Global Paraxylene Market 2017-2022: High Demand for Polyethylene Terephthalate – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Global
Paraxylene Market – Growth, Trends, and Forecasts (2017 – 2022)"
report has been added to Research and Markets' offering.

Paraxylene (PX) demand has witnessed rapid growth since the past few
years, owing to high demand for polyesters, mainly polyethylene
terephthalate (PET). PX is primarily used for producing dimethyl
terephthalate (DMT) and purified Terephthalic acid (PTA), which are
consumed for manufacturing polyesters.

Paraxylene is an important chemical feedstock and one of the three
isomers of dimethyl benzene, known collectively as xylenes. Paraxylene
finds extensive use in large-scale synthesis of various polymers, with
PET production being the most significant. Paraxylene experiences
various challenges, such as increase in consumer awareness regarding the
usage of plastic-free products. In addition, the complex process of
formation of paraxylene is considered a major hindrance for the
paraxylene market. With increasing demand for PET, the demand for
paraxylene is projected to increase in the near future.

The major driver for the paraxylene market is the high demand for PET
and low cost and superior physical properties of PET, compared to
natural fibers. Apart from being widely used in the production of PET,
paraxylene is used as solvents, pesticides and coatings, and in the
production of di-paraxylene and herbicides. On the basis of application
type, the global paraxylene market is further segmented into Purified
Terephthalic Acid (PTA), Dimethyl Terephthalate (DMT), and others',
which mainly consists of solvents, pesticides, and coatings. PTA is a
white, solid organic compound and principally used as a precursor to the
polyester PET but other uses are in the making of cyclohexanedimethanol,
terephthaloyl chloride, plasticisers, and liquid crystal polymers. The
production of PET is largely dominated by PTA than DMT, since the
production via PTA is more economical.

Companies Mentioned:

• BASF
• BP plc.
• Braskem
• Chevron Phillips Chemical
• CNPC
• Dragon Aromatics
• ExxonMobil
• Fujian Refining & Petrochemical
• JX Nippon Oil & Energy Corporation
• MITSUBISHI GAS CHEMICAL CO. INC
• NPC Iran
• Reliance Industries Ltd. (RIL)
• Saudi Aramco
• SINOPEC
• S-Oil Corporation
• Toray Industries

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis – (Market size, Growth, and forecast)

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/s4qrw9/global_paraxylene

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Related
Topics: Chemicals