Paraxylene Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2016 – 2025

Global Paraxylene Market size is projected to be valued $79 Billion by 2024; with a CAGR of 9.6% from 2017 to 2025. Paraxylene (PX) is primarily utilized in the production of purified terephthalic acid (PTA) and dimethyl terephthalate (DMT). Ii is also used for the production of fiber, film, and bottle resins. These products are used in polyester manufacturing. Technological advancements have enabled the development of new process and reconfigure the aromatics complex to increase production capacity.

Increasing demand for polyesters, growing application segments, increased conservation efficiency, and low manufacturing cost are the key factors driving the growth of the global paraxylene market. However, increasing popularity of bio-based products, and complex formation process could be a major hindrance for the market growth. Furthermore, technological advancements and market expansion would create growth opportunities in coming years.

The global paraxylene market is segmented as end user, application, and geography. End user includes packaging, polyester fiber, and other end users. Application is bifurcated as purified terephthalic acid (PTA), dimethyl-terephthalate (DMT), di-paraxylene (DI-PX), and other applications.

Based on geographical analysis, paraxylene market is segmented into North America, Europe, Asia-Pacific, Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Germany, Italy, France, and rest of Europe. Asia-Pacific is segmented into China, India, Japan, South Korea, and rest of Asia-Pacific, while RoW is bifurcated into South America, Middle East, and Africa.

The key market players includes Reliance Industries Ltd., Teijin Fibers, S-Oil Corporation, CNOOC Limited, BASF SE, Toray Industries Inc., British Petroleum PLC, ONGC, JX Nippon Oil & Energy Corp., and Chevron Phillips Chemical Company LLC, among others.

The report covers

• The detailed analysis of Paraxylene Market with respect to key segments such as end user, and application has been included in the report
• The report comprises the qualitative and quantitative analysis of the market with market estimation over 2016 – 2025 and CAGR between 2017 and 2025
• Comprehensive analysis of market dynamics including growth factors, restraining factors and opportunities will be provided in the report
• An exhaustive regional and country wise analysis of Paraxylene Market has been covered in the report
• Profile of the major key players operating in the Paraxylene Market will be provided, with detailed study on their key financials, product & services, new developments and business strategies

Scope of the Global Paraxylene Market

End User Segments

• Packaging
• Polyester Fiber
• Other End Users

Application Segments

• Purified Terephthalic Acid (PTA)
• Dimethyl-Terephthalate (DMT)
• Di-Paraxylene (DI-PX)
• Other Applications

Geography Segments

• North America
• U.S.
• Canada
• Mexico

• Europe
• UK
• Germany
• France
• Italy
• Others

• Asia-Pacific
• China
• Japan
• India
• South Korea
• Others
• RoW
• South America
• Middle East
• Africa