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What Will Be Driving Growth Factor of Mixed Xylene Market in Near Future

06-24-2019 02:42 PM CET | Industry, Real Estate & Construction

Press release from: MRR.biz

What Will Be Driving Growth Factor of Mixed Xylene Market in Near

The Research Report “Mixed Xylene Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028” provides information on pricing, analysis, shares, forecast, and company profiles for key industry participants. - ResearchReports.biz

Mixed Xylene also known as Xilol, is a mixture of three isomers meta-xylene, para-xylene and ortho-xylene, and in addition a certain amount of ethylebenzene. This colorless xylene is known in the market for its non-toxicity, high flammability and sweet odor. Additionally, mixed xylene is insoluble in water and spreads out on water surface if small amount of ingredients may be dissolved. Mixed xylenes are generally used in the production of ethylbenzene, as solvents in different products such as coatings and paints, and are blended into gasoline. Moreover, mixed xylene can be used in production of polymer, cleaning agent for steel and coating.

Mixed Xylene is traded in two grades, solvent grade and isomer grade depending on the specifications and uses. Both are colorless liquids and can be mixed well with organic solvents such as benzene, ether etc. Solvent grade mixed xylene is used as raw materials for perfume, medicine, organic pigment, dye, etc., and as general solvent for agriculture pesticides and paints. On the other side, isomer grade mixed xylene is used as raw material for producing para-xylene, meta-xylene and ortho-xylene products.

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Mixed Xylene Market: Market Dynamics

Global mixed xylene market is estimated to grow over the forecast period owing to their extensive use and demand from automotive, chemicals, metals and construction industries. Furthermore, growing demand from coating applications owing to its high performance is also expected to drive the global mixed xylene market over the forecast period. Moreover, features such as sweet odor, non-toxicity, powerful solvent, lower evaporation time than others solvents and highly preferred in leather, printing, chemicals, plastics and synthetic fiber industries are further expected to enhance the growth of mixed xylene market during the forecast period.

Short term inhalation exposure to mixed xylenes in humans results in neurological effects, irritation of the throat, nose and eyes and gastrointestinal effects. Long term inhalation exposure to mixed xylenes in humans results in cardiovascular, respiratory and kidney effects; central nervous system effects, such as dizziness, headache, tremors, incoordination and fatigue have also been reported. This hazards caused from mixed xylene are expected to hamper the growth of global mixed xylene market over the forecast period.

Mixed Xylene Market: Segmentation

The global mixed xylene market can be segmented on the basis of type and application.

On the basis of type, the mixed xylene market can be segmented into:

-Solvent grade
-Isomer grade

On the basis of application, the mixed xylene market can be segmented into:

-Used in production of polymer
-Used as a solvent and raw material of paraxylene
-Used as a cleaning agent for steel
-Used as a solvent in the rubber, printing, aviation gasoline additive and leather industries
-Used in coating

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Mixed Xylene Market: Region-Wise Outlook

North America, followed by Western Europe is expected to dominate the overall mixed xylene consumption and are estimated to register relatively steady growth during the forecast period. Asia Pacific is projected to register substantial growth owing to the growing automotive industry, where the mixed xylene find extensive usage. Growing coatings business in China, India and ASEAN countries are expected to further enhance the growth of mixed xylene market in the region during the forecast period. The Middle East & Africa and Latin America are expected to mark considerable growth during the forecast period owing to the growing manufacturing plants of various coating players and automotive production plants over the forecast period. Japan is expected to show relatively slower growth in mixed xylene market over the forecast period.

Mixed Xylene Market: Market Participants

Some of the market participants identified across the value chain of global mixed xylene market include:

-RIDHDHI SIDHDHI CHEMICALS
-Qingdao Lidong Chemical Co. Ltd.
-Fujian Refining & Petrochemical company Limited
-Total Petrochemicals & Refining USA, Inc.
-Shell Chemical LP
-TAIYO OIL CO., LTD.
-Idemitsu Kosan Co., Ltd.
-Marathon Petroleum Corporation
-YEOCHUN NCC CO., LTD.
-Galp Energia
-COSMO OIL Co., Ltd.
-Formosa Chemicals and Fiber
-Sinopec Yangzi Petrochemical
-ExxonMobil
-LOTTE CHEMICAL
-SK Global Chemical Co., Ltd.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

-Tailwinds and headwinds molding the market’s trajectory
-Market segments based on products, technology, and applications
-Prospects of each segment
-Overall current and possible future size of the market
-Growth pace of the market
-Competitive landscape and key players’ strategies

The main aim of the report is to:

-Enable key stakeholder’s in the market bet right on it
-Understand the opportunities and pitfalls awaiting them
-Assess the overall growth scope in the near term
-Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.

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