Global Benzene, Xylene, and Toluene Market – Industry Analysis, Size, Share, Growth, Trends and Forecast (2013 – 2019)

Benzene, Xylene, and Toluene Market

Benzene is a colorless chemical having a sweet odour and a boiling point of 80 degree Celsius. It is mainly used as an industrial solvent and a gasoline additive. Xylene is also sweet smelling, flammable and colorless in nature. It is used as a solvent in printing, leather and rubber industries. It is also used to clean wafers and chips. Toluene is a byproduct of formation of gasoline and coke-fuel from coal. It is used in various industries like coatings, petrochemicals, petroleum and colorants. The global market for benzene and xylene had been hit by recession in 2009, which is recovering gradually. The toluene market has been on a steady growth curve for the past ten years.

The global market for benzene, xylene, and toluene is expected to grow steadily for the next few years. The healthy growth of the toluene market can be dedicated primarily to certain factors like increasing demand for pesticides, pharmaceuticals, paints and for laboratory purposes to produce benzene. The global expansion of the xylene market is driven by the huge demand for polyester fibers in China, partly due to the shortage in production of cotton fibers.

The factors for the growth of the benzene market worldwide are the recovering demand of SBR and polycarbonates in automotive markets and the growing construction industry in developing countries. However, weakened carpet demand has been a hindrance to the xylene market. The major constraints faced by the toluene and benzene markets are government regulations which have been put in place to offset the risks that these markets pose to the environment and human health due to their toxic nature.

The global market for benzene, xylene and toluene seems to be highly fragmented with the U.S. in the driving seat. Asia-Pacific is projected to be the fastest growing global exporter with South Korea leading the pack. Some of the key players include BP, Chevron, Exxon Mobil, China National Petroleum Corp. (CNPC), Formosa Plastics Group (FPG), ConocoPhillips, JX Holdings, Flint Hills Resources, the Ineos Group, Saudi Basic Industries Corp. (SABIC), DOW Chemicals, Royal Dutch Shell, SINOPEC, LG Chem. Ltd., and Lotte Chemical.

Browse pdf report: Benzene, Xylene, and Toluene Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast (2013 – 2019)

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

This report provides comprehensive analysis of 

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

More reports on Chemicals & Materials market: http://www.transparencymarketresearch.com/chemical-market-reports-2.html

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

About Us:

Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.

TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge.

Contact Us:

CORPORATE OFFICE:
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: