Para Xylene Market Overview:
Para Xylene Market is expected to grow at USD 81.02 Bn by 2022 growing with the CAGR of 12.05% from 2018 to 2022.
According to the analysis of MRFR, the major market forces and trends driving growth of the global Para-Xylene market includes increasing demand for various applications such as packaging, textile and construction materials among others. Moreover, the increasing personal disposable income in the developing economies throughout the globe has augmented the demand for polyester fibers which in turn is expected to fuel the growth of the global Para-Xylene Market during the forecast period.
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Para Xylene Market Key Players:
Braskem, Exxon Mobil Corporation, Formosa Chemicals & Fibre Corporation, Reliance Industries Limited, Royal Dutch Shell plc., US Petrochemical Industries Inc. The Dow Chemicals Company, BASF SE, Conoco Phillips Corporation, JXTG Nippon Oil and Energy Corporation, China national Petroleum Corporation, British Petroleum, Jurong Aromatics Corporation, Lotte Chemical Corporation, Sinopec Corporation, and CNOOC Limited among others are some of the prominent players at the forefront of competition in the global Para-Xylene Market and are profiled in MRFR Analysis.
Reliance Industries contributes about 14% to the total Indian export it has presence in various sector. In India, Reliance is the largest producer of polyester fiber and yarn and the 5th largest producer of Para xylene.
Para Xylene Market Segmentation:
Para Xylene Market is majorly segmented on the basis of application and end-use. Based on end-use of para xylene the market is segmented into purified terephthalic acid, dimethyl terephthalate and others. Similarly, on the basis of application the market is classified into plastic industry, textile industry and others and others.
Para Xylene Market Regional Analysis:
Asia-Pacific para xylene market is estimated to reach USD 9,909 Million by 2022. The key driver of the market is the growing demand from the automotive, electrical & electronics market.
As per the Indian Chemical Industry Five Year Plan 2012-2018, the production of para xylene had reached in million tons in 2016, whereas the consumption rate is anticipated to stand at USD 4.9 Million tons in 2018.
Within the Asia Pacific region, China is the largest consumer and producer of polyester and para xylene, vital for the country’s textile industry, which generated USD 290 Billion of overseas sales.
North America is expected to hold the second largest market share owing to the growth in the chemical industry as well as the expansion of the end user industries within the region. In 2018, the US consumed around USD 3.8 Million tons of para xylene and a considerable proportion of this demand is met through imports.
Para Xylene Market is robust and is growing at 6% to 8% every year. By 2005, globally, the production of para xylene capacity has demanded by more than 5.5 Million metric tons per annum, lowering the average capacity up to 85%.
Para Xylene Market Table of Content:
1. Executive Summary
2. Scope of the Report
3. Market Research Methodology
4. Market Landscape
5. Industry Overview of Global Par Xylene Market
Para Xylene Market Table of Content to be Continue……,
Complete table of content is available at @ https://www.marketresearchfuture.com/reports/para-xylene-market-2278
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