Global Paraxylene Market

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Global Paraxylene Market

Global Paraxylene Market was valued US$ 46.20 Bn in 2019 and is expected to reach US$ XX Bn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

 

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Increased demand of polyester fabric is a major driver of the paraxylene market. Two third of the paraxylene produced is utilized in polyester fabric application. Purified terephthalic acid (PTA) in polyester Application 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.

Based on the application, the paraxylene market is segmented into purified terephthalic acid (PTA) and dimethyl terephthalate (DMT) and others. Purified terephthalic acid segment is dominating the paraxylene market. Purified terephthalic acid segment is expected to grow at the CAGR of XX% over the upcoming period. Purified terephthalic acid is being used mainly for Application of polyester fabric and polyester resin. Paraxylene is used as raw material for synthesis of Dimethyl Terephthalate.

Based on the end user, the paraxylene market is segmented into plastic Industry, Textile industry and others. Textile industry is dominating the paraxylene market. Textile industry accounted for the XX% share of market. Paraxylene is mainly used in textile market for polyester fabric Application. In plastic industry paraxylene is used for polyester fabrication. Plastic industry segment is predicted to grow at high CAGR of XX% over the forecast period owing to polymer demand from various sector across world.

In terms of region, the paraxylene market segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America held the dominant market share of XX% in 2018 and is expected to continue its dominance during the forecast period. The market in Asia Pacific is expected to expand at a high CAGR of XX% during the forecast period. 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 Application, and Samsung Total Petrochemicals are key players of paraxylene market.

The objective of the report is to present a comprehensive analysis of Global Paraxylene Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Paraxylene Market dynamics, structure by analyzing the market segments and project the Global Paraxylene Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the Global Paraxylene Market make the report investor’s guide.
Scope of the Paraxylene Market: Inquire before buying

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

 

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