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Meta-Xylene Market Overview, Industry Analysis, Growth Opportunities, Trends, Demand and Outlook Till 2023
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Xylene is a volatile liquid hydrocarbon obtained from wood distillation, tar, coal or petroleum. It is used widely as fuels, solvents and in chemical synthesis. Meta-xylene or m-Xylene is an isomer of ortho-xylene and para-xylene.
1,3-Dimethylbenzene, 1,3-Xylene, m-Xylol, m-Dimethylbenzene are the various chemical names of meta-xylene. The aromatic hydrocarbon is produced by a catalyst, in processes such as, moving bed adsorption and adsorptive separation and crystallization.
Lack of diversification in end use of meta-xylene is a major challenge for the expansion of meta-xylene market in recent years. The concern over the impact of non-degradable plastic on landfill and environment has led to significant increase in the demand for green and biodegradable packaging solution such as bio-plastics.
On the basis of various applications of meta-xylene, the global meta-xylene (m-Xylene) market can be divided into two segments isophthalic acid (IPA), printing ink, agrochemicals, and others. Isophthalic acid is a crystalline colourless solid.
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Some of the major competitors in the m-Xylene (meta-xylene) market are Bp Plc, Perstorp Holding AB, UOP LLC, Chevron Corporation, and Eastman Chemical Company. Some of the other prominent competitors are JX Nippon Oil & Energy Corporation, ConocoPhillips Company, Phillips 66 Company and Shell Chemicals LTD.
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