Dublin, July 11, 2024 (GLOBE NEWSWIRE) -- The "Xylene - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Xylene is estimated at 67.3 Million Metric Tons in 2023 and is projected to reach 89.9 Million Metric Tons by 2030, growing at a CAGR of 4.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the xylene market is driven by several factors. The increasing demand for PET in packaging, textiles, and beverage bottles has significantly boosted the need for para-xylene, the primary raw material for PET production. The robust expansion of the automotive and construction industries has fueled the demand for paints, coatings, and adhesives, wherein xylene serves as a critical solvent.
Technological advancements in production processes and the development of efficient separation techniques have enhanced the availability and quality of xylene, supporting its widespread industrial application. Additionally, the rising focus on sustainability and the integration of renewable feedstocks in xylene production have driven the market towards more eco-friendly practices.
The growing industrial activities in emerging economies, coupled with the continuous investment in infrastructure development, have further propelled the demand for xylene. These factors, combined with ongoing research and development efforts, ensure the sustained growth and diversification of the xylene market, making it a vital component in various industrial applications.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Paraxylene segment, which is expected to reach 70.7 Million Metric Tons by 2030 with a CAGR of a 4.0%. The Orthoxylene segment is also set to grow at 4.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at 18.2 Million Metric Tons in 2023, and China, forecasted to grow at an impressive 7.1% CAGR to reach 18.9 Million Metric Tons by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Braskem SA, Exxon Mobil Corporation, Formosa Chemicals & Fibre Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 142 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value in 2023 | 67.3 Million Metric Tons |
| Forecasted Market Value by 2030 | 89.9 Million Metric Tons |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- Xylene - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increasing Demand for PET in Packaging and Textiles Drives Para-Xylene Market Growth
- Technological Advancements in Catalytic Reforming Enhance Xylene Production Efficiency
- Innovations in Separation Techniques Propel Quality and Availability of Xylene
- Expansion of Automotive and Construction Industries Spurs Demand for Xylene as a Solvent
- Regulatory Focus on Environmental Sustainability Strengthens Business Case for Eco-Friendly Practices
- Development of Advanced Catalysts Drives Adoption in Xylene Production Processes
- Impact of Environmental Regulations on Xylene Manufacturing and Usage
- Increasing Application of Xylene in Paints, Coatings, and Adhesives Propels Market Demand
- Focus on High-Purity Xylene Production Throws the Spotlight on Quality Control
- Influence of Infrastructure Development on Xylene Demand in Construction Sector
- Technological Innovation Shape the Future of Xylene Applications
- Growth in Beverage and Consumer Goods Industries Drives Demand for PET and Para-Xylene
- Advances in Xylene Utilization for High-Performance Materials and Specialty Chemicals
FOCUS ON SELECT PLAYERS
- Braskem SA
- Exxon Mobil Corporation
- Formosa Chemicals & Fibre Corporation
- Reliance Industries Ltd.
- Royal Dutch Shell PLC
- US Petrochemical Industries, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/30qidr
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