North America Meta-xylenes Market
- Report Code: ME 1000
- 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 North America Meta Xylene Market has around 2.9% of market share value in 2013, and is projected to reach 4.4% by 2018, growing at a CAGR of 8.4%. North America 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 market is consumed in manufacturing of Isophthalic acid which is used in pharmaceutical industry. The U.S. is the largest consumer of Meta Xylene in North America, and it was consuming around 2.7% 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. 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 the 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 of at least 99.5% purity.
North America is a diversified market for chemicals due to presence of numerous giants in North America. The North America Meta Xylene market has undergone various recent expansions to expand its export market and various chemical companies profited from the shale gas boom with a decrease in the cost of raw materials and energy. Moreover, new investments in the U.S. and Canada region due to the shale gas discoveries are expected to strengthen the economy of region. This is mainly due to the U.S.’s heavy investment in new manufacturing projects which include energy, chemicals, automotive, and so on. Due to emergence of shale gas, lighter feedstock is available to chemical and petrochemical industries in North America; the region is expected to be favored for olefin assets in the near prospect. The U.S. is the major consumer of Meta Xylene in North America, accounting for almost 93.1% of the total consumption. Subsequent to the U.S. is Canada. The chemical industry in the U.S contributes to 19.0% of the total chemical output globally. The U.S. chemical industry experienced major growth after the shale gas boom and picked up pace due to the availability of economical raw material.
The key countries covered in North America Meta Xylene Market are the U.S. and Canada. The various applications studied include solvents, chemical intermediate, pharmaceutical and others. Further, as a part of qualitative analysis, the North America Meta Xylene Market research report provides a comprehensive review of the important drivers, restraints, opportunities, and burning issues in the xylene market.
The North America Meta Xylene Market report also provides an extensive competitive landscape of the companies operating in this market. It also includes the company profiles of and competitive strategies adopted by various market players, including BP Plc. (London), DUMMY Versalis S.p.A. (Italy), Exxon Mobil Corp. (U.S), 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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