Global Bio Paraxylene Market
Market Size in USD Million
CAGR :
% 
USD
500.00 Million
USD
1,529.51 Million
2020
2028
 Forecast Period |
2021 –2028 |
 Market Size (Base Year) |
USD 500.00 Million |
 Market Size (Forecast Year) |
USD 1,529.51 Million |
 CAGR |
% |
| Major Markets Players |
|
Global Bio- Paraxylene Market By Application (Bio-Based Polyethylene Terephthalate, Polybutylene Terephthalate, Bio- Terephthalic Acid, Polytrimethylene Terephthalate, and Others), By End Use Sector (Packaging, Food and Beverage, and Other End User Verticals), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Bio- Paraxylene Market
Data Bridge Market Research analyses that the bio- paraxylene market will witness a CAGR of 15.00% for the forecast period of 2021-2028. Growth in the demand and production of paraxylene, growing use of bio- paraxylene for a wide range of end use applications such as bio-based polyethylene terephthalate, polybutylene terephthalate, bio- terephthalic acid, polytrimethylene terephthalate, and others and surge in industrialization, especially in the developing countries are the major factors attributable to the growth of the bio- paraxylene market. This means that the bio- paraxylene market value, which was USD 500 million in 2020, will rocket up to USD 1,529.51 million by 2028.
From the name itself, it is clear that bio- paraxylene is made out of renewable raw materials such as starch, glucose, vegetable oils, and cellulose. Another important characteristic of bio- paraxylene is that the raw materials used can be easily recycled and can be reused. Also known as P-xylene or PX, paraxylene is an aromatic compound that is colorless, extremely flammable and toxic chemical. Paraxylene is extracted from benzene and is quite hazardous in nature.
Increasing demand for demand for PET in beverage bottling especially in the developing economies, is the root cause fuelling up the bio- paraxylene market growth rate. Also, surge in the demand and application of PET by the automotive, electronics and construction industries has fuelled up the bio- paraxylene market growth rate. Rising industrialization and urbanization coupled with growth and expansion of manufacturing industry will also directly and positively impact the growth rate of the bio- paraxylene market. Increased demand for polyethylene terephthalate (PET) from the plastic industry coupled with rising globalization will further propel growth in the bio- paraxylene market value. Growing application of polyester in various industrial applications is also bolstering the bio- paraxylene market growth rate. Rising environmental concerns will also propel growth in the bio- paraxylene market value.
However, contraction of buildings and construction industry owing to the coronavirus outbreak will pose a major challenge to the growth of the bio- paraxylene market. Also, stringent or strict government regulations for industrial applications and will dampen the bio- paraxylene market growth rate. Fluctuations in the prices of raw materials will further derail the bio- paraxylene market growth rate.
This bio- paraxylene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on bio- paraxylene market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bio- Paraxylene Market Scope and Market Size
The bio- paraxylene market is segmented on the basis of application and end use sector. The growth amongst the different segments helps you in attaining the knowledge related to the various growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of application, the bio- paraxylene market is segmented into bio-based polyethylene terephthalate, polybutylene terephthalate, bio- terephthalic acid, polytrimethylene terephthalate, and others.
- On the basis of end use sector, the bio- paraxylene market is segmented into packaging, food and beverage, and other end user verticals.
Global Bio- Paraxylene Market Country Level Analysis
The bio- paraxylene market is analysed, and market size, volume information is provided by country, application, and end use sector referenced above.
The countries covered in the bio- paraxylene market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominates the market owing to the increasing expenditure for research and development proficiencies. Asia-Pacific is projected to undergo substantial gains and score the highest CAGR for the forecast period. This is because of the growth and expansion of various end user verticals, especially in the emerging economies such as India and China. Rising industrialization is another important market growth determinant for this region.
The country section of the bio- paraxylene market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bio- Paraxylene Market Share Analysis
The bio- paraxylene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bio- paraxylene market.
The major players covered in the bio- paraxylene market report are ENEOS Corporation, Exxon Mobil Corporation, FUJAN REFINING & PETROCHEMICAL COMPANY LIMITED, China National Petroleum Corporation, Chevron Phillips Chemical Company, PT Pertamina (Persero), Braskem, bp p.l.c., SK innovation Co.. Ltd, Mangalore Refinery and Petrochemicals Ltd., TORAY INDUSTRIES, INC., Reliance Industries Limited, Sinopec Catalyst CO.,LTD., Vizag Chemical, BASF SE, Honeywell International Inc, S-Oil Corporation, GS Caltex India, Toyo Engineering Corporation and LOTTE Chemical CORPORATION among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL BIO-PARAXYLENE MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL BIO-PARAXYLENE MARKET SIZE
2.3 VENDOR POSITIONING GRID
2.4 MARKETS COVERED
2.5 GEOGRAPHIC SCOPE
2.6 YEARS CONSIDERED FOR THE STUDY
2.7 RESEARCH METHODOLOGY
2.8 TECHNOLOGY LIFE LINE CURVE
2.9 MULTIVARIATE MODELLING
2.1 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.11 DBMR MARKET POSITION GRID
2.12 MARKET APPLICATION COVERAGE GRID
2.13 DBMR MARKET CHALLENGE MATRIX
2.14 SECONDARY SOURCES
2.15 GLOBAL BIO-PARAXYLENE MARKET: RESEARCH SNAPSHOT
2.16 ASSUMPTIONS
3 MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
5.1 RAW MATERIAL COVERAGE
5.2 PRODUCTION CONSUMPTION ANALYSIS
5.3 IMPORT EXPORT SCENARIO
5.4 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS
5.5 PORTER’S FIVE FORCES
5.6 VENDOR SELECTION CRITERIA
5.7 PESTEL ANALYSIS
5.8 REGULATION COVERAGE
5.8.1 PRODUCT CODES
5.8.2 CERTIFIED STANDARDS
5.8.3 SAFETY STANDARDS
5.8.3.1. MATERIAL HANDLING & STORAGE
5.8.3.2. TRANSPORT & PRECAUTIONS
5.8.3.3. HAZARD IDENTIFICATION
6 PRICE INDEX
7 PRODUCTION CAPACITY OVERVIEW
8 SUPPLY CHAIN ANALYSIS
8.1 OVERVIEW
8.2 LOGISTIC COST SCENARIO
8.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS
9 CLIMATE CHANGE SCENARIO
9.1 ENVIRONMENTAL CONCERNS
9.2 INDUSTRY RESPONSE
9.3 GOVERNMENT’S ROLE
9.4 ANALYST RECOMMENDATIONS
10 GLOBAL BIO-PARAXYLENE MARKET, BY APPLICATION, (2022-2031), (USD MILLION) (TONS)
10.1 OVERVIEW
10.2 POLYETHYLENE TEREPHTHALATE (PET)
10.3 POLYTRIMETHYLENE TEREPHTHALATE (PTT)
10.4 POLYBUTYLENE TEREPHTHALATE (PBT)
10.5 TEREPHTHALIC ACID (TPA)
10.6 OTHERS
11 GLOBAL BIO-PARAXYLENE MARKET, BY END-USE, (2022-2031), (USD MILLION)
11.1 OVERVIEW
11.2 TEXTILE
11.3 BOTTLES
11.4 AUTOMOTIVE
11.5 FILM
11.6 OTHERS
12 GLOBAL BIO-PARAXYLENE MARKET, BY REGION, (2022-2031), (USD MILLION) (TONS)
12.1 GLOBAL BIO-PARAXYLENE MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
12.2 NORTH AMERICA
12.2.1 U.S.
12.2.2 CANADA
12.2.3 MEXICO
12.3 EUROPE
12.3.1 GERMANY
12.3.2 U.K.
12.3.3 ITALY
12.3.4 FRANCE
12.3.5 SPAIN
12.3.6 RUSSIA
12.3.7 SWITZERLAND
12.3.8 TURKEY
12.3.9 BELGIUM
12.3.10 NETHERLANDS
12.3.11 DENMARK
12.3.12 SWEDEN
12.3.13 POLAND
12.3.14 NORWAY
12.3.15 FINLAND
12.3.16 REST OF EUROPE
12.4 ASIA-PACIFIC
12.4.1 JAPAN
12.4.2 CHINA
12.4.3 SOUTH KOREA
12.4.4 INDIA
12.4.5 SINGAPORE
12.4.6 THAILAND
12.4.7 INDONESIA
12.4.8 MALAYSIA
12.4.9 PHILIPPINES
12.4.10 AUSTRALIA
12.4.11 NEW ZEALAND
12.4.12 VIETNAM
12.4.13 TAIWAN
12.4.14 REST OF ASIA-PACIFIC
12.5 SOUTH AMERICA
12.5.1 BRAZIL
12.5.2 ARGENTINA
12.5.3 REST OF SOUTH AMERICA
12.6 MIDDLE EAST AND AFRICA
12.6.1 SOUTH AFRICA
12.6.2 EGYPT
12.6.3 BAHRAIN
12.6.4 UNITED ARAB EMIRATES
12.6.5 KUWAIT
12.6.6 OMAN
12.6.7 QATAR
12.6.8 SAUDI ARABIA
12.6.9 REST OF MIDDLE EAST AND AFRICA
13 GLOBAL BIO-PARAXYLENE MARKET, COMPANY LANDSCAPE
13.1 COMPANY SHARE ANALYSIS: GLOBAL
13.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
13.3 COMPANY SHARE ANALYSIS: EUROPE
13.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC
13.5 MERGERS AND ACQUISITIONS
13.6 NEW PRODUCT DEVELOPMENT AND APPROVALS
13.7 EXPANSIONS
13.8 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
14 SWOT AND DATA BRIDGE MARKET RESEARCH ANALYSIS
15 GLOBAL BIO-PARAXYLENE MARKET - COMPANY PROFILES
15.1 VIRENT, INC.
15.1.1 COMPANY SNAPSHOT
15.1.2 PRODUCT PORTFOLIO
15.1.3 SWOT ANALYSIS
15.1.4 REVENUE ANALYSIS
15.1.5 RECENT UPDATES
NOTE: THE MARKET IS UNDER THE STAGE OF DEVELOPMENT WHERE VIRENT IS EXLUSIVELY ENGAGED IN THE MANUFACTURING OF BIO-PARAXYLENE.
16 RELATED REPORTS
17 QUESTIONNAIRE
18 CONCLUSION
19 ABOUT DATA BRIDGE MARKET RESEARCH
Global Bio Paraxylene Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Bio Paraxylene Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Bio Paraxylene Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
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