According to the market research report “Paraxylene Market: By End-User (Dimethyl Terephthalate (DMT), Purified Terephthalic Acid (PTA), Polyethylene Terephthalate (PET) Bottles, Di-Paraxylene, Herbicides and Others) & By Region – Forecast (2016-2021)”, published by IndustryARC, estimates a consistency of all basic in the upcoming market trend.
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The Paraxylene market is also known as P-Xylene market is an aromatic hydrocarbon. It is one of the 3 isomers of dimethylbenzene, popularly known as xylene. Para solvent indicates that the 2 methyl groups in paraxylene occupy the diametrically opposite substituent positions 1 and 4.
Paraxylene changes from orthoxylene and metaxylene based on the replacement pattern of the 2 methyl groups. Paraxylene is a colorless, volatile liquid and a very important raw material in the preparation of polyethylene terephthalate (PET) chips. 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.
Scope & Regional Forecast of the Paraxylene Market
Paraxylene (PX) demand has perceived rapid growth since the past few years, owing to high request for polystyrene, 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 petrochemicals feedstock and one of the three isomers of dimethyl benzene, known collectively as xylenes.
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Paraxylene finds extensive use in large-scale synthesis of various polymers, with PET production being the most significant. Paraxylene experiences numerous challenges, such as upsurge in consumer consciousness regarding the usage of plastic-free products. In addition, the complex process of formation of xylene uses is considered a major hindrance for the paraxylene market. With increasing demand for PET, the demand for paraxylene uses is projected to increase in the near future.
In terms of consumption, Asia-Pacific accounted for the largest market size, among 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 production. In addition, increasing use of bio-based paraxylene in bio plastic PET bottles (Bio-PET) and other bio-plastic applications is expected to have a positive impact on the market for paraxylene in the region.
Segmentations & Key Players Involved in the Paraxylene Market
The Paraxylene Market can be broken down into various segmentations on the basis of –
End-User: Dimethyl Terephthalate (DMT), Purified Terephthalic Acid (PTA), Polyethylene Terephthalate (PET) Bottles , Di-Paraxylene , Herbicides and Others
Geography: Europe, Asia Pacific, North America and Rest of the World
Some of the key players involved in the Paraxylene Market are as follows:
Fujian Refining & Petrochemical Company Limited
PTT Global Chemical Public Company Limited
Saudi Arabian Oil Co.
China National Petroleum Corporation
JX Nippon Oil & Energy Corporation
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