Mixed Xylene Market is predicted to reach USD 87.47 Billion at a CAGR of 5.10% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Mixed Xylene Market” that contains information from 2018 to 2032. The Mixed Xylene Market is estimated to register a CAGR of 5.10% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Mixed Xylene Market — Flint Hills Resources, LLC, GS Caltex Corporation, Exxon Mobil Corporation, Chevron Phillips Chemical Company LLC, TOTAL S.A., LOTTE Chemical Corporation, Idemitsu Kosan Co., Ltd., Royal Dutch Shell plc, China Petroleum & Chemical Corporation, China National Petroleum Corporation, SK chemical Co., Ltd., and YPF Sociedad Anónima.


Market Highlights


The global Mixed Xylene Market is accounted to register a CAGR of 5.10% during the forecast period and is estimated to reach USD 87.47 Billion by 2032.


Mixed xylene refers to a mixture of three isomers of xylene: meta-xylene, ortho-xylene, and para-xylene. These chemicals are aromatic hydrocarbons derived from crude oil and are used in various industrial applications, including the production of petrochemicals, paints, coatings, adhesives, and solvents.


Segment Analysis


The global Mixed Xylene Market has been segmented based on Application, and End-Use.


The mixed xylene market segmentation, based on application includes fuel blending, solvents, thinners and raw material. The solvents segment dominated the market. Due to its quick drying properties, mixed xylene is frequently used as a solvent in various end-use industries, including surface coatings and agrochemicals. Furthermore, due to advantages in terms of process and economy for the end-use industries, recent research and development about mixed xylene is boosting its acceptance as a solvent. Additionally, as more environmentally friendly technology is adopted, less harm is done to the environment, which is a reason that is also driving its increased use as a solvent.


The mixed xylene market segmentation, based on end-use, includes paints & coatings, adhesives & sealants, pesticides, chemicals, gasoline, printing, rubber & leather and others. The rubber & leather category generated the most income. The production of synthetic rubber and leather frequently uses mixed xylene as a solvent to effectively dissolve other substances. The need for mixed xylene is increasing as the synthetic rubber sector expands. The European Tyre & Rubber Manufacturers Association (ETRMA) estimates that China will produce the majority of synthetic rubber in 2020 (22%), followed by the European Union (14%).


Regional Analysis


The global Mixed Xylene Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. The North American mixed xylene market will dominate this market due to the region's numerous companies' heavy use of mixed xylene as a solvent. One of the key elements fueling the expansion of the mixed xylene market in this area is the abundance of raw materials. The growth rate of the mixed xylene market will also be aided by the presence of multiple purified terephthalic acids (PTA) manufacturers. Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Europe mixed xylene market accounts for the second-largest market share. A key element driving growth in the demand for mixed xylene is the increasing application of this material by the numerous end user verticals in this region, including polymers, paints and coatings, adhesives, and other end user sectors. Further, the German mixed xylene market held the largest market share, and the UK mixed xylene market was the fastest growing market in the European region


The Asia-Pacific Mixed xylene Market is expected to grow at the fastest CAGR from 2023 to 2032. The expansion of industrial sectors like rubber, paints & coatings, and others is what fuels the region's major economy. The market is growing as a result of potentially increasing demand for mixed xylene. Moreover, China’s mixed xylene market held the largest market share, and the Indian mixed xylene market was the fastest growing market in the Asia-Pacific region.


Key Findings of the Study



  • The global Mixed Xylene Market is expected to reach USD 87.47 Billion by 2032, at a CAGR of 5.10% during the forecast period.

  • The Asia-Pacific Mixed xylene Market is expected to grow at the fastest CAGR from 2023 to 2032. The expansion of industrial sectors like rubber, paints & coatings, and others is what fuels the region's major economy.

  • The mixed xylene market segmentation, based on application includes fuel blending, solvents, thinners and raw material. The solvents segment dominated the market. Due to its quick drying properties, mixed xylene is frequently used as a solvent in various end-use industries, including surface coatings and agrochemicals.

  • Flint Hills Resources, LLC, GS Caltex Corporation, Exxon Mobil Corporation, Chevron Phillips Chemical Company LLC, TOTAL S.A., LOTTE Chemical Corporation, Idemitsu Kosan Co., Ltd., Royal Dutch Shell plc, China Petroleum & Chemical Corporation, China National Petroleum Corporation, SK chemical Co., Ltd., and YPF Sociedad Anónima.


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Pages 140
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