Mesitylene Market Growth Accelerated by Increased Demand from Chemical Intermediates Industry

 

Mesitylene is an aromatic hydrocarbon compound that is used as a solvent and an intermediate in the production of various chemicals. It finds wide applications in fields such as agrochemicals, electronics, pharmaceuticals, lubricants, and fragrances. Due to its versatility and excellent solvent properties, Mesitylene is used as a solvent for resins, waxes, oils, alkaloids, and coloring matters. It helps in lowering the freezing point of asphalt cement and is also used as a concrete additive and adhesive solvent. The global Mesitylene Market is estimated to be valued at US$ 2,814.8 Mn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends

Increased demand from chemical intermediates industry:

Mesitylene is used as an important chemical intermediate in the manufacturing of various agrochemicals and pharmaceutical intermediates. It acts as a raw material for many industrial chemicals including isophthalonitrile, terephthalonitirle, 1,3,5-triazine, and others. The growing demand for agrochemicals and pharmaceuticals from emerging nations is expected to drive the consumption of Mesitylene as a chemical intermediate over the forecast period. This will significantly contribute to the market growth.

Segment Analysis
The global mesitylene market is dominated by technical grade segment, which is expected to account for over 60% of the overall demand by 2030. Technical grade mesitylene is largely used in the production of isopropylbenzene and trimellitic anhydride, which find wide applications in various end-use industries such as construction, automotive and coatings among others. The increasing demand for isopropylbenzene from electronics industry is expected to drive the technical grade mesitylene segment in coming years.

Key Takeaways
The global mesitylene market is expected to witness high growth over the forecast period.

The Asia Pacific region currently dominates the global mesitylene market with a share of over 40% share in 2024. China and India are the fastest growing as well as the largest mesitylene markets in Asia. With rapid industrialization and infrastructural development activities in countries like China, India, Indonesia, demand for mesitylene is expected to increase substantially in the coming years.

Key players operating in the mesitylene market are Mitsubishi Gas Chemical Company (MGC), Dow, Versalis, Refinery of Sinopec Jinling (CRRC), EASTMAN, Kangnam Chemical, and Shell. MGC is the leading producer of mesitylene globally with an annual production capacity of around 150,000 tons. The company has production facilities in Japan and USA. Dow also has a strong presence with a production plant located in Louisiana, USA with nameplate capacity of around 100,000 tons of mesitylene and its derivatives like isopropylbenzene on an annual basis.

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