Paraxylene Market - Forecast(2022 - 2027)

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Paraxylene MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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• Paraxylene Market size is forecast to reach
  US68.5 billion by 2026 and is growing at a CAGR
  of 7.3 during 2021-2026.
• Paraxylene is a dimethyl benzene-derived aromatic
  hydrocarbon and isomer of the xylene molecule.
  Parylene is a general term for a specific family
  of paraxylene-based polymers.

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Key Takeaways

• Asia Pacific dominates the Paraxylene Market,
  owing to the increasing demand of polyethylene
  terephthalate (PET) from the plastic industry in
  the region.
• The Paraxylene market is benefiting from
  increased demand for PET bottle resin due to the
  increased usage of PET bottles in soft drink and
  mineral water. The growing usage of bio-based
  Paraxylene in bioplastics PET bottles (Bio-PET)
  and other bioplastics applications such as
  catering utensils is expanding the global
  paraxylene market.

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By Distribution Channel- Segment Analysis
Purified Terephthalic Acid segment held the
largest share in the paraxylene Market in 2020
and is growing at a CAGR of 3.7 during
2021-2026. Polyester coatings resins are made
from purified terephthalic acid (PTA) and are
used in the formulation of general metal,
appliance, automobile, industrial maintenance,
and coil coatings. PTA is most commonly used in
polyester powder coating resins. It's also been
employed in unsaturated polyesters for
applications using fiberglass-reinforced
polymers. 
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Paraxylene Market Industry Outlook 

• BP plc
• Chevron PhillipsChemical 
• CNPC
• ExxonMobil
• Mitsubishi Gas Chemical.
• NPC
• RIL

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Paraxylene Market- Forecast (2020 To
2025) Learn More About the Report _at_
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e-market.html
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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