Global Benzene-Toluene-Xylene Market Witness To Grow At A CAGR Of 7.2% Over 2016-2020


Posted June 26, 2017 by wiojklji

The Benzene-Toluene-Xylene refers to mixtures of benzene, toluene, and the three xylene isomers, all of which are aromatic hydrocarbons.
 
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Global Benzene-Toluene-Xylene Market Witness To Grow At A CAGR Of 7.2% Over 2016-2020
The Benzene-Toluene-Xylene refers to mixtures of benzene, toluene, and the three xylene isomers, all of which are aromatic hydrocarbons.
The Benzene-Toluene-Xylene are derived from the petroleum refining and petrochemical industries, petrochemicals are an essential part of commodities used in daily lives. They are used in various end-use industries, ranging from manufacturing to consumer goods. According to research, the global Benzene-Toluene-Xylene market is expecting to witness to grow at a CAGR of 7.2% over 2016-2020.


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……………………Geographically, petrochemicals are chemical compounds derived from petroleum and other hydrocarbons, which are obtained from crude oil and natural gas. They are primarily used as chemical building blocks for a variety of materials and applications. Rising demand for petrochemicals in major end-use industries coupled with favorable operating conditions, primarily in the Middle East and Asia Pacific.
Base on types, the global consumption of benzene, estimated at more than 47,000,000 tons in 2015, showed an unprecedented growth of more than 3,500,000 tons from the level seen in 2010. Likewise, the para-xylene consumption showed unprecedented growth in 2010, growing by 2,800,000 tons, a full ten percent growth from 2009.
The global leading companies in Benzene-Toluene-Xylene market are BASF SE, ExxonMobil, The Dow Chemical Company, Shell Chemical Company, SABIC, Sinopec Limited, LyondellBasell Industries, Total S.A., Sumitomo Chemical Co. Ltd., Chevron Phillips Chemical Company LLC and E. I. du Pont de Nemours and Company among others.
Global Benzene-Toluene-Xylene market share by region as following:

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Joanna | Executive – International Business and partner Relations
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Last Updated June 26, 2017