Xylene Industry - Forecast and Analysis by Regions (2017-2022) Report at MarketResearchNest.com

MarketResearchNest.com adds “Global Xylene Market 2017-2021” new report to its research database. The report spread across 79 pages with table and figures in it.

Research analysts forecast the global xylene market to grow at a CAGR of 7.49% during the period 2017-2021.

About Xylene
Xylenes are petrochemicals produced during the manufacturing of coke fuel, which involves catalytic reforming and coal carbonization. They are also extracted from natural resources, such as tar, and through wood distillation. Due to their various chemical properties, they are used in several end-user industries, such as construction, textile, packaging, automotive, and medical, as a feedstock or as a solvent. Generally, xylenes are produced as a part of BTX aromatics. They are extracted from the product known as reformate. They are also derived from various sources within a refinery including toluene disproportionation and pyrolysis gasoline.

Covered in this report
The report covers the present scenario and the growth prospects of the global xylene market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Browse full table of contents and data tables at
https://www.marketresearchnest.com/global-xylene-market-2017-2021.html

The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
• ROW

Technavio's report, Global Xylene Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global xylene market: Braskem, Exxon Mobil, Formosa Chemicals & Fibre, JXTG Nippon Oil & Energy Corporation, Reliance Industries, Royal Dutch Shell, and US Petrochemical.

Other Prominent Vendors in the market are: Banner Chemicals, China National Petroleum Corporation, Chevron Phillips Chemical Company, GS Caltex, Gazprom Neft PJSC, KETUL CHEM, Koch FHR, LOTTE CHEMICAL, Mangalore Refinery & Petrochemicals, MP Biomedicals, MITSUBISHI GAS CHEMICAL COMPANY, Nutan Chemicals, PTT Global Chemical, RIDHDHI SIDHDHI CHEMICALS, Sigma-Aldrich, THAI OIL, Total, Triveni chemicals, Versalis, and Vinmar International.

Commenting on the report, an analyst from Research team said: “One trend in the market is recycling of PET. Owing to its increasing consumption and non-biodegradable nature, PET waste disposal has raised serious environmental and economic concerns. Management of PET waste has become a crucial issue. Hence, recycling is viewed as the most viable option for the treatment of PET waste.”

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According to the report, one driver in the market is increased demand from automobile industry. The global automobile industry has witnessed a significant growth in the past two decades. In 2016, the global automotive sales accounted for 75.53 million units. It is projected to reach 102.93 million units by 2020, growing at a CAGR of 8.04%. The global production of passenger cars increased from 63.08 million units in 2012 to 71.69 million units in 2016. Xylene is used in a variety of applications such as insulation, sealing, bonding, and coating, in different automotive parts such as engine, drive train, electrical system, electronics, interior, and body.

Further, the report states that one challenge in the market is logistical concern related to hazardous chemicals. Safe transportation of hazardous chemicals, such as PX and OX, is a big concern. A boom in the chemical industry has led to an increase in safety concerns of chemical logistics as freight traffic has witnessed a sharp rise. Shortage of untrained professionals for handling, packaging, and transportation of hazardous chemicals, and the lack of awareness about new and emerging trends and technologies are some of the major drawbacks witnessed all over the globe. Pilferage is another major concern. Expensive chemicals are being replaced by cheap substances, with cargo drivers being the major culprits.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;

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