Benzene Toluene Xylene Market

Benzene Toluene Xylene Market - Global Industry Insight,
Trends, Opportunity Analysis 2018-2026
Benzene toluene xylene (BTX) is co-product formed during ethylene production
process. These aromatic compounds are the main building blocks of essential
petrochemical products. BTX are mainly produced from various processes of
petrochemical industry which are used in manufacturing of chemicals,
intermediates and consumer products such as paints, thinner, rubber product,
adhesives, ink, cosmetics and pharmaceutical products. Benzene Toluene
Xylene are present naturally in gasoline and also used as additives in gasoline.
BTX are also used as additives in various simulation fluids to improve the flow
of hydrocarbon during production.
The cost of feedstock is considered to be the largest cost in the petrochemical
industry. The estimated cost of feedstock to produce BTX accounts for 40-50%
of total costs. Catalytic reforming represents the main source for aromatics,
accounting for over half of the global production volume. Steam cracking of
naphtha is the second main petrochemical source for aromatics. Thirdly,
coke-oven light oil (COLO) represents an emerging source for aromatics from
coal processing into coke.
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Benzene Toluene Xylene Market Challenge – Environmental Impact
Volatile organic compound content is one of the most commonly used terms in
the solvent industry. Benzene Toluene Xylene is classified as an artificial VOC
source, which lead to major health disorder and are strictly directed by stringent
government regulations. Moreover, due to stringent government regulation on
release of VOC emission to the atmosphere, end-use industries are actively
opting for alternative to organic solvents and dispersing media.
There are various organic and inorganic growth strategies being followed by
major players. For instance, China’s CNOOC Ningbo Daxie Petrochemical has
announced a new 1.6 million MT/year para xylene plant at Ningbo, which is
expected to be commissioned by 2018.
The major players in the benzene toluene xylene market are Exxon Mobil
Corporation, UOP LLC Royal Dutch Shell Plc., Eastman Chemical Company,
BASF SE, LyondellBasell Industries N.V. Chevron Phillips Chemical
Company LLC. Ashland Inc. Celanese Corporation, DEZA a. s., Honeywell
UOP, Huntsman Corporation , INEOS AG, Oil Refineries Ltd., and Petrochem
Carless
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Benzene Toluene Xylene Market report categorizes global market by process, feedstock, Derivative, and end-user - Global Industry Insight, Trends, Size, Share, Outlook, and Opportunity Analysis 2017-2025

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