Europe Meta-xylenes Market
- Report Code: ME 1001
- 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 Europe Meta Xylene Market has around 17.4% of market share value in 2013, and is projected to reach 20.3% by 2018, growing at a CAGR of 3.1%. Europe 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 purified terephthalic acid which used in pharmaceutical industry. Spain is the largest consumer of Meta Xylene in Europe, consuming about almost 9.5% 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, for 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 this 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.
The European chemical industry is a significant part of the country’s economy. The industry is divided in four segments which include: Base chemicals, Specialty chemicals, Pharmaceuticals, and Consumer chemicals. Germany is the largest chemical producer in Europe, followed by France, Italy, and The Netherlands. These four countries together account for 64.0% of the Europe chemical sales. In the past, most of Europe’s chemical industry growth was driven by domestic sales, but these days, the country’s growth is shared dependent on both the domestic and the export market. Spain is the major consumer of Meta Xylene in Europe, accounting for almost 54.5% of the total consumption. Subsequent to the Spain are Germany and Italy.
The key countries covered in Europe Meta Xylene Market are Germany, Spain and Italy. The various applications studied include solvents, chemical intermediate, pharmaceutical and others. Further, as a part of qualitative analysis, the Europe Meta Xylene Market research report provides a comprehensive review of the important drivers, restraints, opportunities, and burning issues in the xylene market.
The Europe Meta Xylene Market report also provides an extensive competitive landscape of the companies operating in this market. It also includes the company profiles and competitive strategies adopted by various market players, including BP Plc. (London), DUMMY Versalis S.p.A. (Italy), BASF (Germany), ADCO Global Inc. (U.K) 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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