Xylene Global Market Sees Growth Rate Of 6% Through 2022

14 Oct, 2022

The global xylene market size is expected to grow from $178.45 billion in 2021 to $189.34 billion in 2022 at a compound annual growth rate (CAGR) of 6.10%. The global xylene market size is expected to grow to $237.54 billion in 2026 at a CAGR of 5.80%.

What is the Global Xylene Market?

The xylene market consists of the sales of xylene and related services used in the printing, rubber, and leather industries. Xylene is a chemical compound having isomers made 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. Xylene is used as a cleaning agent, paint thinner and remover, varnish, airplane fuel, gasoline, rust preventatives, pesticides, lacquers.

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What drives the Global Xylene Market?

The increasing demand for paraxylene across the globe contributes to the growth of the xylene market. Paraxylene is one of the isomers of xylene and is essential in the production of polyethylene terephthalate (PET). PET is used in industries such as beverage packaging, consumer goods, sheets & films, food packaging, automotive, and construction. The increase in the need for packaging material has increased the demand for PET and hence contributes to the growth of the paraxylene market.

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Global Xylene Market Segments
The global xylene market is segmented:
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 regions covered in the xylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global xylene market.

Xylene Global Market Report 2022provides market size and growth forecasts for the global xylene market, global xylene market share, xylene market segments and geographies, xylene market competitive landscape including leading competitors’ revenues, profiles and market shares. The xylene market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Xylene Industry Playersin the xylene market are Braskem S.A, ExxonMobil Corporation, Honeywell International Inc, BP PLC, Chevron Phillips Chemical, Merck KGaA, Mitsubishi Gas Chemical Company. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.