Mixed Xylene Market | Global Industry Size, Share, Analysis Report, 2035 | ChemAnalyst


Posted December 12, 2022 by chemanalystreports

The Mixed Xylene market to reach approximately 95 million tonnes in 2035, at an expected CAGR of 6.18% during the forecast period by 2035.

 
According to ChemAnalyst report, “Global Mixed Xylene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, The Mixed Xylene market is anticipated to experience a significant rise and reach approximately 95 million tonnes in 2035, at an expected CAGR of 6.18% during the forecast period by 2035. The rising demand for Mixed Xylene in Isomers, Gasoline blending, Solvents, and Other end-use industries is anticipated to result in an expansion of the Mixed Xylene market in the forecast period.
The Mixed Xylene is an equilibrium mixture of four Isomers that contains the identical chemical formula C8H10 in the order of meta-xylene, ortho-xylene, para-xylene, and ethylbenzene. These isomers are usually produced together by pyrolysis and catalytic reforming methods. Mixed Xylenes are flammable, colorless and slightly greasy in nature. They are produced by various methods however petroleum is one of the major sources. Among these isomers, para-Xylene is the most widely used for the production of Polyethylene Terephthalate (PET) , Purified Terephthalic Acid (PTA), solid state resins, PET films and others. Mixed Xylenes are considered as an important Aromatic product as they can be a perfect replacement of toluene where falling drying rate is required. As Mixed Xylene contains high octane number and low vapor pressure, it is suitable for blending with gasoline and work as a solvent for paints and pesticides.

Read Full Report Here: https://www.chemanalyst.com/industry-report/mixed-xylene-market-59

Mixed Xylenes have numerous agricultural and Industrial applications as they are extensively used in the manufacturing of adhesives, paints & coatings, leather, agricultural sprays (like pesticides), surface coatings, gasoline blends and others. A large portion of global Mixed Xylene is consumed by paint and coating industries. Mixed Xylene is used in bulk amount to produce leather chemicals like allied and topcoat. In leather chemical industry, the maximum amount of Mixed Xylene is used in Topcoat division as compared to other divisions because it provides excellent fastness and better shelf life to the product by decreasing the rate of drying. They are considered as a preferable solvent in pesticides due to their more uniform drying and high spraying efficiency. The pesticide industry is likely to bolster the Mixed Xylene market due to its high demand in Asia Pacific.

The primary market driver of Mixed Xylene is its usage as a key feedstock chemical used for the isolation of isomers. Additionally, the petroleum industry places a strong demand for mixed xylene for use in gasoline blends. Increasing demand of paraxylene to produce PET bottles by Resistance Temperature Detector (RTD) beverage manufacturers is expected to boost the demand of Polyester resins which will further augment the Mixed Xylene market worldwide in the upcoming years. Moreover, surging demand of Mixed Xylene as a solvent in various manufacturing industries is propelling the overall demand of Mixed Xylene in the international market.

The global Mixed Xylene market is segmented on end-use, sales channel, and region. Region wise, APAC region holds the largest share of Mixed Xylene market worldwide due to an increase in the demand of solvent and polyesters which is anticipated to boost the demand of Mixed Xylene in the forthcoming years. China serves as a leading manufacturer of Mixed Xylene, followed by US. The top producers & exporters of Mixed Xylene in the APAC region are China, Japan, and South Korea

Based on end-use, the global Mixed Xylene market is segregated into Isomers, Gasoline blending, Solvents, and Other end-use industries. Mixed Xylene is primarily consumed in the Isomers industry. 85% of global use of mixed xylene in 2021 was be accounted for by the Isomers sector. Gasoline blending and Solvents are lay considerable demand of Mixed Xylene.

“Global Mixed Xylene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, the significant players functional in the Mixed Xylene market are China Petroleum & Chemical Corporation (Sinopec), Reliance Industries Limited, Exxon Mobil Corp., SK Global Chemical, Hanwha TotalEnergies Petrochemical, China National Petroleum Corporation, China's Fuhaichuang Petroleum and Petrochemical, Sumitomo Chemical Co.,Ltd & Saudi Aramco, Hengli Petrochemical refinery, Zhejiang Petroleum & Chemical Co Ltd, Hyundai Cosmo Petrochemical (JV of Hundai Oilbank & Cosmo Oil.), and Ningbo Zhongjin PetroChemical Co, Ltd.


“Being linked to the downstream applications in industries like leather, adhesives, paint and coatings and others, the global Mixed Xylene Industry has shown an impressive growth along with increasing macro-economic factors and changing in the consumer preference. Due to the high-octane number and low vapor pressure of Mixed Xylene it finds its application in gasoline blending, which is anticipated to swell the demand of Mixed Xylene in the forecast period by 2035. Meanwhile, China, which has substantial installed capacity and cutting-edge technology, acts as the fastest growing zone in terms of Mixed Xylene production” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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Last Updated December 12, 2022