Paraxylene Market Research to Witness an Outstanding Growth by 2024 - PowerPoint PPT Presentation

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Paraxylene Market Research to Witness an Outstanding Growth by 2024

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Paraxylene Market Research to Witness an Outstanding Growth by 2024 – PowerPoint PPT presentation

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Title: Paraxylene Market Research to Witness an Outstanding Growth by 2024


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
    various tools and techniques to gather and
    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
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.
  • The attractive growth of the market will be
    sustained by the rapid strides being taken by the
    textile industry across the globe.

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4
PTA See Swift Uptake due to High Demand 
  • By application, the market is divided into PTA
    and DMT. PTA rose as the overwhelming application
    portion with a noteworthy market share. Various
    uses incorporate dissolvable.
  • For all intents and purposes, PTA is the sole
    driver for item demand as around 97 of the all
    PX demand goes into PTA manufacturing. 
  • Extreme demand for PTA in polyester application
    is giving considerable development potential to
    this item section.
  • PET is generally used in packaging and bundling
    of soda pops. Development in drink industry
    alongside improvement in bundling and packaging
    advances is projected to create demand for PTA
    over the coming years. 

5
Asia Pacific, Powered by China, Leads Market 
  • Asia Pacific is leading the market for Paraxylene
    followed by Europe and North America, Latin
    America, Middle East and Africa, and RoW are the
    fastest-growing Paraxylene markets in recent
    years.
  • Country wise, China, India, and the U.S. have
    some of the largest paraxylene market. China held
    the largest market share in terms of regional
    consumption of paraxylene.
  • The size of the peracetic acid market is
    relatively low in the RoW region. However, it is
    expected to witness healthy growth throughout the
    forecasted period,

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

7
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