Benzene Toluene Xylene Market by Resins Type, End-User, Distribution and Region | Exxon Mobil Corporation, Uop Llc Royal Dutch Shell Plc.,

The Benzene-Toluene-Xylene (BTX) market revenue was 5614 Million USD in 2019, and will reach 7654 Million USD in 2025, with a CAGR of 5.3% during 2020-2025.

Benzene toluene xylene (BTX) is co-product formed during ethylene production process. These aromatic compounds are the main building blocks of essential petrochemical products. BTX are mainly produced from various processes of petrochemical industry which are used in manufacturing of chemicals, intermediates and consumer products such as paints, thinner, rubber product, adhesives, ink, cosmetics and pharmaceutical products.

The research report studies the Benzene Toluene Xylene  Market using different methodologies and analyzers to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market.

Top Key Players in Benzene Toluene Xylene  market: Exxon Mobil Corporation, UOP LLC Royal Dutch Shell Plc., Eastman Chemical Company, BASF-STOCKS-70dc04b4-71c7-40d6-b399-c3163c3ba8c4>BASF SE, LyondellBasell Industries N.V. Chevron Phillips Chemical Company LLC. Ashland Inc. Celanese Corporation, DEZA a. s., Honeywell UOP, Huntsman Corporation , INEOS AG, Oil Refineries Ltd., and Petrochem Carless

Regional Analysis:

The market research report on the global Benzene Toluene Xylene market offers complete analysis across various regions around the globe. The report contains detailed country-level analysis, market revenue, market value and forecast analysis for the following countries and regions: Geographically, the comprehensive analysis of ingestion, revenue and Market share and growth speed, historical and forecast (2021-2027) of these regions are covered.

Asia-Pacific is the largest, and fastest-growing market

Asia-Pacific is expected to be the largest region in the Benzene Toluene Xylene market. BTX is used as a polyester for the manufacturing of rubber, leather, as well as in textiles. Major manufacturers are now shifting their production units to the emerging economies of Asia Pacific and Latin America in order to capitalize on major economies of scale in these regions. The low feedstock cost and increasing industrialization in Asia Pacific are the major factors positioning it as the largest and fastest growing market for BTX. Also, benzene is majorly used in the production of SBR and polycarbonates.

Key takeaways of the market

• In July 2019, Hyundai Chemical, a 60:40 joint venture between Hyundai Oilbank & Lotte Chemical, expanded production capacity of xylene from 1.2 million tons per year to 1.4 million tons per year. Also, the production capacity of paraxylene would be increased to 1.36 million tons per year from 1.18 million tons per year.
• In August 2018, Idemitsu Kosan Co., Ltd started production of mixed xylene at Aichi refinery. The addition of production capacity of 170 kilo tons per year was done to deal with supply demand changes that take place in petroleum product & petrochemical raw material.
• In May 2017, Lotte Chemical invested US$ 3.2 million to increase production capacity of meta-xylene & polycarbonate to 360 kilo tons per year and 210 kilo Tons per year respectively in South Korea. This investment was done to meet increasing demand for chemicals used in the manufacturing of automotive parts & plastic bottles.

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