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


Paraxylene Market to Receive Overwhelming Hike in Revenues by 2023 – PowerPoint PPT presentation

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

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

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  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
    exclusive blend of quantitative forecasting and
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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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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
  • 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. 

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
  • 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.

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

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