The Xylene Market is Predict to reach $52.3 Billion by 2030, at a CAGR of 8.1%

Xylene Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Xylene Market size is expected to reach $52.3 billion by 2030, rising at a market growth of 8.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 24,288.0 Kilo Tonnes, experiencing a growth of 6.3% (2019-2022).

The Mixed Xylene segment is leading the Global Xylene Market, by Type in 2022 thereby, achieving a market value of $31.8 Billion by 2030. The mixed-xylene segment has benefited from the growth of the textile and packaging industries, where polyester fibers and resins are widely used. These applications rely on para-xylene, which is derived from mixed xylene, and this demand has driven the growth of mixed-xylene production. The petrochemical industry is a major consumer of mixed xylene for the production of various chemicals and intermediates. The continued growth of the petrochemical sector, especially in emerging economies, has contributed to increased demand for mixed xylene. Owing to these factors, the segment will grow rapidly in the future.

The Monomers segment is showcasing a CAGR of 8.6% during (2023 - 2030). Xylene-derived monomers are essential in producing various plastics, including polyesters, polycarbonates, and epoxy resins. The increasing usage of plastics in various applications, including construction materials, automobile parts, and electronic components, is driving up demand for monomers generated from xylene. The chemical industry continually seeks innovative monomers to produce advanced materials with improved properties. Xylene-derived monomers offer versatility and compatibility with various chemical processes, making them valuable choices for developing new materials and chemical products.

The Asia Pacific region dominated the Global Xylene Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $24.8 Billion by 2030. The Europe market is anticipated to grow at a CAGR of 7.3% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 7.8% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/xylene-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Reliance Industries Limited, INEOS Group Holdings S.A., Mitsubishi Chemical Holdings Corporation, Sinochem Holdings Corporation Ltd (SASAC), Eastman Chemical Company, Honeywell International, Inc., Saudi Arabian Oil Company, Shell plc, Exxon Mobil Corporation, and Chevron Phillips Chemical Company LLC.

Global Xylene Market Segmentation

By Additives (Volume, Kilo Tonnes, USD Million, 2019-2030)

• Solvents
• Monomers
• Others

By Type (Volume, Kilo Tonnes, USD Million, 2019-2030)

• Mixed Xylene
• Ortho-Xylene
• Meta-Xylene
• Para-Xylene

By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Reliance Industries Limited
• INEOS Group Holdings S.A.
• Mitsubishi Chemical Holdings Corporation
• Sinochem Holdings Corporation Ltd (SASAC)
• Eastman Chemical Company
• Honeywell International, Inc.
• Saudi Arabian Oil Company
• Shell plc
• Exxon Mobil Corporation
• Chevron Phillips Chemical Company LLC

Related Reports:

North America Xylene Market Size, Share & Trend to 2023-2030

• October-2023
• 119 Pages

LAMEA Xylene Market Size & Industry Trends Report to 2030

• October-2023
• 130 Pages

Europe Xylene Market Size, Forecast & Growth to 2023-2030

• October-2023
• 130 Pages

Asia Pacific Xylene Market Size, Share & Forecast by 2030

• October-2023
• 133 Pages