PUBLISHER: IMARC | PRODUCT CODE: 1422925
PUBLISHER: IMARC | PRODUCT CODE: 1422925
Meta-xylene Market by Application (Isophthalic Acid, 2,4- and 2,6-xylidine, Solvents, and Others), End User (Construction, Packaging, Automotive, and Others), and Region 2024-2032
Abstract
The global meta-xylene market size reached US$ 1.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.91% during 2024-2032. The significant growth in the construction industry, widespread product utilization in protective coatings, and the increasing product demand for the formulation of isophthalic acid represent some of the key factors driving the market.
Meta-xylene is a colorless, organic compound with a sweet odor obtained from coal, wood, and petroleum. It comprises two clusters of methyl connected to a six-carbon ring. It is widely used as a raw material for the production of 2,4-Xylidine, m-dimethylbenzene, m-xylol, 2,6-xylidine, and isophthalic acid, that is used as a copolymerizing monomer to alter the properties of polyethylene terephthalate. Meta-xylene is commonly found in various products, such as varnishes, inks, paint thinners, degreasers, and insecticides. It exhibits outstanding hardness, weathering, corrosion, water, and stain resistance. It is miscible with acetone, alcohol, ether, and benzene and soluble in chloroform. As a result, meta-xylene fiend extensive applications across various industries, including packaging, construction, and automotive.
Meta-xylene Market Trends:
The significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. In line with this, meta-xylene is widely used as a solvent in the production of paints and coatings. This, coupled with the increasing residential construction activities and the rising number of housing projects is favoring the market growth. Additionally, the increasing product utilization for the formulation of isophthalic acid used in aerospace and architectural coatings is acting as another growth-inducing factor. Moreover, isophthalic acid is also used as a component of high-quality alkyds and polyester resins for industrial coatings and unsaturated polyesters for fiberglass-reinforced plastics applications, which, in turn, is driving the market growth. Apart from this, the utilization of m-xylene as a feasible feedstock to produce sustainable hydrogen fuel using nickel-based catalysts, which, in turn, has wide-ranging applications in the automotive, transportation, and power generation industries, is providing an impetus to the market growth. Furthermore, the increasing product demand as a component of polyethylene terephthalate (PET), which is widely used in packaging foods and beverages, such as sodas, water, and juices, is positively influencing the market growth. Along with this, the widespread utilization of meta-xylene derivatives, including purified terephthalate acid and dimethyl terephthalate, to manufacture face shields, transparent masks, food, and e-commerce packaging is facilitating the market growth. Other factors, including significant expansion in the automotive industry, extensive research and development (R&D) activities, key players focusing on new product launches, and widespread product utilization in protective coatings, refrigerators, and coolant systems, are anticipated to drive the market growth further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global meta-xylene market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on application and end user.
Application Insights:
Isophthalic Acid
2,4- and 2,6-xylidine
Solvents
Others
The report has provided a detailed breakup and analysis of the meta-xylene market based on the application. This includes isophthalic acid, 2,4- and 2,6-xylidine, solvents and others. According to the report, isophthalic acid represented the largest segment.
End User Insights:
Construction
Packaging
Automotive
Others
A detailed breakup and analysis of the meta-xylene market based on the end user has also been provided in the report. This includes construction, packaging, automotive, and others. According to the report, construction accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia Pacific was the largest market for meta-xylene. Some of the factors driving the Asia Pacific meta-xylene market included extensive research and development (R&D) activities, widespread product utilization for the production of paints and coatings, and significant expansion in the automotive industry.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global meta-xylene market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Compania Espanola de Petroleos S.A.U., GS Caltex Corporation, Honeywell International Inc., Lotte Chemical Corporation, Mitsubishi Gas Chemical Company Inc., Parchem Fine & Specialty Chemicals, Thermo Fisher Scientific Inc., Tokyo Chemical Industry, etc.
Key Questions Answered in This Report
- 1. What was the size of the global meta-xylene market in 2023?
- 2. What is the expected growth rate of the global meta-xylene market during 2024-2032?
- 3. What are the key factors driving the global meta-xylene market?
- 4. What has been the impact of COVID-19 on the global meta-xylene market?
- 5. What is the breakup of the global meta-xylene market based on the application?
- 6. What is the breakup of the global meta-xylene market based on the end user?
- 7. What are the key regions in the global meta-xylene market?
- 8. Who are the key players/companies in the global meta-xylene market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Meta-xylene Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Application
- 6.1 Isophthalic Acid
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 2,4- and 2,6-xylidine
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Solvents
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by End User
- 7.1 Construction
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Packaging
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Automotive
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Compania Espanola de Petroleos S.A.U.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 SWOT Analysis
- 13.3.2 GS Caltex Corporation
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Honeywell International Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Lotte Chemical Corporation
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Mitsubishi Gas Chemical Company Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Parchem Fine & Specialty Chemicals
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Thermo Fisher Scientific Inc.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Tokyo Chemical Industry
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.1 Compania Espanola de Petroleos S.A.U.
List of Figures
- Figure 1: Global: Meta-xylene Market: Major Drivers and Challenges
- Figure 2: Global: Meta-xylene Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Meta-xylene Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Meta-xylene Market: Breakup by Application (in %), 2023
- Figure 5: Global: Meta-xylene Market: Breakup by End User (in %), 2023
- Figure 6: Global: Meta-xylene Market: Breakup by Region (in %), 2023
- Figure 7: Global: Meta-xylene (Isophthalic Acid) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Meta-xylene (Isophthalic Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Meta-xylene (2,4- and 2,6-xylidine) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Meta-xylene (2,4- and 2,6-xylidine) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Meta-xylene (Solvents) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Meta-xylene (Solvents) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Meta-xylene (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Meta-xylene (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Meta-xylene (Construction) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Meta-xylene (Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Meta-xylene (Packaging) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Meta-xylene (Packaging) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Meta-xylene (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Meta-xylene (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Meta-xylene (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Meta-xylene (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: North America: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: North America: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: United States: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: United States: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Canada: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Canada: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Asia-Pacific: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Asia-Pacific: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: China: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: China: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Japan: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Japan: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: India: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: India: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: South Korea: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: South Korea: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Australia: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Australia: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Indonesia: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Indonesia: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Others: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Others: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Europe: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Europe: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Germany: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Germany: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: France: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: France: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: United Kingdom: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: United Kingdom: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Italy: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Italy: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Spain: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Spain: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Russia: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Russia: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Others: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Others: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Latin America: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Latin America: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Brazil: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Brazil: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Mexico: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Mexico: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Others: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Others: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Middle East and Africa: Meta-xylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Middle East and Africa: Meta-xylene Market: Breakup by Country (in %), 2023
- Figure 71: Middle East and Africa: Meta-xylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Global: Meta-xylene Industry: Drivers, Restraints, and Opportunities
- Figure 73: Global: Meta-xylene Industry: Value Chain Analysis
- Figure 74: Global: Meta-xylene Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Meta-xylene Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Meta-xylene Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 3: Global: Meta-xylene Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 4: Global: Meta-xylene Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Meta-xylene Market: Competitive Structure
- Table 6: Global: Meta-xylene Market: Key Players
