The report on the Global Xylene Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Xylene is an aromatic hydrocarbon mixture including benzene ring with two methyl groups. Also known as xylol or dimethylbenzene, xylene have three isomers namely orthoxylene (o-Xylol), metaxylene (m-Xylol) and paraxylene (p-Xylol) with IUPAC names 1,2-dimethylbenzene, 1,3-dimethylbenzene, and 1,4-dimethylbenzene respectively. Xylene is produced by various methods such reformate, coal carbonization, etc. it consist of 0.5–1% of crude oil depending on the production sources. In addition, it is found in gasoline and aircraft fuels. It is a colourless, sweet smelling but flammable in nature.
Xylenes is majorly produced by reformate process from BTX aromatics. It is generally used as solvent in printing, leather and rubber industries; and cleaning agent in laboratories, and food manufacturing (wafers and chips), steel, silicon and integrated circuits. Also, used in thinning paints and varnishes as substituted for toluene, dentistry, petroleum industry,
Global xylene market can be segmented based on its products such as mixed xylene (MX), orthoxylene, and metaxylene. Mixed xylene (MX) is further expanded in downstream derivative as paraxylene (PX). Xylene has applications such as terephthalic acid and its related derivatives, as solvent, in laboratory, precursor to other chemical compounds and others.
Cotton fibers production dearth and rising demand for polyester fibers are driving the global xylene market, especially in China. U.S. is likely to be a potential market for mixed xylene (MX), owing to volatility in crude and gasoline market. It is estimated that there will be rise in exports of paraxylene (PX) and mixed xylene (MX). Asia Pacific is projected to account as major market for upstream crude and downstream paraxylene (PX) market.
The major companies in the global xylene market are:
- British Petroleum (BP)
- JX Nippon Oil & Energy
- Reliance Industries
- ExxonMobil
- BASF
- Braskem
- Chevron Phillips Chemical
- Dragon Aromatics
- Fujian Refining & Petrochemical
- Toray Industries
- Pemex
- Kuwait Paraxylene Production
- Samsung Total Petrochemicals
- Abu Dhabi National Chemicals
- CNPC
- Formosa Plastics
- GS Caltex
- Hyundai Cosmo, etc.
SEGMENTATIONS IN REPORT:
Xylene By Products:
- Mixed Xylenes
- Orthoxylene
- Metaxylene
Xylene By Geography:
- Asia Pacific
- North America
- Europe
- Latin America
- MEA
The Global Xylene Market has been exhibited in detail in the following chapters -
Chapter 1 Xylene Market Preface
Chapter 2 Executive Summary
Chapter 3 Xylene Industry Analysis
Chapter 4 Xylene Market Value Chain Analysis
Chapter 5 Xylene Market Analysis By Products
Chapter 6 Xylene Market Analysis By Geography
Chapter 7 Competitive Landscape Of Xylene Companies
Chapter 8 Company Profiles Of Xylene Industry