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5-Isopropyl-m-Xylene Market Analysis | 2023-2028
5-Isopropyl-m-Xylene Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
The 5-isopropyl-m-xylene market was estimated at USD 158.1 million in 2022 and is likely to grow at a CAGR of 6.7% during 2023-2028 to reach USD 234.4 million in 2028.
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5-Isopropyl-m-Xylene, also known as 3,5-dimethylcumene or 3,5-dimethylisopropylbenzene, is primarily a laboratory chemical used to prepare terephthalic acid and its derivatives.
Rapid growth in the oil & gas sector coupled with increasing research activities for developing novel products and growing consumption of plastic products are likely to drive the market growth during the forecast period. Furthermore, the rising population leading to an increased demand for PET packaging and increasing industrial applications of laboratory chemicals are expected to accelerate the growth of the market in the coming years.
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Segmentations |
List of Sub-Segments |
Segments with High Growth Opportunity |
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Application Type Analysis |
Research, Organic Synthesis, and Terephthalic Acid & Related Derivatives |
The research segment is estimated to hold the major share of the market during the forecast period. |
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Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
North America is estimated to be the leading region in the 5-isopropyl-m-xylene market during the forecast period with the U.S. being the growth engine of the region. |
The market is segmented as research, organic synthesis, and terephthalic acid & related derivatives. The research segment is estimated to hold the major share of the market during the forecast period. Major factors such as increasing demand for chemical reagents in research and commercial programs, increasing R&D activities, growing demand for chemical intermediates, and technological advancements in nucleic acid testing and tissue & cell culture are expected to drive the overall industry growth in the coming years.
In addition, the organic synthesis-based application segment is likely to witness significant growth in the market during the forecast period. Rising demand for specialty chemicals is expected to drive the segment’s growth over the forecast period. Furthermore, its application in the healthcare and pulp & paper industries is likely to boost the market growth during the forecast period.
In terms of regions, North America is estimated to be the leading region in the 5-isopropyl-m-xylene market during the forecast period with the U.S. being the growth engine of the region. Growing investments in petroleum operation and shale gas extraction, as well as increasing technological advancements to save time and improve productivity, are expected to accelerate regional market growth over the next five years.
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The following are some of the key players in the 5-isopropyl-m-xylene market:
Note: The above list does not necessarily include all the top players in the market.
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This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s 5-isopropyl-m-xylene market realities and future market possibilities for the forecast period of 2023 to 2028. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as in the formulation of the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The 5-isopropyl-m-xylene market is segmented into the following categories:
By Application Type
By Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling`
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].
5-Isopropyl-m-Xylene, also known as 3,5-dimethylcumene or 3,5-dimethylisopropylbenzene, is primarily a laboratory chemical used to prepare terephthalic acid and its derivatives.
The 5-isopropyl-m-xylene market was estimated at USD 158.1 million in 2022.
The forecasted value of the 5-isopropyl-m-xylene market is expected to be USD 234.4 million in 2028.
The 5-isopropyl-m-xylene market is likely to grow at a CAGR of 6.7% during 2023-2028.
Hangzhou Dayangchem Co., Ltd., Henan Allgreen Chemical Co., Ltd., J&K Scientific Ltd., Jiangsu Aikang Biomedical R&D Co., Ltd., Santa Cruz Biotechnology, Inc., Sigma Aldrich, Spectrum Chemicals, Tokyo Chemicals Industry, Co., Ltd., Toronto Research Chemicals Inc., and VWR International, LLC are some of the key players in the market.
North America is estimated to lead the market in the coming years on account of growing investments in petroleum operation and shale gas extraction, as well as increasing technological advancements to save time and improve productivity.
The research application segment is estimated to maintain its dominance in the market in the coming years on account of the increasing demand for chemical reagents in research and commercial programs, rising R&D activities, growing demand for chemical intermediates, and technological advancements in nucleic acid testing and tissue & cell culture.
Rapid growth in the oil & gas sector coupled with increasing research activities for developing novel products and growing consumption of plastic products are likely to drive the market growth during the forecast period.
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