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.
An extensive market research report like this xylene report supports businesses to achieve detailed market insights with which gaining market place clearly into the focus becomes easy. This market research report brings into focus the comprehensive analysis of the market structure and the estimations of the various segments and sub-segments of the chemicals&materials industry. Moreover, it also performs the study of various parameters throughout the report which analyses the market status in detail. Market definition, market segmentation, key developments in the market, competitive analysis and research methodology are the major chapter of this xylene market report which are again elaborated precisely and specifically.
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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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