1, 2, 4-Trimethylbenzene Market Size, Share Global Analysis Report, 2019 - 2026

Industry Insights

According to the report published by Facts & Factors, the global 1, 2, 4-Trimethylbenzene market size was worth around USD 3400 million in 2019 and is predicted to grow around USD 4800 million by 2026 with a compound annual growth rate (CAGR) of roughly 5% between 2020 and 2026. The report analyzes the global 1, 2, 4-Trimethylbenzene market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the 1, 2, 4-Trimethylbenzene market.

The 1, 2, 4-trimethylbenzene market study exhibits a comprehensive analysis of the present and future market trends across the globe. The study provides crucial data referring to the industry size and profit estimation of the market.

The report encompasses the forecast as well as an analysis of the 1, 2, and 4-trimethylbenzene market on the global and regional levels. The study displays historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million) and volume (Kilo Tons). Additionally, the report also demonstrates the market drivers, restraints, opportunities, and challenges. 

Key Insights from Primary Research

• As per our primary respondents, the global 1, 2, 4-trimethylbenzene market is set to grow annually at a rate of around 5%
• It was established through primary research that the global 1, 2, 4-trimethylbenzene market was valued at around USD 3,400 million in 2019
• In terms of volume, the global 1, 2, 4-trimethylbenzene market stood at around 150 Kilo Tons, in 2019
• The “trimellitic anhydride” category, based on application segmentation, was the leading revenue-generating category accounting for the largest share, in 2019
• Based on regional segmentation, the Asia Pacific region dominated the global 1, 2, 4-trimethylbenzene market.

Key Recommendations from Analysts

• As per our analysts, trimellitic anhydride category is the dominating category and is projected to grow at the fastest pace during the forecast period of 2020-2026.
• The increasing demand for trimellitic anhydride in various industrial applications such as paints, coatings, and wire & cable insulation is expected to increase the consumption of 1, 2, 4-trimethylbenzene to produce trimellitic anhydride.
• The Asia Pacific is expected to be the major producer and consumer of the 1, 2, 4-trimethylbenzene owing to the presence of key manufacturers in China and the growing demand for trimellitic anhydride in various industries.
• Technological innovation in 1, 2, 4-trimethylbenzene is one of the major opportunities for market growth in the future.
• The increasing application of 1, 2, 4-trimethylbenzene in the paints and coatings industry.

Market Attractiveness – By Application

The study also illustrates the competitive landscape of key manufacturers in the market with their product offerings and regional expansion activities. The 1, 2, 4-trimethylbenzene report also includes participants’ financial overview which consists of an assessment of revenue outcomes, sales volume, gross margin, cash flow, capital investment, and 1, 2, 4-trimethylbenzene growth rate which will allow clients to gain intact knowledge of participants’ financial strengths and position in the global 1, 2, 4-trimethylbenzene market.

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis.

The study provides a decisive view of the 1, 2, and 4-trimethylbenzene market by segmenting the 1, 2, 4-trimethylbenzene market based on application and regions. The segments are analyzed based on present and future developments and the market is estimated from 2020 to 2026. The geographical segment includes the present and forecast demand for the Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The global 1, 2, 4-trimethylbenzene market is segmented based on application.  In terms of application, the market segment is divided into trimellitic anhydride, 1, 3, 5-trimethylbenzene, durene, and others.

Report Scope

The growing adoption of 1, 2, 4-trimethylbenzene in various end-use industries such as dyes, paints & coatings, and pharmaceutical is a key factor driving the global 1, 2, 4-trimethylbenzene market. The consumption of 1, 2, 4-trimethylbenzene is increasing rapidly in China due to the growing manufacturing companies in the country. Moreover, the surging usage of 1, 2, 4-trimethylbenzene in the production of trimellitic anhydride is also likely to propel the market growth.

Some of the key players operating the global 1, 2, 4-trimethylbenzene market are

•  Flint Hills Resources (FHR)
•  Eni
•  Nanjing Refinery Co. Ltd.
•  Jinyang Chemical Co. Ltd.
•  Jiangsu Hualun Chemical Industry Co. Ltd.
•  Lanzhou Petrochemical Company
•  Dow Chemical Company

This report segments the 1, 2, 4-Trimethylbenzene market as follows:

By Application Segment Analysis

• Trimellitic Anhydride
• 1, 3, 5-Trimethylbenzene
• Durene
• Others

Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa