What are the recent trends in market size and growth for the xylene market?
The xylene market size has grown strongly in recent years. It will grow from $225.93 billion in 2024 to $241.48 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to the paints and coatings industry, adhesive and sealant applications, expanding printing industry, polymer production, and textile industry demand.
The xylene market size is expected to see strong growth in the next few years. It will grow to $311.11 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to green and sustainable alternatives, bio-based solvents, increased infrastructure projects, electronic industry expansion, and stricter regulations. Major trends in the forecast period include technological advancements in formulations, the shift towards bio-based xylene production, increased demand from end-use industries, a focus on recycling and circular economy, and technological innovations in xylene production.
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Which industry factors have accelerated the xylene market’s expansion?
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 materials has increased the demand for PET and hence contributed to the growth of the paraxylene market. To meet the increasing demand for paraxylene, new production plants have been set up. For instance, according to Jinlianchuang, a China-based provider of comprehensive digital and intelligent services for bulk commodities, in 2022, China is expected to have 6 sets of paraxylene units in operation with a production capacity of 11.89 million tons/year with a 41.3% increase. The increase in production capacity will support the increasing demand for paraxylene. The growing demand for paraxylene thereby drives the xylene market.
What are the primary segments of the xylene market?
The xylene market covered in this report is segmented –
1) By Type: Ortho-Xylene, Meta-Xylene, Para-Xylene, Mixed Xylene
2) By Application: Automotive, Textile, Chemical, Oil And Gas, Leather, Paints And Coatings, Rubber
3) By End User: Plastics And Polymers, Paints And Coatings, Adhesives, Other End Users
Subsegments:
1) By Ortho-Xylene: Solvent Applications, Production Of Phthalic Anhydride
2) By Meta-Xylene: Solvent Applications, Production Of Isophthalic Acid
3) By Para-Xylene: Polyester Production, Production Of Terephthalic Acid
4) By Mixed Xylene: Solvent Applications, Fuel Additives
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Which firms are leading the xylene market?
Major companies operating in the xylene market include Saudi Arabian Oil Co., China Petroleum & Chemical Corporation, ExxonMobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, BP plc, Indian Oil Corporation Ltd., Koch Industries Inc., ENEOS Corporation, Reliance Industries Ltd., BASF SE, Dow Inc., LG Chem Ltd., Honeywell International Inc., S-Oil Corporation, US Petrochemical Industries Inc., Merck KGaA, TORAY INDUSTRIES Inc., Braskem S.A., SK global chemical Co. Ltd., JX Nippon Oil and Energy Corporation, Mitsubishi Gas Chemical Company lnc., Chevron Phillips Chemical Company LLC, Formosa Plastics Corporation, Huntsman Corporation, Tosoh Corporation, INEOS Mangalore Refinery & Petrochemicals Ltd., UOP LLC, Samsung Total Petrochemicals Co.Ltd., Fujan Refining & Petrochemical Company Limited, Westlake Chemical Corporation, YPF S.A., Zhejiang Juhua Co. Ltd., LyondellBasell Industries Holdings B.V., Marathon Petroleum Corporation, Mitsui Chemicals Inc., Nan Ya Plastics Corporation, PTT Global Chemical Public Company Limited, Saudi Basic Industries Corporation (SABIC)
Which market trends are set to define the future of the xylene market?
The manufacturers in the xylene market are focusing on increasing their production capacity. The major players in the xylene market are investing in expanding the capacities of their existing plants and setting up new plants. For instance, in February 2022, Origin Materials, a US-based chemicals company launched its second plant in Geismar, Louisiana to make polyethylene terephthalate precursor p-xylene. In addition, in 2022, Iran will start the construction of a new 300,000 b/d refinery Shahid Soleimani which is expected to produce propylene, ethylene, and paraxylene along with gasoline, diesel, jet fuel, and fuel oil. The project will be completed in the next 5 years.
Which geographic trends are shaping the xylene market, and which region has the highest market share?
The countries covered in the xylene market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Does The Xylene Market Report 2025 Offer?
The xylene market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Xylene is a chemical compound composed of isomers derived 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.
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