openPR Logo
Press release

Paraxylene Market 2023 | Global Key Vendors; Honeywell International Inc., Braskem, BP p.l.c, Chevron Phillips Chemical Company, Exxon Mobil Corporation, Reliance Industries Limited, China National Petroleum Corporation, GS Caltex India Pvt. Ltd, Formosa

Paraxylene Market 2023 | Global Key Vendors; Honeywell

Market Overview:

Paraxylene also known as P-Xylene is an aromatic hydrocarbon and isomer of xylene compound, which is derived from dimethylbenzene. It is used in terephthalic acid, purified terephthalic acid, and dimethyl terephthalate. Purified terephthalic acid is majorly used in the production of polyethylene terephthalate. Applications of paraxylene are increasing in major end-user industries such as textile and packaging for food, beverages, and personal care products.

The demand for paraxylene is driven by the growing apparel and textile industry across the regions. The use of PET is rising in the textile industry due to its recyclability, which reduces the amount of energy consumed while producing fibers. Furthermore, growing packaging industry across the globe is another factor driving the growth of the global paraxylene market. Surging demand for the packaged food and beverages from the working population owing to convenience and longer shelf life is uplifting the market growth. Paraxylene consumption is growing in cosmetics and personal care industry with increasing focus on the consumer on their personal appearance. Moreover, growing demand for polymers from the major end user industries is propelling the market growth.

Receive sample Copy@ https://www.marketresearchfuture.com/sample_request/5905

Some of the major trends noticed among the market players are acquisitions and licensing agreements for business expansion. For instance, in February 2018, British Petroleum (BP) and SOCAR TURKEY ENERGI A.S entered into a licensing agreement for the BP’s purified acid technology. This technology will reduce the amount required for capital investment and improve energy efficiency. However, growing environmental regulations regarding the use of the petrochemicals may hamper the growth of global paraxylene market.

Market Segmentation

The global paraxylene market is segmented into applications, end-use industry, and region.

On the basis of the application, the paraxylene market is divided into terephthalic acid, purified terephthalic acid, and dimethyl terephthalate.
Based on the end use industry, the global paraxylene market is segmented into textile, packaging, and others.

Geographically, the market is segmented into five key regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Access Report Details @ https://www.marketresearchfuture.com/reports/paraxylene-market-5905

Regional Analysis

Asia Pacific is leading the paraxylene market due to growing major end-use industries such as textile and packaging industry in this region. Growing textile industry in India with rising demand for the apparels from the expanding population is likely to propel the market growth. Moreover, increasing requirement for the packaged food products by the working population owing to convenience is stimulating the product demand.

North America and Europe are expected to propel the market growth during the review period due to the growing apparel industry with changing lifestyle and high per capita income of the consumers.

Competitive Analysis

 Braskem
 Chevron Phillips Chemical Company
 BP p.l.c
 Exxon Mobil Corporation
 Reliance Industries Limited
 China National Petroleum Corporation
 GS Caltex India Pvt. Ltd.
 Formosa Chemical & Fibre Corp.
 Honeywell International Inc.
 JXTG Holdings, Inc.
 China Petrochemicals Corporation
 S-OIL Corporation

Ask Query@ https://www.marketresearchfuture.com/enquiry/5905

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Paraxylene Market 2023 | Global Key Vendors; Honeywell International Inc., Braskem, BP p.l.c, Chevron Phillips Chemical Company, Exxon Mobil Corporation, Reliance Industries Limited, China National Petroleum Corporation, GS Caltex India Pvt. Ltd, Formosa here

News-ID: 1114861 • Views:

More Releases from Market Research Future (MRFR)

AI in Social Media Market Eyeing Remarkable Growth due to Proliferation of Virtual Assistants and Chatbots on social media
AI in Social Media Market Eyeing Remarkable Growth due to Proliferation of Virtu …
Market Analysis AI in Social Media Market Size was valued at USD 0.55 billion in 2022. The AI in Social Media Market Industry is projected to grow from USD 0.70 Billion in 2023 to USD 5.32 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 28.70% during the forecast period (2023-2032). Drivers Increasing Use of social media in Online Shopping to Boost Market Growth The increasing utilization of
Envisioning Growth: Machine Vision Market Industry Expected to Reach USD 21.3 Billion by 2030 from USD 13.1 Billion in 2023
Envisioning Growth: Machine Vision Market Industry Expected to Reach USD 21.3 Bi …
Machine Vision Market Size was valued at USD 12.1 Billion in 2022. The Machine Vision market industry is projected to grow from USD 13.1 Billion in 2023 to USD 21.3 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.2% during the forecast period (2023 - 2030). Machine vision is a computer's ability to see; it makes use of one or more video cameras, analog-to-digital conversion (ADC), and
Anticipated Growth: Web 3.0 Blockchain Market Industry Set to Surge from USD 3.2 Billion in 2022 to USD 38.6 Billion by 2030
Anticipated Growth: Web 3.0 Blockchain Market Industry Set to Surge from USD 3.2 …
Web 3.0 Blockchain Market Size was valued at USD 2.2 billion in 2021. The Web 3.0 Blockchain market industry is projected to grow from USD 3.2 billion in 2022 to USD 38.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 43.6% during the forecast period (2022 - 2030). Web 3.0 represents the next iteration or phase of the web/evolution. Internet's Web 3.0 is based on the fundamental
Thermoplastic Polyolefins Market by Type, Application and Region - Global Forecast to 2030
Thermoplastic Polyolefins Market by Type, Application and Region - Global Foreca …
Thermoplastic polyolefins (TPOs) represent a significant segment within the broader landscape of thermoplastics. Offering a unique balance of properties such as flexibility, durability, chemical resistance, and cost-effectiveness, TPOs have witnessed widespread adoption across various industries. This paper delves into the multifaceted realm of the thermoplastic polyolefins market, exploring its key drivers, challenges, applications, and future prospects. Thermoplastic polyolefins are high-performance polypropylene based compound, which has the combination of polyolefin semi-crystalline

All 5 Releases


More Releases for Paraxylene

Bio-based Paraxylene Market 2021 | Detailed Report
Global Bio-based Paraxylene Market 2021-2027, 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 in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team. Get Free Sample PDF (including full TOC, Tables and Figures)
Paraxylene Market Competitive Landscape & Growth Opportunities 2024
The top three vendors in the global paraxylene market, namely Reliance Industries Limited, S-Oil Corporation, and BP plc., collectively accounted for a meagre 12% of the overall market in 2015, says a recent market research report by Transparency Market Research. Nearly 85% of the world’s paraxylene production is credited to a vast number of small firms or subsidiaries of larger chemical companies, making the market highly fragmented. Companies are focusing
Paraxylene Market Competitive Dynamics & Global Outlook 2024
The top three vendors in the global paraxylene market, namely Reliance Industries Limited, S-Oil Corporation, and BP plc., collectively accounted for a meagre 12% of the overall market in 2015, says a recent market research report by Transparency Market Research. Nearly 85% of the world’s paraxylene production is credited to a vast number of small firms or subsidiaries of larger chemical companies, making the market highly fragmented. Companies are focusing
Paraxylene Px Market Perceive Robust Expansion by 2021
Paraxylene, also known as PX or P-Xylene, is an aromatic hydrocarbon compound, derived particularly from benzene. Paraxylene is a colorless, toxic, sweet-smelling, and highly flammable chemical at room temperature . It is found naturally in petroleum and coal tar. Paraxylene or P-Xylene is an isomer of xylene compound, derived from benzene. Some of the other isomers of xylene include O-xylene and M-xylene. Paraxylene finds its largest application in large-scale manufacturing
Paraxylene Px Market Perceive Robust Expansion by 2021
Paraxylene, also known as PX or P-Xylene, is an aromatic hydrocarbon compound, derived particularly from benzene. Paraxylene is a colorless, toxic, sweet-smelling, and highly flammable chemical at room temperature . It is found naturally in petroleum and coal tar. Paraxylene or P-Xylene is an isomer of xylene compound, derived from benzene. Some of the other isomers of xylene include O-xylene and M-xylene. Paraxylene finds its largest application in large-scale manufacturing
Paraxylene Px Market Perceive Robust Expansion by 2021
Paraxylene, also known as PX or P-Xylene, is an aromatic hydrocarbon compound, derived particularly from benzene. Paraxylene is a colorless, toxic, sweet-smelling, and highly flammable chemical at room temperature . It is found naturally in petroleum and coal tar. Paraxylene or P-Xylene is an isomer of xylene compound, derived from benzene. Some of the other isomers of xylene include O-xylene and M-xylene. Paraxylene finds its largest application in large-scale manufacturing