Xylene Market Overview:
Xylene Market has seen a positive growth over the decade. Increasing demand of xylene in the application industries such as rubber and leather has anticipated being the major growth driver for global market. Addition to this, xylene is also used in textile industry as a polyester which is estimated to support the growth in this market over the forecast period. Government support and technological advancements are creating a major opportunity in the global market. Geographically, Asia-Pacific is estimated to be the largest market in terms of demand during the forecasted period.
Xylene is used in a wide variety of applications, as it offers versatile nature, abrasion resistance, and provides high performance to the product. Thus, they are used in various applications such as automotive, textile, chemical, oil & gas, leather, paints & coatings, rubber, and others. The global xylene market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
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Among these, Asia Pacific holds the major share of the global market and is projected to continue leading owing to the increasing consumption of xylene in applications such as automotive, textile, chemical, oil & gas, leather, paints & coatings, and others. It is estimated that the automotive segment is set to observe the highest CAGR in the market due to the growing use of organic compounds to improve the performance and increase the life cycle of the product. Moreover, increasing demand for xylene as a solvent in paint thinners, nail polish removers, glues, and others is likely to witness a rapid growth during the forecast period. These factors have led China, India, and Japan to be the major players in this region.
Xylene Market Key Players:
Some of the well-known players operating in the global xylene market are Eastman Chemical Company (U.S.), China National Petroleum Corporation (China), BASF SE (Germany), Huntsman Corporation (U.S.), Chevron Philips Chemical Company (U.S.), TORAY INDUSTRIES, INC. (Japan), Formosa Plastics Corporation (Taiwan), The ExxonMobil Corporation(U.S.), The Dow Chemical Company (U.S.) and LG Chem (South Korea) among others.
Xylene Market Regional Analysis:
Xylene Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the market due to the growing consumption of xylene in automotive, aerospace, aviation, and others. The o-xylene segment holds the major portion and is anticipated to continue its dominance in the market due to extraordinary features offered by the product such as light weight, superior performance, and other characteristics. Due to these factors countries such as China, Japan, South Korea, and India are the major players in this market.
The North American region is growing significantly due to growing demand for xylene products in automotive, paints & coatings, and other industries. It is predicted that growing investments in the end-use industries is likely to drive the market during the forecast period.
Xylene Market Table Of Contents:
1 Executive Summary
2 Scope Of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview Of Global Xylene Market
Xylene Market Table Of Contents to be Continue…...,
Xylene Market List Of Tables:
Table 1 World Population By Major Regions (2017 To 2030)
Table 2 Global Xylene Market: By Region, 2017-2023
Table 3 North America Xylene Market: By Country, 2017-2023
Table 4 Europe Xylene Market: By Country, 2017-2023
Table 5 Asia Pacific Xylene Market: By Country, 2017-2023
Xylene Market List Of Tables to be Continue….,
Xylene Market List Of Figures:
FIGURE 1 Global Xylene Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Xylene Market
FIGURE 4 Value Chain Of Global Xylene Market
FIGURE 5 Share Of Global Xylene Market In 2017, By Country (In %)
Xylene Market List Of Figures to be Continue….,
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