The North American Xylene Market report defines and segments the concerned market in North America with analysis and forecast of revenue. This market is expected to reach a value of $11,294.9 million by 2018 at a CAGR of 9.0% from 2013 to 2018.
Browse through the TOC of the North American Xylene Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in the market, and is supported by various tables and figures.
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Xylene is an aromatic hydrocarbon widely used in industrial and medical technology as a solvent. It is a colorless, sweet-smelling liquid or gas occurring naturally in petroleum, coal, and wood tar. It is a mixture of three different isomers i.e., meta-xylene, ortho-xylene, and para-xylene. These are major petrochemicals produced by catalytic reforming and also by coal carbonisation in the manufacture of coke fuel. The global demand for xylene has been growing sharply over the last decade as a result of increased demand from end-user industries.
The increase in the range of performance characteristics of xylene with the advent of new production technologies means that it can be used in a vast range of applications. Xylene, owing to its properties such as good clarity and gloss, low temperature toughness, stress-crack resistance, hot melt adhesive property, and resistance to UV radiation, has become the most rapidly adopted resin among general purpose resins in the world in recent years. Rise in end-use applications like foams, shoes, and films is also going to play a large role in increasing the demand for xylene in North America in the future. Applications such as packaging and agriculture will further increase the demand for xylene in North America. The films sector is the biggest consumer of ethylene vinyl acetate, a derivative of xylene. Rise in compounding and the wire and cable industry has the increased demand for hot melt adhesives, which will ultimately drive the growth of the xylene market in the North American region in the long run.
The report covers the North American xylene market which is segmented on the basis of sub-markets, applications, and geography. Applications of xylene include dimethyl terephthalate (DMT), isophthalic acid, phthalic anhydride, solvents, and terephthalic acid.
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