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Paraxylene (PX) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global paraxylene (PX) market size reached US$ 44.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 62.4 Billion by 2027, exhibiting a growth rate (CAGR) of 6.51% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

 

 
 

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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 2022-2027. Our report has categorized the market based on application and end use industry.

Market Breakup by Application:

 

 
 

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  • Purified Terephthalic Acid (PTA) 
  • Dimethyl Terephthalate (DMT)
  • Others
     

Market Breakup by End Use Industry:

  • Plastics
  • Textile
  • Others
     

Market Breakup by Region:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Application, End Use Industry, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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$), 2016-2021
Figure 3: Global: Paraxylene Market: Breakup by Application (in %), 2021
Figure 4: Global: Paraxylene Market: Breakup by End Use Industry (in %), 2021
Figure 5: Global: Paraxylene Market: Breakup by Region (in %), 2021
Figure 6: Global: Paraxylene Market Forecast: Sales Value (in Billion US$), 2022-2027
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$), 2016 & 2021
Figure 11: Global: Paraxylene (Purified Terephthalic Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Paraxylene (Dimethyl Terephthalate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Paraxylene (Dimethyl Terephthalate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Paraxylene (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Paraxylene (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Paraxylene (Plastics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Paraxylene (Plastics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Paraxylene (Textile) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Paraxylene (Textile) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Paraxylene (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Paraxylene (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Asia Pacific: Paraxylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Asia Pacific: Paraxylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Paraxylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: Paraxylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Europe: Paraxylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Europe: Paraxylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Middle East and Africa: Paraxylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Middle East and Africa: Paraxylene Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Latin America: Paraxylene Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Latin America: Paraxylene Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Paraxylene: General Properties 
Table 2: Global: Paraxylene Market: Key Industry Highlights, 2021 and 2027
Table 3: Global: Paraxylene Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Paraxylene Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Paraxylene Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Paraxylene Market: Competitive Structure
Table 7: Global: Paraxylene Market: Key Players


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Key Questions Answered in This Report

The global paraxylene (PX) market was valued at US$ 44.1 Billion in 2021.

We expect the global paraxylene (PX) market to exhibit a CAGR of 6.51% during 2022-2027.

The growing applications of paraxylene as an eco-friendly alternative in the production of packaging
materials, polyester fibers, construction materials, etc., are primarily driving the global paraxylene (PX)
market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations, resulting in the temporary closure of numerous end-use industries
for paraxylene.

Based on the application, the global paraxylene (PX) market can be segmented into Purified Terephthalic
Acid (PTA), Dimethyl Terephthalate (DMT), and others. Currently, Purified Terephthalic Acid (PTA) holds
the majority of the total market share.

On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle East
and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global paraxylene (PX) market include 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.

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