Global Meta-Xylene Market Size, Trends and Growth Opportunity, By Type (Sorbex, UOP, and Others), By Application (Isophthalic Acid, 2, 4- and 2, 6-xylidine, Solvents, and Other Application), By End User (Construction, Packaging, Automotive, and Aerospace), By Region and forecast till 2027.

Global Meta-Xylene Market Size, Trends and Growth Opportunity, By Type (Sorbex, UOP, and Others), By Application (Isophthalic Acid, 2, 4- and 2, 6-xylidine, Solvents, and Other Application), By End User (Construction, Packaging, Automotive, and Aerospace), By Region and forecast till 2027.

Global Meta-Xylene Market
Global Meta-Xylene Market was valued at USD 1,236 million in 2021and is slated to reach at USD1311.78million by 2027 at a CAGR of 3.85% from 2022-2027.

Xylene is a colourless, volatile liquid hydrocarbon derived from wood, coal, and petroleum. Para-xylene and ortho-xylene are isomers of meta-xylene. It is an aromatic hydrocarbon having two methyl substituents linked to the benzene ring's meta locations. It is commonly used in the manufacture of 1, 3-Dimethylbenzene, Isophthalic acid, 1, 3-xylene, m-xylol, and m-dimethylbenzene, among other things.

Market Drivers
The demand for meta-xylene is predicted to increase due to its widespread use in the production of isophthalic acid. It is also projected that increased use of isophthalic acid in architectural and aerospace coatings will accelerate market growth for meta-xylene. The demand for isophthalic acid is rising as a result of the building industry's increased use of paints and coatings. In turn, this is accelerating the expansion of the meta-xylene market. Accordingly, it is projected that over the projection period, high isophthalic acid consumption and rising demand for sealants and adhesives in end-use industries would play a significant role in the meta-xylene market. The producers of meta-xylene are putting a lot of effort into expanding their production capabilities. The key market participants in the meta-xylene industry are making investments in new plant construction and boosting the capacity of already existing facilities. In order to generate the precursor to polyethylene terephthalate, p-xylene, Origin Materials, a US-based chemicals company, has opened its second plant in Geismar. In addition, Iran will begin building a brand-new refinery, named Shahid Soleimani, with a capacity of 300,000 b/d. This refinery is expected to produce ethylene, propylene, and paraxylene in addition to jet fuel, gasoline, diesel, and fuel oil. Five years from now, this project will be finished.

Market Restraints
Meta-xylene has a number of risky and detrimental impacts, including: Meta-xylene poses a significant threat to both the environment and human health. A substantial quantity of xylene that has leaked into the ground from a landfill, a site for hazardous waste, or accidentally spilled may permeate the ground and contaminate drinking water wells. Exposure to meta-xylene may result in migraines, nauseousness, and vomiting. This negative risk is therefore the main and biggest barrier to the market's growth.

Impact of COVID-19
The Covid-19 pandemic has had a significant influence on all industries globally, including manufacturing, distribution, and many others. Additionally, a lack of feedstock put petrochemical product makers in a difficult condition, which decreased product output. In the rubber, printing, and leather sectors, meta-xylenes are employed as solvents; however, because of stringent government regulations, the meta-xylene market suffered during the epidemic.The demand for meta-xylene derivatives, such as dimethyl terephthalate, pure terephthalate acid, and polyethylene terephthalate, is, however, being positively impacted by the increased use of face shields, transparent masks, food, and e-commerce packaging. These elements increased the need for meta-xylene during pandemics. In the post-pandemic period, it is anticipated that exports of meta-xylene will gradually rise.

Market Segmentation
Global Meta-Xylene Market is segmented into Type, Application, and End-User. By Type such as Sorbex, UOP, and Others. By Application such as Isophthalic Acid, 2, 4- and 2, 6-xylidine, Solvents, and Other Application. By End-User such as Construction, Packaging, Automotive, and Aerospace.

Regional Analysis
Global Meta-Xylene Market is segmented intofive regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific is predicted to lead the meta-xylene market in terms of revenue growth and market share Because of the large-scale production of polyethylene terephthalate (PET) plastic. Furthermore, significant increases in m-xylene manufacturing capacity by major market participants, as well as rising consumption of carbonated alcoholic beverages and soft drinks, will drive market expansion. North America is estimated to be the fastest growing region during the forecast period of 2023-2030, owing to a significant increase in demand for xylene products in the region's paints and coatings, automotive, and other industries.

Key Players
This report includes a list of numerous Key Players, namelyShell Plc. (U.K.), Chevron Phillips Chemical, Company LLC. (U.S.), BP PLC (U.K.), Thermo Fisher Scientific (U.S.), Merck KGaA (Germany), Perstorp (Sweden), Exxon Mobil Corporation (U.S.), Parchem fine & specialty chemicals (U.S.), Braskem (Brazil), Honeywell International Inc. (U.S.), Sulzer Ltd (Switzerland).

Market Taxonomy
By Type
• Sorbex
• UOP
• Others

By Application
• Isophthalic Acid
• 2, 4- and 2, 6-xylidine
• Solvents
• Other Application

By End User                                
• Construction
• Packaging
• Automotive
• Aerospace

By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Key Question Addressed by the Report
• What are the Key Opportunities in Global Meta-Xylene Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?