Reports estimate that the global 5-Isopropyl-m-xylene market size will garner substantial revenue by the end of 2026. The market growth will be driven by the increasing product consumption across numerous end-use verticals.
In terms of the applications, the market is segmented into organic synthesis, research chemical, and terephthalic acid & related derivatives. The 5-Isopropyl-m-Xylene industry share from terephthalic acid and related derivative application segment had surpassed US$110 million in 2019 and it is estimated to grow at a robust 7% CAGR through 2026.
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5-Isopropyl-m-Xylene is extensively used in the production of terephthalic acid and its derivatives. The increasing demand for these compounds across numerous industry verticals will bolster the market outlook.
Purified terephthalic acid (PTA) finds wide use in the production of polyester based coatings and resins utilized in the formulation of automotive components, metals, electronic appliances, coil coatings, and industrial maintenance equipment. It is typically used with NPG glycol in polyester powder coating resins. It also finds application in unsaturated polyester resins which are used in fiberglass reinforced plastics.
A vast majority of the terephthalic acid commercially produced is used as precursor to polyethylene terephthalate (PET). The product is expected to witness a significant demand in the manufacturing of polybutylene terephthalate and numerous other engineering polymers. Polyester fibers made of terephthalic acid offer easy fabric care, in blend with natural and synthetic fibers or by itself. Polyester films are widely used in audio and video recording tapes, photographic films, data storage tapes, labels, and several other sheet materials that require both toughness and dimensional stability.
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Some of the other major applications of PTA include adhesives, sealants, architectural coatings, graphic arts, general industrial coatings, paints & varnishes, water packaging, protective coatings, and wind energy applications. The extensive application of the compound can be attributed to superior properties such as excellent hardness to flexibility ratio and high resistance against chemicals and stains.
It offers an ideal glass transition temperature range and exceptional power flow characteristics. Additional properties such as excellent weathering and fluidization characteristics make PTA highly desirable in these applications.
From a regional point of view, the 5-Isopropyl-m-xylene market in Latin America was valued at US$5.2 million in 2019 and it is set to expand at a CAGR of more than 6.9% up to 2026. Meanwhile, the Middle East and Africa 5-Isopropyl-m-Xylene industry size will grow at a CAGR of 7.7% up to 2026, reaching an annual valuation of around US$25 million.