Press release
Chemical Catalyst: Xylene Market Explores Demand, Key Trends, and Growth Strategies in the Chemical Industry || Saudi Arabian Oil Co., China Petroleum & Chemical Corporation, ExxonMobil Corporation
Xylene Market
The Business Research Company offers in-depth market insights through Xylene Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The xylene market size has grown strongly in recent years. It will grow from $211.19 billion in 2023 to $225.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to paints and coatings industry, adhesive and sealant applications, expanding printing industry, polymer production, textile industry demand.
The xylene market size is expected to see strong growth in the next few years. It will grow to $292.08 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to green and sustainable alternatives, bio-based solvents, increased infrastructure projects, electronic industry expansion, stricter regulations. Major trends in the forecast period include technological advancements in formulations, shift towards bio-based xylene production, increased demand from end-use industries, focus on recycling and circular economy, technological innovations in xylene production.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=2749&type=smp
Market Segmentation:
The xylene market covered in this report is segmented -
1) By Type: Ortho-Xylene, Meta-Xylene, Para-Xylene, Mixed Xylene
2) By Application: Automotive, Textile, Chemical, Oil and Gas, Leather, Paints and Coatings, Rubber
3) By End User: Plastics and Polymers, Paints and Coatings, Adhesives, Other End Users
Major Driver - Rising Global Demand For Paraxylene Boosts The Xylene Market
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 materials has increased the demand for PET and hence contributed to the growth of the paraxylene market. To meet the increasing demand for paraxylene, new production plants have been set up. For instance, according to Jinlianchuang, a Chinese provider of comprehensive digital and intelligent services for bulk commodities, in 2022, China is expected to have 6 sets of paraxylene units in operation with a production capacity of 11.89 million tons/year with a 41.3% increase. The increase of production capacity will support the increasing demand for paraxylene. The growing demand for paraxylene thereby drives the xylene market.
Competitive Landscape:
Major companies operating in the xylene market report are Saudi Arabian Oil Co., China Petroleum & Chemical Corporation, ExxonMobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, BP plc, Indian Oil Corporation Ltd., Koch Industries Inc., ENEOS Corporation, Reliance Industries Ltd., BASF SE, Dow Inc., LG Chem Ltd., Honeywell International Inc., S-Oil Corporation, US Petrochemical Industries Inc., Merck KGaA, TORAY INDUSTRIES Inc., Braskem S.A., SK global chemical Co. Ltd., JX Nippon Oil and Energy Corporation, Mitsubishi Gas Chemical Company lnc., Chevron Phillips Chemical Company LLC, Formosa Plastics Corporation, Huntsman Corporation, Tosoh Corporation, INEOS Mangalore Refinery & Petrochemicals Ltd., UOP LLC, Samsung Total Petrochemicals Co.Ltd., Fujan Refining & Petrochemical Company Limited, Westlake Chemical Corporation, YPF S.A., Zhejiang Juhua Co. Ltd., LyondellBasell Industries Holdings B.V., Marathon Petroleum Corporation, Mitsui Chemicals Inc., Nan Ya Plastics Corporation, PTT Global Chemical Public Company Limited, Saudi Basic Industries Corporation (SABIC)
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/xylene-global-market-report
Top Trend - Manufacturers In The Xylene Market Ramp Up Production Capacity Expansion Efforts
The manufacturers in the xylene market are focusing on increasing their production capacity. The major players in the xylene market are investing in expanding the capacities of their existing plants and setting up new plants. For instance, in February 2022, Origin Materials, a US-based chemicals company launched its second plant in Geismar, Louisiana to make polyethylene terephthalate precursor p-xylene. In addition, in 2022, Iran will start the construction of a new 300,000 b/d refinery Shahid Soleimani which is expected to produce propylene, ethylene and paraxylene along with gasoline, diesel, jet fuel, and fuel oil. The project will be completed in next 5 years.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Xylene Market Characteristics
3. Xylene Market Trends And Strategies
4. Xylene Market - Macro Economic Scenario
5. Xylene Market Size And Growth
…..
27. Xylene Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Chemical Catalyst: Xylene Market Explores Demand, Key Trends, and Growth Strategies in the Chemical Industry || Saudi Arabian Oil Co., China Petroleum & Chemical Corporation, ExxonMobil Corporation here
News-ID: 3423311 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Xylene
P Xylene And Derivatives Market Size Analysis by Application, Type, and Region: …
According to Market Research Intellect, the global P Xylene And Derivatives market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
Due to its widespread usage in the manufacturing of purified terephthalic acid (PTA), a crucial raw…
P Xylene Px Market Size Analysis by Application, Type, and Region: Forecast to P …
USA, New Jersey- According to Market Research Intellect, the global P Xylene Px market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The P-Xylene (PX) market is experiencing substantial growth due to its increasing demand in the production of polyethylene terephthalate (PET) and other polyester-based products.…
Xylene Market Outlook | Trends, Insights & Future Growth
Xylene is an essential aromatic hydrocarbon used in a variety of industries, including petrochemicals, paints & coatings, and adhesives. As a key solvent and precursor in chemical production, xylene plays a vital role in the manufacturing of polymers, resins, and synthetic fibers. The global xylene market is expected to witness substantial growth, driven by increasing demand in the plastics and textile industries. With growing industrialization and infrastructural development, the market…
Xylene Price Trends: Market Analysis and Insights
Xylene, a key aromatic hydrocarbon, holds significant importance across various industries, particularly in the production of solvents, plastics, and synthetic fibers. The dynamic market landscape of xylene necessitates a comprehensive understanding of its price trends to facilitate informed decision-making for procurement and investment strategies. This article delves into the latest updates on xylene prices, historical data, market analysis, and forecasts, offering valuable insights to stakeholders.
Xylene Price Trends Report: https://www.procurementresource.com/resource-center/xylene-price-trends
Latest Xylene…
Xylene Market Report 2024 - Xylene Market Demand, Scope And Industry Trends
"The Business Research Company recently released a comprehensive report on the Global Xylene Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of…
Global Mixed Xylene Market Growth 2019-2024
LP INFORMATION offers a latest published report on Mixed Xylene Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the Mixed Xylene market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular,…
