Xylene Market Research Report - Forecast to 2027

Xylene Market Research Report: By Type (O-Xylene, M-Xylene, P-Xylene), Application (Automotive, Textile, Chemical, Oil & Gas, Leather, Paints & Coatings, Rubber) and Region Forecast Till 2027

ID: MRFR/CnM/0495-HCR | February 2021 | Region: Global | 138 pages

Xylene Market Overview

Wondering what xylene is xylene is an organic compound. This organic compound is obtained by catalytic reforming and coal carbonization processes. Xylene is a hydrocarbon with properties such as greasiness and colorlessness in nature. In addition to these properties, it quickly evaporates and has good dissolving power. Its demand is increasing in all the major industries. This is the reason the xylene market is increasing globally. Hence xylene production automatically increases with this increases the xylene market production.


COVID 19 Analysis


As the Global pandemic has hit every part of the world it is important to see the major factors and trends that have been occurring due to the pandemic. Coronavirus has stepped down the slope of profit for the xylene market globally. The market is short, no other business other than the health sector is operating smoothly. The Xylene market has seen drastic impacts in the profit level due to the lockdown which enables people to purchase or manufacture any of the goods. It is a hope that with the new normal things go back to where they were with precautions and safety. The market is still thought to rise as per the forecasted period.


Competitive Landscape


The most prominent key players in the xylene market in the global market are as follows- 



  • Eastman Chemical Company (U.S.)

  • China National Petroleum Corporation (China)

  • BASF SE (Germany)

  • Huntsman Corporation (U.S.)

  • Chevron Phillips Chemical Company (U.S.)

  • TORAY INDUSTRIES, INC. (Japan)

  • Formosa Plastics Corporation (Taiwan)

  • The ExxonMobil Corporation(U.S.)

  • The Dow Chemical Company (U.S.)

  • LG Chem (South Korea) among others.


The most prominent key players in the xylene market globally use various techniques and strategies to enhance the growth of its work. Benzene toluene xylene market is also a sector of progress taking place. The various strategies used include growing innovation and technological advancements in all the catalytic reforming and various processes. All this proposed the growth in the market of xylene globally.


Market Dynamics


Drivers


The xylene market is growing tremendously Globally. The factors that influence the growth of the xylene market are its use in various products such as paint thinner, nail polish remover, glues, and correction fluids. The reason why xylene is used in all these products is due to its extensive use as a solvent. It is also utilized as an industrial feedstock which helps in producing phthalic anhydride. Phthalic anhydride is later used as an intermediate in the production of plastic from vinyl chloride. Mostly in the latter end-use industries. Not just its use and properties make xylene the best but also it is used as an alternative fuel in heavy engines. In addition to this the increasing use of the product in the acrylic concrete sealer. It is used in various sectors such as paints and coatings textiles and others and this drives the market.


Opportunities


The xylene market is tremendously growing globally. As the market grows various opportunities can be taken. Soon, these opportunities directly impact market growth positively. It is estimated that o-xylene, a segment of it, is set to grow at a higher CAGR than any other segment. Looking at all the numerous uses of xylene, as an intermediate, solvent and others are in oil and gas industries. Also, there is a scope of growth due to the higher demands and production of polyethylene terephthalate (PET) and pure ISOphthalic acid (PIA) in all the major industries. All this is thought to grow the xylene market. A much better opportunity is given by the automotive sector which is the leading segment to date. It is because of the ample consumption of the product, used in sealing and coating of numerous automotive parts such as engine trains interiors and exteriors of the body and many others.


Value Chain Analysis


As the xylene market is increasing globally. It has many benefits such as it is used in paint thinners, nail polish and movers glues, and correction fluids. It is also used as an alternative fuel in heavy engines. Xylene makes its way into the automotive sector. By helping and being a major part in the process such as sealing and coating of numerous automotive parts such as engine train interior and exterior parts of the body and others. What propels its growth is the use in other sectors such as paints and coatings textiles etc.


Market Segmentation


The xylene market in the global market has been divided based on type and application and geographical area.


Based on Type


The xylene market in the global market has been divided based on the type into o-xylene, m-xylene, and p-xylene segments. The o-xylene segment is set to hold the highest position in the share of the market of xylene. Due to its extraordinary properties such as lightweight, superior performance, and many other characteristics.


Based on Application


The xylene market in the global market has been divided based on the application into automotive, textile, chemical, oil and gas, leather, paints and coatings, rubber, and many others.


Based on the Geographical Area


The xylene market in the global market has been divided based on the geographical area into the Asia Pacific, North America, Europe, Latin America and the Middle East, and Africa.


Regional Analysis


The xylene market in the Global markets has been divided based on the region into the Asia Pacific, North America, Europe, Latin America and the Middle East, and Africa.


As per the analysis done from the data provided Asia-pacific is said to hold the major share of the market due to various reasons. The reasons such as consumption of xylene in automotive aerospace aviation and others.


North America is growing significantly due to the xylene market manufacturers who demand more and more xylene products. The reason for its demand is because of the products manufactured by xylenes such as automotive paints and coatings. Strategies of investing in the end news industries are thought to drive the market even further higher during the forecasted period. In countries like the US, Canada, and Mexico the stunning market growth they have reached is due to the growing consumption of polyethylene terephthalate products (PET) and pure isophthalic acid (PIA). Because these countries work on techniques such as cost-effective, cleansing properties and higher performances in the products.


The European market has been remarkably growing in the past due to the utilization of xylene products and construction industries. The growing innovations and the technological investment in catalytic reforming and other processes seem like the reason for the growth of countries such as the UK, Italy, Germany, and France during the forecasted period.


Lastly, the Middle East and Africa region are thought to witness an increase in the growth in the market. The reason being is the growing consumption of xylene in healthcare automotive and many other sectors.


Recent Developments



  • The CAGR of 2019 to 2027 is expected to be substantial.

  • Advancements in technology and various innovations for the properties enhancement suggest quick evaporation, good dissolving ability, and growing consumption in the major industries.

  • Xylene transfer market and mixed xylene market are the domains that are prospering at a good rate.

  • The Global Ortho xylene market has made various progress due to the extraordinary features exhibited by the product. Such as lightweight superior performance and other characteristics.

  • Automotive healthcare and other sectors have developed quite fine. This leads to an increase in demand for xylene. Mostly the consumption has increased in the Asia Pacific region.


Report Overview


The xylene market research report consists of the following elements:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This global xylene market research report consists of the factors that drive the xylene market in the global market along with the factors that restrict the xylene market in the global market. This report also contains various growth opportunities in the xylene market in the global market during the forecasted period. The impact of COVID 19 on the xylene market is also estimated. The future growth rate of the xylene market in the global market is mentioned.


Intended Audience


The intended audience of the xylene market are as follows-



  • Xylene market manufacturers 



  • Traders and Distributors of the Xylene market



  • Production Process Industries



  • Potential Investors



  • Raw Material Suppliers 



  • Nationalized Laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   2019–2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, By Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities

  • Quick evaporation
  • Good dissolving ability
  • Growing consumption in major industries
  •   Key Market Drivers

  • Extensive use as a solvent in paint thinners
  • Nail polish removers, glues
  • Correction fluids


  • Frequently Asked Questions (FAQ) :


    The xylene market is segmented across five regions. These regions are Europe, North America, Latin America and the Middle East, Asia Pacific, and Africa.

    The Global xylene market is segmented into types, applications, and geographical areas.

    The prominent players operating in the Global xylene market are as follows- ● Eastman chemical company ● China National petroleum corporation ● Huntsman corporation etc

    All the intended audience of the xylene market are as follows- ● Xylene market manufacturer ● Traders and Distributors of the Xylene market ● Production Process Industries ● Potential Investors ● Raw Material Suppliers ● Nationalized Laboratory

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Porter’s Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining power of buyers

    4.1.3 Threat of substitutes

    4.1.4 Segment rivalry

    4.2 Value Chain/Supply Chain of Global Xylene Market

    5 Industry Overview of Global Xylene Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact analysis

    7. Global Xylene Market by Type

    7.1 Introduction

    7.2 O-xylene

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast by Region, 2020-2027

    7.3 M-xylene

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Region, 2020-2027

    7.4 P-xylene

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast by Region, 2020-2027

    8. Global Xylene Market by Application

    8.1 Introduction

    8.2 Automotive

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast by Region, 2020-2027

    8.3 Textile

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast by Region, 2020-2027

    8.4 Chemical

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast by Region, 2020-2027

    8.5 Oil & gas

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast by Region, 2020-2027

    8.6 Leather

    8.6.1 Market Estimates & Forecast, 2020-2027

    8.6.2 Market Estimates & Forecast by Region, 2020-2027

    8.7 Paints & coatings

    8.7.1 Market Estimates & Forecast, 2020-2027

    8.7.2 Market Estimates & Forecast by Region, 2020-2027

    8.8 Rubber

    8.8.1 Market Estimates & Forecast, 2020-2027

    8.8.2 Market Estimates & Forecast by Region, 2020-2027

    8.9 Others

    8.9.1 Market Estimates & Forecast, 2020-2027

    8.9.2 Market Estimates & Forecast by Region, 2020-2027

    9. Global Xylene Market by Region

    9.1 Introduction

    9.2 North America

    9.2.1 Market Estimates & Forecast, 2020-2027

    9.2.2 Market Estimates & Forecast by Type, 2020-2027

    9.2.3 Market Estimates & Forecast by Application, 2020-2027

    9.2.4 US

    9.2.4.1 Market Estimates & Forecast, 2020-2027

    9.2.4.2 Market Estimates & Forecast by Type, 2020-2027

    9.2.4.3 Market Estimates & Forecast by Application, 2020-2027

    9.2.5 Canada

    9.2.5.1 Market Estimates & Forecast, 2020-2027

    9.2.5.2 Market Estimates & Forecast by Type, 2020-2027

    9.2.5.3 Market Estimates & Forecast by Application, 2020-2027

    9.2.6 Mexico

    9.2.6.1 Market Estimates & Forecast, 2020-2027

    9.2.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.2.6.3 Market Estimates & Forecast by Application, 2020-2027

    9.3 Europe

    9.3.1 Market Estimates & Forecast, 2020-2027

    9.3.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.3 Market Estimates & Forecast by Application, 2020-2027

    9.3.4 Germany

    9.3.4.1 Market Estimates & Forecast, 2020-2027

    9.3.4.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.4.3 Market Estimates & Forecast by Application, 2020-2027

    9.3.5. France

    9.3.5.1 Market Estimates & Forecast, 2020-2027

    9.3.5.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.5.3 Market Estimates & Forecast by Application, 2020-2027

    9.3.6 Italy

    9.3.6.1 Market Estimates & Forecast, 2020-2027

    9.3.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.6.3 Market Estimates & Forecast by Application, 2020-2027

    9.3.7 U.K

    9.3.7.1 Market Estimates & Forecast, 2020-2027

    9.3.7.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.7.3 Market Estimates & Forecast by Application, 2020-2027

    9.3.8 Rest of Europe

    9.3.8.1 Market Estimates & Forecast, 2020-2027

    9.3.8.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.8.3 Market Estimates & Forecast by Application, 2020-2027

    9.4 Asia Pacific

    9.4.1 Market Estimates & Forecast, 2020-2027

    9.4.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.3 Market Estimates & Forecast by Application, 2020-2027

    9.4.4 China

    9.4.4.1 Market Estimates & Forecast, 2020-2027

    9.4.4.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.4.3 Market Estimates & Forecast by Application, 2020-2027

    9.4.5 India

    9.4.5.1 Market Estimates & Forecast, 2020-2027

    9.4.5.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.5.3 Market Estimates & Forecast by Application, 2020-2027

    9.4.6 Japan

    9.4.6.1 Market Estimates & Forecast, 2020-2027

    9.4.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.6.3 Market Estimates & Forecast by Application, 2020-2027

    9.4.7 Rest of Asia Pacific

    9.4.7.1 Market Estimates & Forecast, 2020-2027

    9.4.7.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.7.3 Market Estimates & Forecast by Application, 2020-2027

    9.5 The Middle East & Africa

    9.5.1 Market Estimates & Forecast, 2020-2027

    9.5.2 Market Estimates & Forecast by Type, 2020-2027

    9.5.3 Market Estimates & Forecast by Application, 2020-2027

    9.5.4 Saudi Arabia

    9.5.4.1 Market Estimates & Forecast, 2020-2027

    9.5.4.2 Market Estimates & Forecast by Type, 2020-2027

    9.5.4.3 Market Estimates & Forecast by Application, 2020-2027

    9.5.5 Qatar

    9.5.5.1 Market Estimates & Forecast, 2020-2027

    9.5.5.2 Market Estimates & Forecast by Type, 2020-2027

    9.5.5.3 Market Estimates & Forecast by Application, 2020-2027

    9.5.6 North Africa

    9.5.6.1 Market Estimates & Forecast, 2020-2027

    9.5.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.5.6.3 Market Estimates & Forecast by Application, 2020-2027

    9.5.7 GCC

    9.5.7.1 Market Estimates & Forecast, 2020-2027

    9.5.7.2 Market Estimates & Forecast by Type, 2020-2027

    9.5.7.3 Market Estimates & Forecast by Application, 2020-2027

    9.5.8 Rest of the Middle East & Africa

    9.5.8.1 Market Estimates & Forecast, 2020-2027

    9.5.8.2 Market Estimates & Forecast by Type, 2020-2027

    9.5.8.3 Market Estimates & Forecast by Application, 2020-2027

    9.6 Latin America

    9.6.1 Market Estimates & Forecast, 2020-2027

    9.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.6.3 Market Estimates & Forecast by Application, 2020-2027

    9.6.4 Brazil

    9.6.4.1 Market Estimates & Forecast, 2020-2027

    9.6.4.2 Market Estimates & Forecast by Type, 2020-2027

    9.6.4.3 Market Estimates & Forecast by Application, 2020-2027

    9.6.5 Argentina

    9.6.5.1 Market Estimates & Forecast, 2020-2027

    9.6.5.2 Market Estimates & Forecast by Type, 2020-2027

    9.6.5.3 Market Estimates & Forecast by Application, 2020-2027

    9.6.6 Rest of Latin America

    9.6.6.1 Market Estimates & Forecast, 2020-2027

    9.6.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.6.6.3 Market Estimates & Forecast by Application, 2020-2027

    10. Company Landscape

    11. Company Profiles

    11.1 Eastman Chemical Company

    11.1.1 Company Overview

    11.1.2 Type/Business Segment Overview

    11.1.3 Financial Updates

    11.1.4 Key Developments

    11.2 China National Petroleum Corporation

    11.2.1 Company Overview

    11.2.2 Type/Business Segment Overview

    11.2.3 Financial Updates

    11.2.4 Key Developments

    11.3 BASF SE

    11.3.1 Company Overview

    11.3.2 Type/Business Segment Overview

    11.3.3 Financial Updates

    11.3.4 Key Developments

    11.4 Huntsman Corporation

    11.4.1 Company Overview

    11.4.2 Type/Business Segment Overview

    11.4.3 Financial Updates

    11.4.4 Key Developments

    11.5 Chevron Philips Chemical Company

    11.5.1 Company Overview

    11.5.2 Type/Business Segment Overview

    11.5.3 Financial Updates

    11.5.4 Key Developments

    11.6 TORAY INDUSTRIES, INC.

    11.6.1 Company Overview

    11.6.2 Type/Business Segment Overview

    11.6.3 Financial Updates

    11.6.4 Key Developments

    11.7 Formosa Plastics Corporation

    11.7.1 Company Overview

    11.7.2 Type/Business Segment Overview

    11.7.3 Financial Updates

    11.7.4 Key Developments

    11.8 The ExxonMobil Corporation

    11.8.1 Company Overview

    11.8.2 Type/Business Segment Overview

    11.8.3 Financial Updates

    11.8.4 Key Developments

    11.9 The Dow Chemical Company

    11.9.1 Company Overview

    11.9.2 Type/Business Segment Overview

    11.9.3 Financial Updates

    11.9.4 Key Developments

    11.10 LG Chem

    11.10.1 Company Overview

    11.10.2 Type/Business Segment Overview

    11.10.3 Financial Updates

    11.10.4 Key Developments

    11.11 Mitsui Chemicals

    11.11.1 Company Overview

    11.11.2 Type/Business Segment Overview

    11.11.3 Financial Updates

    11.11.4 Key Developments

    11.12 BP CHEMICALS

    11.12.1 Company Overview

    11.12.2 Type/Business Segment Overview

    11.12.3 Financial Updates

    11.12.4 Key Developments

    11.13 DuPont

    11.13.1 Company Overview

    11.13.2 Type/Business Segment Overview

    11.13.3 Financial Updates

    11.13.4 Key Developments

    11.14 Valero Marketing and Supply Company

    11.14.1 Company Overview

    11.14.2 Type/Business Segment Overview

    11.14.3 Financial Updates

    11.14.4 Key Developments

    11.15 Reliance Industries Limited

    11.15.1 Company Overview

    11.15.2 Type/Business Segment Overview

    11.15.3 Financial Updates

    11.15.4 Key Developments

    12 Conclusion

    LIST OF TABLES

    Table 1 World Population by Major Regions (2020 to 2030)

    Table 2 Global Xylene Market: By Region, 2020-2027

    Table 3 North America Xylene Market: By Country, 2020-2027

    Table 4 Europe Xylene Market: By Country, 2020-2027

    Table 5 Asia Pacific Xylene Market: By Country, 2020-2027

    Table 6 The Middle East & Africa Xylene Market: By Country, 2020-2027

    Table 7 Latin America Xylene Market: By Country, 2020-2027

    Table 8 Global Xylene by Type Market: By Regions, 2020-2027

    Table 9 North America Xylene by Type Market: By Country, 2020-2027

    Table10 Europe Xylene by Type Market: By Country, 2020-2027

    Table11 Asia Pacific Xylene by Type Market: By Country, 2020-2027

    Table12 The Middle East & Africa Xylene by Type Market: By Country, 2020-2027

    Table13 Latin America Xylene by Type Market: By Country, 2020-2027

    Table14 Global Xylene by Application Market: By Regions, 2020-2027

    Table15 North America Xylene by Application Market: By Country, 2020-2027

    Table16 Europe Xylene by Application Market: By Country, 2020-2027

    Table17 Asia Pacific Xylene by Application Market: By Country, 2020-2027

    Table18 The Middle East & Africa Xylene by Application Market: By Country, 2020-2027

    Table19 Latin America Xylene by Application Market: By Country, 2020-2027

    Table20 Global Type Market: By Region, 2020-2027

    Table21 Global Application Market: By Region, 2020-2027

    Table22 North America: Xylene Market, By Country

    Table23 North America: Xylene Market, By Type

    Table24 North America: Xylene Market, By Application

    Table25 Europe: Xylene Market, By Country

    Table26 Europe: Xylene Market, By Type

    Table27 Europe: Xylene Market, By Application

    Table28 Asia Pacific: Xylene Market, By Country

    Table29 Asia Pacific: Xylene Market, By Type

    Table30 Asia Pacific: Xylene Market, By Application

    Table31 The Middle East & Africa: Xylene Market, By Country

    Table32 The Middle East & Africa: Xylene Market, By Type

    Table33 The Middle East & Africa: Xylene Market, By Application

    Table34 Latin America: Xylene Market, By Country

    Table35 Latin America: Xylene Market, By Type

    Table36 Latin America: Xylene Market, By Application

    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 2020, by country (in %)

    FIGURE 6 Global Xylene Market, 2020-2027,

    FIGURE 7 Sub segments of Type

    FIGURE 8 Global Xylene Market size by Type, 2020

    FIGURE 9 Share of Global Xylene Market by Type, 2020 to 2027

    FIGURE 10 Global Xylene Market size by Application, 2020

    FIGURE 11 Share of Global Xylene Market by Application, 2020 to 2027