Latest Report Titled On:- Global Meta Xylene Market – Segmented by Type, Application, and Geography – Growth, Trends and Forecast (2018 – 2023)
Global “Meta Xylene Market” report provides a detailed analysis of the market from 2018 to 2023. Meta Xylene market report focuses on market capacity, share, current market trends and upcoming future predictions. Global Meta Xylene Market is expected to register a CAGR of approximately XX% during the forecast period of (2018 – 2023).
360 MARKET UPDATES Report provides a 360-degree overview of the global Meta Xylene Market with special emphasis on all aspects including CAGR Status, drivers, restraints, and opportunities, market and regional segmentation.
Meta Xylene Market Report Covers Leading Manufacturers: Compañía Española De Petróleos, S.A.U. (Cepsa), Eastman Chemical Company, Formosa Chemicals & Fibre Corporation , Kp Chemical Corp./ Lotte Chemical, Mitsubishi Gas Chemical Company, Perstorp Holding AB, Samsung Total Petrochemicals, Total Petrochemicals, Versalis S.P.A., JX Nippon Oil & Energy Corporation, ConocoPhillips Company, Phillips 66 Company, Royal Dutch Shell, Chevron Corporation
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The global meta-xylene market is expected to grow at a significant rate during the forecast period, majorly driven by the increasing demand from paint & coatings application. A major part of meta-xylene is isomerized to para and ortho-xylene, due to the higher value of the latter. It is also used as a raw material in the production of 2, 4- and 2, 6-xylidine, as well as a range of smaller-volume chemicals. Additionally, meta-xylene is also used as a solvent in paints & coatings.
Rapid Infrastructure Development in Asia-Pacific and Middle-East & Africa
The investments in transportation sector in China has increased in the near past. Chinas transport ministry and National Development and Reform Commission (NDRC) planned to invest USD 724 billion between 2016-2018 for constructing 303 key transportation projects, which include railways, highways, waterways, airports, and urban rail. The investment plan would enhance the countrys connectivity between the major cities, which helps for the wider economic and social development of the region. Saudi Arabia is focusing on establishing itself as the new automotive hub in the Middle East. Transport projects, coupled with the rapid expansion of tourism, education, and real estate builds, are expected to see the industry to continue to dominate economic diversification efforts in the fulfilment of Qatar National Vision 2030. This high growth in infrastructure, automotive and industrial activities would likely boost the demand for paints & coatings across the globe and is anticipated to contribute to the demand for meta-xylene.
Isophthallic Acid to Dominate the Market
A majority of meta-xylene (MX) produced, at the global level, is used during the manufacture of isophthalic acid (IA) that is used to alter the properties of polyethylene terephthalate (PET), making PET more suitable for the manufacture of soft drinks bottles. The growing demand for pure isophthalic acid, (PIA) and is usage in polymer and plastic industries is expected to drive the production of m-Xylene.
Asia-Pacific to dominate the Meta-Xylene Market
The Asian market, with its growing demand for polyesters and the corresponding growth in the polyester industry, is solidifying its position as the center for the meta-xylenes market. There is a considerable intraregional trade within Asia, as Japan and South Korea are the major exporters, and China is a major importer despite substantial added capacity in the country. China is the leading consumer of meta-xylene and will continue to be the largest consumer due to high demand from plastics and paint & coatings industry.
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Reasons to Purchase Meta Xylene Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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