Product ID: SQMIG15E2348
Report ID:
SQMIG15E2348 |
Region:
Global |
Published Date: February, 2024
Pages:
272
|
Tables:
71 |
Figures:
75
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.
North America held the second-largest proportion of the worldwide market. One of the driving drivers for the market in the North American region is the increased usage of gasoline in the US, as well as the increased use of mixed xylene in gasoline to improve octane number (anti-knocking) attributes of gasoline, Europe had the third biggest market share in the global mixed xylene market. During the study period, increased demand for mixed xylene in the chemical, rubber, and plastics industries in this region is likely to fuel regional market expansion.
The market in the Middle East and Africa is expected to increase positively during the forecast period, owing to improved industrial circumstances following the political and economic downturn earlier seen
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REQUEST FREE CUSTOMIZATIONMixed Xylene Market size was valued at USD 42 million in 2019 and is poised to grow from USD 44.6 million in 2023 to USD 76.5 million by 2031, growing at a CAGR of 6.18% in the forecast period (2024-2031).
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Product ID: SQMIG15E2348