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.
- BASF SE
- BP Plc.
- Chevron Phillips Chemical
- Dragon Aromatics
- ExxonMobil Corporation
- Fujian Refining & Petrochemical
- JX Nippon Oil & Energy Corporation
- MITSUBISHI GAS CHEMICAL CO. INC
- NPC Iran
Reliance Industries Ltd.
- Toray Industries
Key Topics Covered:
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
For more information about this report visit https://www.researchandmarkets.com/research/jjd9rz/global_paraxylene?w=4