Para Xylene Market
Global Para xylene Market Information- by Application (Plastic industry, Textile industry and others), by End-use (Purified Terephthalic Acid (PTA) and Dimethyl Terephthalate (DMT) and others), and by Region - Forecast till 2022
Para Xylene Market Overview:
Para xylene, also known as P-Xylene, an aromatic hydrocarbon, and an isomer of xylene compound, is derived from dimethylbenzene. Paraxylene is used in the production of terephthalic acid, purified terephthalic acid, and dimethyl terephthalate that is majorly used in the production of polyethylene terephthalate.
Para xylene finds an extensive application in major end-user industries such as textile and packaging for food, beverages, and personal care products which, in turn, drives its market growth. Over the past few years, the global Paraxylene market is growing rapidly due to the burgeoning textile industry worldwide. Moreover, the growing packaging industry across the globe is escalating the market on the global platform.
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Para Xylene Market Key Players:
Key players leading the global paraxylene market include;
• BP Plc. (UK)
• Braskem (Brazil)
• Chevron Phillips Chemical Company (U.S.)
• Reliance Industries Limited (India)
• Exxon Mobil Corporation (U.S.)
• China National Petroleum Corporation (China)
• Formosa Chemical & Fibre Corp. (Taiwan)
• GS Caltex India Pvt. Ltd. (South Korea)
• Honeywell International Inc. (U.S.)
• China Petrochemicals Corporation (China)
• JXTG Holdings, Inc. (Japan)
• S-OIL Corporation (South Korea)
Para Xylene Market Regional Analysis:
The Asia Pacific region heading with the rapidly growing textile industry dominates the global paraxylene market. The high demand for polyester fiber and polyester resins, especially in India and China along with the increasing applications of paraxylene in fabric and packaging industries, the APAC will be escalated to the next level, witnessing the heightened demand.
The ample availability of cost-competitive logistic such as workforce, land, and the raw materials required for the production of paraxylene is a key force attracting several foreign investors. Resultantly, many key players from the developed regions such as North America and Europe are increasingly shifting their prominent manufacturing bases to China and India. This, as a result, is likely to foster the market growth in the APAC over the forecasted period.
Para Xylene Market Segments Analysis:
The MRFR analysis is segmented into three key dynamics for enhanced understanding.
Purified Terephthalic Acid, Terephthalic Acid, and Dimethyl Terephthalate among others.
By End-use Industry:
Textile and Packaging among others.
Asia Pacific, North America, Europe, and the Rest-of-the-World.
Para Xylene Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Para Xylene Market
Para Xylene Market Table of Content to be Continue………,
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