What is the global market size of Mixed Xylene Market?

Mixed Xylene Market size was valued at USD 42 million in 2021 and is poised to grow from USD 44.6 million in 2022 to USD 76.5 million by 2030, growing at a CAGR of 6.18% in the forecast period (2023-2030).

Top Mixed Xylene Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Mixed Xylene Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Mixed Xylene industry players.

Mixed Xylene Market Competitive Landscape

Mixed Xylene Market Top Player's Company Profiles

Royal Dutch Shell Plc
China Petrochemical Corporation (Sinopec Group)
ExxonMobil Corporation
BP plc
Chevron Corporation
Reliance Industries Limited
Total S.A.
LyondellBasell Industries Holdings B.V.
Phillips 66 Company
SK Innovation Co., Ltd.
Indian Oil Corporation Limited
LOTTE Chemical CORPORATION
Idemitsu Kosan Co., Ltd.
GS Caltex Corporation
Flint Hills Resources
Formosa Chemicals & Fibre Corporation
PTT Global Chemical Public Company Limited
CNOOC and Shell Petrochemicals Company Limited (CSPC)
PT Pertamina (Persero)
BASF SE

Mixed Xylene Market Recent Development

In January 2021, INEOS paid US$ 5 billion for BP's global aromatics and acetyls division, allowing the company to expand its product offering.
In April 2021, Indian Oil Corporation Limited (IOCL) granted Tecnimont Private Limited an EPCC contract for US$ 450 million to build an integrated paraxylene (PX) and purified terephthalic acid (PTA) facility in Paradip, Odisha. It will be linked to the company's refinery at Jagatsinghpur, Odisha. By 2024, the petrochemicals complex will be operational, with an annual capacity of 800 kilotons of PX, the feedstock for the production of PTA.

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FAQs

Global Mixed Xylene Market size was valued at USD 47.74 Billion in 2024 and is poised to grow from USD 50.99 Billion in 2025 to USD 86.3 Billion by 2033, growing at a CAGR of 6.8% during the forecast period (2026–2033).

The key players in the Bispecific antibodies market are working on continuous innovation and increasing product portfolios for therapeutic outcomes for patients. Along with the introduction of new products in the market and also with various mergers and acquisitions taking place they are trying to meet the continuous customer demand. For Instance, Lotte Chemical and Hyundai Oilbank entered into a joint venture to form Hyundai Chemical and recently invested an estimated US$ 222 Mn for expanding the production capacity of aromatics located in Daesan, South Korea from 1200 KT to 1400 KT on an annual basis. 'ExxonMobil Corporation (United States) ', 'Royal Dutch Shell plc (Netherlands) ', 'Chevron Phillips Chemical Company LLC (United States) ', 'TotalEnergies SE (France) ', 'China Petroleum & Chemical Corporation (Sinopec) (China) ', 'China National Petroleum Corporation (CNPC) (China) ', 'Reliance Industries Limited (India) ', 'Idemitsu Kosan Co., Ltd. (Japan) ', 'SK Global Chemical Co., Ltd. (South Korea) ', 'GS Caltex Corporation (South Korea) ', 'LOTTE Chemical Corporation (South Korea) ', 'Formosa Chemicals & Fibre Corporation (Taiwan) ', 'Mitsubishi Chemical Corporation (Japan) ', 'PTT Global Chemical Public Company Limited (Thailand) ', 'Saudi Basic Industries Corporation (SABIC) (Saudi Arabia) ', 'Flint Hills Resources, LLC (United States) ', 'Nippon Petroleum Refining Co., Ltd. (Japan) ', 'YNCC (Yeochun NCC Co., Ltd.) (South Korea) ', 'Marathon Petroleum Corporation (United States) ', 'Taiyo Oil Company, Ltd. (Japan)'

During the projection period, demand for ortho-xylene is likely to be driven by the construction industry's growth and the automobile industry's development. In addition, demand for ortho-xylene is expected to rise in the coming years as the paints and adhesives industry expands.

Because of its characteristics and chemical structure, it is excellent in dissolving substances that do not dissolve well in water. Xylene is a volatile substance that easily evaporates. As a result, it's commonly used in situations where a producer has to dissolve a substance while also evaporating the solvent

During the forecast period, Asia-Pacific is expected to be the largest and fastest-growing region in the global mixed xylene market. The growing use of mixed xylene as a solvent in sectors including paints and coatings, adhesives and sealants, chemicals, and printing is likely to enhance the market in the area. Furthermore, mixed xylene is primarily utilized as a raw material in the production of agricultural pesticides, which is projected to drive demand in the Asia Pacific area.

Top Mixed Xylene Companies

Mixed Xylene Market Competitive Landscape

FAQs

What is the global market size of Mixed Xylene Market?

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