Paraxylene Market to Receive Overwhelming Hike in Revenues by 2023 - PowerPoint PPT Presentation

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Paraxylene Market to Receive Overwhelming Hike in Revenues by 2023

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Title: Paraxylene Market to Receive Overwhelming Hike in Revenues by 2023


1
Paraxylene Market
  • Global Industry Analysis, Size, Share, Growth,
    Trends and Forecast, 2024

2
About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
    exclusive blend of quantitative forecasting and
    trends analysis provides forward-looking insight
    for thousands of decision-makers. We have an
    experienced team of Analysts, Researchers, and
    Consultants, who use proprietary data sources and
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    analyze information. Our business offerings
    represent the latest and the most reliable informa
    tion indispensable for businesses to sustain a
    competitive edge.
  • Each TMR Syndicated Research report covers a
    different sectorsuch as pharmaceuticals,
    chemical, energy, food beverages,
    semiconductors, med-devices, consumer goods, and
    technology. These reports provide in-depth
    analysis and deep segmentation to possible micro
    levels. With a wider scope and stratified
    research methodology, our syndicated reports
    strive to serve clients and satisfy their overall
    research requirement.

3
Paraxylene Market Snapshot
  • Paraxylene known as p-xylene, is a chemical
    important for the production of PET plastic
    containers and polyester fiber. Paraxylene is
    used as a feedstock to make other modern
    synthetics, prominently terephthalic acid (TPA),
    cleansed terephthalic acid (PTA) and
    dimethyl-terephthalate (DMT).
  • TPA, PTA and DMT are utilized to produce
    polyethylene terephthalate (PET) polyesters, a
    sort of plastic. 
  • Bottles produced using PET plastic are generally
    utilized to store water, soft drinks, and
    different refreshments since PET is lightweight,
    break safe, and strong.

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4
Supportive Government Policies to Drive Demand
for Off-Grid Solar Lighting Products 
  • Globally the demand for off-grid solar lighting
    products is rising at a significant rate as
    people needs better and advanced lighting
    options.
  • In several regions, especially in developing
    regions people are highly dependent on natural
    fuels such as wood, kerosene, and coal.
  • But the use of these sources have an extreme
    adverse effect on the environment.
  • Therefore, off-grid solar lighting products have
    been introduced that will help in minimizing the
    effect of these natural fuels and increase the
    demand in this market. 

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5
Rising uptake in Packaging and Textile
Manufacturing Industries drive Growth
  • The substantial usage of paraxylene in making PTA
    which is a key raw material for making PET
    provides a robust underpinning to the rapid
    expansion of the market during the forecast
    period.
  • The widespread uptake of PET in numerous
    applications in the textile industry is a key
    factor boosting the market.
  • The usage of paraxylene in manufacture of
    furnishings, technical textiles, and clothing, is
    substantially adding to the overall global
    revenues in the market.

6
Some of the key vendors operating in the global
paraxylene market
  •  Sinopec Corporation,
  • China National Petroleum Corporation
  • BP plc
  • Exxon Mobil Corporation
  • JX Nippon Oil Energy Corporation
  • among others

7
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