Global Xylene Market: Introduction

Xylene is a petrochemical that is produced by the methylation of toluene and benzene. Its structure has two methyl groups attached to a six-carbon ring. Xylene exists in three isomeric forms: ortho-xylene, meta-xylene, and para-xylene. It is a greasy colorless hydrocarbon used in the manufacture of various chemicals, chemical intermediates, and consumer products such as solvents, paints & coatings, adhesives, rubber cements, lacquers, lubricant, enamels, clearing agent, dyes, pesticides, rubber products, detergents, thinners, rubber products, pharmaceutical products, cosmetics, inks, precursor to polyesters, and as additives in gasoline.

Global Xylene Market: Trends & Developments

The xylene market is currently witnessing significant growth which is expected to continue past the forecast period. Ortho-xylene finds application in the production of polyethylene naphthalate (PEN) polymer, which is a high performance polyester that is used in film and rigid packaging. PEN polymer is an emerging and potentially significant product, which is expected to fuel the demand for ortho-xylene in the near future. Xylene is a source of volatile organic compounds (VOCs) which are hazardous to the environment. Stringent government regulations imposed by governments on the release of VOCs in the atmosphere has caused many end-use industries to opt for alternative organic solvents and is likely to restrain the growth of the global xylene market.

Global Xylene Market: Segmentation

Based on type, the global xylene market can be segmented into meta-xylene, ortho-xylene, and para-xylene. In terms of consumption in volume, the para-xylene segment dominates the market. It is an important chemical feedstock and raw material required in the synthesis of various polymers, polyester fibers, terephthalic acid (TPA), and polyethylene terephthalate (PET). Ortho-xylene constitutes a large share of the market in terms of volume. It is extensively used in the manufacture of phthalic anhydride which is used as a precursor in the production of phthalate plasticizers, unsaturated polyesters resins (UPRs), alkyd resins, solvents, bactericides, soya bean herbicides, and lube oil additives. Ortho-xylene is commonly used as a solvent in leather, printing, and rubber industries. Meta-xylene is used in manufacturing solvents, chemical intermediates for dyes and organic synthesis, insecticides, and aviation fuel.

Global Xylene Market: Regional Outlook

In terms of region, the global xylene market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to be a key consumer of xylene due to the large presence of xylene producing refineries in countries such as China. Major manufacturing companies are shifting their production bases to developing economies such as India, China, Indonesia, and Vietnam. Low feedstock cost and rapid industrialization in Asia Pacific are expected to drive the market in the region. The Europe is anticipated to expand at a significant pace due to rising demand for xylene products like construction adhesives and paints and coatings in the construction industry.

Global Xylene Market: Key Players

Key players operating in the global xylene market include BASF SE, Braskem, BP plc, Chevron Phillips Chemical Company, China National Petroleum Corporation, ConocoPhillips Company, Doe & Ingalls, DynaChem South Africa (Pty) Ltd., Eastman Chemical Company, Exxon Mobil Corporation, Koch Industries, Inc., LOTTE Chemical CORPORATION, MITSUBISHI GAS CHEMICAL COMPANY, INC., Reliance Industries Limited, Saudi Arabian Oil Co., Honeywell International Inc., Eni S.p.A., TORAY INDUSTRIES, INC., Puritan Products, and Royal Dutch Shell plc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

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