BTX Market Size Analysis, Drot, Pest, Porter’s, Region & Country Forecast Till 2027

 

Reports and Data estimates the global BTX competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2027 as the forecast period. The report offers CAGR and market size for the global BTX during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include BASF SE, Dow DuPont, ExxonMobil Corporation, China National Petroleum Corporation, Royal Dutch Shell PLC, Borealis AG, Covestro AG, Saudi Basic Industries Corporation, Mitsubishi Gas Chemical Company, Inc., and Reliance Industries Limited, among others.

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BTX Overview :-

BTX aromatic hydrocarbons are typically produced from double hydrogenation of the Raw Pyrolysis Gasoline (RPG) or debutanized aromatic concentration process, deriving from the catalytic reforming of naphtha in the petroleum refinery plant. Most of these hydrocarbons are differentiated on the basis of different isomeric formation owing to its’ different characteristics and properties. Especially, the Xylene aromatic hydrocarbon is categorized into three distinct isomers, such as Ortho-Xylene, Meta-Xylene, and Para-Xylene, which individually occupy a different set of applications.

Global BTX market is projected to drive significantly as the demand for the BTX in various industrial & commercial applications is being propelled substantially. The continuous expansion of the fuel additives, paints & coatings, cleaning agent, foams, and polymeric applications, others are some of its widely used end-usages. Use of these hydrocarbons as the chemical solvent or chemical intermediate in the manufacture of plastics, surfactant, rubber, adhesives, detergent, explosives, lubricants, drugs, and pesticides, to name a few are expected to primarily drive the demand of this market throughout the forecast period. Offline retailing is dominating the market, but the higher growth rate has been forecasted for the online retailing sub-segment.

The Asia Pacific region is projected to retain the highest market share of about 40.9% by 2027.  APAC is forecasted to achieve the fastest growth of 7.0% throughout the forecast period, owing to its extensive demand for phenol, styrene, gasoline, PET synthetic fibers, coupled with the massive growth in the chemical processing and synthesizing especially in China and Indian sub-continental countries.

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For the purpose of this report Reports and Data has segmented global BTX market on the basis of type, application, and region:

Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)

·       Benzene

·       Toluene

·       Xylene

·       Mixed

Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)

·       Online Retailing

·       Offline Retailing

Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)

·       Solvent

·       Additive

End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)

·       Chemical Processing Industries

·       Dye Industries

·       Pharmaceuticals & Consumer Goods

·       Plastics & Synthetic Fibers

·       Others

Key Regional Markets Covered in the Report:

·       North America (U.S.A., Canada, Mexico)

·       Europe (Italy, U.K., Germany, France, Rest of Europe)

·       Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

·       Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

 

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 Key Questions answered by the Report:

·       What is the expected year-on-year growth of the BTX during the forecast period?

·       What key trends are expected influence revenue growth of the market going ahead?

·       Which region is expected to account for largest revenue share over the forecast period?

·       Which key companies are profiled in the report?

 

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