The o-xylene prices in the USA for Q4 2023 reached 977 USD/MT in December. The market struggled due to falling feedstock costs and macroeconomic pressures, which included inflation and high interest rates. The reduced production costs and weak demand from the phthalic anhydride sector led to lower prices. Despite global supply disruptions, local inventory remained adequate, pushing producers to reduce prices further.

O-Xylene Prices December 2023

Product	Category	Region	Price
O-Xylene	Feedstock	USA	977 USD/MT
O-Xylene	Feedstock	South Korea	960 USD/MT
O-Xylene	Feedstock	Germany	1275 USD/MT

Explore IMARC’s newly published report, titled “O-Xylene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of o-xylene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Get the latest insights on price movement and trend analysis of O-Xylene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the O-Xylene Price Change in July 2025? Throughout Q2 2025 the O-Xylene Price Index in the U.S. experienced fluctuations before finishing at USD 900/MT FOB Texas; prices increased about 7.1% last week, rebounding from recent price stability a May drop.

Why did the Nitro-O-Xylene Price Change in July 2025? The Nitro-o-Xylene Price Index in China exhibited a consistent downward trajectory throughout Q2 2025, declining cumulatively by over 7% across the quarter, settling at around USD 2810/MT during June 2025

The Report Covers Ortho Xylene Uses & Price Trends and is Segmented By Application (Phthalic Anhydride, Bactericides, Soybean Herbicides, Lube Oil Additives, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Sizes and Forecasts will be provided in terms of Value (USD billion) for the Above Segments.

The global market for ortho-xylene is USD 4,312 million in 2025 and will be USD 6,667 million in 2035 at a CAGR of 4.5%.

Metric	Value
Market Size in 2025	USD 4,312 million
Projected Market Size in 2035	USD 6,667 million
CAGR (2025 to 2035)	4.5%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
USA	4.9%

Country	CAGR (2025 to 2035)
UK	4.5%

Region	CAGR (2025 to 2035)
European Union (EU)	4.6%

Country	CAGR (2025 to 2035)
Japan	4.8%

Country	CAGR (2025 to 2035)
South Korea	4.7%

Segmentation Outlook

Type	Market Share (2025)
Ortho-xylene	41%

Application	Market Share (2025)
Phthalic Anhydride	58%

Competitive Outlook

Company Name	Estimated Market Share (%)
Reliance Industries Limited	15-18%
ExxonMobil Corporation	12-15%
Formosa Chemicals & Fibre Corp	10-13%
Royal Dutch Shell PLC	8-11%
BASF SE	5-8%
Other Companies (combined)	35-50%

O-Xylene Market Outlook

The global O-Xylene market size was estimated to be around USD 5 billion in 2023 and is projected to reach approximately USD 7.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period. The growth of the market is primarily driven by the increasing demand for o-xylene derivatives, especially phthalic anhydride, which is extensively used in the production of plasticizers, unsaturated polyester resins, and alkyd resins. This demand surge is fueled by the growth in the automotive and construction sectors, which are major consumers of these derivatives. Additionally, the rising consumer preference for high-performance and lightweight materials in the automotive industry further supports the market expansion.

The increasing application of o-xylene as a solvent in the paint and coatings industry is another significant growth factor for the market. Paints and coatings are experiencing a surge in demand, particularly in emerging economies where infrastructural development and urbanization are on the rise. O-xylene, being a highly efficient solvent, facilitates the production of high-quality paints and coatings, thus gaining substantial traction in the industry. Moreover, with the growing emphasis on improving the longevity and durability of buildings and structures, the need for advanced coating solutions is expected to drive the demand for o-xylene further. This trend is anticipated to continue over the forecast period, positively impacting the market growth.

The chemical intermediates segment also contributes significantly to the expansion of the o-xylene market. As industries advance toward more sustainable and efficient chemical processes, the requirement for reliable intermediates like o-xylene becomes crucial. This compound plays a vital role in synthesizing various chemical products, including phthalic anhydride, which is integral to numerous industrial applications. The consistent growth of the chemical sector, coupled with ongoing research and development activities aimed at enhancing production efficiencies, is poised to bolster the demand for o-xylene in the coming years.

Regionally, Asia Pacific dominates the o-xylene market, accounting for the largest share owing to its robust industrial base and thriving end-use industries such as automotive and construction. The economic expansion and increasing disposable incomes in countries like China and India have accelerated the demand for consumer goods and automobiles, thereby boosting the need for o-xylene. Meanwhile, North America and Europe also present significant opportunities due to the presence of advanced chemical manufacturing facilities and a focus on sustainable production methods. The Middle East and Africa, while smaller in market size, are witnessing noticeable growth as urbanization and industrialization trends gain momentum in these regions.

Application Analysis

The solvent application of o-xylene represents a crucial segment in the market, given its widespread use in the production of paints, coatings, and various industrial cleaning agents. O-xylene is highly valued for its excellent solvency characteristics, making it an indispensable component in solvent systems formulated for different applications. The paint and coatings industry, in particular, benefits from o-xylene's ability to enhance drying times and improve the finish quality of paints, thus offering superior performance in both architectural and industrial applications. As urbanization continues to rise, especially in developing regions, the demand for paints and coatings is projected to surge, thereby driving the growth of the solvent segment within the o-xylene market.

Chemical intermediates represent another critical application segment for o-xylene. It serves as a precursor in the synthesis of several important chemical compounds, most notably phthalic anhydride, which is pivotal in producing a range of products such as plasticizers, resins, and dyes. The role of o-xylene as a chemical intermediate is further underscored by the growing emphasis on developing more efficient chemical processes to meet the increasing demand for these derivatives. The robust growth of end-use industries, including automotive, construction, and packaging, which utilize these chemicals extensively, is expected to bolster the chemical intermediates segment of the o-xylene market.

Laboratory chemicals form a niche yet essential segment in the application of o-xylene. In research and development settings, o-xylene is employed as a solvent in various analytical and synthetic processes due

The Iranian o-xylene market rose to $65M in 2024, increasing by 1.9% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $67M. From 2023 to 2024, the growth of the market remained at a somewhat lower figure.

Ortho Xylene (o-Xylene) market stood at approximately 4200 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.15% during the forecast period.

In 2024, the Pakistani o-xylene market decreased by -15.6% to $22M, falling for the second year in a row after two years of growth. Overall, consumption showed a pronounced slump. O-xylene consumption peaked at $30M in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

4-Nitro-o-xylene Market Outlook

The global 4-nitro-o-xylene market size was valued at approximately USD 1.2 billion in 2023, and it is projected to reach around USD 2.1 billion by 2032, growing at a CAGR of 6.2% during the forecast period. The market is expected to witness substantial growth driven by increasing demand in various end-user industries such as pharmaceuticals, agrochemicals, and dyes and pigments. The growth factor includes expanding pharmaceutical production, rising agricultural activities, and increasing research and development in the chemical sector.

One of the key growth drivers for the 4-nitro-o-xylene market is its extensive application in the pharmaceutical industry. The compound is used as an intermediate in the synthesis of various pharmaceutical products. As the global pharmaceutical industry continues to expand, especially in emerging markets, the demand for intermediates like 4-nitro-o-xylene is also expected to rise. Technological advancements in drug formulation and increasing investment in healthcare infrastructure are further propelling the market growth.

Another significant factor contributing to the growth of the 4-nitro-o-xylene market is the rising demand in the agrochemical sector. Agrochemicals, including pesticides and herbicides, play a crucial role in enhancing agricultural productivity. With the growing global population and the subsequent need for increased food production, the demand for effective agrochemicals is on the rise. 4-nitro-o-xylene serves as a vital intermediate in the production of several agrochemicals, thereby driving its market growth.

The dyes and pigments industry also contributes significantly to the demand for 4-nitro-o-xylene. This compound is used in the production of various dyes and pigments that are utilized in textiles, printing inks, and coatings. The growing textile and printing industries, particularly in developing regions, are expected to bolster the demand for 4-nitro-o-xylene. Moreover, the increasing preference for high-quality and vibrant dyes in the fashion and interior design sectors is likely to further drive market growth.

In addition to its applications in pharmaceuticals and agrochemicals, the 4-nitro-o-xylene market is also influenced by the broader category of Oxo Chemicals. These chemicals, which are derived from the oxo process involving the hydroformylation of olefins, play a crucial role in the production of alcohols, aldehydes, and acids. The versatility of Oxo Chemicals extends their use across various industries, including plasticizers, coatings, and lubricants. As the demand for these end products continues to rise, the integration of Oxo Chemicals in production processes is expected to complement the growth of the 4-nitro-o-xylene market. The synergy between these chemical markets highlights the interconnected nature of the chemical industry and underscores the importance of innovation and efficiency in chemical manufacturing.

From a regional perspective, Asia Pacific holds the largest share in the 4-nitro-o-xylene market, supported by the presence of major pharmaceutical and chemical manufacturing hubs in countries like China and India. North America and Europe also represent significant markets due to the advanced healthcare infrastructure and high demand for agrochemicals. Latin America and the Middle East & Africa, though smaller in market size, are expected to witness steady growth due to the rising agricultural activities and improving industrial capabilities in these regions.

Purity Analysis

The 4-nitro-o-xylene market is segmented based on purity into high purity and low purity. High purity 4-nitro-o-xylene is increasingly preferred in applications that require stringent quality standards, such as pharmaceutical synthesis and high-performance dyes and pigments. The demand for high purity 4-nitro-o-xylene is driven by the need for high-quality intermediates in the pharmaceutical industry, where impurity levels can significantly affect the efficacy and safety of the end product.

Low purity 4-nitro-o-xylene, on the other hand, finds its usage in applications where the quality requirements are relatively relaxed, such as in certain chemical intermediates and agrochemicals. The cost-effectiveness of low purity variants makes them suitable for bulk production processes in the chemicals and agricultural sectors. Despite the lower demand compared to high purity variants, low purity 4-nitro-o-xylene still hol

Global Nitro-o-Xylene Market was valued at USD 250.03 Million in 2024 and is expected to reach USD 404.29 Million by 2030 with a CAGR of 7.25% during the forecast period.

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Market Size	2024: USD 250.03 Million
Forecast Market Size	2030: USD 404.29 Million
CAGR	2025-2030: 7.25%
Fastest Growing Segment	Direct
Largest Market	Asia Pacific
Key Players	1. Reshmika Minerals & Chemicals Private Limited 2. Anupam Rasayan India Ltd. 3. AARTI INDUSTRIES LIMITED 4. Heranba Industries limited 5. Ajay Organics Pvt. Ltd. 6. Sichuan North Hongguang Special Chemical Co., Ltd 7. Gansu Jinhuantai Chemical Co., Ltd. 8. Shanghai Record Pharmaceutical Co., Ltd. 9. Tongling Bestme Technology Co., Ltd. 10. Jinan Finer Chemical Co., Ltd

In Quarter 1 2025, m-xylene prices in North America exhibited notable fluctuations driven by various factors. The market experienced some volatility due to shifts in both feedstock prices and downstream demand. The PET sector, a key downstream market for m-xylene, showed signs of weakness, particularly in January, as demand from the sector softened due to seasonal slowdowns and reduced consumption. Despite stable production and supply levels, these factors created downward pressure on m-xylene prices in the region.

After three years of growth, the Malaysian o-xylene market decreased by -16.9% to $33M in 2024. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $40M in 2023, and then reduced remarkably in the following year.

The global O-Xylene market size was valued at USD XX million in 2025 and is projected to reach USD XX million by 2033, exhibiting a CAGR of 3.86% during the forecast period. O-Xylene is a colorless aromatic hydrocarbon frequently used in the production of phthalic anhydride and other solvents. The increasing demand for O-Xylene in the automotive, construction, and packaging industries is propelling the market growth. The rising demand for phthalic anhydride, a key component in the production of plasticizers, paints, and synthetic resins, is a major driving factor for the O-Xylene market. The increasing urbanization and industrialization in emerging economies, coupled with the growing automotive sector, is expected to drive the demand for phthalic anhydride, thereby fueling the market growth for O-Xylene. The market is also witnessing the emergence of bio-based O-Xylene, which offers sustainable and renewable alternatives to conventional O-Xylene, contributing to the market growth over the long term. Key drivers for this market are: , Increasing Demand as an Intermediate for PVC Production; Extensive Usage of Ortho-xylene in Paints and Adhesive Industries. Potential restraints include: , Increasing Demand as an Intermediate for PVC Production; Extensive Usage of Ortho-xylene in Paints and Adhesive Industries. Notable trends are: Phthalic Anhydride (PA) to Dominate the Market.

The global O-Xylene market, valued at approximately $XX million in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 3.86% from 2025 to 2033. This growth is fueled by increasing demand from key application sectors. The robust performance of the phthalic anhydride segment, driven by its extensive use in the production of plasticizers for the plastics industry, is a significant contributor. Furthermore, the expanding applications of O-Xylene in bactericides and soybean herbicides contribute to market expansion. The automotive industry’s reliance on O-Xylene as a lube oil additive also plays a crucial role in market demand. While specific regional market shares are unavailable, it's reasonable to assume that Asia Pacific, particularly China and India, will dominate due to their substantial manufacturing sectors and growing chemical industries. North America and Europe will maintain significant market presence, driven by established chemical industries and robust demand from various end-use sectors. However, challenges such as fluctuating crude oil prices and stringent environmental regulations may act as restraints, impacting overall market growth. The competitive landscape includes major players like China Petroleum & Chemical Corporation, Exxon Mobil Corporation, and others, constantly seeking to optimize production and expand their market share through innovation and strategic partnerships. Future growth will likely be shaped by technological advancements, evolving environmental regulations, and shifts in global economic conditions. The consistent expansion of downstream industries, particularly the plastics and automotive sectors, will continue to be a primary driver of O-Xylene market growth over the forecast period. The projected market value for 2033 can be estimated by applying the CAGR to the 2025 value. Given the 3.86% CAGR, and assuming a 2025 market value of (for example) $2 billion, a simple compound interest calculation would project substantial market expansion by 2033. The analysis considers various factors affecting the growth trajectory, including regional variations in demand, technological innovations within the industry, and the potential impact of government policies related to environmental sustainability and chemical production. Understanding these variables is critical for informed strategic decision-making by stakeholders within the O-Xylene market. Further research focusing on specific regional data and granular market segment analysis will provide even more accurate projections. Key drivers for this market are: , Increasing Demand as an Intermediate for PVC Production; Extensive Usage of Ortho-xylene in Paints and Adhesive Industries. Potential restraints include: , Increasing Demand as an Intermediate for PVC Production; Extensive Usage of Ortho-xylene in Paints and Adhesive Industries. Notable trends are: Phthalic Anhydride (PA) to Dominate the Market.

The global O-Xylene market is experiencing robust growth, driven by increasing demand from key application segments such as paints, coatings, and plastics. The market size in 2025 is estimated at $2.5 billion (assuming a reasonable market value based on similar chemical markets and provided data points). A Compound Annual Growth Rate (CAGR) of 4.5% is projected from 2025 to 2033, indicating a steady expansion over the forecast period. This growth is fueled by several factors including rising global industrialization, increased construction activities leading to higher paint and coatings demand, and the expanding automotive industry requiring more plastics and resins. Furthermore, the development of new applications and the ongoing focus on enhancing the efficiency and sustainability of O-Xylene production processes will further contribute to market expansion. However, market growth is expected to face certain restraints, including fluctuating crude oil prices which directly impact raw material costs, and environmental concerns related to the production and use of O-Xylene. Stricter environmental regulations and the potential for the adoption of alternative materials could impact market growth in certain regions. The market is segmented by application (Paints, Cosmetics, Glass-Reinforced Thermosets, Bactericides, Soya Bean Herbicides, Lube Oil Additives) and type (Phthalic Anhydride (PAN), Alkyd Resins, Polyvinyl Chloride Resins, Unsaturated Polyester Resins), allowing for a nuanced understanding of market dynamics across diverse sectors. Key players like BASF SE, ExxonMobil Chemicals, and Reliance Industries Ltd., are driving innovation and expanding their market share through strategic investments and collaborations. The Asia-Pacific region is anticipated to dominate the market due to rapid industrialization and economic growth in countries like China and India.

Why did the Mixed Xylene Price Change in July 2025? The Mixed Xylene Price Index in Q2 2025 increased by approximately 7%, rising from USD 828/MT in April to USD 886/MT in June. The upward trend was driven by stable refinery operations, consistent inventory levels, and robust export demand, particularly from Latin America and Canada.

The Canadian o-xylene market skyrocketed to $13M in 2024, increasing by 22% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $14M in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

Global Xylene Market was valued at USD 30.27 Billion in 2023 and is expected to reach USD 38.10 Billion by 2029 with a CAGR of 4.11% during the forecast period.

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Market Size	2023: USD 30.27 Billion
Forecast Market Size	2029: USD 38.10 Billion
CAGR	2024-2029: 4.11%
Fastest Growing Segment	O-Xylene
Largest Market	North America
Key Players	1. Shell International B.V. 2. TotalEnergies SE 3. Braskem Europe GmbH 4. BASF SE 5. Chevron Phillips Chemical Company LLC. 6. China National Petroleum Corporation 7. Exxon Mobil Corporation 8. LOTTE Chemical CORPORATION 9. Reliance Industries Limited 10. Honeywell International Inc.