Bulgaria, August 19,2019- According to a recently published report about the North American xylenes market, it was equal to 4.793 million tons in 2013. The largest country market within the region was the United States, which in 2013 accounted for a share of 89% of the total in volume terms. Until 2023, the North American market is forecast to reach around 5.7 million tons, thus growing at a CAGR of about 5.6% per annum in the period 2018-2023. This is a significant increase, compared to the decline at a CAGR of around 4% per year, registered in 2013-2017.

The analytical research projects that the North American production of xylenes is likely to grow to around 5.7 million tons in the medium term. Upward dynamics of the overall installed production capacities in the region and their annual average utilization rates are expected. In addition, the market is forecast to remain relatively balanced in terms of supply and demand, also showing moderately upwards dynamics in the medium term.

In recent years, the growing considerations over the sustainability in combination with the enforced governmental and environmental regulations have prompted the development of the bio-based chemicals and materials. In fact, the extensive use of bio-based plastics is one of the leading trends on the market. As a result, the bio-based paraxylene is gaining popularity on the market. Another important trend is linked with the demand-supply gap in the paraxylene market. Over the past few years, the gap broadened due to the increasing application of paraxylene in various other applications such as PET bottles. At the same time, however, because of the complicated manufacturing process associated with paraxylene, the production was tight with a limited number of manufacturers.

As an overall, the report presents a strategic analysis of the xylenes market in North America and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, production capacities, trends, prices, production, imports, exports, growth and demand drivers, and all other important factors, influencing its development. The report focuses on both product and country breakdown, offering a larger perspective on the regional market dynamics as well as information on each individual country within the region.

The research report has been prepared using the unique Williams and Marshall Strategy’s methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. This report will allow its readers to quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market and to track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future. In addition, the readers will be able to strategically assess the competitive position of the main market players, explore and identify new market opportunities in the countries within the region, recognize key market trends, opportunities and threats and key drivers behind recent market changes as well as strategically evaluate market growth potential.

The report includes information on the following companies:

• Andeavor;

• BP Chemicals;

• Chalmette Refinery;

• Chevron Phillips Chemical;

• Citgo Refining and Chemicals Company;

• ExxonMobil Chemical;

• Flint Hills Resources;

• Houston Refining;

• Marathon Petroleum Corporation;

• Phillips 66 (New);

• Shell Chemicals;

• Toledo Refining;

• Total Petrochemicals;

• Valero Refining;

• Imperial Oil Ltd;

• Parachem Chemicals;

• Suncor Energy Inc.;

• Pemex Petroquimica.