menu
Paraxylene Market, Regional Analysis, Key Players and Competitive Landscape Forecasts by 2030
Paraxylene Market, Regional Analysis, Key Players and Competitive Landscape Forecasts by 2030
The existence of a mega-scale textile and packaging section in the U.S. is reflecting favorably on the paraxylene market in North America.

Paraxylene Market

Global Paraxylene Market to Capture a Sound Growth Over 2023, Notes FRMR

The polymer industry remains a major consumer of paraxylene and is likely to play an important role in driving the growth of the market over the next couple of years. The aromatic isomer is also popular in industries such as food beverage packaging, textile, and personal care. Over the years, application of PET has risen substantially in textile industry owing to the innate characteristics that allows it to be recycled. The aforementioned factors are supporting the growth of the global P-Xylene market.

Market Research Future (MRFR) in its recent study finds that the global Paraxylene Market will exhibit a steady growth over the next five years. P-Xylene or paraxylene is an industrial material that has been around for quite some time now. Demand for paraxylene is expected to remain sturdy during the foreseeable future as the product continues to find new avenues of application. Some of the conventional application areas for p-xylene include the manufacturing of terephthalic acids, dimethyl terephthalate and purified terephthalic acid.

 Global Paraxylene Market: Competitive Landscape

Some of the top-notch companies operating in the global paraxylene market include BP p.l.c (UK), Exxon Mobil Corporation (U.S.), China National Petroleum Corporation (China), Formosa Chemical Fibre Corp. (Taiwan), JXTG Holdings, Inc. (Japan), S-OIL Corporation (South Korea), Braskem (Brazil), GS Caltex India Pvt. Ltd. (South Korea), Chevron Phillips Chemical Company (U.S.), Reliance Industries Limited (India), China Petrochemicals Corporation (China) and Honeywell International Inc. (U.S.)

 

 Global Paraxylene Market: Segmental Analysis

MRFR’s study also includes a thorough assessment of the paraxylene market based on end-use industry, application and region. By end-use industry, the market has been segmented into packaging, textile and others. By application, the market has been segmented into dimethyl terephthalate, purified terephthalic acid and terephthalic acid.

Sample link - https://www.marketresearchfuture.com/sample_request/5905

 Global Paraxylene Market: Regional Analysis

In the study, the paraxylene market has been covered across regions such as North America, Europe, Asia Pacific (APAC), the Middle East Africa (MEA), and Latin America. The market in Asia Pacific is projected to witness a significant growth during the forecast period. The region presents lucrative opportunities for market players. Many of the countries in the APAC region including China, India and ASEAN members are witnessing a tremendous boom in the economy. The manufacturing sector can be accredited for this economic upsurge. Policy reforms and increased importance given to economic diversification has bolstered the manufacturing sector in the region. Efforts are surely visible as China and India are now establishing themselves as global manufacturing hubs. Moreover, these countries are also preferred by foreign investors for setting up manufacturing facilities due cost benefits and quicker access to raw materials. Europe and North America are the other major markets for paraxylene. Both the regions are expected to make sizable contributions to the growth of the global paraxylene market during the assessment period. 

 

Get Free Sample PDF Brochure @  https://www.marketresearchfuture.com/sample_request/5905

 

Industry News

  • China retaliates to US’s new tariffs by announcing that it would impose new rates on US imports worth $60 billion, which also includes a 10% tariff on US-origin paraxylene.

 

  • Anellotech, Inc. a sustainable technology expert has recently completed a successful two-week non-stop pilot plant trial in association with Japan-based Suntory Holdings Limited, a brewing and distilling company to develop 100% Bio-based Plastic Bottle at its Texas plant.

About Market Research Future:

 

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

 

Market Research Future®

 

99 Hudson Street,5Th Floor

 

New York, New York 10013

 

United States of America

 

Phone:

 

+1 628 258 0071(US)

 

+44 2035 002 764(UK)

 

 

Email: sales@marketresearchfuture.com