Xylene Market Overview:
Xylene is an organic compound obtained by catalytic reforming and coal carbonization process in the production of coke fuel. It is a hydrocarbon with greasy, and colourless in nature. Moreover, its quick evaporation, good dissolving ability, and growing consumption in major industries are the important trends and factors influencing its market confidently. On account of its properties, xylene is used in various applications such as automotive, textile, chemical, oil & gas, leather, paints & coatings, rubber, and others.
Xylene Market Key Players:
• Eastman Chemical Company (U.S.)
• China National Petroleum Corporation (China)
• BASF SE (Germany)
• Huntsman Corporation (U.S.)
• Chevron Philips Chemical Company (U.S.)
• TORAY INDUSTRIES, INC. (Japan)
• Formosa Plastics Corporation (Taiwan)
• The ExxonMobil Corporation (U.S.)
• The Dow Chemical Company (U.S.)
• LG Chem (South Korea)
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Xylene Market Regional Analysis:
Xylene Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the market due to the growing consumption of xylene in automotive, aerospace, aviation, and others. The o-xylene segment holds the major portion and is anticipated to continue its dominance in the market due to extraordinary features offered by the product such as light weight, superior performance, and other characteristics. Due to these factors countries such as China, Japan, South Korea, and India are the major players in this market.
The North American region is growing significantly due to growing demand for xylene products in automotive, paints & coatings, and other industries. It is predicted that growing investments in the end-use industries is likely to drive the market during the forecast period. The growing consumption of polyethylene terephthalate products (PET) and pure isophthalic acid (PIA) in end-use industries have propelled the growth in countries such as the U.S., Canada, and Mexico to achieve a stunning market growth because they provide unique cost-effective, cleansing properties, and high performance to the product.
Xylene Market Segmental Analysis:
Xylene Market is segmented into the type and application. On the basis of the type, the market is segregated into o-xylene, m-xylene, and p-xylene segments. The market by application is further categorized into automotive, textile, chemical, oil & gas, leather, paints & coatings, rubber, and others.
Xylene Market Table of Content to be Continue…...,
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