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).

Global Mixed Xylene Market Size, Share, Growth Analysis, By End-User(Automotive, Building & Construction), By Application(Fuel blending, Solvents) - Industry Forecast 2024-2031

Report ID: SQMIG15E2348 | Region: Global | Published Date: February, 2024
Pages: 272 | Tables: 71 | Figures: 75

Global Mixed Xylene Market Insights

Mixed 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).

Para-xylene, ortho-xylene, meta-xylene, and ethylbenzene make up mixed xylene. Although the proportion of ethyl benzene in mixed xylene is usually less than 20%, the distribution of xylene isomers in the combination varies. Mixed xylene is a colorless, flammable liquid with a pleasant odor. Mixed xylene is mostly a synthetic compound. Mixed xylene is one of the top 40 compounds manufactured in the United States in terms of volume. The increased usage of mixed xylene as a solvent in end-use industries such as paints and coatings and adhesives and sealants is one of the reasons driving the global mixed xylene market.

Another element driving the demand for mixed xylene is its use in fuel blending to boost the octane number. However, rising consumer knowledge of the benefits of using plastic-free items and the harmful effects of mixed xylene on human health and the environment may limit the worldwide market for mixed xylene soon. In the coming years, increased research and development expenditure on bio-based mixed xylene for use in paints, coatings, adhesives, and sealants could provide new prospects for the mixed xylene market.

Global Mixed Xylene Market Report Snapshots

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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.

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Global Mixed Xylene Market Size, Share, Growth Analysis, By End-User(Automotive, Building & Construction), By Application(Fuel blending, Solvents) - Industry Forecast 2024-2031

Global Mixed Xylene Market Insights

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