Increased Industrial and Manufacturing Demand Affects Meta-Xylene Market
2023/8/7
Distribution of m-xylene imports
Meta-xylene (o-xylene) is an organic compound and belongs to one of the isomers of xylene. In its chemical structure, two methyl groups are respectively attached to the ortho position of the benzene ring. Meta-xylene has a variety of applications in the chemical industry, mainly for organic synthesis, solvents, and chemical manufacturing. It has a wide range of applications and is used in medicine, resins, dyes, pesticides and other fields, and the market demand is high.
According to relevant market analysis data of the m-xylene industry, the overseas developed countries represented by the United States have laid out in the m-xylene field earlier, and the current production technology is leading, and the product quality is good, which can meet the application needs of different downstream fields. There are few m-xylene producers in my country, and the output cannot meet market demand. Therefore, my country's m-xylene imports have fluctuated and increased in the past five years, from 11,000 tons in 2017 to 55,000 tons in 2021. With the increase in import volume, the import value of m-xylene in my country has also increased, from 10 million US dollars in 2017 to 60 million US dollars in 2021.
Analysis of the m-xylene industry market From the point of view of importing regions, my country's m-xylene mainly comes from Asia, China's Taiwan region accounts for a relatively high proportion, reaching about 42%, followed by South Korea, accounting for 32%, and Japan accounting for 26%. In terms of import demand, my country's m-xylene import provinces are mainly concentrated in Jiangsu and Zhejiang, accounting for 59% and 40% respectively. The downstream application range of m-xylene is relatively wide, benefiting from the promotion of downstream industries, the market demand for m-xylene has shown an increasing trend in recent years, attracting many enterprises to deploy in this field. By 2022, the number of m-xylene-related enterprises in my country will reach more than 2,300.
Market demand analysis of m-xylene
Manufacturing of plastics and resins: m-xylene is one of the important raw materials for the production of phthalic anhydride, which is mainly used in the production of plastics and resins. The application of m-xylene in plastic and resin manufacturing is likely to affect the market demand as the demand for plastic manufacturing increases globally.
Paint and dye industry: m-xylene is also used in the production of certain pigments and dyes. These pigments and dyes are widely used in coatings, inks, dyes and other industries. The development of the coatings and dyes industry will affect the demand for m-xylene.
Chemical synthesis: Meta-xylene is used as an intermediate in chemical synthesis for the preparation of various compounds. This may include pharmaceuticals, fragrances, chemicals, etc., and the demand in these areas will also have an impact on the meta-xylene market.
Economic growth: With the growth of the global economy, the demand of industry and manufacturing industry may increase, thereby affecting the market demand of m-xylene. The increase in industrial usage is likely to drive the growth in demand for chemical raw materials.
Environmental protection and sustainability trends: As environmental protection and sustainability concerns increase, so does the demand for renewable raw materials and environmentally friendly products. This may affect market demand for some traditional chemicals, including m-xylene.
Overall, the market demand for m-xylene is affected by the economy, new technology and industrial demand. The market demand for m-xylene is affected by multiple factors. Market demand may vary due to the development of different regions and different application fields.
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