DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/269g4g/global) has announced the addition of the "Global Meta-xylene Market 2015-2019" report to their offering.
The Global Meta-xylene market to grow at a CAGR of 4.64% over the period 2014-2019.
Meta-xylene is an aromatic isomer of xylene with two methyl groups attached at the meta position of benzene. This aromatic hydrocarbon is produced by a catalyst in processes such as adsorptive separation and moving bed adsorption and crystallization. It is used for various commercial applications, most notably for the production of IPA which is used as a raw material for the production of plastics, chemicals, and paints.
Availability of efficient and advanced recovery processes to obtain high-purity meta-xylene is a positive trend in the market. Advanced recovery processes such as simulated moving bed adsorption and crystallization help the recovering of meta-xylene from mixed xylenes feedstock. These processes offer several distinct advantages such as obtaining high-purity meta-xylene up to 99.5 percent, requirement for less equipment, use of carbon steel metallurgy, extended adsorbent life up to 10 years, and high on-stream factor for reliable operation.
According to the report, increased demand for meta-xylene in emerging economies is one of the major drivers of the market. Isophthalic acid, one of the major end-products of meta-xylene, is used extensively in the Plastics and Painting sectors. The market is expected to experience a steady growth rate because of the growing infrastructure and low costs of raw material and labor.
Further, the report states that lack of diversification in end uses of meta-xylene is a major challenge being faced by the market players. Meta-xylene is mainly used for the production of IPA, which limits its use exclusively for IPA's applications. Growing demand for green packaging and bioplastics has led to a decline in demand for PET from developed regions such as the Americas.
Key Vendors
- BP
- Chevron
- Eastman
- Perstorp
- UOP Honeywell
Other Prominent Vendors
- Conocophillips
- JX Nippon Oil & Energy
- Phillips 66
- Shell Chemicals
For more information visit http://www.researchandmarkets.com/research/269g4g/global
