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
