Global xylene market is projecting a rise in estimated value by 2026, registering a steady CAGR of 4.4% in the forecast period of 2019-2026 due to growth in the polymer and petrochemical sector, increase in the demand for Polyethylene terephthalate, leather and rubber and increase in demand from end users industries such as automotive, coatings and paints and many more.
The report identifies and analyses the emerging trends along with major drivers, restraints, challenges and opportunities in the chemical industry. For building this most excellent xylene market research report, a committed and expert team of forecasters, analysts and researchers work scrupulously. Besides, diverse markets, marketing strategies, trends, future products and emerging opportunities are taken into consideration while examining the market and preparing this report. The xylene report endows with wide-ranging statistical analysis of the market’s continuous positive developments, capacity, production, production value, cost and profit, supply and demand and import-export.
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With the market study and market analysis conducted in this xylene report, it becomes easy to figure out types of consumers, their views about the product, their buying intentions and their ideas for advancement of a product. To get hold of familiarity of all the above factors, this transparent, wide-ranging and supreme market report has been structured. And for this, the report also covers all the major topics of the market research analysis that includes market definition, market segmentation, competitive analysis, major developments in the market, and admirable research methodology. This xylene report has been formulated with the vigilant efforts of innovative and experienced team of analysts, researchers, industry experts, and forecasters.
Key Market Competitors:
Few of the major competitors currently working in the global xylene market are Braskem, Formosa Chemicals & Fibre Corp, Reliance Industries Limited, Exxon Mobil Corporation, Flint Hills Resources, SK global chemical Co. Ltd., Honeywell International Inc., Puritan Products, LOTTE Chemical CORPORATION, MP Biomedicals, Nutan Chemicals, PTT Global Chemical Public Company Limited, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Doe & Ingalls, Gadiv Petrochemical Industries Ltd, Cepsa and others
Global xylene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of xylene market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Growth in the polymer and petrochemical sector act as a catalyst to growth of the market
Increase in the demand for Polyethylene terephthalate, leather and rubber may enhance the market growth
Rise in the use of polyesters in textile industry would accelerate the growth of the market
Increase in demand from end users industries such as automotive, coatings and paints and many more has driven the market growth
Stringent rules and norms by government regarding the use of chemical compounds can restrict the growth of this market
Fluctuations in the prices of raw materials may also hamper the market growth
Toxic and hazards effects of xylene and its derivatives can hinder the market growth
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Segmentation: Global Xylene Market
By End User
Plastics and Polymers
Paints and Coatings
Middle East and Africa
Key Development in the Market:
In August 2017, ExxonMobil Asia Pacific Pte Ltd completed the acquisition of Jurong Aromatics Corporation Pte Ltd plant. With the acquisition, Exxonmobil aimed to increase its production including ortho xylene in Singapore. The acquisition would help the firm in strengthening of their both sites with operational and logistical synergies
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Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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