Xylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Xylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A23333
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Xylene Prices December 2023

Category Region Price
Xylene Feedstock USA 971 USD/MT (m Xylene)
Xylene Feedstock Germany 852 USD/MT (m Xylene)

In December 2023, xylene prices in the United States reached 971 USD/MT, buoyed by increased demand from the polyester and packaging industries and stabilized manufacturing rates facing inventory challenges; however, the shift to bearish procurement rates in the next quarter prompted a price decline.

In December 2023, the price of xylene in Germany reached 852 USD/MT, rising during the third quarter due to tight supply and increased demand from consumer sectors, with further support from escalating production costs due to the limited availability of raw materials.

Xylene Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Xylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of xylene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of xylene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of xylene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing xylene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Xylene Price Trend

Xylene Market Analysis

The global xylene market size reached 51.3 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 74.934 Million Tons, at a projected CAGR of 4.30% during 2023-2032.

  • The augmenting demand for xylene is closely tied to the considerable growth in automotive, construction, and manufacturing sectors, where it is extensively used in paints, coatings, and adhesives.
  • The shift towards lighter, more fuel-efficient vehicles has increased the use of high-performance plastics, which further drives the need for xylene-derived compounds.
  • Technological advancements in xylene production methods have also enhanced efficiency and reduced environmental impact, aligning with the growing regulatory and consumer emphasis on sustainability.
  • The expanding healthcare sector, with its rising need for hygienic and sterile packaging made from xylene derivatives, further drives market growth.
  • The ongoing development of mixed xylene products, which offer tailored solutions for specific industry needs, is creating new market opportunities.
  • As global textile and packaging industries expand, the demand for polyester products escalates, directly impacting xylene consumption. This is particularly evident in Asia-Pacific, where fast-growing economies like China and India are witnessing an increase in polyester production due to increasing consumer demand and industrial growth.
  • Recycling processes are becoming more sophisticated and efficient, allowing industries to maintain an environmentally responsible profile while ensuring the availability of xylene for various applications.
  • Companies are investing in research and development to create bio-based alternatives that meet the performance standards of traditional xylene while aligning with global sustainability goals.
  • Xylene is part of the petrochemicals extracted during the refining process of shale gas, which has become more economically viable and widely practiced, particularly in regions like North America.
  • Innovations in material science continually uncover new uses for xylene, capitalizing on its properties to improve product performance and durability in various industrial applications.
  • Changes in tariffs, trade agreements, and international relations can affect global supply chains and pricing structures for xylene and its derivatives.
  • The global printing industry, which uses xylene-based solvents in printing inks and cleaning solutions, continues to drive demand.
  • Xylene is utilized in pharmaceutical applications, particularly in the purification and extraction processes of drugs due to its effective solvent properties.

Xylene News

The report covers the latest developments, updates, and trends impacting the global xylene market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in xylene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the xylene price trend.

Latest developments in the xylene industry:

  • May 10, 2024: Mitsubishi Gas Chemical Company, Inc. (MGC), headquartered in Chiyoda-ku, Tokyo, under President Masashi Fujii, announces the consolidation of its Eco-Friendly Products into the new brand "Sharebeing," featuring a new logo.
  • January 26, 2024: Merck has entered a 10-year green power purchase agreement with China Resources Power Holdings Co., Ltd., marking its first long-term renewable energy deal in China, expected to cover 300 GWh over ten years, boost its green electricity use to 60%, and cut Scope 2 emissions by 185,000 tons.
  • April 24, 2024: Honeywell announced that its hydrocracking technology now produces sustainable aviation fuel (SAF) from biomass, achieving a 90% reduction in carbon intensity compared to traditional jet fuels.

Product Description

Xylene is a flammable and volatile organic compound in a liquid form that has a sweet smell and is colorless. Chemically, it is a derivative of benzene, with two methyl groups attached to the benzene ring, and primarily exists in three isomeric forms: There are three types of xylenes, namely; ortho-xylene, meta-xylene, and para-xylene. These isomers vary like the methyl groups placed on the benzene ring; their characteristics and uses are also affected. Xylene is obtained through catalytic reforming and the process of coal carbonization to obtain coke fuel. Also, it may be obtained as a co-product of petroleum refining operations. Xylene is one of the most important solvents used in industries because it finds application in many of them.

The suitability of xylene in these uses is attributed to the fact that it is capable of dissolving other components and also volatiles more often with fewer deposits. Also, its use in diluting paints and washing paintbrushes testifies to its usage in production as well as art forms. Therefore, xylene’s versatility and efficiency as a solvent make the chemical invaluable in multiple industries and research.

Regional Coverage

The report provides a detailed analysis of the xylene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the xylene price trend.

Global Xylene Price

The report offers a holistic view of the global xylene pricing trends in the form of xylene price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of xylene but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed xylene demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Xylene Price

In the European market region, the xylene price trends experienced similar volatility throughout 2023. Initially, the prices increased during the third quarter due to a tight supply chain and escalating demand from key consumer sectors such as automotive and construction, which rely heavily on xylene for manufacturing paints and coatings. Additionally, the increase in production costs, driven by a limited supply of raw materials, supported the price uptrend. However, as the year progressed into the last quarter, the economic landscape shifted. Rising inflation and higher interest rates adversely affected consumer confidence, leading to tepid demand for xylene across Europe. Concurrently, supply chain constraints began to ease, and inventory levels rose, contributing to a decrease in xylene prices.

This analysis can be extended to include detailed xylene price information for a comprehensive list of countries.

Region Countries Covered
Europe Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries.

North America Xylene Price

In North America, the xylene market dynamics during the third quarter mirrored the positive trends observed in Europe and Asia, with prices benefiting from stabilized manufacturing rates. This stabilization was largely driven by increased demand from the downstream polyester and packaging industries, which heightened the overall market interest in xylene. Despite facing inventory losses due to ongoing supply chain constraints, the market maintained a positive price trajectory initially. However, the scenario shifted in the following quarter. Supply rates began to normalize as logistical and production bottlenecks eased, leading to increased availability of xylene in the market. This shift, combined with a change in procurement strategies that became more conservative—often described as bearish—led to a downward pressure on xylene prices.

Specific xylene historical data within the United States and Canada can also be provided.

Region Countries Covered
North America United States and Canada

Middle East and Africa Xylene Price

The report explores the xylene pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on xylene prices for countries can also be provided.

Region Countries Covered
Middle East & Africa Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.

Asia Pacific Xylene Price

In the Asia Pacific region, the xylene market experienced a similar trajectory of fluctuations throughout the year. During the third quarter, the market saw an initial increase in xylene prices, largely due to supply constraints and weather-related disruptions which significantly depleted the inventories. The robust demand from key end-user industries, such as automotive, textiles, and construction, which use xylene for producing solvents and as a precursor for synthetic fibers, contributed to this price escalation. However, moving into the later months, the market dynamics turned bearish. The decline in xylene prices during the subsequent quarter was primarily driven by a significant reduction in new orders, coupled with diminished interest from international buyers. Additionally, the economic outlook in the region grew more pessimistic, reflecting broader global economic uncertainties and impacting industrial investment and consumption patterns.

This xylene price analysis can be expanded to include a comprehensive list of countries within the region.

Region Countries Covered
Asia Pacific China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Latin America Xylene Price

The analysis of xylene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Region Countries Covered
Latin America Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.

Report Coverage

Key Attributes Details
Product Name Xylene
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Xylene Price Analysis, and Segment-Wise Assessment.
Currency/Units US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered The current coverage includes analysis at the global and regional levels only. 
Based on your requirements, we can also customize the report and provide specific information for the following countries: 
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* 
North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*

*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers
  • Company Overview
  • Business Description
  • Product Portfolio
  • Recent Trends and Developments
Customization Scope The report can be customized as per the requirements of the customer
Report Price and Purchase Option

Plan A: Monthly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
Post-Sale Analyst Support  360-degree analyst support after report delivery
Delivery Format PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) 

Key Benefits for Stakeholders:

  • IMARC’s report presents a detailed analysis of xylene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
  • The study examines factors affecting xylene price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
  • The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
  • IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The xylene price charts ensure our clients remain at the forefront of the industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Xylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
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