Market Challenges And Opportunities

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.