DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Paraxylene Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
The global paraxylene market is valued at $34,745.7 million in 2015, and it is expected to grow at a CAGR of 12.8% during the forecast period.
The global paraxylene market is witnessing significant growth, due to increasing demand of high end domestic & household products and personalized apparel. Globally, the polyester fibers segment was the largest application segment of paraxylene in 2015, followed by packaging application segment. The increasing buying power, along with increasing quality living standard is significantly fuelling the demand for personal and household paraxylene based products. The increasing demand for polyester fibers and packaging is anticipated to have positive impact on the growth of the paraxylene market.
Moreover, films for x-rays, magnetic tapes, photographic film and electrical insulation, carbonated and non-carbonated beverage containers is further propelling the demand for paraxylene. The growing consciousness towards increasing use of bio-based paraxylene in bio plastics PET bottles (Bio-PET) and other bio plastics applications, such as catering utensils, is expected to drive the paraxylene market towards a steady growth.
Exxon Mobil Corporation
Chevron Phillips Chemical Company Llc
Toray Industries Inc.
Reliance Industries Limited
Jx Nippon Oil & Energy
Petrochina Company Limited
Key Topics Covered:
1. Research Scope & Methodology
2. Executive Summary
3. Market Outlook
4. Global Paraxylene Market Size And Forecast (2012 - 2022)
5. Global Paraxylene Market, By Geography
6. Competitive Positioning Analysis
7. Company Profiles And Strategic Developments
For more information about this report visit http://www.researchandmarkets.com/research/349wpd/global_paraxylene