Xylene is an organic compound obtained via coal carbonization and catalytic reforming during the production of coke fuel. Properties of rapid dissolution and quick evaporation can fuel its demand among end-use industries. The global xylene market report by Market Research Future (MRFR) identifies insights and opportunities for the period of 2017 to 2023 (forecast period). It also takes into account the sudden outbreak of the COVID-19 pandemic.
Xylene Market Scope
The global xylene market is expected for a huge windfall over the forecast period owing to its application in industries of automotive, oil & gas, rubber, leather, paints & coatings, textile, chemicals, and others. The use of o-xylene as a solvent in glues, paint thinners, correction fluids, and nail polish removers. The production of polymer resins is projected to fuel the xylene market growth till 2023. Production of p-xylene for development of pure isophthalic acid and polyethylene terephthalate (PET) owing to its use as an intermediate agent can bode well for the market.
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Lithium Hydroxide Market Regional Analysis:
The region-wise analysis reveals various demographic challenges that can be addressed to increase market revenue. The Asia Pacific is leading the movement as the region is witnessing a strong demand for the product due to the booming electrical and electronic industry. The automotive sector in the region is also making significant changes, which can influence changes. India, China, Japan, South Korea, and Thailand are expected to make a substantial contribution in terms of growth.
In North America and Europe, this growth would be guided by countries like France, Germany, the UK, the US, Canada, Italy, and others. All these regions are known for their strong industrial sectors and a move towards sustainable energy to create a better environment.
Lithium Hydroxide Market Competitive Landscape:
The global market for lithium hydroxide is expected to benefit from the contributions made by several top-level companies like SQM (Chile), Albemarle Corporation (U.S.), Tianqi Lithium Corporation (China), FMC Lithium (U.S.), Galaxy Resources Limited (Australia), LITHIUM AMERICAS (Canada.), Jiangxi Ganfeng Lithium Co., Ltd. (China), Nemaska Lithium (Canada), MGX Minerals Inc (Canada), and Wealth Minerals Ltd (Canada). These companies are making a buzz in the market using their strategic moves as a major driving factor for the market. Mergers, collaborations, research and development funding, and other factors are fast-becoming major issues in solidifying the market position of various players and increasing the revenue received from these companies.
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