Reportstack has announced a new market research report on the Global Meta-xylene Market 2015-2019. Availability of efficient and advanced recovery processes to obtain high-purity meta-xylene is a positive trend in the market. Advanced recovery processes such as simulated moving bed adsorption and crystallization help the recovering of meta-xylene from mixed xylenes feedstock. These processes offer several distinct advantages such as obtaining high-purity meta-xylene up to 99.5 percent, requirement for less equipment, use of carbon steel metallurgy, extended adsorbent life up to 10 years, and high on-stream factor for reliable operation. The Global Meta-xylene market is expected to grow at a CAGR of 4.64 percent during the forecast period of 2014-2019.
Demand for meta-xylene is expected to increase further with industrial growth and low labor and operating costs. Moreover, companies have begun innovating technologies to produce chemicals at low prices, resulting in increased competition. This has further improved the quality of chemical products such as meta-xylene along with improved productivity.
“Global meta-xylene manufacturers have started making plans to increase their meta-xylene capacities because of the expected rapid increase in consumption of meta-xylene in emerging economies in the APAC region,”.
“Low costs of raw materials and labor in these regions will result in reduced operating costs, thus favoring market growth with increased capacity.”
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
Complete report with TOC available @ Global Meta-xylene Market 2015-2019.