Xylene Market | Industry Insight 2021-2027 Covered players: PTT Global Chemical Public Company Limited, Merck KGaA, Braskem, and More

Xylene Market

Xylene is a petrochemical obtained from crude petroleum by catalytic reforming and also from coal carbonization processes. They are manufactured primarily as a part of benzene, toluene, and xylenes aromatics that are a part of catalytic reforming. It is a colorless liquid with a sweet odor and is flammable in nature. There are primarily three types of xylenes: meta-xylene, ortho-xylene, and para-xylene, and collectively, they are referred to as total xylenes. Growing application of xylenes as a cleaning agent, paint thinners, in gasoline, pesticides, and other application areas has created growth avenues for the market growth for Xylene.

The Major Players Covered in this Report:
PTT Global Chemical Public Company Limited, Merck KGaA, Braskem, Formosa Chemicals & Fibre Corp, Reliance Industries Limited, Exxon Mobil Corporation, Flint Hills Resources, SK global chemical CoLtd., BASF, DUpont, LOTTE Chemical CORPORATION, MP Biomedicals, Nutan Chemicals, Honeywell International Inc., Puritan Products, Tokyo Chemical Industry Co., Ltd., Doe & Ingalls, Gadiv Petrochemical Industries Ltd, Cepsa 

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By Type , Ortho-Xylene , Meta-Xylene , Para-Xylene

By Application, Paints and Coatings, Plastics & Polymers, Aviation fuel, Textiles, Pesticides, Others

The Aviation Industry's Staggering Growth

The aviation industry has seen an upswing in growth over the years.  As per the data provided by the Ait Transport Action Group, the number of passengers carried by the global airlines increased from 4.3 billion in 2018 to 4.5 billion in 2019. Also, the average occupancy of aircraft was 82 percent greater than other forms of transport.  Furthermore, in order to achieve the target of 1. 5 percent fleet fuel efficiency per year from 2010 to 2020, airlines globally have purchased aircraft to the tune of USD 1 Trillion since the year 2009, highlighting the enormous potential of the aviation sector. Aircraft use a special fuel known as Aviation Turbine Fuel (ATF) that has a higher energy content per unit volume as compared to conventional fuel. Xylene is used as a blend in aviation fuel to obtain a higher octane level of gasoline for better performance. In light of the cut-throat competition in the aviation industry and lower profit margins, it has become necessary for airlines to reduce costs by making their airplanes more efficient by improving their performance. All these aforementioned factors are likely to boost the market demand for Xylene.

Regional Analysis For Xylene Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Xylene are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Xylene in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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