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Global M-Xylene Industry Size, Share, Growth, Analysis & Market - 2023
Read market report summary here : https://www.psmarketresearch.com/market-analysis/meta-xylene-marketThe global meta-xylene market is driven by the increased demand for meta-xylene in the emerging economies of Asia-Pacific and Latin America. Isophthalic acid, one of the major end-products of meta-xylene, is used extensively in the plastics and painting sectors. The rapid growth in the infrastructure development in India, China, Brazil, United Arab Emirates (UAE), coupled with the availability of low cost raw material and cheap labour is expected to boost the m-Xylene market during the forecast period.
1,3-Dimethylbenzene, 1,3-Xylene, m-Xylol, m-Dimethylbenzene are the various chemical names of meta-xylene. The aromatic hydrocarbon is produced by a catalyst, in processes such as, moving bed adsorption and adsorptive separation and crystallization. It is used for various commercial applications, most notably for the production of isophthalic acid (IPA) which is used as a raw material for the production of various chemicals, plastics and paints. Meta-xylene (1, 3-dimethylbenzene) is consumed primarily for the production of isophthalic acid.
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Lack of diversification in end use of meta-xylene is a major challenge for the expansion of meta-xylene market in recent years. The concern over the impact of non-degradable plastic on landfill and environment has led to significant increase in the demand for green and biodegradable packaging solution such as bio-plastics.
Some of the major competitors in the m-Xylene (meta-xylene) market are Bp Plc, Perstorp Holding AB, UOP LLC, Chevron Corporation, and Eastman Chemical Company. Some of the other prominent competitors are JX Nippon Oil & Energy Corporation, ConocoPhillips Company, Phillips 66 Company and Shell Chemicals LTD.
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