According to a new report published by Reports Monitor titled, “Paraxylene Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Paraxylene Market is growing rapidly from 2017 to 2025.
The Asia Pacific region holds the major share, especially countries such as India and China. The consumption of PTA is high in APAC owing to the increasing demand for polyester fiber.
Paraxylene is basically used as a raw material in the manufacture of terephthalic acid (TPA), purified terephthalic acid (PTA) and dimethyl-terephthalate (DMT). polyethylene terephthalate (PET) saturated polyester polymers are manufactured by the use of TPA, PTA and DMT. Moreover, PET bottles are largely used for water because of its non-breakable property and also carbonated beverages because of good carbon dioxide barrier properties.
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Growing use of purified terephthalic acid (PTA) in polyester manufacturing is one of the important factor driving the market. There is growing demand for PET bottle resin due to rising use of PET in soft drink and mineral water bottles is further boosting the market. Moreover, the market is driving owing to the increasing demand for the application of paraxylene in different non-traditional applications such as polyethylene terephthalate (PET) bottles. However, the complicated process of formation of paraxylene is a major factor hampering the growth of the market. Additionally, there are various challenges including growing consumer awareness regarding the usage of plastic-free products.
Based on the segmentation of the global paraxylene market, it is bifurcated into application, end-user, and region. Depending upon the application, the market is classified into purified terephthalic acid, dimethyl terephthalate, solvents, pesticides, and coatings. According to the end-user segment, the market is categorized into polyester fiber and packaging.
The major companies in the report include: British Petroleum (BP), JX Nippon Oil & Energy, Reliance Industries, ExxonMobil, BASF, Braskem, Chevron Phillips Chemical, Dragon Aromatics, Fujian Refining & Petrochemical, Toray Industries, Pemex, Kuwait Paraxylene Production, and Samsung Total Petrochemicals.
For instance, in March 2017, JX Nippon Oil & Energy, a major petrochemical producer in Japan has lowered the contract price of paraxylene for April in Asia.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global paraxylene market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
In-depth table of contents for this report @ https://goo.gl/HQLgai
The study for Global Paraxelene Market will provide market size, estimates and forecast based on the following years:
Historic data: 2015
Base Year Estimate: 2016
Forecast: 2017 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1.1 Market Definition
1.2. Market Scope
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Paraxelene- Value Chain Analysis
3.3. Key Market Trend Analysis
3.3.1. Market Drivers
3.3.2. Market Restraint/Challenges
3.3.3. Market Opportunities
3.4. Porter’s Five Forces Analysis
3.5. Potential Venture Avenues
3.6. Market Share Analysis, 2016
3.7. Market Overview – Paraxelene, Product Landscape
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