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Published by Coherent Market Insights
Posted on October 11, 2021
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
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Benzene Toluene Xylene market by Resins Type, End-user, Distribution and Region | Exxon Mobil Corporation, UOP LLC Royal Dutch Shell Plc., appeared first on Gatorledger.
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
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Benzene Toluene Xylene market by Resins Type, End-user, Distribution and Region | Exxon Mobil Corporation, UOP LLC Royal Dutch Shell Plc., appeared first on Gatorledger.
