Para Xylene Market is expected to grow at USD 81.02 billion by 2022 growing with the CAGR of 12.05%

“Para Xylene Market”
Global Para xylene Market Information- by Application (Plastic industry, Textile industry and others), by End-use (Purified Terephthalic Acid (PTA) and Dimethyl Terephthalate (DMT) and others), and by Region – Forecast till 2022

Market Research Future Published a Half Cooked Research Global Para Xylene Market Research Report– Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022.

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.

Para Xylene Market – Market Overview

Xylene is a clear, colorless and flammable solution which is produced from crude oil. Xylene primarily exists in three isomeric forms such as ortho-xylene, meta-xylene and Para Xylene. Para Xylene or PX or P-xylene is basically an aromatic hydrocarbon compound, which is colorless, sweet-smelling, toxic, and highly flammable chemical. Para Xylene is extensively used for the production of dimethyl terephthalate (DMT) and terephthalic acid (PTA) which are further used in the manufacturing of polyesters. Moreover, Para Xylene is primarily used in the production of polyethylene terephthalate (PET) which is primarily used as a packaging materials for carbonated drinks, water bottles, and other containers for food, beverages and personal care products.

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. In addition, the growing demand for polyethylene terephthalate (PET) as a packaging material is further expected to affect the market positively. However, stringent government regulations regarding the use of Polyethylene terephthalate due to the non-biodegradable nature and harmful environmental effects in the developed regions such as Europe and North America coupled with the lack of competent labor for handling and transportation of hazardous Para Xylene chemicals in the developing economies can act as a major down side to the growth of the market.

Request a Sample Report @

Para Xylene Market- Competitive Landscape

The Global Para Xylene Market is a highly lucrative market driven by flourishing growth in packaging and petrochemical industry, along with the propelling textile industry. Exxon Mobil Corporation, the Dow Chemicals Company, Royal Dutch Shell plc. And BASF SE, China national Petroleum Corporation among others are some of the major players operating in this market. Most of these market participants are adopting the expansion and product launch tactics to strengthen their production capacities and market position. Taking account of these trends the Global Para Xylene Market is projected to witness considerable competition over the forecast period of 2017-2022.

Asia pacific is expected to be the fastest growing region during the forecast years. The growing population in the developing countries and increasing GDP has augmented the demand for PET in the packaging sector coupled with increasing use of Para Xylene as  pesticides, solvents and coatings especially in India and China is further expected to boost the market growth. However, strict regulation in North America and Europe is expected to show sluggish growth during the forecast years.

Industry/ Innovation/ Related News:

November 16, 2016- A team of chemical researchers including doctorates and professors from university of Massachusetts has innovated a process for production of Para Xylene which involves the use of biomass as feedstock with a 97% yield. This innovation is expected to fuel the production of Para Xylene owing to its cost efficiency and higher.

April 21, 2017 – Reliance Industries limited announced the successful completion of the final phase of Para Xylene project including aromatic extraction units, trans-alkylation and PX crystalliser trains at Jamnagar. The plant is constructed with efficient technology from British Petroleum which is anticipated to push Reliance to the second spot in the global market of Para Xylene producers. Reliance has successfully implemented the first phase of the project earlier in 2016. This development is expected to augment the market of Para Xylene in India which in turn will positively affect the Asia Pacific Para Xylene Market.

February 11, 2016 – Hengli Petrochemical Company Limited has collaborated with Axens for the procurement of technology, in the first crude to paraxylene complex located in China. This complex is expected to hold a capacity of processing 4,00,000 barrels of crude oil per day which will further cater to the purified terephthalic acid (PTA) plants for the use in the PET applications. This collaboration will further drive the market of PET application will in turn will surge the growth of the Para Xylene market.

Browse Complete Report @ Xylene-market-2278

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. 

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Akash Anand
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune –
City: Pune
State: Maharashtra
Country: India