Global Paraxylene (PX) Market Analysis, Trends & Forecast 2018-2023, With an Expected CAGR of 4.05% – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Global
Paraxylene (PX) Market – Segmented Application, and Geography – Trends
and Forecast (2018 – 2023)" report has been added to ResearchAndMarkets.com's
offering.

The global paraxylene (PX) market is expected to register a CAGR of
4.05% during the forecast period, 2018-2023.

The sustenance and proliferation of the paraxylene market is majorly
supported by the high, growing demand for PET in various industries. 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. Flexible packaging is expected to grow continuously as major
retail chains demand greater product protection and longer shelf life
for various products.

PX is primarily used for producing dimethyl terephthalate (DMT) and
purified Terephthalic acid (PTA), which are consumed for manufacturing
polyesters. 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
cyclo-hexane-di-methanol, terephthaloyl chloride, plasticisers, and
liquid crystal polymers.

In terms of consumption, Asia-Pacific accounted for the largest market
share, among all the regions including North America, Asia-Pacific,
Europe, South America, and the Middle East & Africa. Increasing use of
PET in the textile and food & beverage packaging industry is likely to
boost the paraxylene demand.

Companies Mentioned

• BASF SE
• BP Plc.
• Braskem
• Chevron Phillips Chemical
• CNPC
• Dragon Aromatics
• ExxonMobil Corporation
• Fujian Refining & Petrochemical
• JX Nippon Oil & Energy Corporation
• MITSUBISHI GAS CHEMICAL CO. INC
• NPC Iran
• Reliance Industries Ltd.
• SINOPEC
• 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

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

10. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/jjd9rz/global_paraxylene?w=4

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