Report Overview

India Ortho-Xylene Market - Industry Trends & Forecast Report, 2030

India Ortho-Xylene Market size was estimated to be worth USD 182.40 million in 2023. During the forecast period between 2024 and 2030, India Ortho-Xylene Market size is projected to grow at a CAGR of 5.72%, reaching a value of USD 266.5 million by 2030. Major growth factors for India Ortho-Xylene Market include its use in producing a wide range of products, including paints and adhesives, solvents, resins, and plastics. The expanding packaging and building & construction industry of the country is anticipated to drive India Ortho-Xylene Market during the forecast period.

Ortho-Xylene – Overview

Ortho-xylene or O-xylene is a viable isomer of xylene. It comprises 5% para-xylene, meta-xylene and 95% ortho-xylene. Xylenes are petrochemicals structured by the process of coal carbonization along with catalytic reactions, which are utilized in producing coke fuel. They are employed in clinical innovations and numerous industries in the form of solvents. Xylenes occur in wood tar and coal, among various structures. There are mainly three kinds of xylenes: meta-xylene (m-xylene), ortho-xylene (o-xylene), and para-xylene (p-xylene). Ortho-xylene is utilized in paints. The extraction of ortho-xylene is done through refining from the xylene stream in a plant expected for para-xylene manufacturing.

India Ortho-Xylene Market

Growth Drivers

Surging Demand from Expanding Paint and Coatings Industry

The flourishing paint and coatings sector of India is emerging as one of the leading growth factors for the India Ortho-Xylene Market. The high concentration of major paint companies, such as Asian Paints, Berger Paints, and Kansai Nerolac, along with a growing number of new entrants, are anticipated to fuel the demand for ortho-xylene over the forecast period. Furthermore, increasing construction activities for infrastructural development, rising investment in the sector, and growing disposable income are anticipated to fuel the demand for paints from the real estate sector, which in turn is projected to drive India Ortho-Xylene Market during the period in analysis.

Challenges

Health Hazards associated with Ortho-Xylene

Ortho-xylene is an extremely toxic substance and can pose serious threats to human health as its exposure can irritate the skin, eyes, and mucous membranes. According to a paper published on Science Direct, long-term exposure to ortho-xylene may also cause nausea, vomiting, dyspnea, and dermatitis. The Centers for Disease Control, United States, also states that serious exposure to ortho-xylene can lead to irregular heartbeat, fainting, and even death in certain extreme cases. These hazardous effects of ortho-xylene may restrain the growth of India Ortho-Xylene Market over the forecast period.

Impact of Escalating Geopolitical Tensions on India Ortho-Xylene Market

Further spreading and intensifying geopolitical tensions among countries across the major regions could hinder the growth of India Ortho-Xylene Market. Geopolitical, economic, and trade tensions could directly lead to disruption in the global supply chain, which affects the procurement of raw materials necessary for ortho-xylene production. It results in delays and shortages of the availability of ortho-xylene in the market, impacting the operations of its major end-user industries as well, including the paint and automotive industries. In addition, these conflicts and tensions also cause fluctuations in oil and chemical prices. As ortho-xylene is derived from petrochemical processes, any increase in crude oil prices or instability in oil-producing regions can raise production costs, affecting market growth.

India Ortho-Xylene Market

Segmental Coverage

India Ortho-Xylene Market – By Type

Based on type, India Ortho-Xylene Market is segmented into ortho-xylene, meta-xylene, and para-xylene. The ortho-xylene segment holds the largest share of India Ortho-Xylene Market by type. The expanding paint and adhesive industry is emerging as a major driving factor for the growth of the ortho-xylene segment. Ortho-xylene is used in the paint industry to thin oil-based paints, primers, and enamels. It also serves many other purposes, such as dissolving paints' resins and pigments and reducing their viscosity.

India Ortho-Xylene Market – By Application

On the basis of application, India Ortho-Xylene Market is segmented into phthalic anhydride, bactericides, herbicides, and lube oil additives. The phthalic anhydride segment accounts for the highest market share of India Ortho-Xylene Market by application. The growth of the segment is mainly attributed to its extensive utilization in the plastic industry to produce phthalate esters. Phthalic anhydride is an important industrial chemical that is involved in the production of a wide range of products, including polyester resins, rubber, solvents, dyes, and detergents. The expanding industrial sector, including the construction, automotive, and plastic industries, is fueling the demand for phthalic anhydride in the market.

India Ortho-Xylene Market – By End Use

By end use, India Ortho-Xylene Market is segmented into automotive, building & construction, paints & coatings, aerospace & defense, electrical & electronics, agrochemical, oil & gas, and chemical. The automotive segment is projected to register a high growth rate during the forecast period. Ortho-xylene is extensively used in the automotive sector for a wide range of applications, such as to make high-performance coating and resins that are used in the automotive sector for painting, coating, and molding of body parts. India is the world's third-largest automobile market and produced 28.43 million vehicles in FY 2024 according to official data. The expanding production of automobiles is directly propelling the demand for ortho-xylene in the sector.

India Ortho-Xylene Market – By Region

The in-depth research report on India Ortho-Xylene Market covers the following major regions: North India, South India, East India, and West India. South India dominates India Ortho-Xylene Market owing to the high concentration of chemical and petrochemical production in the region, particularly in Tamil Nadu and Karnataka. The region is significantly flourishing in agrochemicals, specialty chemicals, and pharmaceuticals, which directly fuels the demand for ortho-xylene. Furthermore, South India’s geographical location also plays an important role in its market growth as it provides access to major ports, which eases the imports and exports of raw materials and products.

Competitive Landscape

Major companies in the intensely competitive India Ortho-Xylene Market include Reliance Industries Limited, BPCL, HPCL, GAIL (India) Limited, Indian Oil Corporation Limited, NOCIL, SRF Limited, Vinati Organics Limited, and Gujarat NRE Coke Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Type

• Ortho-Xylene

• Meta-Xylene

• Para-Xylene

By Application

• Phthalic Anhydride

• Bactericides

• Herbicides

• Lube Oil Additives

By End Use

• Automotive

• Building & Construction

• Paints & Coatings

• Aerospace & Defense

• Electrical & Electronics

• Agrochemical

• Oil & Gas

• Chemical

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Ortho-Xylene Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rising Demand for Phthalic Anhydride
         2. Expanding Construction and Automotive Sectors
         3. Growing Demand for Plasticizers
      2. Restraints
         1. Volatility in Crude Oil Prices
         2. Environmental Concerns
      3. Opportunities
         1. Increasing Use in Other End Uses
         2. Economic Growth in Emerging Markets
      4. Challenges
         1. Competition from Substitutes
         2. Economic Downturns
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Ortho-Xylene Market: Marketing Strategies
5. India Ortho-Xylene Market: Pricing Analysis
6. India Ortho-Xylene Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Ortho-Xylene
         2. Meta-Xylene
         3. Para-Xylene
      2. By Application
         1. Phthalic Anhydride
         2. Bactericides
         3. Herbicides
         4. Lube Oil Additives
      3. By End Use
         1. Automotive
         2. Building & Construction
         3. Paints & Coatings
         4. Aerospace & Defense
         5. Electrical & Electronics
         6. Agrochemical
         7. Oil & Gas
         8. Chemical
      4. By Region
         1. North India
         2. South India
         3. East India
         4. West India
7. North India Ortho-Xylene Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End Use
8. South India Ortho-Xylene Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End Use
9. East India Ortho-Xylene Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End Use
10. West India Ortho-Xylene Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Application
       3. By End Use
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Ortho-Xylene Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Ortho-Xylene Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Reliance Industries Limited
    2. BPCL
    3. HPCL
    4. GAIL (India) Limited
    5. Indian Oil Corporation Limited
    6. NOCIL
    7. SRF Limited
    8. Vinati Organics Limited
    9. Gujarat NRE Coke Limited
    10. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       India Ortho-Xylene  Segmentation     

Figure 2       India Ortho-Xylene Market Value Chain Analysis     

Figure 3       Company Market Share Analysis, 2023

Figure 4       India Ortho-Xylene Market Size, By Value (USD Million), 2019–2030   

Figure 5       India Ortho-Xylene Market Share, By Type , By Value, 2019–2030      

Figure 6       India Ortho-Xylene Market Share, By Application, By Value, 2019–2030        

Figure 7       India Ortho-Xylene Market Share, By End Use, By Value, 2019–2030  

Figure 8       North India Ortho-Xylene Market Size, By Value (USD Million), 2019–2030    

Figure 9       North India Ortho-Xylene Market Share, By Type , By Value, 2019–2030       

Figure 10     North India Ortho-Xylene Market Share, By Application, By Value, 2019–2030

Figure 11     North India Ortho-Xylene Market Share, By End Use, By Value, 2019–2030   

Figure 12     South India Ortho-Xylene Market Size, By Value (USD Million), 2019–2030   

Figure 13     South India Ortho-Xylene Market Share, By Type , By Value, 2019–2030      

Figure 14     South India Ortho-Xylene Market Share, By Application, By Value, 2019–2030         

Figure 15     South India Ortho-Xylene Market Share, By End Use, By Value, 2019–2030  

Figure 16     East India Ortho-Xylene Market Size, By Value (USD Million), 2019–2030      

Figure 17     East India Ortho-Xylene Market Share, By Type , By Value, 2019–2030

Figure 18     East India Ortho-Xylene Market Share, By Application, By Value, 2019–2030

Figure 19     East India Ortho-Xylene Market Share, By End Use, By Value, 2019–2030     

Figure 20     West India Ortho-Xylene Market Size, By Value (USD Million), 2019–2030     

Figure 21     West India Ortho-Xylene Market Share, By Type , By Value, 2019–2030       

Figure 22     West India Ortho-Xylene Market Share, By Application, By Value, 2019–2030

Figure 23     West India Ortho-Xylene Market Share, By End Use, By Value, 2019–2030    

List of Tables

Table 1        India Ortho-Xylene Market Size, By Value (USD Million), 2019–2030

Table 2        India Ortho-Xylene Market Size, By Type , By Value, 2019–2030

Table 3        India Ortho-Xylene Market Size, By Application, By Value, 2019–2030

Table 4        India Ortho-Xylene Market Size, By End Use, By Value, 2019–2030

Table 5        North India Ortho-Xylene Market Size, By Value (USD Million), 2019–2030

Table 6        North India Ortho-Xylene Market Size, By Type , By Value, 2019–2030

Table 7        North India Ortho-Xylene Market Size, By Application, By Value, 2019–2030

Table 8        North India Ortho-Xylene Market Size, By End Use, By Value, 2019–2030

Table 9        South India Ortho-Xylene Market Size, By Value (USD Million), 2019–2030

Table 10      South India Ortho-Xylene Market Size, By Type , By Value, 2019–2030

Table 11      South India Ortho-Xylene Market Size, By Application, By Value, 2019–2030

Table 12      South India Ortho-Xylene Market Size, By End Use, By Value, 2019–2030

Table 13      East India Ortho-Xylene Market Size, By Value (USD Million), 2019–2030

Table 14      East India Ortho-Xylene Market Size, By Type , By Value, 2019–2030

Table 15      East India Ortho-Xylene Market Size, By Application, By Value, 2019–2030

Table 16      East India Ortho-Xylene Market Size, By End Use, By Value, 2019–2030

Table 17      West India Ortho-Xylene Market Size, By Value (USD Million), 2019–2030

Table 18      West India Ortho-Xylene Market Size, By Type , By Value, 2019–2030

Table 19      West India Ortho-Xylene Market Size, By Application, By Value, 2019–2030

Table 20      West India Ortho-Xylene Market Size, By End Use, By Value, 2019–2030

Table 21      Reliance Industries Limited Company Overview

Table 22      Reliance Industries Limited Financial Overview

Table 23      BPCL Company Overview

Table 24      BPCL Financial Overview

Table 25      HPCL Company Overview

Table 26      HPCL Financial Overview

Table 27      GAIL (India) Limited Company Overview

Table 28      GAIL (India) Limited Financial Overview

Table 29      Indian Oil Corporation Limited Company Overview

Table 30      Indian Oil Corporation Limited Financial Overview

Table 31      NOCIL Company Overview

Table 32      NOCIL Financial Overview

Table 33      SRF Limited Company Overview

Table 34      SRF Limited Financial Overview

Table 35      Vinati Organics Limited Company Overview

Table 36      Vinati Organics Limited Financial Overview

Table 37      Gujarat NRE Coke Limited  Company Overview

Table 38      Gujarat NRE Coke Limited  Financial Overview