Global Meta-xylene Market 2015-2019
Meta-xylene is an aromatic isomer of xylene with two methyl groups attached at the meta position of benzene. This aromatic hydrocarbon is produced by a catalyst in processes such as adsorptive separation and moving bed adsorption and crystallization. It is used for various commercial applications, most notably for the production of IPA which is used as a raw material for the production of plastics, chemicals, and paints.
TechNavio's analysts forecast the Global Meta-xylene market to grow at a CAGR of 4.64 percent over the period 2014-2019.
Covered in this Report
The Global Meta-xylene market can be divided into two segments by application: IPA and Others.
TechNavio's report, Global Meta-xylene Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Meta-xylene market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Regions
TechNavio Announces the Publication of its Research Report – Global Meta-xylene Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Meta-xylene Market: British Petroleum (BP) plc, Chevron Corp., Eastman Chemical Co., Perstorp AB and UOP LLC
Other Prominent Vendors in the market are: ConocoPhillips, JX Nippon Oil & Energy, Phillips 66 and Shell Chemicals.
Commenting on the report, an analyst from TechNavio’s team said: “Availability of efficient and advanced recovery processes to obtain high-purity meta-xylene is a positive trend in the market. Advanced recovery processes such as simulated moving bed adsorption and crystallization help the recovering of meta-xylene from mixed xylenes feedstock. These processes offer several distinct advantages such as obtaining high-purity meta-xylene up to 99.5 percent, requirement for less equipment, use of carbon steel metallurgy, extended adsorbent life up to 10 years, and high on-stream factor for reliable operation.”
According to the report, increased demand for meta-xylene in emerging economies is one of the major drivers of the market. Isophthalic acid, one of the major end-products of meta-xylene, is used extensively in the Plastics and Painting sectors. The market is expected to experience a steady growth rate because of the growing infrastructure and low costs of raw material and labor.
Further, the report states that lack of diversification in end uses of meta-xylene is a major challenge being faced by the market players. Meta-xylene is mainly used for the production of IPA, which limits its use exclusively for IPA's applications. Growing demand for green packaging and bioplastics has led to a decline in demand for PET from developed regions such as the Americas.
BP, Chevron, Eastman, Perstorp, UOP Honeywell, Conocophillips, JX Nippon Oil & Energy, Phillips 66, Shell Chemicals