Market Overview:
The global paraXylene market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plastics and textiles, and rising investments in new paraXylene production capacities. The purified terephthalic acid (PTA) segment is expected to dominate the market during the forecast period, owing to its growing demand from plastics and textile applications. Asia Pacific is expected to be the fastest-growing region in terms of paraXylene consumption during the forecast period.
Product Definition:
ParaXylene is an aromatic hydrocarbon that is used in the production of polyester fibers and plastics. It is also used as a solvent and in the manufacture of pharmaceuticals.
Purified terephthalic acid (PTA):
PTA is a highly purified form of terephthalic acid which is used as an intermediate in the production of polyester resin. PTA has applications in paints & coatings, adhesives & sealants, and plastic industries. Growth factors such as increasing demand from end-use industries and government support to promote the use of green chemicals are expected to drive market growth over the forecast period.
Dimethyl terephthalate (DMT):
It has a strong odor similar to that of acetone and is highly flammable. DMT can be produced by both synthetic and natural processes; however, the majority of it's production currently takes place via the petrochemical process.
Application Insights:
The other application segment includes paints and coatings, adhesives, inks and printing inks. paraXylene is used as a raw material for the manufacturing of various industrial products such as plastics, textiles and others. In 2017, the plastic application segment dominated the global market with over 55% share of the total revenue. The growth can be attributed to increasing demand from packaging industry coupled with stable supply from petrochemical plants at reasonable prices.
Para-xylene has high chemical resistance which makes it suitable for use in industrial applications including paints & coatings where it is used as an additive to improve hardness and glossiness of paint films or applied directly onto substrates such as metal foils or glass surfaces owing to its low molecular weight properties.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for approximately 60% of global production owing to cheap labor, availability of raw materials, and proximity to end-use markets. China is a major consumer as well as producer in this region due to presence of various chemical manufacturers such as Sinopec Corporation; however, rising competition from low-cost producers has negatively impacted profit margins in recent years.
North America emerged as the second-largest consumer with U.S., followed by Canada being one of the major consumers owing to high demand from end-use industries such as paints & coatings; plastics; automotive etc. Europe also accounted for a significant share due to growth across several end-use industries including construction; packaging & labeling etc.
Growth Factors:
- Increasing demand from the textile industry as a result of growth in the global population and rising disposable income levels in developing countries.
- Rapid urbanization, which is resulting in an increase in demand for para-xylene for use in paints and coatings products.
- Growth of the automotive industry, particularly in Asia Pacific and Latin America, which is leading to an increase in demand for para-xylene as a component of polyester fibers used to manufacture car parts and upholstery fabrics.
- Rising environmental awareness among consumers, which is driving the demand for bio-based para-xylene products over traditional petrochemical based ones.
Scope Of The Report
Report Attributes
Report Details
Report Title
ParaXylene Market Research Report
By Type
Purified terephthalic acid (PTA), Dimethyl terephthalate (DMT), Others
By Application
Plastics, Textile, Other
By Companies
BASF, BP, Chevron Phillips Chemical, CNPC, ExxonMobil, Mitsubishi Gas Chemical, NPC, RIL, Saudi Aramco, BASF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global ParaXylene Market Report Segments:
The global ParaXylene market is segmented on the basis of:
Types
Purified terephthalic acid (PTA), Dimethyl terephthalate (DMT), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Plastics, Textile, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- BP
- Chevron Phillips Chemical
- CNPC
- ExxonMobil
- Mitsubishi Gas Chemical
- NPC
- RIL
- Saudi Aramco
- BASF
Highlights of The ParaXylene Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Purified terephthalic acid (PTA)
- Dimethyl terephthalate (DMT)
- Others
- By Application:
- Plastics
- Textile
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the ParaXylene Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
ParaXylene is a chemical that is used in the production of plastics and other materials. It can be found in products such as paints, varnishes, and sealants. ParaXylene can also be released into the environment when these products are manufactured or used.
Some of the major companies in the paraxylene market are BASF, BP, Chevron Phillips Chemical, CNPC, ExxonMobil, Mitsubishi Gas Chemical, NPC, RIL, Saudi Aramco, BASF.
The paraxylene market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ParaXylene Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 ParaXylene Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ParaXylene Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the ParaXylene Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global ParaXylene Market Size & Forecast, 2020-2028
4.5.1 ParaXylene Market Size and Y-o-Y Growth
4.5.2 ParaXylene Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Purified terephthalic acid (PTA)
5.2.2 Dimethyl terephthalate (DMT)
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Plastics
6.2.2 Textile
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ParaXylene Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 ParaXylene Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Purified terephthalic acid (PTA)
9.6.2 Dimethyl terephthalate (DMT)
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Plastics
9.10.2 Textile
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Purified terephthalic acid (PTA)
10.6.2 Dimethyl terephthalate (DMT)
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Plastics
10.10.2 Textile
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Purified terephthalic acid (PTA)
11.6.2 Dimethyl terephthalate (DMT)
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Plastics
11.10.2 Textile
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Purified terephthalic acid (PTA)
12.6.2 Dimethyl terephthalate (DMT)
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Plastics
12.10.2 Textile
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Purified terephthalic acid (PTA)
13.6.2 Dimethyl terephthalate (DMT)
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Plastics
13.10.2 Textile
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 ParaXylene Market: Competitive Dashboard
14.2 Global ParaXylene Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 BP
14.3.3 Chevron Phillips Chemical
14.3.4 CNPC
14.3.5 ExxonMobil
14.3.6 Mitsubishi Gas Chemical
14.3.7 NPC
14.3.8 RIL
14.3.9 Saudi Aramco
14.3.10 BASF
