Para xylene Uses Market share Research Report by Type, by Region - Global Forecast to 2027
Para-Xylene Market –
Market Overview
Xylene is a clear, colorless and flammable solution
which is produced from crude oil. Xylene primarily exists in three isomeric
forms such as ortho-xylene, meta-xylene and para-xylene. Para xylene or PX or
P-xylene is basically an aromatic hydrocarbon compound, which is colorless,
sweet-smelling, toxic, and highly flammable chemical. Para-xylene is
extensively used for the production of dimethyl terephthalate (DMT) and
terephthalic acid (PTA) which are further used in the manufacturing of
polyesters. Moreover, para-xylene is primarily used in the production of
polyethylene terephthalate (PET) which is primarily used as a packaging
materials for carbonated drinks, water bottles, and other containers for food,
beverages and personal care products.
According to the analysis of MRFR, the major market
forces and trends driving growth of the global Para-Xyleparaxylene Uses Market includes increasing demand for various
applications such as packaging, textile and construction materials among
others. Moreover, the increasing personal disposable income in the developing
economies throughout the globe has augmented the demand for polyester fibers
which in turn is expected to fuel the growth of the global Para-Xylene Market
during the forecast period. In addition, the growing demand for polyethylene
terephthalate (PET) as a packaging material is further expected to affect the
market positively. However, stringent government regulations regarding the use
of Polyethylene terephthalate due to the non-biodegradable nature and harmful
environmental effects in the developed regions such as Europe and North America
coupled with the lack of competent labor for handling and transportation of
hazardous para-xylene chemicals in the developing economies can act as a major
down side to the growth of the market.
Table Of Content :
1 Executive Summary
2 Scope Of The Report
2.1Market Definition
2.2Scope Of The Study
2.2.1Research Objectives
2.2.2Assumptions & Limitations
2.3Markets Structure
3Market Research
Methodology
3.1Research Process
3.2Secondary Research
3.3Primary Research
3.4Forecast Model
4Market Landscape
4.1Five Forces
Analysis
4.1.1Threat Of New Entrants
4.1.2Bargaining Power Of Buyers
4.1.3Threat Of Substitutes
4.1.4Segment Rivalry
4.2Value Chain/Supply
Chain Of Global Paraxylene Market
5Industry Overview Of
Global Paraxylene Market
5.1Introduction
5.2Growth Drivers
5.3Impact Analysis
5.4Market Challenges
5.5Impact Analysis
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Industry/ Innovation/
Related News:
November 16,
2016- A team of chemical
researchers including doctorates and professors from university of
Massachusetts has innovated a process for production of para-xylene which
involves the use of biomass as feedstock with a 97% yield. This innovation is
expected to fuel the production of para-xylene owing to its cost efficiency and
higher.
April 21, 2017
– Reliance Industries
limited announced the successful completion of the final phase of para-xylene
project including aromatic extraction units, trans-alkylation and PX
crystalliser trains at Jamnagar. The plant is constructed with efficient
technology from British Petroleum which is anticipated to push Reliance to the
second spot in the global market of para-xylene producers. Reliance has
successfully implemented the first phase of the project earlier in 2016. This
development is expected to augment the market of para-xylene in India which in
turn will positively affect the Asia Pacific para-xylene market.
February 11, 2016 – Hengli Petrochemical Company Limited has
collaborated with Axens for the procurement of technology, in the first crude
to paraxylene complex located in China. This complex is expected to hold a
capacity of processing 4,00,000 barrels of crude oil per day which will further
cater to the purified terephthalic acid (PTA) plants for the use in the PET
applications. This collaboration will further drive the market of PET
application will in turn will surge the growth of the para-xylene market.
Key Players:
Braskem, Exxon Mobil Corporation, Formosa Chemicals
& Fibre Corporation, Reliance Industries Limited, Royal Dutch Shell plc.,
US Petrochemical Industries Inc. The Dow Chemicals Company, BASF SE, Conoco
Phillips Corporation, JXTG Nippon Oil and Energy Corporation, China national
Petroleum Corporation, British Petroleum, Jurong Aromatics Corporation, Lotte
Chemical Corporation, Sinopec Corporation, and CNOOC Limited among others are
some of the prominent players at the forefront of competition in the global
Para-Xylene Market and are profiled in MRFR Analysis.
Para-Xylene Market-
Competitive Landscape
The global Para-Xylene Market is a highly lucrative
market driven by flourishing growth in packaging and petrochemical industry,
along with the propelling textile industry. Exxon Mobil Corporation, the Dow
Chemicals Company, Royal Dutch Shell plc. and BASF SE, China national Petroleum
Corporation among others are some of the major players operating in this
market. Most of these market participants are adopting the expansion and
product launch tactics to strengthen their production capacities and market
position. Taking account of these trends the global Para-Xylene Market is
projected to witness considerable competition over the forecast period of
2017-2023.
Asia pacific is expected to be the fastest growing
region during the forecast years. The growing population in the developing
countries and increasing GDP has augmented the demand for PET in the packaging
sector coupled with increasing use of para xylene as pesticides, solvents and
coatings especially in India and China is further expected to boost the market
growth. However, strict regulation in North America and Europe is expected to
show sluggish growth during the forecast years.
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