Meta-Xylene (M-Xylene) Market Analysis, Key Players, Growth and Future Scope
The burgeoning requirement for isophthalic acid is fueling the demand for meta-xylene (m-xylene) across the world. Isophthalic acid is basically an organic compound that is used in several applications such as the production of inks, reinforced plastics, alkyd resins, and unsaturated polyester resins. The sales of plastics are driven by the mushrooming requirement for packaging products and the increasing construction and building activities in various countries all over the world.
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This is, in turn, driving the growth of the global meta-xylene (m-xylene) market. Xylene is basically a volatile and colorless liquid hydrocarbon produced from coal, petroleum, and wood. Meta-xylene is an isomer of para-xylene and ortho-xylene. The material is an aromatic hydrocarbon having two methyl substituents connected at the meta positions of the benzene ring. It is mainly used for producing isophthalic acid. M-dimethylbenzene, m-xylol, 1,3-xylene, and 1,3-dimethylbenzene are the other names of this chemical.
Hence, it is safe to say that the demand for meta-xylene is predicted to soar all over the world in the forthcoming years, mainly because of the rising usage of the compound in isophthalic acid production, which is itself experiencing a sharp rise, because of the growing requirement for reinforced plastics across the world.
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GLOBAL M-XYLENE MARKET
- By Application – Isophthalic Acid Production; 2,4-Xylidine and 2,6-Xylidine Production; Solvent; and Others (Use of M-Xylene in 2,4-Dimethylbenzophenone Production, in Chemical Syntheses, and as an Intermediate in Dyes and Resins)
- By Region – North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)