Report

Global Meta-Xylene Market Report and Forecast

128 pages Oct 2024
Global Meta-Xylene Market Repo

Global Meta-Xylene Market Report and Forecast 2032

Global Meta-Xylene Market...

  • Chemicals and Materials
  • Pages : 128
  • Oct 2024
  • Report Format :  

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Meta-Xylene Market Insights & Analysis

The Global Meta-Xylene Market was valued at USD 212.2 Billion in 2023 and is anticipated to register a CAGR of around 4.6% during the forecast period, i.e., 2024-32. Also, the market size would reach around USD 315.3 billion in 2030. The rise in the market can be ascribed to various aspects, including the growing demand for adhesives & sealants in numerous end-user sectors & the expanding consumption of isophthalic acid. A colorless, erratic liquid hydrocarbon, xylene is derived from coal. Wood, and petroleum. An isomer of ortho- & para-xylene is called meta-xylene or m-xylene. It is an aromatic hydrocarbon that has two methyl substituents joined at the benzene ring’s meta locations. It is mostly used in the synthesis of 1, 3-dimethylbenzene, other names for chemicals include isophthalic acid, 1, 3-xylene, m-xylol, and m-dimethylbenzene.

Moreover, a lot of petrochemical production companies have developed & diversified their production in the past few years. Besides, a notable expansion has been observed in the petrochemical industry, contributing to the growth of the Meta-Xylene Market. Meta-xylene is frequently present in a wide range of goods, including paint thinners, inks, pesticides, degreasers, and varnishes. It has exceptional resistance to water, stains, weathering, hardness, and corrosion. It is soluble in chloroform & miscible with acetone, benzene, ether, and alcohol. Hence, owing to this, meta-xylene is broadly utilized in varied sectors, like construction, automotive, packaging, etc.

Global Meta-Xylene Market FY32

Description of Image
  • Study Period: 2020- 2032

  • Base Year: 2024

  • CAGR(2024-2032): 4.6%

  • Market Value 2023: USD 212.2 Billion

  • Fastest Growing Market: Asia-Pacific

  • Major Players: Avantor, British Petroleum, Chevron Phillips Chemical Company, Compania Espanola De Petroleos, S.A.U. (Cepsa), Exxonmobil, Honeywell International Inc., and Others 

Additionally, the packaging industry’s expansion is also driving the Meta-Xylene Industry's expansion. The packaging sector is consuming more meta-xylene as a result of the rapid usage of PET packaging solutions. Furthermore, it is also used as an inert ingredient in non-food pesticide products. The production of polyesters, alkyd resins, pesticides, and aviation fuel are among other applications.

Also, purified isophthalic acid (PIA), an aromatic dicarboxylic acid, is made from meta-xylene. Oxygen is used to oxidize m-xylene & generate a PIA. It is a part of the copolymer of polyethylene terephthalate (PET). The design of reactors & fractionators, heat recovery, and integration are recent technological developments in the manufacturing of meta-xylene. Along with this, recent advances in chromatography have led to a substantial decrease in the energy required for the production of aromatic compounds.

Further, it is anticipated that the market for meta-xylene would be significantly impacted over time, due to the increased consumption of isophthalic acid & growing demand for adhesives & sealants in end-use industries. In addition, the market is increasing with the widespread usage of derivatives of meta-xylene, such as pure terephthalate acid & dimethyl terephthalate. This, in turn, would assist in enhancing the Global Meta-Xylene Market size in the foreseen years.

Meta-Xylene Market Dynamics

  • Growing Usage of Meta-xylene to formulate Isophthalic Acid to Drive Demand

The demand for meta-xylene is expected to be driven by its widespread use in the formulation of isophthalic acid. The industry is predicted to expand owing to a surge in the usage of isophthalic acid in aerospace, architectural coatings, and construction sector for paint & coatings. Thus, the high consumption of isophthalic acid & rising demand for adhesives & sealants in end-use industries is presumed to drive the Meta-Xylene Market in the forecast years.


Global Meta-Xylene Market Report and Forecast 2032

  • Concerns Related to Side-effects of M-Xylene to Limit the Market

There are various hazardous & detrimental effects of meta-xylene on both environmental & human health. Drinking water wells may get contaminated if a significant volume of xylene leaks into the ground from a landfill, hazardous waste site, or unintentional spill. Headaches, nausea, and vomiting are possible side effects of m-xylene exposure. Therefore, creating a challenge for the M-Xylene Market growth.

  • Upsurge in the Demand for Paraxylene to Open New Avenues for the Market

The global demand for paraxylene is rising, which supports the expansion of the Meta-Xylene Market. An essential component in the production of polyethylene terephthalate (PET) is paraxylene, an isomer of xylene. Industries, including automotive, beverage packaging, consumer products, sheets & films, construction, and food packaging employ PET. Further, increased demand for PET owing to the rising need for packaging materials has fueled the upsurge of the Paraxylene Market.

Moreover, the increasing need for paraxylene has led to the establishment of new production facilities. As per the analysis conducted by Jinlianchuang, a Chinese provider of comprehensive intelligent and digital services for bulk commodities, six sets of paraxylene plants with an annual manufacturing capacity of around 11.89 million tons & a nearly 41.3% rise were operated in 2022. Hence, the growing demand for paraxylene is met by the increased production capacity, generating enormous & plentiful opportunities for the Meta-Xylene Market.

Meta-Xylene Market Segment-wise Analysis

By Application:

  • Isophthalic Acid
  • 2,4- & 2,6-xylidine
  • Solvents
  • Others

Isophthalic Acid to uphold the largest share of the Meta-Xylene Market. By employing the Co-Mn-Br catalyst system to oxidize m-xylene, isophthalic acid, an aromatic dicarboxylic acid is generated industrially. It sinks in water and has a mild disagreeable odor. In terms of low resin color, weathering, high heat distortion temperature, exceptional boiling water, and stain resistance, unusual hardness, superior corrosion resistance, and stain resistance, it possesses great thermal stability. The production of premium alkyds & polyester resins for industrial coatings as well as unsaturated polyesters for applications involving fiberglass-reinforced plastics is isophthalic acid’s second main usage.

By End User:

  • Construction
  • Packaging
  • Automotive
  • Others

The Packaging segment accounts for the maximum share of the Global Meta-Xylene Market. The main application for meta-xylene is in the production of isophthalic acid, a necessary component in the creation of polyethylene terephthalate (PET) polymers. In the packaging sector, PET plastics are widely utilized, especially for bottles, containers, and food packaging. The use of meta-xylene in this market is driven by the increased demand for PET packaging. With the rising demand for packaged goods, convenience meals, and beverages, particularly in emerging markets, the worldwide packaging industry has been growing quickly, thus impacting the market growth as well.

Regional Projection of the Meta-Xylene Industry

The Global Meta-Xylene Market is geographically diversified, covering:

  • Asia-Pacific
  • North America
  • South America
  • Europe
  • The Middle East & Africa

Asia-Pacific to attain a substantial share of the Global Meta-Xylene Market over the past few years. This is due to the region’s extensive production of PET plastic. Also, the increase in the production capacity of m-xylem by the key companies and the rising demand for soft drinks & carbonated alcoholic beverages across the regional countries is aiding in escalating the market expansion. Moreover, laminates & flexible packaging, especially PET & woven bags, are becoming increasingly necessary for China & India. Also, a growth in the demand for synthetic polymers that are widely employed in space, automotive, and architecture industries is contributing to elevating the Asia-Pacific Meta-Xylene Market growth.                                         

What Does Our Meta-Xylene Market Research Study Entail?

  • Global Meta-Xylene Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
  • The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
  • Global Meta-Xylene Market Research Report entails details about the most critical shifts in market share in the prominent regions.
  • Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.


Table of Contents

  1. Introduction
    1. Objective of the study
    2. Product Definition
    3. Market Segmentation
    4. Study Variables
  2. Research Methodology
    1. Secondary Data Points
      1. Companies Interviewed
    2. Primary Data Points
      1. Break Down of Primary Interviews
  3. Executive Summary
  4. Market Dynamics
    1. Drivers
    2. Challenges
    3. Opportunity Assessment
  5. Recent Trends and Developments
  6. Global Meta-Xylene Market Overview (2020-2032)
    1. Market Size, By Value (in USD Millions)
    2. Market Share, By Application
      1. Isophthalic Acid
      2. 2.4 and 2.6 xylidine
      3. Solvents
      4. Other Applications
    3. Market Share, By Region
      1. North America
      2. South America
      3. Europe
      4. Middle East & Africa
      5. Asia-Pacific
    4. Market Share, By Company
      1. Competition Characteristics
      2. Revenue Shares & Analysis
  7. North America Meta-Xylene Market Overview (2020-2032)
    1. Market Size, By Value (in USD Millions)
    2. Market Share, By Application
    3. Market Share, By Country
      1. US
      2. Canada
      3. Mexico
  8. South America Meta-Xylene Market Overview (2020-2032)
    1. Market Size, By Value (in USD Millions)
    2. Market Share, By Application
    3. Market Share, By Country
      1. Brazil
      2. Argentina
      3. Rest of South America
  9. Europe Meta-Xylene Market Overview (2020-2032)
    1. Market Size, By Value (in USD Millions)
    2. Market Share, By Application
    3. Market Share, By Country
      1. Germany
      2. Italy
      3. France
      4. UK
      5. Rest of Europe
  10. Middle East & Africa Meta-Xylene Market Overview (2020-2032)
    1. Market Size, By Value (in USD Millions)
    2. Market Share, By Application
    3. Market Share, By Country
      1. Saudi Arabia
      2. UAE
      3. Turkey
      4. South Africa
      5. Rest of Middle East & Africa
  11. Asia Pacific Meta-Xylene Market Overview (2020-2032)
    1. Market Size, By Value (in USD Millions)
    2. Market Share, By Application
    3. Market Share, By Country
      1. China
      2. India
      3. Japan
      4. Singapore
      5. Rest of Asia-Pacific
  12. Competitive Outlook (Company Profiles – Partial List)
    1. Avantor
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    2. British Petroleum
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    3. Chevron Phillips Chemical Company
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    4. Compania Espanola De Petroleos, S.A.U. (Cepsa)
      1.  Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    5. Exxonmobil
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    6. Honeywell International Inc.
      1.  Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    7. Thrive Internet
      1.  Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    8. Lotte Chemical
      1.  Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    9. Merck KGaA
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    10. MITSUBISHI GAS CHEMICAL COMPANY
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    11. Perstorp
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    12. Others (Shell Chemicals LTD, Total Petrochemicals, Versalis SpA)
  13. Contact Us & Disclaimer

Companies Mentioned

  • Avantor
  • British Petroleum 
  • Chevron Phillips Chemical Company 
  • Compania Espanola De Petroleos, S.A.U. (Cepsa) 
  • Exxonmobil 6.4.6 Honeywell International Inc. 
  • Lotte Chemical 
  • Merck KGaA 
  • MITSUBISHI GAS CHEMICAL COMPANY, INC 
  • Perstorp 
  • Shell Chemicals LTD 
  • Total Petrochemicals 
  • Versalis SpA 

Frequently Asked Questions

   A. The Global Meta-Xylene Market is anticipated to witness a rise at a CAGR of around 4.6% during the forecast period, i.e., 2024-32.

   A. The growing usage of meta-xylene to formulate isophthalic acid to drive the Global Meta-Xylene Market through 2032.

   A. The concerns related to the side effects of m-xylene impede the further expansion of the Global Meta-Xylene Market through 2032.

   A. The upsurge in the demand for paraxylene opens up new avenues for the Global Meta-Xylene Market players.

   A. The leading market players in the Global Meta-Xylene Market are Avantor, British Petroleum, Chevron Phillips Chemical Company, Compania Espanola De Petroleos, S.A.U. (Cepsa), Exxonmobil 6.4.6 Honeywell International Inc., Lotte Chemical, Merck KGaA, MITSUBISHI GAS CHEMICAL COMPANY, INC, Perstorp, Shell Chemicals LTD, Total Petrochemicals, Versalis SpA.