Asia-Pacific Meta-xylenes Market
- Report Code: ME 1002
- Publish Date: Upcoming
Meta Xylene (Metaxylene) is an aromatic hydrocarbon isomer of xylene produced by catalyst for various commercial applications, most notably for the plastics, paints and coatings industry. The Asia-Pacific Meta Xylene Market has around 66.8% of market share value in 2013, and is projected to reach 85.0% by 2018, growing at a CAGR of 4.3%. Asia-Pacific Meta Xylene market has grown considerably during the past few years and is expected to grow at a more rapid pace in the next five years, currently more than half of the total global market is consumed in manufacturing of Isophthalic acid which is used in pharmaceutical industry. Japan is the largest consumer of Meta Xylene in Asia-Pacific, consuming around 26.1% of the total global demand in 2013.
Metaxylene is isomer of xylene with two methyl group attached at Meta positions of the benzene. It is used for the production of isophthalic acid, of agriculture chemicals as pharmaceuticals. Isophthalic acid is used in applications like paint, varnish remover, and aerosol paint concentration. It is also used as a raw material to produce smaller volume chemicals. A new process for improved meta-xylene yield is being developed from C8 aromatics hydrocarbon. In the process meta-xylene is recovered from a mixture with other C8 aromatic hydrocarbons including ortho-xylene by liquid phase adsorptive separation. A process for producing high purity meta-xylene, comprising simulated moving bed adsorption and crystallization is being developed, which will produce meta-xylene for at least 99.5% purity.
Asia-Pacific is the most promising chemical market and is expected to be the same in the near future. The significance of Asia-Pacific in the chemical industry cannot be undervalued. The continuous rise in production of end products for use within the region and for exports derives a huge demand for the chemicals. The growing demand and policies including emission control, environment friendly products, and so on, have led to innovation and developments in the industry, making it a strong chemical hub globally. The exorbitant growth and innovation along with the industry consolidations are expected to ascertain a bright future for the industry in the region. Japan is the major consumer of Meta Xylene in Asia-Pacific, accounting for almost 39.1% of the total consumption.
The key countries covered in Asia-Pacific Meta Xylene Market are China, Republic of Korea, Singapore and Japan. The various applications studied include solvents, chemical intermediate, pharmaceutical and others. Further, as a part of qualitative analysis, the Asia-Pacific Meta Xylene Market research report provides a comprehensive review of the important drivers, restraints, opportunities, and burning issues in the xylene market.
The Asia-Pacific Meta Xylene Market report also provides an extensive competitive landscape of the companies operating in this market. It also includes the company profiles of and competitive strategies adopted by various market players, including Mitsubishi Chemical (Japan), Chevron Phillips Chemical Company LLC (U.S.), Lonza Group AG (Switzerland), Thai oil Public Company Ltd (Thailand) and others.
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Europe Xylenes The European xylenes market had been valued at $2.7 billion in 2013, and is expected to grow at 6.3% annually, to reach $3.6 billion by 2018. This market is segmented on the basis of applications and countries in the European region. |
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North America Xylenes The North America Xylenes market had been valued at $7.2 billion in 2013. and the North America Xylenes market is expected to grow at 9.0% annually, to reach $11.1 billion by 2018. The North America Xylenes market is segmented in terms of applications and countries in the North American region. |
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Asia-Pacific Xylenes The Asia-Pacific xylenes market in the region had been valued at $48.6 billion in 2013, and the Asia-Pacific xylenes market is expected to grow at 11.4% annually, and to reach $83.2 billion by 2018. The Asia-Pacific xylenes market is segmented in terms of applications and countries in the region. |
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Rest of World Mixed Xylenes Xylenes-Rest of World and Ortho-xylenes, Meta-xylenes and |
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