According to the recent research report titled ‘Global Xylenols Market Size By Product, By Application, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global xylenols market is projected to record substantial growth during 2020-2026.
 

Surging product demand for resin & plastic production as well as in disinfectant sector is the key factor driving the growth of global xylenols market. For those uninitiated, xylenols are natural phenolic compounds and are found in various smoked foods, essential oils from tea, conifers, roasted coffee, and tobacco smoke.
 

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Xylenols are extremely versatile compounds and, due to their unusual reactivity and solvency properties, are key raw materials in many various manufacturing processes. The product is also used to produce phosphate esters, which are used in power plants as fire-resistant working fluids, thereby stimulating global xylenols industry outlook.
 

Also, xylenols are utilized in production of antioxidants for jet fuel additives and sportswear. However, toxicity impact on marine environment and direct exposure of the product might lead to health issues, which in turn is likely to act as a restraining factor for the industry expansion.
 

Speaking of product type, 2,4 xylenols segment is projected to record a CAGR of 3.5%between 2020 and 2026. The product is a fungicide and disinfectant with a variety of agricultural uses along with various industrial applications, which in turn is fueling the segmental share of global xylenols market.
 

On the other hand, the 2,5 xylenols segment is likely to surpass USD 1 billion valuation by the year 2026, primarily due to its widespread adoption as a flavoring ingredient in alcoholic beverages, coffee, and whiskey.
 

Based on application spectrum, global xylenols market share from others segment is anticipated to register 2.5% CAGR through 2026.
 

Citing the regional landscape, North America xylenols industry is expected to surpass valuation of USD 700 million through 2026, owing to high adoption of the product as a disinfectant. Meanwhile, the report states that the Latin America xylenols industry is projected to register a y-o-y growth rate of 3.5% during 2020-2026.
 

Middle East & Africa industry is anticipated to exceed valuation of USD 90 million by the year 2026 due to widespread adoption of the product in oilfield chemicals.
 

Major contenders in global xylenols market are Hunan Lijie Biochemical Co. Ltd., HPC Standards GmbH, HiMedia Laboratories Pvt. Ltd., Praise Sino Ltd., Tokyo Chemical Industry Co. Ltd., Penta Manufacturing Company, Biosynth Carbosynth, LGC Limited, Alpha Chemika, Honshu Chemical Industry Co. Ltd., Hangzhou Huasheng Pharm & Chem Co. Ltd., Konan Chemical Manufacturing Co. Ltd., DEZA a.s., Nanjing Datang Chemical Co. Ltd., Deepak Novochem Technologies Limited, Dorf Ketal Chemicals LLC, SI Group Inc., Sasol Limited, and Merck KGaA.