Worldwide Meta Xylene Industry to 2027 - Impact of COVID-19 on the Market
Tuesday, July 14, 2020
DUBLIN, July 6, 2020 /PRNewswire/ -- The "Meta Xylene - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
Amid the COVID-19 crisis and the looming economic recession, the Meta Xylene market worldwide will grow by a projected US$244.4 Million, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 2.9%. Isophthalic Acid Production, one of the segments analyzed and sized in this study, is forecast to grow at over 3% and reach a market size of US$1.1 Billion by the end of the analysis period.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Isophthalic Acid Production market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 1.8% CAGR. Within Europe, Germany will add over US$5.7 Million to the region's size over the next 7 to 8 years. In addition, over US$6.2 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Isophthalic Acid Production segment will reach a market size of US$57.8 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Meta Xylene market.
Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 5.9% over the next couple of years and add approximately US$81.2 Million in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Meta Xylene market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others,
-- Chevron Corporation
-- Compania Espanola de Petroleos SA
-- ConocoPhillips Company
-- Eastman Chemical Company
-- Formosa Chemicals & Fibre Corporation
-- Hanwha Total Petrochemical Co., Ltd.
-- JX Nippon Oil & Energy Corporation
-- Lotte Chemical Corporation
-- Mitsubishi Gas Chemical Co., Inc.
-- Perstorp Holding AB
-- Phillips 66 Company
-- Royal Dutch Shell PLC
-- Total Petrochemicals & Refining USA, Inc.
-- Versalis SpA
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
-- Global Competitor Market Shares
-- Meta Xylene Competitor Market Share Scenario Worldwide (in %): 2019 &
2025
-- Impact of COVID-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Total Companies Profiled: 46
For more information about this report visit https://www.researchandmarkets.com/r/7qdgwd
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
View original content:http://www.prnewswire.com/news-releases/worldwide-meta-xylene-industry-to-2027---impact-of-covid-19-on-the-market-301088316.html
SOURCE Research and Markets
|
|
|
|
JND eDiscovery Receives National Law Journal Hall of Fame Award in Two Categories | Mar 28, 2024
|
|
Trip.com's Global 3.3 Promotion Sees Record Success in Asia and Europe | Mar 28, 2024
|
|
Europe Fibercos and Towercos Market Dynamics Report 2024: Lessons Learned and Key Takeaways for Telcos and Infrastructure Companies | Mar 28, 2024
|
|
China Non-Invasive Prenatal Testing Analysis Report 2024: Testing Volume 2018-2032 and Market Estimation Forecasts 2024-2032 with Focus on Mergers & Acquisitions, Collaborations, and Partnerships | Mar 28, 2024
|
|
Global Highly Potent API (Active Pharmaceutical Ingredient) Industry Research 2023-2033: Advancements in Containment Technologies, and Increasing Investment for Manufacturing Units | Mar 28, 2024
|
|
Exclusive Networks announces a major step in its growth strategy in APAC with NEXTGEN Group acquisition | Mar 28, 2024
|
|
United States Self-Monitoring Blood Glucose Devices Market Research 2023-2032: SMBG Devices and CGM Systems Surge - The Shift from Traditional Blood Glucose Meters | Mar 28, 2024
|
|
"Bleach: Brave Souls" Thousand-Year Blood War Zenith Summons: Reinforcements Featuring Meninas, Rangiku, and Yumichika Begins March 31 Alongside a Spring Festival Campaign | Mar 28, 2024
|
|
Evolution enters Delaware through Rush Street Interactive | Mar 28, 2024
|
|
IDTechEx Discusses the Sustainability of Electric Vehicle Fire Protection Materials | Mar 28, 2024
|
|
|