Paraxylene (PX) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Paraxylene (PX) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global paraxylene (PX) market size reached US$ 47.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 65.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.
Paraxylene, also known as PX or P-Xylene, is an aromatic hydrocarbon compound. It is a colorless, transparent, highly flammable and toxic chemical which is chemically derived from products containing benzene. It is produced through the process of catalytic reforming of petroleum derivatives and is separated through crystallization, distillation and the reaction of ethylbenzene. It is primarily used as a raw material in the manufacturing of industrial chemicals such as purified terephthalic acid (PTA), purified dimethyl terephthalate (DMT) and others. It also finds applications in the production of packaging materials, polyester fibres, construction materials, etc.
The growing demand for plastics across the globe is the key factor driving the market. Paraxylene forms the core component in the production of plastic products. As a result, it is utilized for manufacturing polyethylene terephthalate (PET) bottles commonly used as containers for soda, water and other beverages. Paraxylene is also being used in the production of various household products such as containers for cosmetics and toiletries, and curtain fabrics, clothing and upholstery. Furthermore, the development of bio-based paraxylene is significantly contributing to the market growth. Increasing environmental awareness has encouraged consumers to seek eco-friendly options. Consequently, bioplastics, of which bio-based paraxylene is an integral component, are widely being incorporated across industries as a sustainable alternative to the conventionally used plastics. Other factors such as a thriving packaging industry are also contributing to the growth of the market.
IMARC Group’s latest report provides a deep insight into the global paraxylene (PX) market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the paraxylene (PX) market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global paraxylene (PX) market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on application and end use industry.
Purified Terephthalic Acid (PTA)
Dimethyl Terephthalate (DMT)
Others
Breakup by End Use Industry:
Plastics
Textile
Others
Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Braskem, China National Petroleum Corporation, ENEOS Corporation, ExxonMobil Corporation, Fujian Refining & Petrochemical Company Limited, Mangalore Refinery & Petrochemicals Ltd (Oil and Natural Gas Corporation Limited), Mitsubishi Gas Chemical Company Inc., National Petrochemical Company, PT Pertamina, Reliance Industries Limited, SK incheon petrochem Co. Ltd. and Toray International Inc.
Key Questions Answered in This Report
1. What was the size of the global paraxylene (PX) market in 2022?
2. What is the expected growth rate of the global paraxylene (PX) market during 2023-2028?
3. What are the key factors driving the global paraxylene (PX) market?
4. What has been the impact of COVID-19 on the global paraxylene (PX) market?
5. What is the breakup of the global paraxylene (PX) market based on the application?
6. What are the key regions in the global paraxylene (PX) market?
7. Who are the key players/companies in the global paraxylene (PX) market?
Table of Contents
137 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1Objectives of the Study
- 2.2Stakeholders
- 2.3Data Sources
- 2.3.1Primary Sources
- 2.3.2Secondary Sources
- 2.4Market Estimation
- 2.4.1Bottom-Up Approach
- 2.4.2Top-Down Approach
- 2.5Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1Overview
- 4.2Properties
- 4.3Key Industry Trends
- 5 Global Paraxylene (PX) Market
- 5.1Market Overview
- 5.2Market Performance
- 5.3Impact of COVID-19
- 5.4Market Breakup by Application
- 5.5Market Breakup by End Use Industry
- 5.6Market Breakup by Region
- 5.7Market Forecast
- 6 Market Breakup by Application
- 6.1Purified Terephthalic Acid (PTA)
- 6.1.1Market Trends
- 6.1.2Market Forecast
- 6.2Dimethyl Terephthalate (DMT)
- 6.2.1Market Trends
- 6.2.2Market Forecast
- 6.3Others
- 6.3.1Market Trends
- 6.3.2Market Forecast
- 7 Market Breakup by End Use Industry
- 7.1Plastics
- 7.1.1Market Trends
- 7.1.2Market Forecast
- 7.2Textile
- 7.2.1Market Trends
- 7.2.2Market Forecast
- 7.3Others
- 7.3.1Market Trends
- 7.3.2Market Forecast
- 8 Market Breakup by Region
- 8.1Asia Pacific
- 8.1.1Market Trends
- 8.1.2Market Forecast
- 8.2North America
- 8.2.1Market Trends
- 8.2.2Market Forecast
- 8.3Europe
- 8.3.1Market Trends
- 8.3.2Market Forecast
- 8.4Middle East and Africa
- 8.4.1Market Trends
- 8.4.2Market Forecast
- 8.5Latin America
- 8.5.1Market Trends
- 8.5.2Market Forecast
- 9 SWOT Analysis
- 9.1Overview
- 9.2Strengths
- 9.3Weaknesses
- 9.4Opportunities
- 9.5Threats
- 10 Value Chain Analysis
- 11 Porters Five Forces Analysis
- 11.1Overview
- 11.2Bargaining Power of Buyers
- 11.3Bargaining Power of Suppliers
- 11.4Degree of Competition
- 11.5Threat of New Entrants
- 11.6Threat of Substitutes
- 12 Price Analysis
- 13 Competitive Landscape
- 13.1Market Structure
- 13.2Key Players
- 13.3Profiles of Key Players
- 13.3.1Braskem
- 13.3.2China National Petroleum Corporation
- 13.3.3ENEOS Corporation
- 13.3.4ExxonMobil Corporation
- 13.3.5Fujian Refining & Petrochemical Company Limited
- 13.3.6Mangalore Refinery & Petrochemicals Ltd (Oil and Natural Gas Corporation Limited)
- 13.3.7Mitsubishi Gas Chemical Company Inc.
- 13.3.8National Petrochemical Company
- 13.3.9PT Pertamina.
- 13.3.10 Reliance Industries Limited
- 13.3.11 SK incheon petrochem Co. Ltd.
- 13.3.12 Toray International Inc.
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
