openPR Logo
Press release

Paraxylene Px Market to Exhibit Impressive Growth During 2015-2021

Paraxylene Px Market to Exhibit Impressive Growth During

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 of terephthalic acid for polyester; also known as parylene. The production process of paraxylene is one of the most complicated among all the chemicals; simple crystallization of the xylene normally led to complex purification process owing to the formation of eutectic mixtures . It is manufactured by catalytic reforming of naptha, a petroleum derivative, and separated in a series of adsorption or crystallization, distillation, and reaction processes from ethyl benzene, o-xylene, and m-xylene. The melting point of Paraxylene is highest among other isomers of xylene.

A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/3889

Based on end-user application, the global paraxylene market can be broadly categorized as dimethyl terephthalate (DMT), purified terephthalic acid (PTA), dibutyl phathalate xylene (Di-PX), and others. PTA accounted for the largest share in the paraxylene market in 2013 owing to their increased use in the polyester chain. On the other hand, DMT was the fasted-growing segment in 2013.

In recent years, the demand-supply gap in the paraxylene market broadened owing to increasing application of paraxylene in various other nontraditional applications such as PET bottles. However, the production remains tight with limited number of manufacturers; owing to complicated manufacturing process associated with the paraxylene . Increasing use of PTA in polyester manufacturing is the most-dominant driver of the global paraxylene market. More than two-third of the total Paraxylene production was used in manufacturing pollster in 2013. Moreover, the rising demand for PET bottle resin due to increasing use of PET in soft drink and mineral water bottles is further boosting the paraxylene market.

Increasing use of bio-based paraxylene in bioplastics PET bottles (Bio-PET) and other bioplastics applications such as catering utensils is creating new opportunities for the Paraxylene market.

Asia Pacific is the largest market for Paraxylene followed by Europe and North America. Asia Pacific and RoW (including Latin America, the Middle East, and Africa) are two of the fasted-growing Paraxylene markets, which witnessed an above-average growth in recent years. Country wise , China, the U.S., and India are some of the largest regional markets for paraxylene. China held the largest market share in 2013 in terms of regional consumption of paraxylene. The size of the peracetic acid market is relatively low in the RoW region. However, it is expected to witness healthy growth throughout the forecasted period, especially in petroleum-rich countries of the Middle East.

To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/3889

Some of the major companies operating in the global Paraxylene (Px) market 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.

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.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 Px Market to Exhibit Impressive Growth During 2015-2021 here

News-ID: 1281431 • Views: 161

More Releases from Persistence Market Research (PMR)

Virtual Desktop Infrastructure Market Unit Sales to Witness heightened Growth in …
As per findings of a new market research report by Persistence Market Research, the global virtual desktop infrastructure market reached a valuation of nearly US$ 3.5 Bn in 2019, and is anticipated to exhibit a CAGR of around 12% during the forecast period of 2020 to 2030.The adoption of BYOD allows employees to bring their own devices in the organization, which allows then to access company information and applications via virtual desktop infrastructure. With such a BYOD policy, both, employers
Physician Scheduling Systems Market to Generate Profitable Avenues for Existing …
As per findings of a new market research report by Persistence Market Research, the global physician scheduling system market reached US$ 311 Mn in 2019 and is anticipated to exhibit a healthy CAGR of 14% during the forecast period of 2020 to 2030. Adoption of physician scheduling systems is increasing across the world, as physicians encounter difficulties with increasing administrative tasks and regulations, which affects their ability to offer patient care, and they struggle to sustain their practices. To combat administrative work
Demand for Rfid Electronic Toll Collection System Market from Major End-use Sect …
Many toll collection systems have already been developed with RFID technology, which is used to verify the identity of vehicles. RFID technology can provide new capabilities as well as an efficient method to manage, analyze, and collect information of vehicles at toll plazas. RFID electronic toll collection lanes reduce the traffic at toll booths. Increasing number of RFID lane systems, resulting in increased demand for integration, support services, and maintenance,
Smart Home Cloud Platform Market Unit Sales to Witness heightened Growth in the …
In a smart home, appliances such as ACs, TVs, geysers, and lights have the potential to communicate with a cloud server. The cloud server communicates with these smart devices by sending and receiving signals through smartphones, laptops, or voice-enabled digital assistant devices.A homeowner can make his/her existing home smart by integrating cloud-based technology with it. Cloud computing enables homeowners to remotely access their home appliances, even if they are miles

All 5 Releases


More Releases for Paraxylene

Paraxylene Market 2024 Global Analysis, Opportunities and Forecast
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 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 Market Evolving Industry Trends 2024
The global market for paraxylene is driven by the significant growth observed across the global polyester market in the past few years, which is led by the rising demand from textile applications, and the high demand for polyethylene terephthalate (PET) in Asia Pacific. Although the market is expected to embark upon a smooth growth path in the region in the next few years, it will witness limited growth avenues in
Asia Pacific Serves Maximum Demand in Distributed Global Paraxylene Market
Paraxylene, produced from naphtha, is an aromatic hydrocarbon, which acts as the basic raw material for the commercial production of dimethyl terephthalate (DMT) and purified telephthalic acid (PTA). These two materials are used for the production of polyester, a highly useful petrochemical that is used in various industrial purposes such as textile manufacturing and packaging. Paraxylene also finds application as a solvent as well as is the raw material for
Paraxylene (PX) Market to Register a Stout Growth 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