The global paraxylene (PX) market grew at a CAGR of around 7% during 2014-2019. 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. Looking forward, IMARC Group expects the global paraxylene (PX) market to continue its moderate growth during the next five years.
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.
Report Coverage:
- Historical, Current and Future Market Trends
- Market Breakup by Application:
- Purified Terephthalic Acid (PTA)
- Dimethyl Terephthalate (DMT)
- Others
- Market Breakup by End Use Industry:
- Market 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 BP PLC, Pertamina, Braskem, Chevron Phillips Chemical, China National Petroleum Corporation, Fujian Refining & Petrochemical Company Limited, ExxonMobil Corporation, JX Nippon Oil & Energy Corporation, Mitsubishi Gas Chemical Co. Inc., NPC Iran, Reliance Industries Ltd, Sinopec, Toray Industries, Mangalore Refinery and Petrochemicals Limited, S.K. Innovation Co. Ltd, etc.
Key Questions Answered in This Report:
- How has the global paraxylene (PX) market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global paraxylene (PX) industry?
- What has been the impact of COVID-19 on the global paraxylene (PX) industry?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the global paraxylene (PX) industry?
- What are the key driving factors and challenges in the global paraxylene (PX) industry?
- What is the structure of the global paraxylene (PX) industry and who are the key players?
- What is the degree of competition in the global paraxylene (PX) industry?
- What are the profit margins in the paraxylene (PX) industry?
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 BP PLC
13.3.2 Braskem
13.3.3 Pertamina
13.3.4 Chevron Phillips Chemical
13.3.5 China National Petroleum Corporation
13.3.6 Fujian Refining & Petrochemical Company Limited
13.3.7 ExxonMobil Corporation
13.3.8 JX Nippon Oil & Energy Corporation
13.3.9 Mitsubishi Gas Chemical Co. Inc.
13.3.10 NPC Iran
13.3.11 Reliance Industries Ltd
13.3.12 Sinopec
13.3.13 Toray Industries
13.3.14 Mangalore Refinery and Petrochemicals Limited
13.3.15 S.K. Innovation Co. Ltd
List of Figures
Figure 1: Global: Paraxylene Market: Major Drivers and Challenges
Figure 2: Global: Paraxylene Market: Sales Value (in Billion US$), 2014 - 2019
Figure 3: Global: Paraxylene Market: Breakup by Application (in %), 2019
Figure 4: Global: Paraxylene Market: Breakup by End Use Industry (in %), 2019
Figure 5: Global: Paraxylene Market: Breakup by Region (in %), 2019
Figure 6: Global: Paraxylene Market Forecast: Sales Value (in Billion US$), 2020-2025
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$), 2014 & 2019
Figure 11: Global: Paraxylene (Purified Terephthalic Acid) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Paraxylene (Dimethyl Terephthalate) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Paraxylene (Dimethyl Terephthalate) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Paraxylene (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Paraxylene (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Paraxylene (Plastics) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Paraxylene (Plastics) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Paraxylene (Textile) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Paraxylene (Textile) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Paraxylene (Other Industries) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Paraxylene (Other Industries) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Asia Pacific: Paraxylene Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Asia Pacific: Paraxylene Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: North America: Paraxylene Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: North America: Paraxylene Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Europe: Paraxylene Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Europe: Paraxylene Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Middle East and Africa: Paraxylene Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Middle East and Africa: Paraxylene Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Latin America: Paraxylene Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Latin America: Paraxylene Market Forecast: Sales Value (in Million US$), 2020-2025
List of Tables
Table 1: Paraxylene: General Properties
Table 2: Global: Paraxylene Market: Key Industry Highlights, 2019 and 2025
Table 3: Global: Paraxylene Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 4: Global: Paraxylene Market Forecast: Breakup by End Use Industry (in Million US$), 2020-2025
Table 5: Global: Paraxylene Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: Paraxylene Market Structure
Table 7: Global: Paraxylene Market: Key Players