Press release
Mixed Xylene Market : Where is the Market Heading? What Does the Future Hold for Players: Exxon Mobil Corporation, Idemitsu Kosan Co., Ltd., Lotte Chemical Corporation, Total S.A., China Petroleum & Chemical Corporation, China National Petroleum Corporati
Some of the prominent players profiled in the report include Exxon Mobil Corporation, Idemitsu Kosan Co., Ltd., Lotte Chemical Corporation, Total S.A., China Petroleum & Chemical Corporation, China National Petroleum Corporation, GS Caltex Corporation, Chevron Phillips Chemical Company LLC, Royal Dutch Shell plc, YPF Sociedad Anónima, Flint Hills Resources, LLC, and SK Global Chemical Co., Ltd.
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Towards 2019, the global revenue of mixed xylene market is projected to surpass the valuation of US$ 40 billion, forecasts a new research study on the global market for mixed xylene, by Future Market Insights.
“Fostering PET, polyester fiber, and polyester film manufacturing is constantly creating investment opportunities for mixed xylene manufacturing companies, thereby pushing the revenue growth of mixed xylene landscape,” says a senior market research analyst at the company.
Chemicals, Petrochemicals, & Paints Record Notable Mixed Xylene Consumption
Extensively used as a thinner, especially by inks and paints manufacturers, mixed xylene finds wide applicability across the chemicals industry as a base material for manufacturing.
Mixed xylene is also widely consumed for elevating the octane rating of gasoline and other fuels with an objective to improve fuel and engine performance.
Owing to voluminous paraxylene consumption, the chemicals industry remains a prime consumer of mixed xylene market over the coming years, according to the report.
Other prominent end-use industries registering sizeable mixed xylene consumption include gasoline, paints & coatings, pesticides, rubber, leather, and printing.
The report covers a range of end-use industries and sectors recording variable mixed xylene consumption patterns as per the applications associated with them.
Consumption of mixed xylene as a raw material contributes the maximum revenue share compared to all other application areas.
The analysis of mixed xylene landscape based on grade reveals that the isomer-grade variant continues to dominate in terms of both revenue and consumption volume, accounting for over 80% value share in mixed xylene market. However, yearly revenue growth of solvent grade mixed xylene is projected to observe a decline post 2020, according to the report.
Flourishing Polyester Production Upholds Chinese Market
The global hub for production as well as consumption of mixed xylene, China is projected to remain the high growth-high value regional market for mixed xylene over the coming years.
With around a fourth of the global market value, China continues to dominate other regional markets competing in the mixed xylene landscape.
Bolstering polyester production across Chinese industries is identified to be primarily responsible for swelling mixed xylene consumption across the region, as indicated by the report.
Besides being a major polyester products export hub, the Chinese market also boasts of an established and productive distribution network, which is another strong factor pushing the growth of mixed xylene market in China.
The report indicates that the towering consumption of aromatic hydrocarbons across industries would further create a heap of untapped opportunities in China, over coming years.
The FMI analyst says, “Following China, the report also positions Asia Pacific (excluding Japan) as a highly lucrative regional territory, creating attractive untapped applications areas for manufacturers”.
Production Expansion Rules Strategic Minds of Manufacturers
In the report, FMI covers extensive strategic profiles of some of the key manufacturers active in the mixed xylene landscape, which points to strategic M&A and collaborations governing the competitive nature of mixed xylene marketplace. In a moderately fragmented global landscape of mixed xylene market, the leading 12 players collectively cover 20-25% share of the total revenue. This highlights that each one of them holds a single digit market value share at present.
Manufacturing capacity expansion is currently the primary strategy of key companies in global mixed xylene space. As of the past year, the Asia Pacific mixed xylene market has witnessed notable production capacity expansion efforts by prominent market players. Companies in addition to expanding existing manufacturing plants are emphasizing new plant start-ups, pushing the prospects of mixed xylene market.
Tonen General recently commenced the commercial sale of isomer-grade mixed xylene at the company’s Ichihara-based recovery unit in Japan.
Showa Shell also launched a high-capacity TDP unit for an isomer-grade xylene template.
CNOOC Huayue also announced the launch of their new high capacity aromatics unit for mixed xylene production.
Hyundai Oilbank and Lotte Chemical Corp jointly formed a new isomer-grade xylene facility of 1m tonne/year capacity.
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Mixed Xylene Market Reports - Table of Contents
Executive Summary
Overview
Market Analysis
Market Analysis By Segments
FMI Analysis and Recommendations
Wheel of Fortune
Market Introduction
Market Taxonomy
Market Definition
Mixed Xylene Market Background
Macro-Economic Factors
Global GDP Growth Outlook
Global Energy Consumption Outlook
Global Chemical sales
Global Crude Oil Consumption
Global Refinery Capacity
Naphtha Import, Export & Consumption by region
Mixed Xylene Import, Export & Consumption by region
Market Dynamics
Drivers
Restraints
Trends
Opportunity
Value Chain
Porters Analysis
Forecast Factors: Relevance and Impact
Global Mixed Xylene Market Analysis 2013–2017 and Forecast 2018–2028
Market Volume Projections
Pricing Analysis
Market Size Projections
Y-o-Y Projections
Absolute $ Opportunity Analysis
Global Mixed Xylene Market Analysis 2013–2017 and Forecast 2018–2028 By Grade
Introduction
Market Value Share Analysis By Region
Y-o-Y Growth Analysis By Region
Historical Market Size (US$ Mn) and Volume (Units) Analysis By Grade, 2013 - 2017
Market Size (US$ Mn) and Volume (Units) Forecast By Grade, 2018 - 2028
Isomer Grade
Solvent Grade
Market Attractiveness Analysis By Grade
Global Mixed Xylene Market Analysis 2013–2017 and Forecast 2018–2028 By Application
Introduction
Market Value Share Analysis By Region
Y-o-Y Growth Analysis By Region
Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2013 - 2017
Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2018 - 2028
Fuel Blending
Solvents
Thinners
Raw Material
Market Attractiveness Analysis By Application
...more
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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
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