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Metaxylene Market

Metaxylene Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021-2031

Metaxylene: Introduction

  • Metaxylene is an aromatic hydrocarbon. It is one of the three isomers of dimethyl benzene collectively known as xylenes. Meta depicts the two methyl group in m-xylene occupying 1 and 3 position on a benzene ring.
  • Metaxylene is primarily employed in the production of isophthalic acid, which is used as a copolymerizing monomer to alter the properties of polyethylene terephthalate. It is also used as a raw material for the production of 2,4-Xylidine and 2,6-xylidine. Furthermore, it is employed in the manufacture of a range of smaller volume chemicals.
  • Metaxylene has properties such as water and stain resistance, outstanding hardness, weathering, and corrosion resistance. Metaxylene has adverse narcotic effects on human health in case of high exposure to the compound.

Key Drivers and Restraints of Metaxylene Market

  • Extensive usage of metaxylene in the formulation of isophthalic acid is expected to drive the demand for metaxylene. Rise in usage of isophthalic acid in aerospace coatings and architectural coatings is also anticipated to boost the metaxylene market.
  • Increase in demand for paints and coatings in the construction industry is propelling the demand for isophthalic acid. This, in turn, is driving the metaxylene market. In line with this, growth in demand for adhesives and sealants in end-use industries and high consumption of isophthalic acid are anticipated to act as key determinants of the metaxylene market during the forecast period.
  • Various health-related issues associated with m-xylene and rise in preference of alternative organic solvents are likely to act as key restraints of the metaxylene market during the forecast period

Metaxylene: Application Segment

  • In terms of application, the global metaxylene market can be divided into isophthalic acid, 2,4-xylidine & 2,6-xylidine, solvent, and others
  • Purified isophthalic acid (PIA) is primarily used as an intermediate in the production of unsaturated polyester resins, followed by polyester and alkyd resins (mainly for surface coatings) and inks, reinforced plastics, and packaging applications
  • Other applications of isophthalic acid are as follows: aerospace coatings, architectural coatings, automotive, building materials, coil coatings, construction chemicals, electronic connectors, equipment and machinery, lubricants, metal coatings, packaging components, non-food contact, paints and coatings, polyester, process additives, protective coatings, refrigerator and coolant systems, and sport drinks packaging

COVID-19 Impact on Metaxylene Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to the recent events surrounding the COVID-19 pandemic
  • Manufacture of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the metaxylene market in the near future.

Asia Pacific to Hold Leading Share of Metaxylene Market

  • In terms of region, the metaxylene market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is expected to hold major share of the global metaxylene market, followed by North America and Europe, during the forecast period. Rise in demand for paints and coatings, adhesives, and plasticizers in China, Japan, and India is estimated to create lucrative opportunities for the demand of isophthalic acid. This, in turn, is projected to boost the metaxylene market in the region during the forecast period.
  • Growth in private investments in developing economies of Asia Pacific, such as Indonesia and Vietnam, is also a major factor anticipated to drive the market in the region during the forecast period
  • The metaxylene market in Latin America and Middle East & Africa is projected to expand at a moderate pace in the near future. Metaxylene is imported in countries such as Brazil, Mexico, and South Africa due to limited presence of manufacturing companies in these countries. Increase in government expenditure on the construction of development projects and public infrastructure is likely to drive the demand for metaxylene in Latin America and Middle East & Africa in the next few years.

Key Manufacturers Operating in Metaxylene Market

The global metaxylene market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global metaxylene market include:

  • Honeywell International Inc
  • Cepsa
  • Sulzer Chemtech AG
  • Amoco Chemical Company
  • BP P.L.C.
  • MITSUBISHI GAS CHEMICAL COMPANY, INC.

Metaxylene Market: Research Scope

Metaxylene Market, by Application

  • Isophthalic Acid
  • 2,4-Xylidine & 2,6-Xylidine
  • Solvent
  • Others

Global Metaxylene Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
Metaxylene Market

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