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.
Get Free Sample Now@ https://www.marketresearchfuture.com/sample_request/5905
The demand for paraxylene is
driven by the growing apparel and textile Market across the regions. The use of PET is rising in the textile Market
due to its recyclability, which reduces the amount of energy consumed while
producing fibers. Furthermore, growing packaging Market 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 Market 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.
Competitive Analysis
Ø Braskem
Ø Chevron
Phillips Chemical Company
Ø BP
p.l.c
Ø Exxon
Mobil Corporation
Ø Reliance
Industries Limited
Ø China
National Petroleum Corporation
Ø GS
Caltex India Pvt. Ltd.
Ø Formosa
Chemical & Fibre Corp.
Ø Honeywell
International Inc.
Ø JXTG
Holdings, Inc.
Ø China
Petrochemicals Corporation
Ø S-OIL
Corporation
Market Segmentation:
The Paraxylene Market is segmented into applications,
end-use Market, 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 Market, 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.
Regional Analysis:
Asia Pacific is leading the
paraxylene market due to growing major end-use industries such as textile and
packaging Market in this region. Growing textile Market 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 Market with changing lifestyle and high per capita income of
the consumers.
Access
Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/paraxylene-market-5905
No comments:
Post a Comment