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Paraxylene Px Market Perceive Robust Expansion by 2021
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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.
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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.
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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.
Key geographies evaluated in this report are:
North America
U.S
Canada
Europe
France, Germany, Italy, Spain, and the UK
Eastern Europe
CIS
APAC
China
India
Japan
Australia
Others
Latin America
Argentina
Brazil
Others
Key features of this report
Drivers, restraints, and challenges shaping the Paraxylene (PX) market dynamics
Latest innovations and key events in the industry
Analysis of business strategies of the top players
Paraxylene (PX) market estimates and forecasts(2015 -2021)
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