Global Mixed Xylene Industry: Share, COVID-19 Overview, Application, Growth and Forecast 2023
Mixed Xylene Market Overview
Mixed Xylene is flammable, colorless liquid with sweet odor,
aromatic hydrocarbon. Mixed xylene is generally a mixture of isomers of xylene
with ethyl benzene.
Based on application, the global mixed xylene market is segmented
into fuel blending, solvents, thinners, raw material. Solvent segment accounted
for largest market share in the global market. Wide applications of solvent
grade mixed xylene in paints & coatings, adhesives & sealants industry
is expected to dominate the segment during the forecast period. Moreover,
properties of mixed xylene such as miscible with ether, alcohol, and many other
organic solvents are expected to increase its demand. Mixed xylene as a raw
material accounted for significant annual growth rate during the forecast
period. The factors that boosts the demand of the mixed xylene as a raw
material is its growing use for manufacturing of agriculture pesticides and
other chemicals.
On the basis of end use, the global mixed xylene market
growth has been categorized into paints & coatings, adhesives &
sealants, pesticides, chemicals, gasoline, printing, rubber & leather and
others. The paints & coatings segment held the major market share in 2017,
which mainly attributed to the surging demand of pains and coatings in
architectural (residential, commercial) and industrial activities (automotive,
aerospace, marine, general industrial) across the globe.
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Mixed Xylene Market Segmentation
The global COVID-19 analysis on mixed
xylene market has been segmented on the
basis application, end use and region.
Based on application, the global mixed xylene
market has been segregated into fuel blending, solvents, thinners, raw
material.
On the basis of end use, the market has been divided into paints
& coatings, adhesives & sealants, pesticides, chemicals, gasoline,
printing, rubber & leather and others.
The global mixed xylene industry has been studied with respect to five regions—Asia-Pacific,
North America, Europe, Latin America, and the Middle East & Africa.
Mixed Xylene Regional Analysis
The global mixed xylene market share has been studied
with respect to five regions—Asia-Pacific, North America, Europe, Latin
America, and the Middle East & Africa. The market in Asia-Pacific is
anticipated to grow at a highest CAGR owing to the increasing demand of mixed
xylene in the adhesives & sealants and paints & coatings applications.
North America is expected to witness significant growth during the forest
period. This is mainly due to the growing demand for the product as a solvent
in coatings in various industrial application such as aerospace, automotive,
consumer goods, general industrial.
Competitive Analysis
Leading players in the global mixed xylene market are Flint Hills
Resources, LLC, GS Caltex Corporation, Exxon Mobil Corporation, Chevron
Phillips Chemical Company LLC, TOTAL S.A., LOTTE Chemical Corporation, Idemitsu
Kosan Co., Ltd., Royal Dutch Shell plc, China Petroleum & Chemical
Corporation, China National Petroleum Corporation, SK global chemical Co.,
Ltd., and YPF Sociedad Anónima.
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