BENZENE TOLUENE XYLENE MARKET ANALYSIS

Regional Analysis

Asia-Pacific is the largest, and fastest-growing market

Asia-Pacific is expected to be the largest region in the Benzene Toluene Xylene market. BTX is used as a polyester for the manufacturing of rubber, leather, as well as in textiles. Major manufacturers are now shifting their production units to the emerging economies of Asia Pacific and Latin America in order to capitalize on major economies of scale in these regions. The low feedstock cost and increasing industrialization in Asia Pacific are the major factors positioning it as the largest and fastest growing market for BTX. Also, benzene is majorly used in the production of SBR and polycarbonates. Thus, the growing automotive and construction industry in Asia-Pacific region is fueling growth of SBR and polycarbonates, which in turn is augmenting growth of benzene toluene xylene market. In North America, the availability of abundant and cheap raw material from exploiting shale gas reserves is expected to lend major growth traction to the petrochemical industry, which in turn will augment growth of the BTX market in the region.