PUBLISHER: IMARC | PRODUCT CODE: 1468565
PUBLISHER: IMARC | PRODUCT CODE: 1468565
Paraxylene (PX) Market Report by Application (Purified Terephthalic Acid (PTA), Dimethyl Terephthalate (DMT), and Others), End Use Industry (Plastics, Textile, and Others), and Region 2024-2032
The global paraxylene (PX) market size reached US$ 49.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 78.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
Paraxylene, also known as PX or P-Xylene, is an aromatic hydrocarbon compound. It is a colorless, transparent, highly flammable and toxic chemical which is chemically derived from products containing benzene. It is produced through the process of catalytic reforming of petroleum derivatives and is separated through crystallization, distillation and the reaction of ethylbenzene. It is primarily used as a raw material in the manufacturing of industrial chemicals such as purified terephthalic acid (PTA), purified dimethyl terephthalate (DMT) and others. It also finds applications in the production of packaging materials, polyester fibres, construction materials, etc.
The growing demand for plastics across the globe is the key factor driving the market. Paraxylene forms the core component in the production of plastic products. As a result, it is utilized for manufacturing polyethylene terephthalate (PET) bottles commonly used as containers for soda, water and other beverages. Paraxylene is also being used in the production of various household products such as containers for cosmetics and toiletries, and curtain fabrics, clothing and upholstery. Furthermore, the development of bio-based paraxylene is significantly contributing to the market growth. Increasing environmental awareness has encouraged consumers to seek eco-friendly options. Consequently, bioplastics, of which bio-based paraxylene is an integral component, are widely being incorporated across industries as a sustainable alternative to the conventionally used plastics. Other factors such as a thriving packaging industry are also contributing to the growth of the market.
IMARC Group's latest report provides a deep insight into the global paraxylene (PX) market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the paraxylene (PX) market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global paraxylene (PX) market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on application and end use industry.
Breakup by Application:
Purified Terephthalic Acid (PTA)
Dimethyl Terephthalate (DMT)
Others
Breakup by End Use Industry:
Plastics
Textile
Others
Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Braskem, China National Petroleum Corporation, ENEOS Corporation, ExxonMobil Corporation, Fujian Refining & Petrochemical Company Limited, Mangalore Refinery & Petrochemicals Ltd (Oil and Natural Gas Corporation Limited), Mitsubishi Gas Chemical Company Inc., National Petrochemical Company, PT Pertamina, Reliance Industries Limited, SK incheon petrochem Co. Ltd. and Toray International Inc.
Key Questions Answered in This Report
- 1. What was the size of the global paraxylene (PX) market in 2023?
- 2. What is the expected growth rate of the global paraxylene (PX) market during 2024-2032?
- 3. What are the key factors driving the global paraxylene (PX) market?
- 4. What has been the impact of COVID-19 on the global paraxylene (PX) market?
- 5. What is the breakup of the global paraxylene (PX) market based on the application?
- 6. What are the key regions in the global paraxylene (PX) market?
- 7. Who are the key players/companies in the global paraxylene (PX) market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Properties
- 4.3 Key Industry Trends
5 Global Paraxylene (PX) Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Application
- 5.5 Market Breakup by End Use Industry
- 5.6 Market Breakup by Region
- 5.7 Market Forecast
6 Market Breakup by Application
- 6.1 Purified Terephthalic Acid (PTA)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Dimethyl Terephthalate (DMT)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by End Use Industry
- 7.1 Plastics
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Textile
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Region
- 8.1 Asia Pacific
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 North America
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Europe
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Middle East and Africa
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Latin America
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Braskem
- 13.3.2 China National Petroleum Corporation
- 13.3.3 ENEOS Corporation
- 13.3.4 ExxonMobil Corporation
- 13.3.5 Fujian Refining & Petrochemical Company Limited
- 13.3.6 Mangalore Refinery & Petrochemicals Ltd (Oil and Natural Gas Corporation Limited)
- 13.3.7 Mitsubishi Gas Chemical Company Inc.
- 13.3.8 National Petrochemical Company
- 13.3.9 PT Pertamina.
- 13.3.10 Reliance Industries Limited
- 13.3.11 SK incheon petrochem Co. Ltd.
- 13.3.12 Toray International Inc.
List of Figures
- Figure 1: Global: Paraxylene Market: Major Drivers and Challenges
- Figure 2: Global: Paraxylene Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Paraxylene Market: Breakup by Application (in %), 2023
- Figure 4: Global: Paraxylene Market: Breakup by End Use Industry (in %), 2023
- Figure 5: Global: Paraxylene Market: Breakup by Region (in %), 2023
- Figure 6: Global: Paraxylene Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 7: Global: Paraxylene Industry: SWOT Analysis
- Figure 8: Global: Paraxylene Industry: Value Chain Analysis
- Figure 9: Global: Paraxylene Industry: Porter's Five Forces Analysis
- Figure 10: Global: Paraxylene (Purified Terephthalic Acid) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Paraxylene (Purified Terephthalic Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Paraxylene (Dimethyl Terephthalate) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Paraxylene (Dimethyl Terephthalate) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Paraxylene (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Paraxylene (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Paraxylene (Plastics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Paraxylene (Plastics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Paraxylene (Textile) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Paraxylene (Textile) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Paraxylene (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Paraxylene (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Asia Pacific: Paraxylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Asia Pacific: Paraxylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: North America: Paraxylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: North America: Paraxylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Europe: Paraxylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Europe: Paraxylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Middle East and Africa: Paraxylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Middle East and Africa: Paraxylene Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Latin America: Paraxylene Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Latin America: Paraxylene Market Forecast: Sales Value (in Million US$), 2024-2032
List of Tables
- Table 1: Paraxylene: General Properties
- Table 2: Global: Paraxylene Market: Key Industry Highlights, 2023 and 2032
- Table 3: Global: Paraxylene Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Paraxylene Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
- Table 5: Global: Paraxylene Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Paraxylene Market: Competitive Structure
- Table 7: Global: Paraxylene Market: Key Players
