APAC region will become the leading consumers during the forecast period, which will ultimately boost the Global Orthoxylene Market.”

The report also emphasizes the rise of China as the leading country in the Orthoxylene Market.

With increased economic and industrial development in China resulting in a rise in per capita income, there has been an increase in the consumption of various solvents and major end-products of orthoxylene like PVC pipes and other related products. This will provide a major opportunity for global orthoxylene manufacturers to increase their profitability and customer reach.

Key Information Covered in the Report:

Market segmentation, size and forecast through 2019

Market Growth Drivers:
• Upsurge in Global Phthalic Anhydride Market

Market Challenges:
• Instability in Crude Oil Prices

Market Trends:
• Huge Growth of Orthoxylene Market in China

Key Vendors:
• Exxon Mobil Corp. (ExxonMobil)
• Formosa Plastics Corp.
• Reliance Industries Ltd.
• Sinopec Ltd.

Other Prominent Vendors:
• DTE Energy
• KP Chemicals
• Tesco

About TechNavio
TechNavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the chemicals market.
TechNavio is a leading technology research and advisory company with a global coverage. The company focuses on emerging technology trends that can shape the market. It identifies and explains these trends to its customers to help them make better decisions.

TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. The company builds forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help its customers in identifying new and existing opportunities in their markets.

Source: TechNavio

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