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Global Para Xylene Market Research Report- Forecast to 2027

Para Xylene Market Global Information: by Application (Plastic industry, Textile industry and others), End-use Industry (Purified Terephthalic Acid (PTA) and Dimethyl Terephthalate (DMT) and others), and Region Forecast till 2027

ID: MRFR/CnM/1672-HCR | February 2021 | Region: Global | 130 pages

Please note that the assessment period of report has been updated from 2016-2022 to 2020-2027. Cordially fill the sample form for updated data.

Synopsis of Para xylene Market


The global para xylene market is expected to grow at USD 81.02 billion by 2022 growing with the CAGR of 12.05% from 2016 to 2022. The source for producing para xylene is naphtha. Para xylene (PX), an aromatic hydrocarbon, is the source for the commercial production of purified terephthalic acid (PTA) and dimethyl terephthalate (DMT), which are further used to produce polyester. The para xylene production process includes the conversion of naphtha into BTX, a mixture of benzene, xylene, and toluene, and the separation of PX by fractional crystallization. PX is an important petrochemical as its end-product polyester is used for various industrial purposes, including textile manufacturing and packaging. It also finds usage as a solvent, along with being the raw material to manufacture Di-PX and herbicides.


Para xylene (PX) had witnessed a rapid growth demand from last few years due to steady demand from polyester manufactures. It is majorly used for producing PTA (Purified Terephthalic acid) and DMT (Dimethyl Terephthalate) which are used in production of polyester. In 2015, the polyesters demand reached around USD 50 million tons making it the most commonly used synthetic fiber across the globe. A small amount of Para xylene is also used as a solvent and in the production of herbicides and di-Para xylene. Rising demand for Para xylene from numerous end user industries including packaging, textiles and construction materials is significantly influencing the demand for Para xylene.


Regional Analysis


Geographically, maximum consumer of para xylene market is in Asia-Pacific followed by Europe and all of them contributes greatly in the growth of the market. North-America are facing sluggish market growth rate. Growth of para xylene market is Asia Pacific is maximum due to the growing use of PARA xylene for various applications along with macroeconomic growth of textile and plastic industry in the region.  


Increasing demand for polyester fiber in emerging markets of Brazil and India is anticipated to significantly influence the demand for the para xylene in the upcoming scenario. As per the Indian Chemical Industry Five Year Plan 2012-2017, the production of Para xylene is expected to reach 5.5 million tons in 2016 whereas the consumption rate is anticipated to stand at USD 4.9 million tons in 2016.


Key Players


Key players of the global para xylene market are Honeywell UOP, BP, JX Nippon Oil & Energy Corp., CNPC, S-Oil, Reliance Industries Ltd, Dragon, NPC Iran, FCFC, GS Caltex, KPPC, ONGC, Orpic, China National Offshore Oil Corporation.


Reliance Industries contributes about 14% to the total Indian export it has presence in various sector. In India, Reliance is the largest producer of polyester fiber and yarn and the 5th largest producer of Para xylene.


Honeywell UOP, has developed and successfully commercialized its latest breakthrough in Para xylene technology. Use of ADS-37TM adsorbent, UOP’s latest adsorbent for the ParexTM Process, while carrying out a high capacity revamp, can result in a capacity increase in the range of 10 to 30% compared with operation with previous generation. The improvements associated with ADS-37TM adsorbent and high capacity revamp can be implemented quickly and at relatively lower cost


Geographic Analysis 


The report covers brief analysis of geographical region such as:


North America


  • US

  • Canada


Europe


  • Germany

  • France

  • Italy

  • Netherlands

  • U.K.

  • Rest of Europe


APAC


  • China

  • India

  • Japan

  • Rest of Asia-Pacific


RoW


  • South America

  • Middle East

  • Africa


The report about Global Para xylene Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.

Study Objectives of Para xylene  Market:



  • To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the global para xylene market

  • To understand the supply and demand dynamics including supply and consumption concentration mapping

  • To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries

  • To provide competitor positioning of the market

  • To provide company profiling of major players in the market along with their production and capacity

  • To provide regional trade analysis

  • To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market


Intended Audience

  • High para xylene manufacturers

  • Traders and distributors of high para xylene   

  • Application industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Frequently Asked Questions (FAQ) :

The Para Xylene market is projected to grow at a 12.05% CAGR between 2020-2027.

The Para Xylene market is predicted to touch USD 81.02 billion by 2022.

Asia Pacific is expected to spearhead the Para Xylene market.

Increasing use in construction materials, textile, and packaging is boosting market growth.

Stringent government regulations may limit market growth.

1Executive Summary

2Scope of The Report

2.1Market Definition

2.2Scope of The Study

2.2.1Research Objectives

2.2.2Assumptions & Limitations

2.3Markets Structure

3Market Research Methodology

3.1Research Process

3.2Secondary Research

3.3Primary Research

3.4Forecast Model

4Market Landscape

4.1Five Forces Analysis

4.1.1Threat of New Entrants

4.1.2Bargaining power of buyers

4.1.3Threat of substitutes

4.1.4Segment rivalry

4.2Value Chain/Supply Chain of Global Paraxylene Market

5Industry Overview of Global Paraxylene Market

5.1Introduction

5.2Growth Drivers

5.3Impact analysis

5.4Market Challenges

5.5Impact analysis

6Market Trends

6.1Introduction

6.2Growth Trends

6.3Impact analysis

7. Global Paraxylene Market by Region

8. Global Paraxylene Market by Application (Plastic industry, Textile industry and others)

9. Global Paraxylene Market by End-Use (Purified Terephthalic Acid (PTA) and Dimethyl Terephthalate (DMT) and others)

10.Competitive landscape

11.Company Profiles

11.1Honeywell UOP

11.1.1Overview

11.1.2Financials

11.1.3 Portfolio

11.1.4Business Strategies

11.1.5Recent Development

11.2BP

11.2.1Overview

11.2.2Financials

11.2.3 Portfolio

11.2.4Business Strategies

11.2.5Recent Development

11.3JX Nippon Oil & Energy Corp

11.3.1Overview

11.3.2Financials

11.3.3 Portfolio

11.3.4Business Strategies

11.3.5Recent Development

11.4CNPC

11.4.1Overview

11.4.2Financials

11.4.3 Portfolio

11.4.4Business Strategies

11.4.5Recent Development

11.5S-Oil

11.5.1Overview

11.5.2Financials

11.5.3 Portfolio

11.5.4Business Strategies

11.5.5Recent Development

11.6Reliance Industries Ltd

11.6.1Overview

11.6.2Financials

11.6.3 Portfolio

11.6.4Business Strategies

11.6.5Recent Development

11.7Dragon

11.7.1Overview

11.7.2Financials

11.7.3 Portfolio

11.7.4Business Strategies

11.7.5Recent Development

11.8NPC Iran

11.8.1Overview

11.8.2Financials

11.8.3 Portfolio

11.8.4Business Strategies

11.8.5Recent Development

11.9FCFC

11.9.1Overview

11.9.2Financials

11.9.3 Portfolio

11.9.4Business Strategies

11.9.5Recent Development

11.10GS Caltex

11.10.1Overview

11.10.2Financials

11.10.3 Portfolio

11.10.4Recent Development

12Conclusion

LIST OF TABLES

Table 1World Population by Major Regions (2020 To 2030) (Million)

Table 2Global Paraxylene Market: By Region, 2020-2027 (USD Million)

Table 3North America Paraxylene Market: By Country, 2020-2027 (USD Million)

Table 4Europe Paraxylene Market: By Country, 2020-2027 (USD Million)

Table 5Asia-Pacific Paraxylene Market: By Country, 2020-2027 (USD Million)

Table 6RoW Paraxylene Market: By Country, 2020-2027 (USD Million)

Table 7Global Paraxylene for Application Market: By Regions, 2020-2027 (USD Million)

Table 8North America Paraxylene for Application Market: By Country, 2020-2027 (USD Million)

Table 9Europe Paraxylene for Application Market: By Country, 2020-2027 (USD Million)

Table 10Asia-Pacific Paraxylene for Application Market: By Country, 2020-2027 (USD Million)

Table 11RoW Paraxylene for Application Market: By Country, 2020-2027 (USD Million)

Table 12North America Paraxylene for End-Use Market: By Country, 2020-2027 (USD Million)

Table 13Europe Paraxylene for End-Use Market: By Country, 2020-2027 (USD Million)

Table 14Asia-Pacific Paraxylene for End-Use Market: By Country, 2020-2027 (USD Million)

Table 15RoW Paraxylene for End-Use Market: By Country, 2020-2027 (USD Million)

Table 16Global Paraxylene End-Use Market: By Region, 2020-2027 (USD Million)

Table 17North America Paraxylene for End-Use Market: By Country, 2020-2027 (USD Million)

Table 18Europe Paraxylene for End-Use Market: By Country, 2020-2027 (USD Million)

Table 19Asia-Pacific Paraxylene for End-Use Market: By Country, 2020-2027 (USD Million)

Table 20RoW Paraxylene for End-Use Market: By Country, 2020-2027 (USD Million)

Table 21Global Application Market: By Region, 2020-2027 (USD Million)

Table 22Global End-Use Market: By Region, 2020-2027 (USD Million)

Table 23North America Paraxylene Market, By Country (USD Million)

Table 24North America Paraxylene Market, By Application (Million USD)

Table 25North America Paraxylene Market, By End-Use (Million USD)

Table 26Europe: Paraxylene Market, By Country (USD Million)

Table 27Europe: Paraxylene Market, By Application (USD Million)

Table 28Europe: Paraxylene Market, By End-Use (USD Million)

Table 29Asia-Pacific: Paraxylene Market, By Country (USD Million)

Table 30Asia-Pacific: Paraxylene Market, By Application (USD Million)

Table 31Asia-Pacific: Paraxylene Market, By End-Use (USD Million)

Table 32RoW: Paraxylene Market, By Country (USD Million)

Table 33RoW: Paraxylene Market, By Application (USD Million)

Table 34RoW: Paraxylene Market, By End-Use (USD Million)

LIST OF FIGURES

FIGURE 1Global Paraxylene market segmentation

FIGURE 2Forecast Methodology

FIGURE 3Five Forces Analysis of Global Paraxylene Market

FIGURE 4Value Chain of Global Paraxylene Market

FIGURE 5Share of Global Paraxylene Market in 2020, by country (in %)

FIGURE 6Global Paraxylene Market, 2020-2027, (USD billion)

FIGURE 7Sub-segments of End-Use s

FIGURE 8Global Paraxylene Market size by End-Use , 2020

FIGURE 9 Share of Global Paraxylene Market by End-Use , 2020 to 2027

FIGURE 10Global Paraxylene Market size by Application, 2020

FIGURE 11 Share of Global Paraxylene Market by Application, 2020 to 2027