Mixed xylene sales are expected to reach US$ 197.8 billion in 2022. The global mixed xylene market is expected to grow at a 7.1% CAGR and reach a value of US$ 299.2 billion by the end of 2028. Growing consumption as a solvent continues to primarily drive the revenue growth of mixed xylene market worldwide.

Slated at robust yearly revenue growth in 2022 and ahead, the global mixed xylene landscape is also likely to witness consistently soaring consumption of paraxylene by PET manufacturers. Towards 2022, the global revenue of mixed xylene market is projected to surpass the valuation of US$ 197 billion, forecasts a new research study on the global market for mixed xylene, by Future Market Insights.

“Fostering PET, polyester fiber, and polyester film manufacturing is constantly creating investment opportunities for mixed xylene manufacturing companies, thereby pushing the revenue growth of mixed xylene landscape,” says a senior market research analyst at the company.

Key Companies Profiled

Some of the prominent players profiled in the report include Exxon Mobil Corporation, Idemitsu Kosan Co., Ltd., Lotte Chemical Corporation, Total S.A., China Petroleum & Chemical Corporation, China National Petroleum Corporation, GS Caltex Corporation, Chevron Phillips Chemical Company LLC, Royal Dutch Shell plc, YPF Sociedad Anónima, Flint Hills Resources, LLC, and SK Global Chemical Co., Ltd.

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Key Segments of Mixed Xylene Industry Survey

By Grade:

  • Isomer Grade Mixed Xylene
  • Solvent Grade Mixed Xylene

By Application:

  • Fuel Blending
  • Solvents
  • Thinners
  • Raw Materials

By End Use:

  • Mixed Xylene for Paints & Coatings
  • Mixed Xylene for Pesticides
  • Mixed Xylene for Chemicals
  • Mixed Xylene for Gasoline
  • Mixed Xylene for Printing, Rubber & Leather

Production Expansion Rules Strategic Minds of Manufacturers

In the report, FMI covers extensive strategic profiles of some of the key manufacturers active in the mixed xylene landscape, which points to strategic M&A and collaborations governing the competitive nature of mixed xylene marketplace.

In a moderately fragmented global landscape of mixed xylene market, the leading 12 players collectively cover 20-25% share of the total revenue. This highlights that each one of them holds a single digit market value share at present.

Manufacturing capacity expansion is currently the primary strategy of key companies in global mixed xylene space. As of the past year, the Asia Pacific mixed xylene market has witnessed notable production capacity expansion efforts by prominent market players. Companies in addition to expanding existing manufacturing plants are emphasizing new plant start-ups, pushing the prospects of mixed xylene market.

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