Global Paraxylene Market 2012-2018 & Forecast to 2022 - Market is Expected to Reach USD 66.9 Billion, Expanding at a CAGR of 10.5%
DUBLIN, Nov 6, 2018
/PRNewswire/ --
The "Paraxylene Market Size, Share & Trends Analysis Report By Application (Dimethyl Terephthalate, Purified Terephthalic Acid), By Region (North America, APAC, Europe, MEA, CSA), And Segment Forecasts, 2012 - 2022" report has been added to ResearchAndMarkets.com's offering.
The global paraxylene market size is expected to reach USD 66.9 billion by 2022, it is expected to expand at a CAGR of 10.5% over the forecast period.
Rising demand for fiber and polyester resin from numerous end-use industries is projected to propel product demand over the coming years.
Rapid growth in demand for polyester fabric is acting as a major market driver. Surging demand for purified terephthalic acid (PTA) in polyester production process is projected to provide fillip to the paraxylene market. Lower polyester manufacturing cost for Dimethyl terephthalate (DMT) and terephthalic acid and higher conversion efficiency of Purified Terephthalic Acid (PTA) have attracted polymer industry players to expand their terephthalic acid product portfolio.
Overall industry is facing oversupply, which is pushing manufacturers towards reducing product prices and output. Sudden drop in total import of PTA from China has adversely affected the global market. Oversupply of PET in past few years has now forced terephthalic acid manufacturers to lower the capacity utilization rate in recent past.
PTA production capacity has expanded faster than the demand, affecting global utilization rate. Sudden decrease in Chinese PTA import on account of increased in-house production has drastically affected PTA manufacturers located in Asia Pacific. Asia Pacific emerged as the largest region for the global paraxylene market with a share of more than 79% in 2014. Availability of low-cost labor and raw material along with the presence of end-use industries is projected to drive the regional market at the fastest CAGR over the next few years.
Further key findings from the report suggest:
- PTA emerged as the dominant application segment in the paraxylene market with a share of more than 97.0% in 2014
- Paraxylene production cost varies depending upon raw material and production technology
- Huge planned capacity additions during next few years are expected to worsen the supply-demand scenario resulting in PX oversupply and increasing product pricing
- Some of the prominent companies operating in this market are BP, JX Nippon Oil & Energy Corp., Reliance Industries Ltd., CNPC, S-Oil, FCFC, Dragon, GS Caltex, ONGC, Orpic, ExxonMobil, Dalian Fujia Dahua, Toyo, Pertamina, and Teijin Fibers
Key Topics Covered:
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Paraxylene - Industry Summary and Key Buying Criteria, 2012 - 2022
Chapter 3. Paraxylene Industry Outlook
3.1. Paraxylene market segmentation
3.2. Paraxylene market size and growth prospects, 2012 - 2022
3.3. Paraxylene market - Value chain analysis
3.3.1. Vendor landscape
3.4. Raw material outlook
3.5. Price analysis
3.6. Bio-based paraxylene
3.6.1. Market trends
3.6.2. Technology outlook
3.6.3. Key participants
3.7. Paraxylene market - Recent trends
3.8. Paraxylene market dynamics
3.8.1. Market driver analysis
3.8.2. Market restraint analysis
3.9. Key market opportunities - Prioritized
3.10. Industry analysis - Porter's
3.11. Paraxylene company market share, 2014
3.11.1. Market strategy overview
3.12. Paraxylene market PESTEL analysis, 2014
Chapter 4. Paraxylene Application Outlook
4.1. Global Paraxylene market share by application, 2014 & 2022
4.2. Dimethyl Terephthalate (DMT)
4.3. Purified Terephthalic acid (PTA)
4.4. Others
Chapter 5. Paraxylene Regional Outlook 2012-2022
Chapter 6. Competitive Landscape
- BASF
- BP plc.
- Chevron Phillips Chemical
- CNPC
- Exxon Mobil
- JX Nippon Oil & Energy Corporation
- Mitsubishi Gas Chemical
- NPC Iran
- Reliance Industries Ltd. - (RIL)
- Saudi Aramco
- SINOPEC
For more information about this report visit https://www.researchandmarkets.com/research/gndzh6/global_paraxylene?w=5
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article