Global Mixed Xylene Market, By Grade (Isomer Grade and Solvent Grade), Application (Fuel Blending, Solvents, Thinners and Raw Material), End Use (Paints and Coatings, Pesticides, Chemicals, Gasoline, Printing, Rubber and Leather 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
Data Bridge Market Research analyses that the mixed xylene market will witness a CAGR of 3.10% for the forecast period of 2021-2028. Increase in the demand for polyethylene terephthalate plastic bottles globally, growth and expansion of polymer and petrochemical sector and increasing application of mixed 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 mixed xylene market.
Xylene is a colourless and greasy organic compound that is obtained in the production process of coke fuel. Therefore, mixed xylene is an inflammable hydrocarbon liquid that is produced by catalytic reforming of petroleum naphthenic fractions or distillation of coal. Mixed xylene is miscible with alcohol and has quick evaporation and dissolving properties.
Increasing demand and application of mixed xylene by rubber manufacturing industry is the root cause fuelling up the market growth rate. Growth and expansion of paints and coatings industry and other end user verticals is another factor responsible for propelling growth in the mixed xylene market value. Upsurge in the production of polyethylene terephthalate (PET) plastic bottles and mounting consumption of blended xylene by the industry verticals will further create lucrative growth opportunities for the mixed xylene market. Rising industrialization coupled with increased expenditure for research and development activities for the use of bio-based mixed xylene for a wide range of applications will also directly and positively impact the growth rate of the mixed xylene market.
However, rising environmental concerns coupled with volatility in the prices of raw materials will pose a major challenge to the growth of the mixed xylene market. Low supply rate will also slowdown the mixed xylene market growth rate. Rising awareness regarding the hazardous effects of mixed xylene on human health coupled with stringent regulations imposed on plastics will further derail the mixed xylene market growth rate.
This mixed 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 mixed 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.
Mixed Xylene Market Scope and Market Size
The mixed xylene market is segmented on the basis of grade, application and end use. 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 grade, the mixed xylene market is segmented into grade isomer grade, and solvent grade.
- On the basis of application, the mixed xylene market is segmented into fuel blending, solvents, thinners and raw material.
- On the basis of end use, the mixed xylene market is segmented into paints & coatings, pesticides, chemicals, gasoline, printing and rubber and leather and others.
Global Mixed Xylene Market Country Level Analysis
Global mixed xylene market is analysed and market size, volume information is provided by country, grade, application and end use as referenced above.
The countries covered in the mixed xylene market report are the 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 mixed xylene market and will continue to flourish its trend of dominance during the forecast period as well. Abundant availability of raw materials is one of the major factors fostering the growth of mixed xylene market in this region. Further, presence of numerous manufacturers of purified terephthalic acid (PTA) will also bolster the mixed xylene market growth rate. Increasing application of mixed 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 mixed xylene.
The country section of the mixed 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 Mixed Xylene Market Share Analysis
The mixed 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 mixed xylene market.
The major players covered in the mixed 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.