Xylene Market will witness a rapid growth to 2025
Request for TOC report @ https://bit.ly/2SYD7hF Asia Pacific led by India, Japan and China xylene market shall see significant growth during the foreseeable timeframe. Health conscious consumers are preffering packaged food products over openly sold food which in turn enhances the need of food packaging. India packaging industry is expected to be valued at over USD 70 billion by the year 2020. Several developments in packaging standards and smart packaging techniques have been designed to advance the food quality, thereby driving the industry growth.
Request for TOC report @ https://bit.ly/2SYD7hF
Asia Pacific led by India, Japan and China xylene market shall see significant growth during the foreseeable timeframe. Health conscious consumers are preffering packaged food products over openly sold food which in turn enhances the need of food packaging. India packaging industry is expected to be valued at over USD 70 billion by the year 2020. Several developments in packaging standards and smart packaging techniques have been designed to advance the food quality, thereby driving the industry growth.
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<strong>Xylene</strong> <strong>Market</strong> anticipated <strong>to</strong> <strong>witness</strong> healthy CAGR over 2019-<strong>2025</strong>:<br />
Global <strong>Market</strong> Insights, Inc.<br />
According <strong>to</strong> a new research report by the market research and strategy consulting<br />
firm, Global <strong>Market</strong> Insights, Inc, <strong>Xylene</strong> <strong>Market</strong> size should register significant <strong>growth</strong><br />
during the projected timeframe led by rising demand for polymers and petrochemicals<br />
owing <strong>to</strong> increasing application of polyester and polyethylene terephthalate (PET).<br />
Increasing product application in rubber and leather may also drive the xylene market<br />
demand.<br />
<strong>Xylene</strong> is an vital petrochemical which is colorless and flammable liquid. The<br />
compound has a central benzene ring with two methyl group attached as a substitute.<br />
It occurs naturally in petroleum products like coke, coal tar and gasoline. Industrially<br />
the product is synthesized by methylation of benzene and <strong>to</strong>luene, it is produced as a<br />
part of benzene and <strong>to</strong>luene (BTX) aromatics extracted from products of catalytic<br />
reformates.<br />
The product occurs in 3 isomeric forms, based on the position of two methyl groups<br />
attached <strong>to</strong> the benzene ring. P-xylene is used in the production of terephthalic acid<br />
and its derivative, dimethyl terephthalate.<br />
Rising demand for polyethylene terephthalate (PET) for mineral water and carbonated<br />
drinks bottles owing <strong>to</strong> <strong>growth</strong> in the food and beverage industry is likely <strong>to</strong> drive the<br />
overall xylene market <strong>growth</strong>. The global PET bottles market reached a volume at over<br />
15 million <strong>to</strong>nnes in 2018. The product is used as a raw material in the production of<br />
isophthalic acid, phthalic anhydride, terephthalic acid and it's derivative dimethyl<br />
terephthalate which in turn is used <strong>to</strong> produce PET bottles and polyester textiles<br />
thereby stimulating the product demand.<br />
Incresing market demand from solvent application may stimulate the overall industry<br />
<strong>growth</strong>. Global solvent market is likely <strong>to</strong> be valued at over USD 55 billion by the year<br />
2023. The product is used as a solvent in degreasing agent, adhesives and sealants.<br />
It is also used as a blending component with gasoline <strong>to</strong> increase its octane counts<br />
thereby boosting the xylene market demand.<br />
The product cause irritation in eyes, skin and systematic <strong>to</strong>xicity by inhalation or<br />
ingestion. OSHA has regulated the level of xylene in workplace air up <strong>to</strong> 100 ppm<br />
during an 8-hour workday and 40-hour week, which may act as a restraint <strong>to</strong> the<br />
industry <strong>growth</strong>.<br />
North America driven by Mexico, Canada and the U.S xylene market shall see<br />
significant <strong>growth</strong> during the projected time period. Rising demand from for protective<br />
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and decorative coatings <strong>to</strong> enhance and protect the interior and exterior surface of<br />
building structure may drive the regional market <strong>growth</strong>. U.S. paint and coating market<br />
size is expected <strong>to</strong> be valued at over USD 30 billion by 2019. DIY ideology has<br />
attracted various interior decora<strong>to</strong>rs and professionals <strong>to</strong> implement these coatings,<br />
thereby increasing demand for residential or commercial decorative coatings thereby<br />
stimulating the regional product demand.<br />
Europe xylene market, led by Germany, Italy, UK France shall <strong>witness</strong> substantial<br />
<strong>growth</strong> by the year <strong>2025</strong>. Rising demand for PET bottles for packaging and s<strong>to</strong>ring of<br />
food and beverages are the key fac<strong>to</strong>rs which may foster the regional market <strong>growth</strong>.<br />
PET bottles owing <strong>to</strong> their flexibility can be molded in<strong>to</strong> numerous shapes which further<br />
improves their appearance and utility. At over 3.5 million <strong>to</strong>ns of PET bottles were<br />
produced in the European market in 2017 which may drive the regional industry<br />
<strong>growth</strong>. Thereby driving the regional product demand.<br />
Asia Pacific led by India, Japan and China xylene market shall see significant <strong>growth</strong><br />
during the foreseeable timeframe. Health conscious consumers are preffering<br />
packaged food products over openly sold food which in turn enhances the need of<br />
food packaging. India packaging industry is expected <strong>to</strong> be valued at over USD 70<br />
billion by the year 2020. Several developments in packaging standards and smart<br />
packaging techniques have been designed <strong>to</strong> advance the food quality, thereby driving<br />
the industry <strong>growth</strong>.<br />
Global xylene market is fragmented. Companies like Flint Hills Resources, BASF, Dow<br />
Chemicals, LG Chem, conocophillips, Banner Chemicals Limited and Sinopec are the<br />
key market players.<br />
<strong>Xylene</strong> <strong>Market</strong>, By Source, 2014-<strong>2025</strong> (Tons) (USD Million)<br />
• Petroleum products<br />
• Methylation of Benzene and Toluene<br />
<strong>Xylene</strong> <strong>Market</strong>, By Form, 2014-<strong>2025</strong> (Tons) (USD Million)<br />
• P-xylene<br />
• M-xylene<br />
• O-xylene<br />
• Mixed xylene<br />
<strong>Xylene</strong> <strong>Market</strong>, By Application, 2014-<strong>2025</strong> (Tons) (USD Million)<br />
• Solvents<br />
• Polyethylene terephthalate (PET)<br />
• Others<br />
<strong>Xylene</strong> <strong>Market</strong>, By End Use, 2014-<strong>2025</strong> (Tons) (USD Million)<br />
• Polymer industry<br />
• Paint and coating<br />
• Adhesives and sealants<br />
• Others<br />
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The above information is provided for the following regions and countries:<br />
• North America<br />
• U.S.<br />
• Canada<br />
• Mexico<br />
• Europe<br />
• Germany<br />
• UK<br />
• France<br />
• Italy<br />
• Spain<br />
• Russia<br />
• Asia Pacific<br />
• Japan<br />
• China<br />
• India<br />
• South Korea<br />
• Malaysia<br />
• Australia<br />
• Latin America<br />
• Brazil<br />
• Argentina<br />
• Middle East & Africa<br />
• South Africa<br />
• Saudi Arabia<br />
• UAE<br />
Company Profiles:<br />
• Flint Hills Resources<br />
• BASF<br />
• Dow chemicals<br />
• LG Chem<br />
• Conocophillips<br />
• Banner Chemicals Limited<br />
• Sinopec<br />
About Global <strong>Market</strong> Insights<br />
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Global <strong>Market</strong> Insights, Inc., headquartered in Delaware, U.S., is a global market<br />
research and consulting service provider; offering syndicated and cus<strong>to</strong>m research<br />
reports along with <strong>growth</strong> consulting services. Our business intelligence and industry<br />
research reports offer clients with penetrative insights and actionable market data<br />
specially designed and presented <strong>to</strong> aid strategic decision making. These exhaustive<br />
reports are designed via a proprietary research methodology and are available for key<br />
industries such as chemicals, advanced materials, technology, renewable energy and<br />
biotechnology.<br />
Contact Us:<br />
Arun Hegde<br />
Corporate Sales, USA<br />
Global <strong>Market</strong> Insights, Inc.<br />
Phone: 1-302-846-7766<br />
Toll Free: 1-888-689-0688<br />
Email: sales@gminsights.com<br />
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