Paraxylene Market– Future Scope, Industry Trends and Forecast to 2026

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Paraxylene Market Future Scope, Industry Trends
and Forecast to 2026
Paraxylene Market By Application (Purified
Terephthalic Acid (PTA), Dibutyl-Phthalate Xylene
(DI-PX), Dimethyl Terephthalate (DMT), Others),
End User Industry (Plastics, Textile, Packaging,
Polyester Fiber, Others), Geography (North
America, Asia-Pacific, Europe, South America,
Middle East and Africa)  Industry Trends and
Forecast to 2026
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Report Description
Global paraxylene market is projected to register
a substantial CAGR of 7.06 in the forecast
period of 2019-2026. The report contains data of
the base year 2018 and historic year 2017. This
rise in market value can be attributed to the
booming polyester sector, usage of non-
traditional feedstock and development of
PET. Paraxylene, additionally called as PX or
P-Xylene, is a fragrant hydrocarbon compound.
Its a colourless, transparent, enormously
flammable and poisonous chemical that is
chemically obtained from products that consist of
benzene. It forms through the procedure of
catalytic reforming of petroleum derivatives and
segregated through distillation, crystallization
and with the reaction of ethylbenzene. Paraxylene
is an important chemical feedstock and one of the
three isomers of dimethyl benzene, called as
xylenes. It is extensively used in the
large-scale synthesis of several polymers in
which PET production is most significant.
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Major Key Players

• Some of the major players operating in this
  market are
• National Petrochemical Company
• MITSUBISHI GAS CHEMICAL COMPANY, INC.
• JXTG Nippon Oil Energy Corporation
• Exxon Mobil Corporation
• FUJAN REFINING PETROCHEMICAL COMPANY LIMITED,

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Market Segmentation

• By Application (Purified Terephthalic Acid (PTA),
  Dibutyl-Phthalate Xylene (DI-PX), Dimethyl
  Terephthalate (DMT), Others)
• By End User Industry (Plastics, Textile,
  Packaging, Polyester Fiber, Others))

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Regional Analysis

• Based on geography, the market is segmented into
  five geographical regions
• North America
• Europe
• Asia-Pacific
• South America
• Middle East
• Africa

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