Global Paraxylene Market, By Product Type (Phthalic Acid, Dibutyl Phathalate Xylene (Di-PX), Purified Terephthalic Acid (PTA), Dimethyl Terephthalate (DMT), Others), Application (Textiles, Electronics, Food Packaging, Beverage Bottling, Construction, Others) 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 Insight : Global Paraxylene Market
Paraxylene market size is expected to grow at a compound annual growth rate of 7.3% for the forecast period of 2021 to 2028. Data Bridge Market Research report on paraxylene market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Paraxylene is also known as P-Xylene or PX is a type of an aromatic hydrocarbon compound. It is a kind of transparent, colorless, extremely flammable and toxic chemical, chemically derived from products having benzene. It is usually produced through the procedure of catalytic reforming of petroleum derivatives and is estranged through distillation, crystallization and the reaction of ethylbenzene.
The rise in the production and surging demand for paraxylene is expected to influence the growth of the paraxylene market. In line with this, the increase in the demand for PET in beverage bottling, food packaging along with the automotive, electronics and construction industries as well as the development of bio-based paraxylene are also anticipated to act as key determinants favoring the growth of the paraxylene market over the forecast period of 2021 to 2028. Also the, rapid industrialization and urbanization in emerging economies and high demand for polyethylene terephthalate (PET) from the plastic industry are also expected to positively impact the growth of the paraxylene market. The major factor accountable for the growth of the market is the rapid expansion of PET and polyester.
However, the rise in the awareness regarding environmental concern and high demand for natural substitutes over the conventional products are likely to act as key restraints towards paraxylene market growth rate in the forecast period of 2021 to 2028, whereas the stringent restrictions by the regulatory bodies to control the emission of paraxylene into water and water reservoirs can challenge the growth of the paraxylene market in the above mentioned forecast period.
Furthermore, the rise in the use of bio-based paraxylene in bioplastics PET bottles (Bio-PET) and various other bioplastics applications such as catering utensils and the rise in the usage of non-traditional feedstock and lower feedstock consumption are expected to offer a variety of growth opportunities for the paraxylene market in the above mentioned forecast period.
This 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 localized 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 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 Paraxylene Market Scope and Market Size
Paraxylene market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different 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 markets.
- On the basis of product type, the paraxylene market is segmented into phthalic acid, dibutyl phathalate xylene (Di-PX), purified terephthalic acid (PTA), dimethyl terephthalate (DMT) and others.
- The application segment for paraxylene market is segmented into textiles, electronics, food packaging, beverage bottling, construction and others.
Paraxylene Market Country Level Analysis
Paraxylene market is analyzed and market size, volume information is provided by country, product type and application as referenced above.
The countries covered in the 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.
Asia-Pacific leads the paraxylene market because of the rapid industrialization, better economic conditions and supportive government policies. North America and Europe is expected to expand at a significant growth of the over the forecast period of 2021 to 2028 due to the high demand of the PET and large manufacturing base of polymers.
The country section of the 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 Paraxylene Market Share Analysis
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 paraxylene market.
The major players covered in the 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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