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2019-2024 Meta-Xylene Market Latest Research by Business Expansion Plans, Growth Rate, Industry Demand Status, Top Opportunities, and Forecast

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Meta-Xylene

Meta-Xylene Market” report provides an in-depth research of market-based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Meta-Xylene Market is comprehensively prepared with main focus on the competitive landscape, geographical growth, segmentation, and market dynamics, including drivers, restraints, and opportunities. It also analyzes the current and future prospect of Meta-Xylene Market.

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Key Insights of Meta-Xylene Market:

  • Complete in-depth analysis of the Meta-Xylene
  • Important changes in market dynamics.
  • Segmentation analysis of the market.
  • Emerging segments and regional markets.
  • Historical, on-going, and projected market analysis based on volume and esteem.
  • Assessment of niche industry players.
  • Market share analysis.
  • Key strategies of major players

Market Overview:

  • The global meta-xylene market is expected to record a CAGR of over 4% during the forecast period of 2019–2024. The major factor driving the market studied is the increasing demand from the construction industry and adhesives.
  • – Harmful and hazardous effect of meta-xylene is expected to hinder the market’s growth.
  • – Availability of cheaper feedstock through increasing shale oil discoveries is likely to act as an opportunity for the market in the forecast period.

    Meta-Xylene Market Segmentation by Top Key Players:

  • Avantor
  • British Petroleum
  • Chevron Phillips Chemical Company
  • Compania Espanola De Petroleos
  • S.A.U. (Cepsa)
  • Exxonmobil
  • Honeywell International Inc
  • Lotte Chemical
  • Merck KGaA
  • MITSUBISHI GAS CHEMICAL COMPANY
  • INC
  • Perstorp
  • Shell Chemicals LTD
  • Total Petrochemicals
  • Versalis SpA

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    Scope of the Report:

  • This report studies the global Meta-Xylene market size, industry status and forecast, competition landscape and growth opportunity.

    Key Market Trends:

    Isophthalic acid to dominate the market

    – Isophthalic acid is an aromatic dicarboxylic acid, industrially produced by the oxidation of m-xylene, using the Co–Mn–Br catalyst system. Commercially, it is used as a component of PET (polyethylene terephthalate) copolymer, which is used in bottle resins and to a much lesser extent, for fibers. It is a white solid with a slightly unpleasant odor and it sinks in water.
    – It has excellent thermal stability for low resin color, weathering, high heat distortion temperature, outstanding boiling, water and stain resistance, outstanding hardness, superior corrosion, and stain resistance.
    – Isophthalic acid’s second major use is as a component of high-quality alkyds and polyester resins for industrial coatings and unsaturated polyesters, for fiberglass-reinforced plastics applications.
    – Purified isophthalic acid (PIA) is mainly used as an intermediate in the production of unsaturated polyester resins, followed by polyester and alkyd resins (mainly for surface coatings) and inks, reinforced plastics, and packaging applications.
    – Few other applications of Isophthalic acid are as follows: aerospace coatings, architectural coatings, automotive, building materials, coil coatings, construction chemicals, electronic connectors, equipment and machinery, lubricants, metal coatings, packaging components non food contact, paints and coatings, polyester (pet), process additives, protective coatings, refrigerator and coolant systems, sport drinks packaging.
    – The above mentioned points are expected to rapidly increase the demand for isophthalic acid. This would, in turn, increase the demand for meta-xylene over the forecast period.

    United States to Dominate the North America Region

    – Residential construction spending in the country slightly fluctuated in 2017. However, the normal pace was restored gradually in 2018, when compared to 2017. With the growing construction industry in the country, there is an increase in the number of new homes.
    – In addition, growth is also being witnessed in the housing repair and refurbishment activities. The Harvard Joint Center for Housing Studies witnessed the remodeling expenditures for housing in the United States and reached USD 340 billion in 2018, exhibiting a growth of 7.5% over 2017.
    – The United States is the second-largest producer of automobiles in the world. PET is widely used to replace parts in automobile, in order to reduce weight and wear and tear, by providing trouble-free performance for a longer span of time.
    – The production of automobiles in the country has recorded a robust growth till 2016. After growing at 3.8% in 2015, the growth slowed down to 0.8% in 2016, due to the excess inventory and low demand for passenger cars. Moreover, the production of new motor vehicles in the country has decreased by 8.13%, in 2017, and reached a total of 11,189,985 units. And it increased by 1.1% in 2018 by producing 11,314,705 units. This increase in production of automobiles has increased the consumption of PET in the country.
    – United states being one of the most developed countries in the world, penetration of meta-xylene is extremely high. This trend is expected to continue over the forecast period, 2019 – 2024

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    Meta-Xylene Market Covers Following Points in TOC:

    • Chapter 1: Meta-Xylene Market Definition
    • Chapter 2: Research Methodology of Meta-Xylene Market
    • Chapter 3: Meta-Xylene Market Executive Summary
    • Chapter 4: Meta-Xylene Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Meta-Xylene Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Meta-Xylene Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Meta-Xylene Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Meta-Xylene Market

     

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