Global Xylene Market By Type (Ortho-Xylene, Meta-Xylene, Para-Xylene and Mixed Xylene), Application (Solvent, Monomer and Others), End User (Plastics and Polymers, Paints and Coatings, Adhesives and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Xylene Market
Data Bridge Market Research analyses that the xylene market will witness a CAGR of 7.15% for the forecast period of 2021-2028. Increase in the demand for polyethylene terephthalate, leather and rubber globally, growth and expansion of polymer and petrochemical sector and increasing application of xylene by the various end user verticals such as plastics and polymers, paints and coatings, adhesives and other end user industries are the major factors attributable to the growth of the xylene market.
Xylene is an organic compound that is obtained in the production process of coke fuel. It is colourless and greasy in nature. Xylene is inflammable hydrocarbon liquid and is used in the production of industrial derivatives such as rubber cements, lacquers, lubricant, enamels, clearing agent, dyes, pesticides, rubber products, detergents, thinners and so on. Xylene has quick evaporation and dissolving properties.
Increasing demand and application of polyesters in textile industry is the root cause fuelling up the xylene market growth rate. Growth and expansion of automobile industry and other end user verticals is another factor responsible for propelling growth in the xylene market value. Upsurge in the production of polyethylene terephthalate (PET) plastic and meta-xylene by the major players will further create lucrative growth opportunities for the xylene market. Rising demand for xylene by adhesives industry will further accelerate the xylene market growth rate. Rising industrialization coupled with availability of cheaper feedstock through shale oil discoveries will also directly and positively impact the growth rate of xylene market.
However, rising environmental safety and conservation concerns coupled with volatility in the prices of raw materials will pose a major challenge to the growth of the xylene market. Stringent regulations imposed by the government to curb down the pollution and on the use of xylene compounds will further restrict the scope of growth for the this market. Substitutes available in the market will further derail the market growth rate.
This xylene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on xylene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Xylene Market Scope and Market Size
The xylene market is segmented on the basis of type, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the xylene market is segmented into ortho-xylene, meta-xylene, para-xylene and mixed xylene.
- On the basis of application, the xylene market is segmented into solvent, monomer and others.
- On the basis of end user, the xylene market is segmented into plastics and polymers, paints and coatings, adhesives and other end user industries.
Global Xylene Market Country Level Analysis
The xylene market is analysed and market size, volume information is provided by country, type, application and end user as referenced above.
The countries covered in the xylene market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the cyclohexane market and will continue to flourish its trend of dominance during the forecast period as well. Emerging economies like India Japan, South Korea and China are the major contributors from this region owing to the economies rapidly undergoing economic changes. Increased focus of the manufacturers to manufacture lightweight automotive parts and components is fostering the market growth in this region. Increasing application of xylene by the various end user verticals such as polymers, paints and coatings, adhesives and other end user industries in this region is another important factor inducing growth in the demand for xylene. Increased focus of the manufacturers on ortho-xylene is further creating lucrative and remunerative market growth opportunities.
The country section of the xylene market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Xylene Market Share Analysis
The xylene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to xylene market.
The major players covered in the xylene market report are Exxon Mobil Corporation., Flint Hills Resources., PTT Global Chemical Public Company Limited, Reliance Industries Limited., BASF SE, Merck KGaA, Braskem, Honeywell International Inc., Formosa Chemicals & Fibre Corp., SK global chemical Co., Ltd, LOTTE Chemical CORPORATION., MP BIOMEDICALS., Huntsman International LLC., Nutan Chemicals., Tokyo Chemical Industry Co., Ltd., Thermo Fisher Scientific Inc., Cepsa, Gadiv Petrochemical Industries Ltd., Eastman Chemical Company and TORAY INDUSTRIES, INC. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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