Xylene Market 2019 Size, Growth, Trends, Share, Opportunities, Scope, Demand, Sales Revenue, Competitive Landscape, Industry Report and Global Forecast by 2023

Global Xylene Market Research Report: By Type (O-Xylene, M-Xylene, P-Xylene), Application (Automotive, Textile, Chemical, Oil & Gas, Leather, Paints & Coatings, Rubber) – Forecast Till 2023

Xylene Market Overview:
The global xylene market is expected to exhibit steady growth over the forecast period, driven by the steady demand from end-use industries such as automotive, textile, paints and coatings, and chemicals, according to the latest research report from Market Research Future (MRFR).

Xylene is used in a wide variety of applications, as it offers versatile nature, abrasion resistance, and provides high performance to the product. Thus, they are used in various applications such as automotive, textile, chemical, oil & gas, leather, paints & coatings, rubber, and others. The global xylene market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the global market and is projected to continue leading owing to the increasing consumption of xylene in applications such as automotive, textile, chemical, oil & gas, leather, paints & coatings, and others.

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Xylene Market Key Players:
Leading players in the global xylene market include;
• LG Chem,
• The Dow Chemical Company,
• ExxonMobil Corporation,
• Formosa Plastics Corporation,
• Toray Industries Inc.,
• Chevron Philips Chemical Company,
• Huntsman Corporation,
• BASF SE,
• China National Petroleum Corporation,
• Eastman Chemical Company.,

Xylene Market Segmental Analysis:
The global xylene market is segmented on the basis of type, application, and region.

By type, the global xylene market is segmented into O-xylene, M-xylene, and P-xylene.

By application, the global xylene market is segmented into automotive, textiles, chemical, oil and gas, leather, paints and coatings, rubber, and others. The automotive industry is likely to remain the major end user in the global xylene market over the forecast period.

Xylene Market Regional Analysis:
Asia Pacific is likely to hold the largest share in the global xylene market over the forecast period due to the growing demand for xylene in the paints and coatings industry, including automotive paints and coatings, as well as the chemicals industry and textile industry. The automotive industry is likely to remain the major end user of xylene in the global market due to the growing demand for xylene in the paints, sealants, and coatings used on automotive components such as gearboxes, engines, and others. The growing automotive industry in Asia Pacific is likely to remain the major driver for the xylene market in the region over the forecast period. The automotive industry in Asia Pacific has grown by leaps and bounds over the last few decades thanks to the liberalization of the economy in India and China, among others, and the growing automotive production in China, Japan, and South Korea. The growing number of automobiles produced in these countries is likely to remain a major driver for the xylene market in the region over the forecast period.

North America is also a major market for xylene and is likely to retain a dominant share in the global market over the forecast period due to the growing demand for xylene from the automotive and paints and coatings industries. The growing demand for renovation of construction and infrastructure projects in North America has led to a growing demand from the paints and coatings industry, leading to a growing demand from the xylene market. The growing infrastructure expansion projects in the U.S., Canada, and Mexico are likely to be a major driver for the paints and coatings industry in the region over the forecast period, thus driving the demand from the xylene market. The growing automotive industry is also likely to be a major driver for the xylene market in North America over the forecast period, as the awareness regarding the use of environmentally viable coatings and sealing products in automotive applications has driven the demand from the xylene market. Growing automotive production from major automotive giants such as GM, Ford, Mercedes, and BMW are likely to be a major driver for the xylene market in North America over the forecast period.

Xylene Market Table of Content to be Continue…...,

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