Global Xylene Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Xylene Market Report by The Business Research Company covers xylene market drivers and restraints, xylene market size, major players, and the impact of COVID-19 on the xylene market.
The xylene market consists of the sales of xylene and related services used in printing, rubber and leather industries. Xylene is a chemical compound having isomers made from refined petroleum or liquid hydrocarbons. Xylene can also occur naturally in petroleum and coal tar. It is a colourless, insoluble, flammable liquid with a sweet odor. Xylene is used as a cleaning agent, paint thinner and remover, varnish, airplane fuel, gasoline, rust preventatives, pesticides, lacquers.
The increasing demand for paraxylene across the globe contributes to the growth of the xylene market. Paraxylene is one of the isomers of xylene and is essential in the production of polyethylene terephthalate (PET).
The global xylene market is expected to grow from $30.39 billion in 2020 to $34.43 billion in 2021 at a compound annual growth rate (CAGR) of 13.3%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $31.46 billion in 2025 at a CAGR of -2%.
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Some xylene market trends include manufacturers focusing on increasing their production capacity. The major players in the xylene market are investing in expanding their capacities of the existing plants and setting up new plants.
Global xylene market segments include:
1) By Type: Ortho-Xylene, Meta-Xylene, Para-Xylene, Mixed Xylene.
2) By End-use: Plastics And Polymers, Paints And Coatings, Adhesives, Others.
3) By Application: Automotive, Textile, Chemical, Oil And Gas, Leather, Paints And Coatings, Rubber.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Xylene Global Market Report 2021: COVID 19 Impact and Recovery to 2030 At:
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The Xylene Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides xylene market overviews, analyzes and forecasts market size, share, xylene market players, xylene market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The xylene market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Xylene Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Braskem S.A., ExxonMobil Corporation, Honeywell International Inc., BP PLC, Chevron Phillips Chemical, Merck KGaA, Mitsubishi Gas Chemical Company, US Petrochemical Industries Inc., Braskem, JX Nippon Oil and Energy Corporation, Royal Dutch Shell Plc, Royal Dutch Shell PLC, Reliance Industries Ltd., Koch Industries Inc., Reliance Industries Limited, Samsung Total Petrochemicals, Saudi Arabian Oil Co., SK global chemical Co. Ltd., Fujian Refining & Petrochemical, LG Chem, The Dow Chemical Company, Formosa Plastics Corporation , BASF SE, Huntsman Corporation, TORAY INDUSTRIES, INC.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Xylene Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Xylene Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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