Global Paraxylene Market Industry Analysis and Forecast (2018-2026)
Global Paraxylene Market was valued US$42 Bn. in 2017 and is estimated to reach US$90 Bn. by 2026 at a CAGR of 10 %.
The report on paraxylene market is segmented by end use, by application and by region. Based on end use market is segmented into plastic Industry, Textile industry and others. In terms of application into purified terephthalic acid (PTA) and dimethyl terephthalate (DMT) and others. Region wise into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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Rapid demand of polyester fabric is a major market driver. Two third of the paraxylene produced is utilised in polyester fabric Applicationion. Purified terephthalic acid (PTA) in polyester Applicationion process is projected to uplift the paraxylene market at greater extent. High demand for PET and low cost and superior physical properties of PET, compared to natural fibers. Bio-based paraxylene is gaining popularity due to trend of bioplastic.
Paraxylene Market
Purified terephthalic acid segment is dominating the paraxylene market. Purified terephthalic acid grabs 90% share of market. Purified terephthalic acid is being used mainly for Applicationion of polyester fabric and polyester resin. Paraxylene is used as raw material for synthesis of Dimethyl Terephthalate.
Textile industry is dominating the market. Textile industry accounted for two third share of market. Paraxylene is mainly used in textile market for polyester fabric Applicationion. In plastic industry paraxylene is used for polyester fabrication. Plastic industry segment is predicted to grow at high CAGR owing to polymer demand from various sector across globe.
Asia Pacific is the largest market for paraxylene holding about 90 percent of share. Europe and North America followed Asia Pacific. Industrialization led by emerging countries of Asia Pacific will continue the growth of Asia Pacific throughout the forecast period. Europe and North America is anticipated to register a moderate growth.
JX Nippon Oil & Energy Corp., Reliance Industries Ltd., CNPC, S-Oil, FCFC, Dragon, GS Caltex, ONGC, Orpic, ExxonMobil, Dalian Fujia Dahua, Toyo, Pertamina, and Teijin Fibers, Jurong Aromatics Corp., KPPC, China National Offshore Oil Corporation (CNOOC), Lotte KP Chemical, PTT, Yanbu Aramco Sinopec Refining Company Ltd., Toyo, Pertamina, and Teijin Fibers, British Petroleum (BP), JX Nippon Oil & Energy, Reliance Industries, ExxonMobil, BASF, Braskem, Chevron Phillips Chemical, Dragon Aromatics, Fujian Refining & Petrochemical, Toray Industries, Pemex, Kuwait Paraxylene Applicationion, and Samsung Total Petrochemicals are key players of paraxylene market.
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Scope of the Paraxylene Market
Paraxylene Market By Application:
• Purified Terephthalic Acid
• Dimethyl Terephthalate
• Others
Paraxylene Market By End-Use:
• Plastic Industry
• Textile Industry
• Others
Paraxylene Market By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
Key Players in the Paraxylene Market:
• JX Nippon Oil & Energy Corp.
• Reliance Industries Ltd.
• CNPC
• S-Oil
• FCFC
• Dragon
• GS Caltex
• ONGC
• Orpic
• ExxonMobil
• Dalian Fujia Dahua
• Toyo
• Pertamina
• Teijin Fibers
• British Petroleum (BP)
• JX Nippon Oil & Energy
• Reliance Industries
• ExxonMobil
• BASF
• Braskem
• Chevron Phillips Chemical
• Dragon Aromatics
• Fujian Refining & Petrochemical
• Toray Industries
• Pemex
• Kuwait Paraxylene Applicationion
• Samsung Total Petrochemicals
MAJOR TOC OF THE REPORT
Chapter One: Paraxylene Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Paraxylene Market Competition, by Players
Chapter Four: Global Paraxylene Market Size by Regions
Chapter Five: North America Paraxylene Revenue by Countries
Chapter Six: Europe Paraxylene Revenue by Countries
Chapter Seven: Asia-Pacific Paraxylene Revenue by Countries
Chapter Eight: South America Paraxylene Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Paraxylene by Countries
Chapter Ten: Global Paraxylene Market Segment by Type
Chapter Eleven: Global Paraxylene Market Segment by Application
Chapter Twelve: Global Paraxylene Market Size Forecast (2019-2026)
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