The global paraxylene market was valued at $43.8 billion in 2018. It is used in manufacturing process of polyester fiber and plastic bottles. Paraxylene is extensively being used for manufacturing other chemicals such as terephthalic acid (TPA), dimethylterephthalate (DMT) and terephthalic acid (TPA). Moreover, PET is considered to be lightweight, strong and shatter-resistant owing to which it is used manufacturing bottles used as sodas, water and beverages containers. PET has strong carbon dioxide barrier properties that help carbonated beverages in settling the fizz.
PET chemicals extracted from paraxylene are also used as containers for cosmetics, upholstery, fabrics for curtains, films for x-rays, clothing, electrical insulation, toiletries, processed meats, blister packs and packaging for boil-in bags. Increasing demand for polyester resin and fiber from several end-user industries is further anticipated to bolster the growth of global paraxylene market. However, extensive demand for mixed xylene raw material for paraxylene production and increasing concerns pertaining to environment is expected to hamper the growth of global paraxylene market.
Extensive growth in polyester industry is the key factor driving the growth of global paraxylene market owing to increasing adoption of polyester fiber for packaging. Purified Terephthalic Acid (PTA) and Dimethyl Terephthalate (DMT) is developed and purified with the help of paraxylene and these chemicals are witnessing greater applicability in the polyester manufacturing that is further accentuating the growth of global paraxylene market. Furthermore, rampant growth observed in PET consumption is another factor pertaining towards the growth of global paraxylene market owing to extensive demand from packaging, textiles, and construction domain.
PTA provides manufacturers reduced capital cost and improved production capabilities that make it a preferable chemical in various end-user industries. Additionally, PTA also helps in restricting development of Dimethyl Terephthalate (DMT) due to its economic significance. PET containers are considered to be economical and safe for use in food and beverage domain and is finding extensive acceptance in various applications of textile domain that is further driving the growth of global paraxylene market.
Paraxylene market forecast 2020 – 2030 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the paraxylene manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
On the basis of application, the global paraxylene market is segmented into purified terephthalic acid (PTA), dimethyl terephthalate (DMT) and others. Amongst these segments, purified terephthalic acid (PTA) is anticipated to contribute largest revenue by 2030 owing to its accelerating growth potential in polyester domain. PET is gaining huge popularity and utilization in packaging of soft drinks and bottling. The exaggerating growth in beverage industry along with technological advancements undertaken in bottling technologies and packaging is thereby attributing towards the rapid growth of PTA and thus strengthening the market revenue of global paraxylene market.
On the basis of end user, the global paraxylene market is segmented into plastic, textile, and others.
Paraxylene market in Asia-Pacific is anticipated to witness highest CAGR during the forecast period owing to increasing demand for polyester fibers from various emerging countries such as India and Brazil. Developing countries are supporting the manufacturing of chemicals strengthening the growth of paraxylene in the region. Propelling textile industry and plastic industry along with extensive utilisation of lower feedstock and conventional feedstock is thus bolstering the growth of paraxylene in this region at rapid pace.
The report also offers the insights for the North American, European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The eminent key players in the global paraxylene market are undertaking considerable investment decisions and launching new products in order gain competitive advantage. Moreover, entering into partnership agreements and performing mergers & acquisitions are the key development strategies being implemented by the crucial players in global paraxylene market.
Some of the players having prominent presence in the global paraxylene market SINOPEC, BASF SE, JX Nippon Oil & Energy Corporation, Teijin Limited, Lotte Chemical, Mitsubishi Gas Chemical Company, Inc., BP plc, The China National Petroleum Corporation, S-Oil Corporation, The National Petrochemical Company (NPC), Chevron Phillips Chemical, Reliance Industries Ltd. – (RIL), Oil and Natural Gas Corporation, Jurong Aromatics Corp., KPPC, Oman Refinery Company, China National Offshore Oil Corporation (CNOOC), Exxon Mobil, PT Pertamina, and Saudi Aramco.
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1. Research Overview
1.1. Objective
1.2. Global Paraxylene Market Overview
1.3. Market Segmentation
1.3.1. By Application
1.3.2. By End User
1.4. Benefits to Stakeholders
1.5. Key Questions Answered by the Report
1.6. Frequently Asked Questions
2. Research Methodology
2.1.1. Secondary Research
2.1.1.1. Key secondary research sources
2.1.2. Primary Research
2.1.2.1. Split of primary research respondents
2.1.2.1.1. By industry participant
2.1.2.1.2. By region
2.1.2.1.3. By company type
2.1.3. Market Estimation and Forecast Methodology
2.1.4. Data Exploration and Validation
2.1.5. Limitations and Assumptions for the Study
3. Introduction to the Paraxylene Market
3.1. Market Definition
3.2. By Application
3.2.1. Purified Terephthalic Acid (PTA)
3.2.2. Dimethyl Terephthalate (DMT)
3.2.3. Others
3.3. By End User
3.3.1. Plastic
3.3.2. Textile
3.3.3. Others
4. Paraxylene Market Analysis
4.1. Industry Outlook
4.2. Value Chain Analysis
4.2.1. Introduction
4.2.2. Research & Development
4.2.3. Raw Material Procurement
4.2.4. Manufacturing
4.2.5. Marketing
4.2.6. Distribution
4.2.7. End-Use
4.3. Technology Overview
4.4. Regulatory Framework
4.5. PESTEL Analysis
4.5.1. Political Factor
4.5.2. Economic Factor
4.5.3. Technological Factor
4.5.4. Environmental Factor
4.5.5. Legal Factor
4.6. Opportunity Analysis
4.7. Supply Chain Analysis
4.8. Porter’s Five Forces Analysis
4.8.1. Bargaining Power of Buyers
4.8.2. Bargaining Power of Suppliers
4.8.3. Threat of New Entrants
4.8.4. Rivalry Among Existing Competitors
4.8.5. Threat of Substitutes
4.9. Market Dynamics
4.9.1. Drivers
4.9.1.1. Extensive growth in polyester industry
4.9.1.2. Rampant growth observed in PET consumption
4.9.1.3. Increasing population
4.9.1.4. Increasing demand from textile industry
4.9.2. Restraints
4.9.2.1. Increasing consumer awareness regarding the use of plastic-free products
4.9.3. Trends
4.9.3.1. Bio-based paraxylene
4.9.4. Opportunities
4.9.4.1. Emerging countries offers huge opportunity
4.10. SWOT Analysis of the Paraxylene Market
4.10.1. Strength
4.10.2. Weakness
4.10.3. Opportunity
4.10.4. Threat
5. Paraxylene: Global Market
5.1. Global Paraxylene Market Forecast 2020 – 2030
5.2. Global Paraxylene Market Forecast, by Application, 2020 – 2030
5.3. Global Paraxylene Market Forecast, by End User, 2020 – 2030
5.4. Global Paraxylene Market Forecast, by Region, 2020 – 2030
5.4.1. Asia-Pacific
5.4.2. Europe
5.4.3. North America
5.4.4. Latin America
5.4.5. Middle East & Africa
6. Paraxylene: Asia-Pacific Market
6.1. China Paraxylene Market
6.1.1. China Paraxylene Market, by Application Forecast, 2020 – 2030
6.1.2. China Paraxylene Market, by End User Forecast, 2020 – 2030
6.2. Japan Paraxylene Market
6.2.1. Japan Paraxylene Market, by Application Forecast, 2020 – 2030
6.2.2. Japan Paraxylene Market, by End User Forecast, 2020 – 2030
6.3. India Paraxylene Market
6.3.1. India Paraxylene Market, by Application Forecast, 2020 – 2030
6.3.2. India Paraxylene Market, by End User Forecast, 2020 – 2030
6.4. Australia Paraxylene Market
6.4.1. Australia Paraxylene Market, by Application Forecast, 2020 – 2030
6.4.2. Australia Paraxylene Market, by End User Forecast, 2020 – 2030
6.5. South Korea Paraxylene Market
6.5.1. South Korea Paraxylene Market, by Application Forecast, 2020 – 2030
6.5.2. South Korea Paraxylene Market, by End User Forecast, 2020 – 2030
6.6. Indonesia Paraxylene Market
6.6.1. Indonesia Paraxylene Market, by Application Forecast, 2020 – 2030
6.6.2. Indonesia Paraxylene Market, by End User Forecast, 2020 – 2030
6.7. Singapore Paraxylene Market
6.7.1. Singapore Paraxylene Market, by Application Forecast, 2020 – 2030
6.7.2. Singapore Paraxylene Market, by End User Forecast, 2020 – 2030
6.8. Taiwan Paraxylene Market
6.8.1. Taiwan Paraxylene Market, by Application Forecast, 2020 – 2030
6.8.2. Taiwan Paraxylene Market, by End User Forecast, 2020 – 2030
6.9. Rest of Asia-Pacific Paraxylene Market
6.9.1. Rest of Asia-Pacific Paraxylene Market, by Application Forecast, 2020 – 2030
6.9.2. Rest of Asia-Pacific Paraxylene Market, by End User Forecast, 2020 – 2030
7. Paraxylene: European Market
7.1. Germany Paraxylene Market
7.1.1. Germany Paraxylene Market, by Application Forecast, 2020 – 2030
7.1.2. Germany Paraxylene Market, by End User Forecast, 2020 – 2030
7.2. U.K. Paraxylene Market
7.2.1. U.K. Paraxylene Market, by Application Forecast, 2020 – 2030
7.2.2. U.K. Paraxylene Market, by End User Forecast, 2020 – 2030
7.3. France Paraxylene Market
7.3.1. France Paraxylene Market, by Application Forecast, 2020 – 2030
7.3.2. France Paraxylene Market, by End User Forecast, 2020 – 2030
7.4. Spain Paraxylene Market
7.4.1. Spain Paraxylene Market, by Application Forecast, 2020 – 2030
7.4.2. Spain Paraxylene Market, by End User Forecast, 2020 – 2030
7.5. Italy Paraxylene Market
7.5.1. Italy Paraxylene Market, by Application Forecast, 2020 – 2030
7.5.2. Italy Paraxylene Market, by End User Forecast, 2020 – 2030
7.6. Russia Paraxylene Market
7.6.1. Russia Paraxylene Market, by Application Forecast, 2020 – 2030
7.6.2. Russia Paraxylene Market, by End User Forecast, 2020 – 2030
7.7. Rest of Europe Paraxylene Market
7.7.1. Rest of Europe Paraxylene Market, by Application Forecast, 2020 – 2030
7.7.2. Rest of Europe Paraxylene Market, by End User Forecast, 2020 – 2030
8. Paraxylene: North American Market
8.1. U.S. Paraxylene Market
8.1.1. U.S. Paraxylene Market, by Application Forecast, 2020 – 2030
8.1.2. U.S. Paraxylene Market, by End User Forecast, 2020 – 2030
8.2. Canada Paraxylene Market
8.2.1. Canada Paraxylene Market, by Application Forecast, 2020 – 2030
8.2.2. Canada Paraxylene Market, by End User Forecast, 2020 – 2030
9. Paraxylene: Latin American Market
9.1. Brazil Paraxylene Market
9.1.1. Brazil Paraxylene Market, by Application Forecast, 2020 – 2030
9.1.2. Brazil Paraxylene Market, by End User Forecast, 2020 – 2030
9.2. Mexico Paraxylene Market
9.2.1. Mexico Paraxylene Market, by Application Forecast, 2020 – 2030
9.2.2. Mexico Paraxylene Market, by End User Forecast, 2020 – 2030
9.3. Argentina Paraxylene Market
9.3.1. Argentina Paraxylene Market, by Application Forecast, 2020 – 2030
9.3.2. Argentina Paraxylene Market, by End User Forecast, 2020 – 2030
9.4. Chile Paraxylene Market
9.4.1. Chile Paraxylene Market, by Application Forecast, 2020 – 2030
9.4.2. Chile Paraxylene Market, by End User Forecast, 2020 – 2030
9.5. Colombia Paraxylene Market
9.5.1. Colombia Paraxylene Market, by Application Forecast, 2020 – 2030
9.5.2. Colombia Paraxylene Market, by End User Forecast, 2020 – 2030
9.6. Rest of Latin American Paraxylene Market
9.6.1. Rest of Latin American Paraxylene Market, by Application Forecast, 2020 – 2030
9.6.2. Rest of Latin American Paraxylene Market, by End User Forecast, 2020 – 2030
10. Paraxylene: MEA Market
10.1. Saudi Arabia Paraxylene Market
10.1.1. Saudi Arabia Paraxylene Market, by Application Forecast, 2020 – 2030
10.1.2. Saudi Arabia Paraxylene Market, by End User Forecast, 2020 – 2030
10.2. South Africa Paraxylene Market
10.2.1. South Africa Paraxylene Market, by Application Forecast, 2020 – 2030
10.2.2. South Africa Paraxylene Market, by End User Forecast, 2020 – 2030
10.3. U.A.E. Paraxylene Market
10.3.1. U.A.E. Paraxylene Market, by Application Forecast, 2020 – 2030
10.3.2. U.A.E. Paraxylene Market, by End User Forecast, 2020 – 2030
10.4. Rest of MEA Paraxylene Market
10.4.1. Rest of MEA Paraxylene Market, by Application Forecast, 2020 – 2030
10.4.2. Rest of MEA Paraxylene Market, by End User Forecast, 2020 – 2030
11. Competition in Paraxylene Market
11.1. Production Capacity of Major Players
11.2. Price Trend Analysis
11.3. Raw Material Price Analysis
11.4. Company Share Analysis
11.5. Product and Competitive Benchmarking
11.6. Strategic Development Analysis of Major Players
11.6.1. Partnerships/Collaborations/Agreements
11.6.2. Mergers & Acquisitions
11.6.3. New Product Launches
11.6.4. Other Developments
12. Leading Companies
12.1. SINOPEC
12.1.1. Company Overview
12.1.2. Product & Services Offerings
12.1.3. Financial Overview
12.1.4. Recent Developments
12.2. BASF SE
12.2.1. Company Overview
12.2.2. Product & Services Offerings
12.2.3. Financial Overview
12.2.4. Recent Developments
12.3. JX Nippon Oil & Energy Corporation
12.3.1. Company Overview
12.3.2. Product & Services Offerings
12.3.3. Financial Overview
12.3.4. Recent Developments
12.4. Teijin Limited
12.4.1. Company Overview
12.4.2. Product & Services Offerings
12.4.3. Financial Overview
12.4.4. Recent Developments
12.5. Lotte Chemical
12.5.1. Company Overview
12.5.2. Product & Services Offerings
12.5.3. Financial Overview
12.5.4. Recent Developments
12.6. Mitsubishi Gas Chemical Company, Inc.
12.6.1. Company Overview
12.6.2. Product & Services Offerings
12.6.3. Financial Overview
12.6.4. Recent Developments
12.7. BP plc
12.7.1. Company Overview
12.7.2. Product & Services Offerings
12.7.3. Financial Overview
12.7.4. Recent Developments
12.8. The China National Petroleum Corporation
12.8.1. Company Overview
12.8.2. Product & Services Offerings
12.8.3. Financial Overview
12.8.4. Recent Developments
12.9. S-Oil Corporation
12.9.1. Company Overview
12.9.2. Product & Services Offerings
12.9.3. Financial Overview
12.9.4. Recent Developments
12.10. The National Petrochemical Company (NPC)
12.10.1. Company Overview
12.10.2. Product & Services Offerings
12.10.3. Financial Overview
12.10.4. Recent Developments
12.11. Chevron Phillips Chemical
12.11.1. Company Overview
12.11.2. Product & Services Offerings
12.11.3. Financial Overview
12.11.4. Recent Developments
12.12. Reliance Industries Ltd. - (RIL)
12.12.1. Company Overview
12.12.2. Product & Services Offerings
12.12.3. Financial Overview
12.12.4. Recent Developments
12.13. Oil and Natural Gas Corporation
12.13.1. Company Overview
12.13.2. Product & Services Offerings
12.13.3. Financial Overview
12.13.4. Recent Developments
12.14. Jurong Aromatics Corp.
12.14.1. Company Overview
12.14.2. Product & Services Offerings
12.14.3. Financial Overview
12.14.4. Recent Developments
12.15. KPPC
12.15.1. Company Overview
12.15.2. Product & Services Offerings
12.15.3. Financial Overview
12.15.4. Recent Developments
12.16. Oman Refinery Company
12.16.1. Company Overview
12.16.2. Product & Services Offerings
12.16.3. Financial Overview
12.16.4. Recent Developments
12.17. China National Offshore Oil Corporation (CNOOC)
12.17.1. Company Overview
12.17.2. Product & Services Offerings
12.17.3. Financial Overview
12.17.4. Recent Developments
12.18. Exxon Mobil
12.18.1. Company Overview
12.18.2. Product & Services Offerings
12.18.3. Financial Overview
12.18.4. Recent Developments
12.19. PT Pertamina
12.19.1. Company Overview
12.19.2. Product & Services Offerings
12.19.3. Financial Overview
12.19.4. Recent Developments
12.20. Saudi Aramco
12.20.1. Company Overview
12.20.2. Product & Services Offerings
12.20.3. Financial Overview
12.20.4. Recent Developments
13. Conclusion and Recommendation
13.1. Market Outlook
13.2. Recommendation
14. Glossary
Note: Financial overview and recent developments of different companies are subject to availability of information in secondary domain.
SINOPEC
BASF SE
JX Nippon Oil & Energy Corporation
Teijin Limited
Lotte Chemical
Mitsubishi Gas Chemical Company, Inc.
BP plc
The China National Petroleum Corporation
S-Oil Corporation
The National Petrochemical Company (NPC)
Chevron Phillips Chemical
Reliance Industries Ltd. - (RIL)
Oil and Natural Gas Corporation
Jurong Aromatics Corp.
KPPC
Oman Refinery Company
China National Offshore Oil Corporation (CNOOC)
Exxon Mobil
PT Pertamina
Saudi Aramco
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