Meta-Xylene Market is predicted to reach USD 1800 million at a CAGR of 4.5% during the forecast period

Pune, India, July 2022, MRFR Press Release/Market Research Future has published a Half- Cooked Research Report on the Global Meta-Xylene Market.

Market Synopsis

The global meta-xylene market was valued at USD 1,236 million in 2021 and is projected to reach USD  1,800 million in 2030 at a CAGR of 4.5%.

Xylene is a colorless, volatile, insoluble, flammable liquid obtained synthetically and naturally from petroleum and coal tar. It has a sweet odor. It is an aromatic hydrocarbon with two methyl substituents attached at the meta positions of the benzene ring. Meta-xylene has water and stain resistance, outstanding hardness, weathering, corrosion resistance, etc.

Competitive Landscape

The meta-xylene market competitive landscape provides details by competitors in the market. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, SWOT analysis,. The above data points provided are only related to the companies’ focus related to meta-xylene market. This activity is witness to the expansion of business and customer-based market players. On the other hand, strict government policies, and hazardous waste production at the time of meta-xylene, are negative impacts of the the market. Meta-Xylenes are used as a solvent in the printing, rubber, and leather industries. Meta-xylenes market industry faced adverse effects due to strict government rules for pandemics.

Some key market players are Avantor, Compania Espanola De Petroleos, Chevron Phillips Chemical Company, Exxonmobil Honeywell International Inc., Lotte Chemical, Merck KGaA, Mitsubishi gas chemical company inc., Parchem fine & specialty chemicals, Shell Chemicals LTD, TCI Chemicals (India) Pvt. Ltd.

Segmentation

By Application

• Isophthalic Acid: The primary use of meta-xylene is in the production of isophthalic acid, which is used as a copolymerizing monomer to alter the properties of polyethylene terephthalate.


• 2,4- and 2,6-xylidine: It is used as solvents in many manufacturing industries,


• Solvents: Meta-Xylenes are used as a solvent in the printing, rubber, and leather industries. It is a common component of ink, rubber, and adhesives. In thinning paints and varnishes, it can be substituted for toluene where slower drying is desired


• Other: Meta-xylene is also used in chemical intermediates, and high-motor and aviation gasoline blending agents, breathing devices (inhalers). Xylene is used in the production of terephthalic acid monomer.

By End Use

• Construction: Meta-xylene is used as a sealer/carrier solvent. In solvent-based acrylic sealers, the carrier can be xylene. By applying a coat of xylene, one breaks down or re-melts the coat of sealer that is already on the surface.


• Packaging: The primary use of meta-xylene is in the production of isophthalic acid and plastic used in various packaging industries such as food and beverages and the production of plastic bottles.


• Automotive: The meta-xylene is a raw material for high-purity isophthalic acid (PIA) that produces paints and adhesives. Polycarbonate is high impact and thermal-resistant plastic used in automotive lamps, electric sockets, and medical syringes.


• Others: Meta-Xylene is used as a solvent in printing, rubber, and leather industries. It is a common component of ink, rubber, and adhesives. In thinning, paints and varnishes, it can be substituted for toluene where slower drying is desired and thus is used by conservators of art objects in solubility testing. Meta-xylene is also used as an ingredient in aviation fuel.

By Region

• North America: North America is also expected to be a potential market in the future due to the increased knowledge regarding the use of Meta-xylene in building houses. With the growing construction industry in the country, there is an increase in the number of new homes. In addition, growth is also being witnessed in housing repair and refurbishment activities.


• Europe: Meta-xylene market is spread in the regions of France, Germany, the UK, Russia, and Italy in Europe. Growth strategies include product launches, product approvals, patents, and events. Such activities are boosting the market in this region. Germany witnessed largest market for adhesive and sealants in the region as where the market is driven by the end-user industries, such as automotive, construction, electronics and packaging.


• Asia-Pacific: Asia-Pacific holds the largest market share, with the highest demand coming from India, China, and Japan. Asia-Pacific leads the meta-xylene market because of the large-scale production of polyethylene terephthalate (PET) plastic and the rapid rise in the production capacity of m-xylene by key players.


• Latin America: Key countries involved in displaying stupendous growth projections in Latin America includes Brazil and Mexico.


• Middle East & Africa: the growth in this region mainly attributed to the growing construction industry coupled with rising spending capacity.