Mixed xylene is composed of a mixture of three benzene derivatives, namely ortho, meta, and para isomers of dimethyl benzene. It is a sweet-smelling, colorless liquid that has high flammability. Mixed xylene is used as a solvent in leather, rubber, printing, and other allied industries. Mixed xylenes are furthermore used directly in gasoline as octane enhancers. It also finds uses as solvents and synthesis intermediates in the chemical industry.
MARKET DYNAMICS
The rapidly burgeoning consumption of paraxylene for producing PET (polyethylene terephthalate), terephthalic acid (TPA), and its derivative, dimethyl terephthalate (DMT) is anticipated to drive the demand for mixed xylenes. The substantial consumption of polyester textiles and PET bottles and other PET consumer goods has created a conducive environment for the growth of the mixed xylene market. Furthermore the increasing applications of mixed xylenes as solvents in manufacturing coatings, lacquers, alkyd resins, enamels, and cement is anticipated to drive the demand for mixed xylene in the forecast period. The heavy reliance of the gasoline industry on using mixed xylene to improve the octane number of fuel is expected to further propel the demand for mixed xylene and drive the mixed xylene market.
MARKET SCOPE
The "Global Mixed Xylene Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the mixed xylene market with detailed market segmentation by grade, application, end use industries, and geography. The global mixed xylene market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mixed xylene market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global mixed xylene market is segmented on the basis of grade, application, and end use industries. On the basis of grade, the mixed xylene market is segmented into isomer grade and solvent grade. The mixed xylene market on the basis of application is classified into fuel blending, solvents, thinners, and raw materials. Based on end use industries, the global mixed xylene market is divided into paints and coatings, pesticides, chemicals, gasoline, and prinitng, rubber, and leather.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global mixed xylene market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The mixed xylene market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the mixed xylene market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the mixed xylene market in these regions.
MARKET PLAYERS
The reports cover key developments in the mixed xylene market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the mixed xylene market are anticipated to lucrative growth opportunities in the future with the rising demand for mixed xylene in the global market. Below mentioned is the list of few companies engaged in the mixed xylene market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mixed xylene market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- Chevron Phillips Chemical Company LLC
- China National Petroleum Corporation
- Exxon Mobil Corporation
- Flint Hills Resources, LLC
- GS Caltex Corporation
- Idemitsu Kosan Co., Ltd.
- LOTTE Chemical CORPORATION
- Royal Dutch Shell plc
- TOTAL S.A.
- YPF Sociedad An?nima
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.