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Global Paraxylene Market 2017-2021

Global Paraxylene Market 2017-2021

About Paraxylene

Paraxylene (PX), also known as P-Xylene, is an aromatic hydrocarbon. It is one of the 3 isomers of dimethylbenzene, popularly known as xylene. Para indicates that the 2 methyl groups in paraxylene occupy the diametrically opposite substituent positions 1 and 4. Paraxylene differs from orthoxylene and metaxylene based on the substitution 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.

Technavio’s analysts forecast the global paraxylene market to grow at a CAGR of 9.71% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global paraxylene market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • MEA
Technavio's report, Global Paraxylene Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Braskem
  • BP
  • Chevron Phillips Chemical
  • Exxon Mobil
  • Reliance Industries
Other prominent vendors
  • China National Petroleum
  • FORMOSA CHEMICALS & FIBER CORPORATION
  • GS Caltex
  • Honeywell International
  • JXTG Holdings
  • Kuwait Paraxylene Production Company
  • Orpic
  • S-OIL
Market driver
  • Potential growth in APAC
  • For a full, detailed list, view our report
Market challenge
  • Fluctuation in raw material prices
  • For a full, detailed list, view our report
Market trend
  • Recycling of PET
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Paraxylene Market 2017-2021

Technavio recognizes the following companies as the key players in the global paraxylene market: Braskem, BP, Chevron Phillips Chemical, Exxon Mobil, and Reliance Industries.

Other Prominent Vendors in the market are: China National Petroleum, FORMOSA CHEMICALS & FIBER CORPORATION, GS Caltex, Honeywell International, JXTG Holdings, Kuwait Paraxylene Production Company, Orpic, and S-OIL.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is recycling of PET. Owing to its increasing consumption and non-biodegradable nature, PET waste disposal has raised serious environmental and economic concerns. Thus, the management of PET waste has become a crucial social issue. Hence, recycling is viewed as the most viable option for the treatment of waste PET.”

According to the report, one driver in the market is potential growth in APAC. In the last few years, the demand for polymers in China, including polyester, was spurred by the Chinese government's stimulus packages. The domestic demand for finished goods soared, regardless of a slowdown in the export business amid the global financial crisis. The domestic consumption of textiles and clothing increased to two-thirds of total supply. Amid the current uncertainties among Western economies, export markets are not very promising, and the growth of Chinese polyester fiber consumption will depend on domestic consumption of textile and clothing.

Further, the report states that one challenge in the market is fluctuation in raw material prices. The global paraxylene market is exposed to fluctuations pertaining to raw material and energy prices. In the past few years, crude oil and natural gas were comparatively stable in terms of supply and demand. In the mid-2014, when the Organization of the Petroleum Exporting Countries (OPEC) announced no reduction in the production to match crude oil supply or demand across the world, a rapid decline in crude oil prices was registered. However, raw material price fluctuation, especially for crude oil-based feedstock till date, hinders the growth of the global paraxylene market.

Companies Mentioned

Braskem, BP, Chevron Phillips Chemical, Exxon Mobil, Reliance Industries, China National Petroleum, FORMOSA CHEMICALS & FIBER CORPORATION, GS Caltex, Honeywell International, JXTG Holdings, Kuwait Paraxylene Production Company, Orpic, and S-OIL.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Table Production of paraxylene via isomerization of mixed xylenes
    • Table Production of paraxylene via toluene methylation process
    • Table Production of paraxylene via catalytic reformation of naphtha
  • Market Landscape
    • Market Overview
      • Table Global paraxylene market: An overview
    • Market size and forecast
      • Table Global paraxylene market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global paraxylene market by application
      • Table Global paraxylene market by application 2016 (% share of revenue)
      • Table Global paraxylene market by application 2021 (% share of revenue)
      • Table Application wise percentage share forecast 2016-2021
    • Global paraxylene market for PTA
      • Table Global paraxylene market for PTA 2016-2021 ($ millions)
    • Global paraxylene market for DMT
      • Table Global paraxylene market for DMT 2016-2021 ($ millions)
    • Global paraxylene market for others
      • Table Global paraxylene market for others 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Global paraxylene market by end-user
      • Table Global paraxylene market by end-user 2016 (% share of revenue)
      • Table Global paraxylene market by end-user 2021 (% share of revenue)
      • Table End-user wise percentage share forecast 2016-2021
    • Global paraxylene market for polyester fiber
      • Table Global paraxylene market for polyester fiber 2016-2021 ($ millions)
    • Global paraxylene market for packaging
      • Table Global paraxylene market for packaging 2016-2021 ($ millions)
    • Global paraxylene market for others
      • Table Global paraxylene market for others 2016-2021 ($ millions)
  • Regional landscape
    • Geographical segmentation
      • Table Global paraxylene market by geography 2016-2021
    • Regional comparison
      • Table Regional comparison
    • Paraxylene market in APAC – market size and forecast
      • Table Paraxylene market in APAC 2016-2021 ($ millions)
      • Table APAC — Year-over-year growth
    • Paraxylene market in the Americas — market size and forecast
      • Table Paraxylene market in the Americas 2016-2021 ($ millions)
      • Table Americas — Year-over-year growth
    • Paraxylene market in MEA — market size and forecast
      • Table Paraxylene market in MEA 2016-2021 ($ millions)
      • Table MEA — Year-over-year growth
    • Paraxylene market in Europe — market size and forecast
      • Table Paraxylene market in Europe 2016-2021 ($ millions)
      • Table Europe — Year-over-year growth
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Recycling of PET
      • Table PET recycling methods
    • Introduction of MTA
    • Growing usage of bio-based paraxylene
  • Vendor landscape
    • Competitive scenario
    • Major market vendors
      • Table Global paraxylene market: Major vendors
    • Other prominent vendors
  • Key vendor analysis
    • Braskem
      • Table Braskem: Business unit segmentation
    • BP
      • Table BP: Business segmentation by revenue 2016
      • Table BP: Geographical segmentation by revenue 2016
    • Chevron Phillips Chemical
      • Table Chevron Phillips Chemical: Business segmentation by revenue 2016
      • Table Chevron Phillips Chemical: Geographical segmentation by revenue 2016
    • Exxon Mobil
      • Table Exxon Mobil: Business segmentation by revenue 2016
      • Table Exxon Mobil: Geographical segmentation by revenue 2016
    • Reliance Industries
      • Table Reliance Industries: Business segmentation by revenue 2016
      • Table Reliance Industries: Geographical segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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