Global Xylene Market 2017-2021 - One Driver in the Market is Increased Demand from Automobile Industry

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18 Dec, 2017, 18:00 GMT

DUBLIN, Dec. 18, 2017 /PRNewswire/ --

The "Global Xylene Market 2017-2021" report has been added to Research and Markets' offering.

The global xylene market to grow at a CAGR of 7.49% during the period 2017-2021.

Global Xylene Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is recycling of PET. Owing to its increasing consumption and non-biodegradable nature, PET waste disposal has raised serious environmental and economic concerns. Management of PET waste has become a crucial issue. Hence, recycling is viewed as the most viable option for the treatment of PET waste.

According to the report, one driver in the market is increased demand from automobile industry. The global automobile industry has witnessed a significant growth in the past two decades. In 2016, the global automotive sales accounted for 75.53 million units. It is projected to reach 102.93 million units by 2020, growing at a CAGR of 8.04%. The global production of passenger cars increased from 63.08 million units in 2012 to 71.69 million units in 2016. Xylene is used in a variety of applications such as insulation, sealing, bonding, and coating, in different automotive parts such as engine, drive train, electrical system, electronics, interior, and body.

Further, the report states that one challenge in the market is logistical concern related to hazardous chemicals. Safe transportation of hazardous chemicals, such as PX and OX, is a big concern. A boom in the chemical industry has led to an increase in safety concerns of chemical logistics as freight traffic has witnessed a sharp rise. Shortage of untrained professionals for handling, packaging, and transportation of hazardous chemicals, and the lack of awareness about new and emerging trends and technologies are some of the major drawbacks witnessed all over the globe. Pilferage is another major concern. Expensive chemicals are being replaced by cheap substances, with cargo drivers being the major culprits.

Market trends

  • Recycling of PET
  • Surge in pricing margin
  • Growing shale gas market

Key vendors

  • Braskem
  • Exxon Mobil
  • Formosa Chemicals & Fibre
  • JXTG Nippon Oil & Energy Corporation
  • Reliance Industries
  • Royal Dutch Shell
  • US Petrochemical

Other prominent vendors

  • Banner Chemicals
  • China National Petroleum Corporation
  • Chevron Phillips Chemical Company
  • GS Caltex
  • Gazprom Neft PJSC
  • KETUL CHEM
  • Koch FHR
  • LOTTE CHEMICAL
  • Mangalore Refinery & Petrochemicals
  • MP Biomedicals
  • MITSUBISHI GAS CHEMICAL COMPANY
  • Nutan Chemicals
  • PTT Global Chemical
  • RIDHDHI SIDHDHI CHEMICALS
  • Sigma-Aldrich
  • THAI OIL
  • Total
  • Triveni chemicals
  • Versalis
  • Vinmar International

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Product Type

Part 07: Regional Landscape

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/4mxth4/global_xylene?w=5

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