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Paraxylene Market Global Industry Analysis, Trends, Market Size & Forecasts To 2023


Paraxylene Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Š Infinium Global Research

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Paraxylene Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

"We have produced a new premium report Paraxylene Market. The report covers the analysis of global as well as regional markets of Paraxylene. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Paraxylene Market by product type (purified terephthalic acid (PTA), dimethyl terephthalate (DMT) and others (solvents) through main geographies in the global market such as North America, Europe, Asia-Pacific and RoW. The global Paraxylene market is projected to surpass USD 36.8 billion by 2023, growing with a CAGR of 7% 2017 to 2023. The report covers market changing dynamics including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Paraxylene Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Paraxylene Market are BASF SE , BP plc, China National Petroleum Corporation, Exxon Mobil Corporation, Sinopec Corporation, CNOOC Limited, Lotte Chemical Corporation, S-Oil Corporation, JX Nippon Oil & Energy Corporation, Reliance Industries Limited, and Jurong Aromatics Corporation." For More Details Get Free Sample Pages of this Premium Report @ https://www.infiniumglobalresearch.com/reports/sample-request/731 High demand for polyethylene terephthalate (PET) to promote growth in the par-xylene market over 2017 to 2023 Increasing demand for purified terephthalic acid (PTA) for polyethylene terephthalate (PET) application will be one of the major factors that will have a positive impact on the growth of the market .Additionally, Increasing resin prices along with concerns regarding nondisposable nature of petrochemical-based PET has created a need for bio-based PET. On the Š Infinium Global Research

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Paraxylene Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

other hand, increasing use of bio-based par xylene in bio plastics PET bottles (Bio-PET) and other bio plastics applications such as catering utensils is creating new opportunities for the Par xylene market. Asia Pacific region to contribute to growth in the global paraxylene market over the next 6 years Asia-Pacific accounted for the largest market share, among all the regions followed by North America and Europe. Moreover, China is expected to remain the center of the Asia Pacific paraxylene market’s expansion and growth. Furthermore, higher polyester demand in Southeast Asian countries such as Indonesia, Vietnam, and Thailand is expected to drive industry expansion for the near future. However, Paraxylene is expected to witness healthy growth throughout the forecasted period, especially in petroleum-rich countries of the Middle East. Omkar Harne a research analyst at Infinium Global Research quoted that increasing use of bio-based paraxylene in bio plastic PET bottles (Bio-PET) and other bioplastic applications is expected to have a positive impact on the market for paraxylene in the Asia Pacific region. Mergers and Acquisitions to remain key expansion strategies of the leading players in the Paraxylene market between 2017-2023 The leading companies identified in the market are JX Nippon Oil & Energy Corp., BP, CNPC, Reliance Industries Ltd. These companies have been investing heavily in R&D and capacity expansions to meet increasing demand.Moreover, ExxonMobil bought Singapore’s Jurong Aromatics plant in order to penetrate the ASEAN (Association of Southeast Asian Nations) market. Segments Covered in this Premium Report

© Infinium Global Research

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Paraxylene Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

The report segments the global paraxylene market by application, product type and region. The product type includes purified terephthalic acid (PTA), dimethyl terephthalate (DMT) and others (solvents). PX solvents are used to produce di-paraxylene and herbicides; however, it is approximately 2% – 3% of the overall PX. The report also provides insights on paraxylene production and utilization along with high level trade statistics. Geographic Coverage and Analysis: The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In volume terms, Asia-Pacific is the largest market followed by North America. While Europe and North America are declining markets for polyesters; Asia, in particular, China is expanding exponentially over the years. On one hand China has become the largest importer of Paraxylene to produce polyester fibers and packaging materials; Middle East and North & South Asia have become net exporters. Major key Players Covered in this Report The companies covered in the report include BASF SE , BP plc, China National Petroleum Corporation, Exxon Mobil Corporation, Sinopec Corporation, CNOOC Limited, Lotte Chemical Corporation, S-Oil Corporation, JX Nippon Oil & Energy Corporation, Reliance Industries Limited, and Jurong Aromatics Corporation. Report Highlights: The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of paraxylene globally as well as regionally. Moreover, IGR-growth matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as porter’s five forces analysis and value chain analysis of paraxylene. © Infinium Global Research

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Paraxylene Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the paraxylene market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the paraxylene market to understand the present and future trends in this market and formulate their strategies accordingly. Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/chemical-material/global-paraxylene-market

Š Infinium Global Research

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Paraxylene Market : Latest Innovations, Drivers, Dynamics And Strategic Analysis, Challenges by 2023  

The global Paraxylene market is projected to surpass USD 36.8 billion by 2023, growing with a CAGR of of 7% 2017 to 2023. Paraxylene (PX) i...

Paraxylene Market : Latest Innovations, Drivers, Dynamics And Strategic Analysis, Challenges by 2023  

The global Paraxylene market is projected to surpass USD 36.8 billion by 2023, growing with a CAGR of of 7% 2017 to 2023. Paraxylene (PX) i...

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