The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing demand for paraxylene across the globe are expected to drive innovation in xylene manufacturing, thus driving the market during the forecast period.

The global xylene market is expected to grow from $202.06 billion in 2022 to $210.66 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The global xylene market size is expected to grow from $246.43 billion in 2027 at a CAGR of 4.0%.

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Global Xylene Market Segments Include:

• By Type: Ortho-Xylene, Meta-Xylene, Para-Xylene, Mixed Xylene
• By Application: Automotive, Textile, Chemical, Oil and Gas, Leather, Paints and Coatings, Rubber
• By End User: Plastics and Polymers, Paints and Coatings, Adhesives, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global xylene market in 2021.

Major Market Players in the xylene market include Braskem S.A., ExxonMobil Corporation, Honeywell International Inc., BP PLC., Chevron Phillips Chemical, Merck KGaA, Mitsubishi Gas Chemical Company.

The manufacturers in the xylene market are focusing on increasing their production capacity. The major players in the xylene market are investing in expanding the capacities of their existing plants and setting up new plants. For instance, in February 2022, Origin Materials, a US-based chemicals company launched its second plant in Geismar, Louisiana to make polyethylene terephthalate precursor p-xylene. In addition, in 2022, Iran will start the construction of a new 300,000 b/d refinery Shahid Soleimani which is expected to produce propylene, ethylene and paraxylene along with gasoline, diesel, jet fuel, and fuel oil. The project will be completed in next 5 years.

The Xylene Global Market Report 2023  provides a xylene market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The xylene market forecast analyzes xylene market size, xylene market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Xylene is a chemical compound composed of isomers derived from refined petroleum or liquid hydrocarbons. Xylene can also occur naturally in petroleum and coal tar. It is a colorless, insoluble, flammable liquid with a sweet odor.

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