Xylene Market 2021 Size, Status and Outlook- Braskem S.A., ExxonMobil Corporation, Honeywell International Inc., BP PLC, Chevron Phillips Chemical

Global Xylene Market 2021 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Xylene market size, demand and revenue. The current Xylene market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

The global xylene market is expected to grow from $30.39 billion in 2020 to $34.43 billion in 2021 at a compound annual growth rate (CAGR) of 13.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $31.46 billion in 2025 at a CAGR of -2%.

Inquire for Sample Copy of this Report:

https://www.marketinsightsreports.com/reports/08103166871/xylene-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-by-type-ortho-xylene-meta-xylene-para-xylene-mixed-xylene-2-by-end-use-plastics-and-polymers-paints-and-coatings-adhesives-others-3-by-application-automotive-textile-chemical-oil-and-gas-leather-paints-and-coatings-rubber-covering-braskem-s-a-exxonmobil-corporation-honeywell-international-inc-bp-plc-chevron-phillips-chemical/inquiry?Mode=S48

Scope of this Report:

Markets Covered:
1) By Type: Ortho-Xylene; Meta-Xylene; Para-Xylene; Mixed Xylene 2) By End-use: Plastics and Polymers; Paints and Coatings; Adhesives; Others 3) By Application: Automotive; Textile; Chemical; Oil and Gas; Leather; Paints and Coatings; Rubber
Companies Mentioned: Braskem S.A.; ExxonMobil Corporation; Honeywell International Inc.; BP PLC; Chevron Phillips Chemical
Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Buy this Report:

https://www.marketinsightsreports.com/report/purchase/08103166871?mode=su?Mode=S48

Executive Summary:

The xylene market consists of the sales of xylene and related services used in printing, rubber and leather industries. Xylene is a chemical compound having isomers made from refined petroleum or liquid hydrocarbons. Xylene can also occur naturally in petroleum and coal tar. It is a colourless, insoluble, flammable liquid with a sweet odor. Xylene is used as a cleaning agent, paint thinner and remover, varnish, airplane fuel, gasoline, rust preventatives, pesticides, lacquers.
The increasing demand for paraxylene across the globe contributes to the growth of the xylene market. Paraxylene is one of the isomers of xylene and is essential in the production of polyethylene terephthalate (PET). PET is used in industries such as beverage packaging, consumer goods, sheets & films, food packaging, automotive, and construction. The increase in the need for packaging material has increased the demand for PET and hence contributes to the growth of the paraxylene market. To meet the increasing demand for paraxylene, new production plants have been set up. For instance, in 2019, Formosa Chemicals and Fibre Corp., a Taiwan-based manufacturer and marketer of chemical products, built a new production plant with the capacity to produce 900,000 mt/year of paraxylene, 640,000 mt/year of benzene and 240,000 mt/year of Orth xylene. This new plant will support the demand for Xylene in South-east Asia. The growing demand for paraxylene thereby drives the xylene market. The manufacturers in the xylene market are focusing on increasing their production capacity. The major players in the xylene market are investing in expanding their capacities of the existing plants and setting up new plants. For instance, to increase export volume to Chinese buyers, Tonen General, a Japan-based oil refining and marketing company, invested in its new 230,000 tone/year recovery unit in Ichihara to increase the sales of isomer-grade xylene. Following the trend of expansion, in 2019, China Petroleum & Chemical Corporation (or Sinopec), a Chinese oil and gas enterprise based in Beijing, started a new 800,000 tonne/year PX (para-xylene) unit which is located in Hainan. Also, Chinas Fuhaichuang Petrochemical, resumed PX productions at 800,000 tonne/year PX line in 2018 and 800,000 tonne/year PX line in January 2019.

Regional Analysis For Xylene Market:

North America (The 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.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Browse the Report Description And TOC:

https://www.marketinsightsreports.com/reports/08103166871/xylene-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-by-type-ortho-xylene-meta-xylene-para-xylene-mixed-xylene-2-by-end-use-plastics-and-polymers-paints-and-coatings-adhesives-others-3-by-application-automotive-textile-chemical-oil-and-gas-leather-paints-and-coatings-rubber-covering-braskem-s-a-exxonmobil-corporation-honeywell-international-inc-bp-plc-chevron-phillips-chemical?Mode=S48

Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

The research includes historic data from 2015 to 2021 and forecasts until 2030 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Please connect with our sales team (sales@marketinsightsreports.com ).

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.