Global Paraxylene Market Analysis, 2024-2030
Description
Paraxylene is a solvent and is not directly used in any product. Production process of terephthalic acid and dimethyl terephthalate uses paraxylene. Other than terephthalic acid and dimethyl terephthalate, production process of herbicides and di-paraxylene also use paraxylene. Many polyester manufacturing processes also use as a solvent. As a solvent it blends with many products during manufacturing and production.
As an ingredient it caters to many industries. For production of fibers, films and plastic products paraxylene mixes with polymer. Textile industry, construction material, and packaging industry uses it for multiple applications. Carbonated beverages use it as a raw material in production along with other substances.
The global paraxylene market report reveals the existing market conditions carrying out over 302 hours of both secondary and primary research. As per the research report, the global paraxylene market is growing its area of influence swiftly. The global paraxylene market is valued at US $ xxx million dollars which is anticipated to reach a massive US $ xxx million dollars by the year end of 2023. During the forecast period of 2018-2023 this market is anticipated to grow at an average annual rate of xx%.
Modern lifestyle incorporates spending extensively on clothes and food. In product form, both these industries use paraxylene as a solvent during manufacturing. Paraxylene are blended during the production of resins, fibers, and other plastic products. PepsiCo and Coca-Cola use paraxylene as a raw material. It has some applications in construction materials and packaging industry as well. These multiple uses have contributed significantly to its growth in the market.
Due to hazardous effects of chemicals on environment, demand for natural products is increasing and governments are also encouraging people to use bio-degradable or natural products. The products making use of paraxylene are not bio-degradable. If they are thrown in water or land, they prove hazardous to aquatic life and other animals. Thus, the use of such products is avoided by citizens. This is one of reasons to hamper growth of paraxylene market.
Countries from Asia Pacific region including India, China, and Japan focus on manufacturing best quality paraxylene and supply it to various other countries globally. Along with Asia Pacific, countries like U.S, U.K, France, Germany and regions like Central and South America, Middle East and Africa and are manufacturing Paraxylene for different purposes in considerable quantities.
Key players in global paraxylene market are BP, JX Nippon Oil & Energy Corp., Reliance Industries Ltd., CNPC, S-Oil, FCFC, Dragon, GS Caltex, ONGC, Orpic, ExxonMobil, Dalian Fujia Dahua Petrochemical Co. Ltd., Toyo, Pertamina, and Teijin Fibers.
Our Approach
The research process includes the global paraxylene market segmentation, identification of the growth determinants and conducting market forecasts. The market forecasts are conducted based in the insights given by the business influential from across the global paraxylene industry value chain. Market Krystal hence conducted over 37 interviews devoted to this market study and all the details pertaining to it are mentioned below:
By company type:
Manufacturers (35%), Suppliers (20%), Consumers (25%), Researchers (10%), Independent industry consultant (10%)
By geography:
North America (35%), Asia (35%), Europe (30%)
By designation:
Top level (50%), Operation level (25%), Mid-level (25%)
Contents of the report:
As an ingredient it caters to many industries. For production of fibers, films and plastic products paraxylene mixes with polymer. Textile industry, construction material, and packaging industry uses it for multiple applications. Carbonated beverages use it as a raw material in production along with other substances.
The global paraxylene market report reveals the existing market conditions carrying out over 302 hours of both secondary and primary research. As per the research report, the global paraxylene market is growing its area of influence swiftly. The global paraxylene market is valued at US $ xxx million dollars which is anticipated to reach a massive US $ xxx million dollars by the year end of 2023. During the forecast period of 2018-2023 this market is anticipated to grow at an average annual rate of xx%.
Modern lifestyle incorporates spending extensively on clothes and food. In product form, both these industries use paraxylene as a solvent during manufacturing. Paraxylene are blended during the production of resins, fibers, and other plastic products. PepsiCo and Coca-Cola use paraxylene as a raw material. It has some applications in construction materials and packaging industry as well. These multiple uses have contributed significantly to its growth in the market.
Due to hazardous effects of chemicals on environment, demand for natural products is increasing and governments are also encouraging people to use bio-degradable or natural products. The products making use of paraxylene are not bio-degradable. If they are thrown in water or land, they prove hazardous to aquatic life and other animals. Thus, the use of such products is avoided by citizens. This is one of reasons to hamper growth of paraxylene market.
Countries from Asia Pacific region including India, China, and Japan focus on manufacturing best quality paraxylene and supply it to various other countries globally. Along with Asia Pacific, countries like U.S, U.K, France, Germany and regions like Central and South America, Middle East and Africa and are manufacturing Paraxylene for different purposes in considerable quantities.
Key players in global paraxylene market are BP, JX Nippon Oil & Energy Corp., Reliance Industries Ltd., CNPC, S-Oil, FCFC, Dragon, GS Caltex, ONGC, Orpic, ExxonMobil, Dalian Fujia Dahua Petrochemical Co. Ltd., Toyo, Pertamina, and Teijin Fibers.
Our Approach
The research process includes the global paraxylene market segmentation, identification of the growth determinants and conducting market forecasts. The market forecasts are conducted based in the insights given by the business influential from across the global paraxylene industry value chain. Market Krystal hence conducted over 37 interviews devoted to this market study and all the details pertaining to it are mentioned below:
By company type:
Manufacturers (35%), Suppliers (20%), Consumers (25%), Researchers (10%), Independent industry consultant (10%)
By geography:
North America (35%), Asia (35%), Europe (30%)
By designation:
Top level (50%), Operation level (25%), Mid-level (25%)
Contents of the report:
- Insights on the global paraxylene industry dynamics
- Estimation of the current global paraxylene market size in terms of value and volume
- Global paraxylene market breakup based on application (purified terephthalic acid, dimethyl terephthalate) and geography (North America, Europe, Asia-Pacific, Middle East, Africa & Latin America)
- Substantiated global paraxylene market forecast for the next five years
- In detail analysis of the key companies working across different nodes of global paraxylene industry value chain
Table of Contents
- 1. Introduction
- Purpose of the report
- Research methodology
- Executive summary
- 2. Product Overview
- Product analysis
- Portfolio analysis of top companies
- Value chain analysis
- Market dynamics
- 3. Global Market Analysis
- Global paraxylene market size (2024–2030)
- By value
- By volume
- Global paraxylene market share (2024–2030)
- By application
- By company
- By geography
- 4. North America Market Analysis
- North America paraxylene market size (2024–2030)
- By value
- By volume
- North America paraxylene market share (2024–2030)
- By application
- By company
- By geography
- 5. Europe Market Analysis
- Europe paraxylene market size (2024–2030)
- By value
- By volume
- Europe Paraxylene market share (2024–2030)
- By application
- By company
- By geography
- 6. Asia-Pacific Market Analysis
- Asia-Pacific paraxylene market size (2024–2030)
- By value
- By volume
- Asia-Pacific paraxylene market share (2024–2030)
- By application
- By company
- By geography
- 7. Middle East Market Analysis
- Middle East paraxylene market size (2024–2030)
- By value
- By volume
- Middle East paraxylene market share (2024–2030)
- By application
- By company
- By geography
- 8. Africa Market Analysis
- Africa paraxylene market size (2024–2030)
- By value
- By volume
- Africa paraxylene market share (2024–2030)
- By application
- By company
- By geography
- 9. Latin America Market Analysis
- Latin America paraxylene market size (2024–2030)
- By value
- By volume
- Latin America paraxylene market share (2024–2030)
- By application
- By company
- By geography
- 10. Competitive Intelligence
- JX Nippon Oil & Energy Corp.,
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 2
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 3
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 4
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 5
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 6
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 7
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 8
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 9
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- 11. Appendix
- Primary research breakup
- List of interview participants
- Discussion guide
- Interview transcript
- About Market Krystal team
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