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 in to 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.
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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.
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.
On the basis of end use, the global mixed xylene market 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.
Market Segmentation
The global 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 market has been studied with respect
to five regions—Asia-Pacific, North America, Europe, Latin America, and the
Middle East & Africa.
Regional Analysis
The global mixed xylene market 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.
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