Mitsubishi Gas Chemical to Resume the Operation of Meta-Xylene Plant in Japan

Mitsubishi Gas Chemical has announced the reactivation of meta-xylene plant in Japan in March 2017

Japan: Mitsubishi Gas Chemical Company Inc., a Tokyo based company, announced that it would resume the operation of a production line of meta-xylene (MX) in March 2017, which had been shut down since November 2013 by the company. The shutdown of the equipment had adversely affected the supply and demand balance for meta-xylene. The meta-xylene production equipment comprises of two production lines with a total annual capacity of 220,000 ton, of which the resumed meta-xylene production line has an annual capacity of 70,000 tons. 

TechSci Research depicts that the reactivation of the meta-xylene plant of Mitsubishi Gas Chemical Company in Japan would relax the tightened supply and demand balance for MX across the globe. Moreover, it would augment the manufacturing capacity of the existing MX production line with an annual capacity of 150,000 tons to 220,000 ton by March, 2017. Further, robust demand for MX in Purified isophthalic acid (PIA) and leather industries is expected to steer the growth of MX market across the globe.

According to the recently published report by TechSci Research, “India Leather Chemicals Market Forecast and Opportunities, 2020”, the country’s leather chemicals market is expected to cross USD700 million by 2020. The leather chemicals market in the country is anticipated to grow on account of high demand for basic chemicals in beamhouse operations and increasing adoption of specialty chemicals in leather finishing. Moreover, increasing focus on complying with government norms is one of the major factors boosting the demand for leather chemicals.