Xylene Market Report 2025

The xylene market size has grown strongly in recent years. It will grow from $225.93 billion in 2024 to $241.48 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to the paints and coatings industry, adhesive and sealant applications, expanding printing industry, polymer production, and textile industry demand.

The xylene market size is expected to see strong growth in the next few years. It will grow to $311.11 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to green and sustainable alternatives, bio-based solvents, increased infrastructure projects, electronic industry expansion, and stricter regulations. Major trends in the forecast period include technological advancements in formulations, the shift towards bio-based xylene production, increased demand from end-use industries, a focus on recycling and circular economy, and technological innovations in xylene production.

The global increase in paraxylene demand is a significant driver for the growth of the xylene market. Paraxylene, an isomer of xylene, plays a crucial role in the production of polyethylene terephthalate (PET), which finds applications in various industries such as beverage packaging, consumer goods, sheets & films, food packaging, automotive, and construction. The rising need for packaging materials, particularly PET, has led to an upsurge in demand for paraxylene, prompting the establishment of new production plants. For example, as reported by Jinlianchuang, a Chinese provider of digital and intelligent services for bulk commodities, China is expected to operate six paraxylene units in 2022, with a production capacity of 11.89 million tons/year, reflecting a 41.3% increase. This expanded production capacity aims to meet the growing demand for paraxylene, consequently propelling the xylene market.

The increasing use of gasoline is poised to drive the future growth of the xylene market. Gasoline, derived from petroleum, is a mixture of combustible liquid hydrocarbons utilized as fuel for internal combustion engines. Xylene serves as a blending agent in gasoline, enhancing its performance and raising the octane rating. As reported by the Energy Information Administration, Americans consumed approximately 135.73 billion gallons of finished motor petrol and 0.19 billion gallons of finished aviation petrol in 2022. This upsurge in gasoline usage contributes significantly to the growth of the xylene market.

Manufacturers in the xylene market are concentrating on expanding their production capabilities. Key players in the industry are making substantial investments to augment the capacities of existing facilities and establish new plants. An example of this trend is seen in February 2022 when Origin Materials, a US-based chemicals company, inaugurated its second plant in Geismar, Louisiana, with a focus on producing polyethylene terephthalate precursor p-xylene. Furthermore, in 2022, Iran is set to commence the construction of a new 300,000 b/d refinery named Shahid Soleimani. This facility is anticipated to produce propylene, ethylene, paraxylene, as well as gasoline, diesel, jet fuel, and fuel oil. The project is slated for completion within the next 5 years.

Major companies actively involved in the xylene market are directing their efforts toward developing innovative products, including p-xylene compounds, to deliver dependable services to their customers. P-xylene compounds are characterized by the presence of the p-xylene group, consisting of two methyl groups (CH3) attached to a benzene ring (C6H6) at the para positions, which are opposite each other on the ring. A case in point is Chiyoda Corporation, a Japan-based construction engineering company, which announced the Mass Balance Approach5 in March 2023 for producing and purifying p-Xylene from CO2. Chiyoda's technology involves a two-step process where CO2 is converted to methanol using hydrogen, and the methanol is subsequently transformed into p-Xylene using a catalyst. This approach enables the market to benefit from reduced CO2 emissions by incorporating p-Xylene made from CO2 into the traditional p-Xylene supply chain.

Major companies operating in the xylene market include Saudi Arabian Oil Co., China Petroleum & Chemical Corporation, ExxonMobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, BP plc, Indian Oil Corporation Ltd., Koch Industries Inc., ENEOS Corporation, Reliance Industries Ltd., BASF SE, Dow Inc., LG Chem Ltd., Honeywell International Inc., S-Oil Corporation, US Petrochemical Industries Inc., Merck KGaA, TORAY INDUSTRIES Inc., Braskem S.A., SK global chemical Co. Ltd., JX Nippon Oil and Energy Corporation, Mitsubishi Gas Chemical Company lnc., Chevron Phillips Chemical Company LLC, Formosa Plastics Corporation, Huntsman Corporation, Tosoh Corporation, INEOS Mangalore Refinery & Petrochemicals Ltd., UOP LLC, Samsung Total Petrochemicals Co.Ltd., Fujan Refining & Petrochemical Company Limited, Westlake Chemical Corporation, YPF S.A., Zhejiang Juhua Co. Ltd., LyondellBasell Industries Holdings B.V., Marathon Petroleum Corporation, Mitsui Chemicals Inc., Nan Ya Plastics Corporation, PTT Global Chemical Public Company Limited, Saudi Basic Industries Corporation (SABIC)

Asia-Pacific was the largest region in the xylene market in 2024. Middle East was the second-largest region in the global xylene market share. The regions covered in the xylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the xylene market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The xylene market consists of the sales of xylene used as a cleaning agent, paint thinner and remover, varnish, airplane fuel, gasoline, rust preventatives, pesticides, and lacquers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Xylene is a chemical compound comprised of isomers derived from refined petroleum or liquid hydrocarbons, and it can also be naturally found in petroleum and coal tar. This colorless, insoluble, and flammable liquid possesses a sweet odor.

The primary types of xylenes include ortho-xylene, meta-xylene, para-xylene, and mixed xylene. Ortho-xylene is a clear, colorless, poisonous, and flammable liquid with the chemical formula C8H10. It serves as the ortho isomer of xylene and is predominantly utilized in the synthesis of phthalic anhydride. Applications of xylenes span various industries such as automotive, textile, chemical, oil and gas, leather, paints and coatings, and rubber. These chemicals find use in end-user sectors such as plastics and polymers, paints and coatings, adhesives, and others.

The xylene market research report is one of a series of new reports that provides xylene market statistics, including xylene industry global market size, regional shares, competitors with a xylene market share, detailed xylene market segments, market trends and opportunities, and any further data you may need to thrive in the xylene industry. This xylene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.