Mixed Xylene Market

Mixed Xylene Market: Increasing Demand for Mixed Xylene as a Key Raw Material for Polymer Manufacturing to Drive Growth: Global Industry Analysis 2013 - 2017 & Opportunity Assessment 2018 - 2028

2018-12-24
REP-GB-4965
228 pages

An Incisive, In-depth Analysis on the Mixed Xylene Market

This study offers a comprehensive, 360 degree analysis on the Mixed Xylene market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Mixed Xylene market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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The report covers comprehensive information on the market trends, value (US$ Mn) and volume (KT) competition projections, recent developments and dynamics in the global Mixed Xylene market for the period between 2018 and 2028.

The global Mixed Xylene market is projected to reach US$ 74.79 Bn over the forecast period, while growing at a CAGR of 7%, by value. Increasing demand for Paraxylene and rising consumption of mixed xylene as a solvent are some of the important factors expected push the demand for mixed xylene in the global market.

Growing Demand for Paraxylene for Manufacturing Polyethylene Terephthalate (PET) Will Act as a Booster

Paraxylene is consumed by the polyester chain, primarily for the production of polyethylene terephthalate (PET), films and fibres. The growing polyethylene terephthalate (PET) market is creating demand for paraxylene. In the Mixed Xylene market, the paraxylene segment is expected to hold the dominant share throughout the forecast period.

By the end of 2028, the isomer grade mixed xylene segment is anticipated to grow and become 1.98X of its size in 2018, by value. The segment will create absolute dollar opportunity created worth nearly US$ 31.09 Bn during the forecast period.

Increasing Demand for Mixed Xylene as a Solvent in Different End-Use Industries

Mixed Xylene is used as a solvent in many industries, such as paints & coatings, pesticides, printing, rubber & leather, etc. It can be used in place of toluene where slower drying process is desired. Mixed Xylene is a widely used solvent and is considered to be fit to be used as a solvent in paints, pesticides and other products due to its better adhesive properties.

The paints & coating market is continuously growing owing to increasing demand from automotive and construction industries. Additionally, growing demand for solvent grade mixed xylene from printing, rubber & leather industries will also give a push to the mixed xylene market over the forecast period.

The Solvent Grade Mixed Xylene segment is expected to grow at 6.5% CAGR, by value, during the forecast period. Growing demand for a better solvent material in different industries is projected to create new opportunities for mixed xylene to grow in the market.

Manufacturers Focussing on Increasing Their Production Capacity

In the mixed xylene market, prominent manufacturers are focusing on increasing their production capacity to increase their market share in the global mixed xylene market. For instance, capacity expansion and new plant start-ups, totaling at close to 2.4m tonne/year, were added to the Asia Pacific Mixed Xylene market during the last year. Tonen General started a new 230,000 tonne/year Mixed Xylene recovery unit in Ichihara. Similarly, CNOOC Huayue started an aromatics unit with the capacity of 93,600 tonne/year for the production of mixed xylene and a joint venture between Lotte Chemical Corp and Hyundai Oilbank led to the formation of a new 1m tonne/year isomer-grade xylene facility.

China to Remain a High Value – High Growth Region in the Mixed Xylene Market

Consumption and production of Mixed Xylene in China is projected to grow at a significant rate over the forecast period owing to increasing production of polyester products, such as polyethylene terephthalate (PET), films and fibres, in the country. China is also a major exporter of polyester products in the Asia Pacific region. These factors is expected to create a robust foundation for the growth of the China Mixed Xylene Market during the forecast period. China is expected to grow and become 2.3x by the end of 2028.

Furthermore, well-established production and distribution facilities in the region and growing aromatics hydrocarbons consumption will create a healthy platform for the growth of the Mixed Xylene market in the Asia Pacific region.

Mixed Xylene Market – Competition Landscape

The global Mixed Xylene market is moderately fragmented with top market participants holding single digit market share as of 2017. The top twelve players in the global Mixed Xylene market are expected to collectively hold between 20% and 25% market share.

In recent years, the Mixed Xylene market has witnessed significant market developments from the competition perspective. Collaborations, acquisitions and expansion of the production capacity are some of the primary strategies adopted by key players to expand and sustain in the global Mixed Xylene market.

In June, 2017, Tonen General began commercial sales of the isomer grade mixed xylene at its new 230,000 tonne/year recovery unit in Ichihara
In July, 2017, Showa Shell started a toluene disproportionate (TDP) unit with a capacity of 200,000 tonnes/year for an isomer-grade xylene template

Some of the key manufacturers covered under this study on the global Mixed Xylene market are Exxon Mobil Corporation, TOTAL S.A., GS Caltex Corporation, Idemitsu Kosan Co., Ltd., LOTTE Chemical CORPORATION, Royal Dutch Shell plc, Chevron Phillips Chemical Company LLC, China National Petroleum Corporation, China Petroleum & Chemical Corporation, Flint Hills Resources, LLC, YPF Sociedad Anónima and SK global chemical Co., Ltd.

Key Questions Answered in the Global Mixed Xylene Report

How has the Mixed Xylene market evolved over the past four years?
What are some of the prevailing market dynamics in the Mixed Xylene market?
What shape is the Mixed Xylene market expected to take in terms of volume and value during the study period?
What are the competition developments and trends in the Mixed Xylene market?
What are the important key challenges, opportunities and improvement factors for Mixed Xylene market players?
What are some of the underlying macro-economic and industry factors impacting the growth of the Mixed Xylene market?
What are the important market positioning and key strategies of key Mixed Xylene manufacturers as per the market taxonomy?
How is the competition structured at present and how has it evolved in the Mixed Xylene market over the past few years?

Mixed Xylene Market: Report Description

This FMI study on the Mixed Xylene market offers a ten-year forecast for the global Mixed Xylene market from 2018 to 2028. This study of the Mixed Xylene market considers 2017 as the base year with market values estimated for 2018 and a forecast developed for the duration of 2018 to 2028. The Compound Average Growth Rate (CAGR) in the Mixed Xylene market study has been represented from 2018 to 2028.

This Mixed Xylene market study covers various perspectives of the market, including market dynamics, competition analysis, value chain and pricing chain analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with segment-level projections in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global Mixed Xylene market is projected to grow at a CAGR of 7.0% between 2018 and 2028, in terms of value. Growing petrochemical industry and high demand for aromatic hydrocarbons are some of the factors positively impacting the uptake of Mixed Xylene in the global market.

Mixed Xylene is a colourless, flammable aromatic hydrocarbon liquid with a sweet odour. It is a mixture of different isomers of xylene such as meta-xylene, para-xylene, ortho-xylene and ethylbenzene. The distribution of isomers in xylene varies. Commercial xylenes from petroleum sources contain approximately 40 – 50% m-xylene, 20% o-xylene, 20% p-xylene, and 5 – 15% ethylbenzene. Around 98% of Para-Xylene is consumed by the polyester chain for the production of film, fibre and polyethylene terephthalate (PET), through one of two intermediates, i.e. dimethyl terephthalate (DMT) or purified terephthalic acid (PTA). Meta-Xylene is used in the production of isophthalic acid while Ortho-Xylene is used in the production of phthalic anhydride. Mixed Xylene is also used as a solvent in different end-use industries.

The FMI report on the Mixed Xylene market carefully analyses the market at a regional and global level through market segmentation on the basis of key parameters such as grade, application, end use and region. This Mixed Xylene market report is structured to facilitate the reader to develop a detailed understanding of the market. The Mixed Xylene market report begins with the definition of the market, followed by the market background, market dynamics and analysis of the market by key segments, regional analysis of the market and competition landscape. Each section of the Mixed Xylene market report includes a quantitative and qualitative assessment of the market on the basis of historical developments, facts and key opinions collected from various industry participants through dedicated interviews and trends in the market.

Mixed Xylene Market: Segmentation

Grade	Application	End Use	Region
Isomer Grade Solvent Grade	Fuel Blending Solvents Thinners Raw Material	Paints & Coatings Pesticides Chemicals Gasoline Printing, Rubber & Leather	North America Latin America Eastern Europe Western Europe Middle East & Africa Asia Pacific excl. Japan & China China Japan

The Mixed Xylene market report begins with an introduction of the market, which includes the market taxonomy and product definition with respect to the global Mixed Xylene market assessment. In the following section, the Mixed Xylene market report describes the market development background, covering industry factors and macro-economic factors affecting the Mixed Xylene market for the base year considered for the study.

The next section of the Mixed Xylene market report discusses the dynamics of the market such as drivers (demand and supply side), restraints, opportunities and trends impacting the market growth at a global level. Market potential for manufacturers has been presented in the following section of the same chapter. This section also includes an assessment of the impact of market dynamics on the global Mixed Xylene market.

Subsequent sections of the report provide value (US$ Mn) and volume (Consumption in KT) projections for the Mixed Xylene market on the basis of the above-mentioned segments at a global level. The values for the global market represented in these sections have been agglomerated by collecting data and information at the regional level.

All the above sections evaluate the present Mixed Xylene market scenario and growth prospects in the global Mixed Xylene market while the forecast presented in the sections assesses the market size in terms of volume and value.

Additionally, it is imperative to note that, in an inconsistent global economy, we not only conduct forecasts in terms of CAGR, but furthermore analyse the market on the basis of crucial parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the Mixed Xylene market and identify the accurate opportunities available.

In order to understand the key market segments in terms of growth and installation of Mixed Xylene across concerned regions, FMI has developed an attractiveness index, which will help providers identify real market opportunities.

Another significant feature of the Mixed Xylene market report is the analysis of all the key segments in the Mixed Xylene market, sub-segments and the regional adoption and revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales and delivery perspective in the Mixed Xylene market.

In the concluding section of the Mixed Xylene market report, a competitive landscape of the Mixed Xylene market has been included to provide report audiences with a dashboard view, categorised on the basis of providers present in the value chain, their presence in the Mixed Xylene market and key differentiating factors and strategies. The primary category of providers covered in the report includes Mixed Xylene manufacturers. This section in the Mixed Xylene market report is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the Mixed Xylene market. Examples of some of the key competitors covered in this report include Exxon Mobil Corporation, TOTAL S.A., GS Caltex Corporation, Idemitsu Kosan Co., Ltd., LOTTE Chemical CORPORATION, Royal Dutch Shell plc, China National Petroleum Corporation, Chevron Phillips Chemical Company LLC, China Petroleum & Chemical Corporation, Flint Hills Resources, LLC, YPF Sociedad Anónima, and SK global chemical Co., Ltd.