Paraxylene Market – Forecast(2021-2026)

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Paraxylene MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2022-2027
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• Paraxylene Market size is forecast to reach
  US68.5 billion by 2026 and is growing at a CAGR
  of 7.3 during 2021-2026. Paraxylene is a
  dimethyl benzene-derived aromatic hydrocarbon and
  isomer of the xylene molecule. Parylene is a
  general term for a specific family of
  paraxylene-based polymers. Paraxylene is a common
  feedstock (or "building block") for the
  production of terephthalic acid (TPA), purified
  terephthalic acid (PTA), and dimethyl-terephthalat
  e (DMT). Polyethylene terephthalate (PET)
  polyesters, a type of plastic, are made using
  TPA, PTA, and DMT. The mixed xylenes' highest
  volume isomer is paraxylene (PX). Around 98 of
  PX is consumed in the polyester chain, mainly in
  the production of fibre, film.

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• Key Takeaways
• Asia Pacific dominates the Paraxylene Market,
  owing to the increasing demand of polyethylene
  terephthalate (PET) from the plastic industry in
  the region.
• The Paraxylene market is benefiting from
  increased demand for PET bottle resin due to the
  increased usage of PET bottles in soft drink and
  mineral water. The growing usage of bio-based
  Paraxylene in bioplastics PET bottles (Bio-PET)
  and other bioplastics applications such as
  catering utensils is expanding the global
  paraxylene market.
• Plastic packaging is the most important segment
  of the plastics industry, accounting for over 40
  of total plastic use.

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By Distribution Channel- Segment
Analysis Purified Terephthalic Acid segment held
the largest share in the paraxylene Market in
2020 and is growing at a CAGR of 3.7 during
2021-2026. Polyester coatings resins are made
from purified terephthalic acid (PTA) and are
used in the formulation of general metal,
appliance, automobile, industrial maintenance,
and coil coatings. PTA is most commonly used in
polyester powder coating resins. It's also been
employed in unsaturated polyesters for
applications using fiberglass-reinforced
polymers.
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• Paraxylene Industry Outlook 
• BP plc
• Chevron Phillips Chemical.
• CNPC
• ExxonMobil
• Mitsubishi Gas Chemical.
• NPC
• RIL
• Saudi Aramco.
• BASF
• INEOS and others.

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Paraxylene Market Forecast (2022 - 2027)
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• Analyst Briefing
• Data Tables
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• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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