Global Meta-Xylene Market Size, Trends and Growth Opportunity, By Type (Sorbex, UOP, Others), By Application (Isophthalic Acid, 2, 4- and 2, 6-xylidine, Solvents, Other Application), By End User (Construction, Packaging, Automotive, Aerospace), By Region and forecast till 2027.
Report ID : IR100936 | Industries : Chemicals & Materials | Published On :May 2024 | Page Count : 245
Global Meta-Xylene MarketSize, Trends and Growth Opportunity, By Type (Sorbex, UOP, Others), By Application (Isophthalic Acid, 2, 4- and 2, 6-xylidine, Solvents, Other Application), By End User (Construction, Packaging, Automotive, Aerospace), By Region and forecast till 2027.
Global Meta-Xylene Market
Global Meta-Xylene Market was valued at USD 1,236 million in 2021and is slated to reach at USD1311.78million by 2027 at a CAGR of 3.85% from 2022-2027.
Xylene is a colourless, volatile liquid hydrocarbon derived from wood, coal, and petroleum. Para-xylene and ortho-xylene are isomers of meta-xylene. It is an aromatic hydrocarbon having two methyl substituents linked to the benzene ring's meta locations. It is commonly used in the manufacture of 1, 3-Dimethylbenzene, Isophthalic acid, 1, 3-xylene, m-xylol, and m-dimethylbenzene, among other things.
Market Drivers
The demand for meta-xylene is predicted to increase due to its widespread use in the production of isophthalic acid. It is also projected that increased use of isophthalic acid in architectural and aerospace coatings will accelerate market growth for meta-xylene. The demand for isophthalic acid is rising as a result of the building industry's increased use of paints and coatings. In turn, this is accelerating the expansion of the meta-xylene market. Accordingly, it is projected that over the projection period, high isophthalic acid consumption and rising demand for sealants and adhesives in end-use industries would play a significant role in the meta-xylene market.The producers of meta-xylene are putting a lot of effort into expanding their production capabilities. The key market participants in the meta-xylene industry are making investments in new plant construction and boosting the capacity of already existing facilities. In order to generate the precursor to polyethylene terephthalate, p-xylene, Origin Materials, a US-based chemicals company, has opened its second plant in Geismar. In addition, Iran will begin building a brand-new refinery, named Shahid Soleimani, with a capacity of 300,000 b/d. This refinery is expected to produce ethylene, propylene, and paraxylene in addition to jet fuel, gasoline, diesel, and fuel oil. Five years from now, this project will be finished.
Market Restraints
There are various risky and negative effects of meta-xylene: The environment and human health are seriously compromised by meta-xylene. When a significant amount of xylene leaks into the soil from a landfill, hazardous waste site, or an accidently spilled amount, it may move through the soil and contaminate drinking water wells. Meta-xylene exposure can cause headaches, nausea, and vomiting. Therefore, the primary and greatest obstacle to the expansion of the market is this detrimental risk.
Impact of COVID-19
The Covid-19 pandemic has had a significant influence on all industries globally, including manufacturing, distribution, and many others. Additionally, a lack of feedstock put petrochemical product makers in a difficult condition, which decreased product output. In the rubber, printing, and leather sectors, meta-xylenes are employed as solvents; however, because of stringent government regulations, the meta-xylene market suffered during the epidemic.The demand for meta-xylene derivatives, such as dimethyl terephthalate, pure terephthalate acid, and polyethylene terephthalate, is, however, being positively impacted by the increased use of face shields, transparent masks, food, and e-commerce packaging. These elements increased the need for meta-xylene during pandemics. In the post-pandemic period, it is anticipated that exports of meta-xylene will gradually rise.
Market Segmentation
Global Meta-Xylene Market is segmented into Type, Application, End-User. By Type such as Sorbex, UOP, Others. By Application such as Isophthalic Acid, 2, 4- and 2, 6-xylidine, Solvents, Other Application. By End-User such as Construction, Packaging, Automotive, Aerospace.
Regional Analysis
Global Meta-Xylene Market is segmented intofive regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific is predicted to lead the meta-xylene market in terms of revenue growth and market share Because of the large-scale production of polyethylene terephthalate (PET) plastic. Furthermore, significant increases in m-xylene manufacturing capacity by major market participants, as well as rising consumption of carbonated alcoholic beverages and soft drinks, will drive market expansion.North America is estimated to be the fastest growing region during the forecast period of 2023-2030, owing to a significant increase in demand for xylene products in the region's paints and coatings, automotive, and other industries.
Key Players
This report includes a list of numerous Key Players, namelyShell Plc. (U.K.), Chevron Phillips Chemical, Company LLC. (U.S.), BP PLC (U.K.), Thermo Fisher Scientific (U.S.), Merck KGaA (Germany), Perstorp (Sweden), Exxon Mobil Corporation (U.S.), Parchem fine & specialty chemicals (U.S.), Braskem (Brazil), Honeywell International Inc. (U.S.), Sulzer Ltd (Switzerland).
Market Taxonomy
By Type
• Sorbex
• UOP
• Others
By Application
• Isophthalic Acid
• 2, 4- and 2, 6-xylidine
• Solvents
• Other Application
By End User • Construction
• Packaging
• Automotive
• Aerospace
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Meta-Xylene Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Meta-Xylene Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Meta-Xylene Market,By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Meta-Xylene Market Share Analysis, By Type
5.3Global Meta-Xylene Market Size and Forecast, By Type
5.3.1 Sorbex
5.3.2 UOP
5.3.3 Others
6Global Meta-Xylene Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Meta-Xylene Market Share Analysis, By Application
6.3 Global Meta-Xylene Market Size and Forecast, By Application
6.3.1 Isophthalic Acid
6.3.2 2, 4- and 2, 6-xylidine
6.3.3 Solvents
6.3.4 Other Application
7Global Meta-Xylene Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Meta-Xylene Market Share Analysis, By End User
7.3 Global Meta-Xylene Market Size and Forecast, By End User
7.3.1 Construction
7.3.2 Packaging
7.3.3 Automotive
7.3.4 Aerospace
8Global Meta-Xylene Market, By Region
8.1 Global Meta-Xylene Market Share Analysis, By Region
8.2 Global Meta-Xylene Market Share Analysis, By Region
8.3 Global Meta-Xylene Market Size and Forecast, By Region
9 North America Meta-Xylene Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Meta-Xylene Market Share Analysis, By Type
9.3 North America Meta-Xylene Market Size and Forecast, By End User
9.4 North America Meta-Xylene Market Size and Forecast, By Application
9.5 North America Meta-Xylene Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10EuropeMeta-Xylene Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Meta-Xylene Market Share Analysis, By Type
10.3 Europe Meta-Xylene Market Size and Forecast, By End User
10.4 Europe Meta-Xylene Market Size and Forecast, By Application
10.5 Europe Meta-Xylene Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11Asia Pacific Meta-Xylene Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Meta-Xylene Market Share Analysis, By Type
11.3 Asia Pacific Meta-Xylene Market Size and Forecast, By End User
11.4 Asia Pacific Meta-Xylene Market Size and Forecast, By Application
11.5 Asia Pacific Meta-Xylene Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Meta-Xylene Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Meta-Xylene Market Share Analysis, Product Type
12.3 Latin America Meta-Xylene Market Size and Forecast, By End User
12.4 Latin America Meta-Xylene Market Size and Forecast, By Application
12.5 Latin America Meta-Xylene Market Size and Forecast, Country
12.5.1. Brazil
12.5.2.Rest of Latin America
13Middle East Meta-Xylene Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Meta-Xylene Market Share Analysis, By Type
13.3 Middle East Meta-Xylene Market Size and Forecast, By End User
13.4 Middle East Meta-Xylene Market Size and Forecast, By Application
13.5 Middle East Meta-Xylene Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Shell Plc.
15.1.1 Overview
15.1.2 Products
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Chevron Phillips ChemicalCompany LLC
15.2.1 Overview
15.2.2 Products
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
12.2.6 Key Strategies
15.3. BP PLC
15.3.1 Overview
15.3.2 Products
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Thermo Fisher Scientific
15.4.1 Overview
15.4.2 Products
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Merck KGaA
15.5.1 Overview
15.5.2 Products
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Perstorp
15.6.1 Overview
15.6.2 Products
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Exxon Mobil Corporation
15.7.1 Overview
15.7.2 Products
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8Parchem fine & specialty chemicals
15.8.1 Overview
15.8.2 Products
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9Braskem
15.9.1 Overview
15.9.2 Products
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10Honeywell International Inc.
15.10.1 Overview
15.10.2 Products
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies