The Latin America, Middle East and Africa Xylene Market would witness market growth of 9.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 2,872.6 Kilo Tonnes, showcasing a growth of 8.9% (2023-2030).
With the healthcare industry's continued growth, the demand for xylene as a tissue-clearing agent remains strong. Additionally, innovations in histopathology are influencing the development of safer xylene substitutes. Manufacturers are increasingly adopting sustainable practices, including energy-efficient processes and waste reduction, to mitigate the environmental impact of xylene production.
In addition, innovations in xylene production methods are pivotal in meeting the evolving demands of various industries and addressing environmental concerns. These innovations aim to improve efficiency, reduce emissions, and enhance the sustainability of xylene manufacturing. Developing advanced catalytic processes for xylene isomerization enables more efficient conversion of one xylene isomer to another. This reduces waste and improves isomer purity. Advancements in biotechnology enable the production of bio-based xylene from renewable feedstocks. This approach aligns with sustainability goals and reduces the carbon footprint of xylene production.
As per the data provided by the International Trade Administration in 2021, the Ruwais Derivatives Park is a fast-growing industrial hub for the chemical derivatives sector in the Emirate of Abu Dhabi in the United Arab Emirates (UAE). The Park is intended to grow into the largest integrated refinery and petrochemical complex in the world. It is situated within the long-standing refining and petrochemicals cluster of Abu Dhabi National Oil Company (ADNOC) in Ruwais. Phase 1 alone was expected to be worth more than $5 billion. Thus, the rising investments in the construction and petrochemical sectors in the LAMEA region will boost the demand for xylene in the region.
The Brazil market dominated the LAMEA Xylene Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,200.9 Million by 2030. The Argentina market is showcasing a CAGR of 10.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 10.1% during (2023 - 2030).
Based on Additives, the market is segmented into Solvents, Monomers, and Others. Based on Type, the market is segmented into Mixed Xylene, Ortho-Xylene, Meta-Xylene, and Para-Xylene. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Reliance Industries Limited, INEOS Group Holdings S.A., Mitsubishi Chemical Holdings Corporation, Sinochem Holdings Corporation Ltd (SASAC), Eastman Chemical Company, Honeywell International, Inc., Saudi Arabian Oil Company, Shell plc, Exxon Mobil Corporation, and Chevron Phillips Chemical Company LLC.
With the healthcare industry's continued growth, the demand for xylene as a tissue-clearing agent remains strong. Additionally, innovations in histopathology are influencing the development of safer xylene substitutes. Manufacturers are increasingly adopting sustainable practices, including energy-efficient processes and waste reduction, to mitigate the environmental impact of xylene production.
In addition, innovations in xylene production methods are pivotal in meeting the evolving demands of various industries and addressing environmental concerns. These innovations aim to improve efficiency, reduce emissions, and enhance the sustainability of xylene manufacturing. Developing advanced catalytic processes for xylene isomerization enables more efficient conversion of one xylene isomer to another. This reduces waste and improves isomer purity. Advancements in biotechnology enable the production of bio-based xylene from renewable feedstocks. This approach aligns with sustainability goals and reduces the carbon footprint of xylene production.
As per the data provided by the International Trade Administration in 2021, the Ruwais Derivatives Park is a fast-growing industrial hub for the chemical derivatives sector in the Emirate of Abu Dhabi in the United Arab Emirates (UAE). The Park is intended to grow into the largest integrated refinery and petrochemical complex in the world. It is situated within the long-standing refining and petrochemicals cluster of Abu Dhabi National Oil Company (ADNOC) in Ruwais. Phase 1 alone was expected to be worth more than $5 billion. Thus, the rising investments in the construction and petrochemical sectors in the LAMEA region will boost the demand for xylene in the region.
The Brazil market dominated the LAMEA Xylene Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,200.9 Million by 2030. The Argentina market is showcasing a CAGR of 10.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 10.1% during (2023 - 2030).
Based on Additives, the market is segmented into Solvents, Monomers, and Others. Based on Type, the market is segmented into Mixed Xylene, Ortho-Xylene, Meta-Xylene, and Para-Xylene. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Reliance Industries Limited, INEOS Group Holdings S.A., Mitsubishi Chemical Holdings Corporation, Sinochem Holdings Corporation Ltd (SASAC), Eastman Chemical Company, Honeywell International, Inc., Saudi Arabian Oil Company, Shell plc, Exxon Mobil Corporation, and Chevron Phillips Chemical Company LLC.
Scope of the Study
Market Segments Covered in the Report:
By Additives (Volume, Kilo Tonnes, USD Million, 2019-2030)- Solvents
- Monomers
- Others
- Mixed Xylene
- Ortho-Xylene
- Meta-Xylene
- Para-Xylene
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Reliance Industries Limited
- INEOS Group Holdings S.A.
- Mitsubishi Chemical Holdings Corporation
- Sinochem Holdings Corporation Ltd (SASAC)
- Eastman Chemical Company
- Honeywell International, Inc.
- Saudi Arabian Oil Company
- Shell plc
- Exxon Mobil Corporation
- Chevron Phillips Chemical Company LLC
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. LAMEA Xylene Market, by Additives
Chapter 6. LAMEA Xylene Market, by Type
Chapter 7. LAMEA Xylene Market, by Country
Chapter 8. Company Profiles
Companies Mentioned
- Reliance Industries Limited
- INEOS Group Holdings S.A.
- Mitsubishi Chemical Holdings Corporation
- Sinochem Holdings Corporation Ltd (SASAC)
- Eastman Chemical Company
- Honeywell International, Inc.
- Saudi Arabian Oil Company
- Shell plc
- Exxon Mobil Corporation
- Chevron Phillips Chemical Company LLC
Methodology
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