DUBLIN, May 21, 2015 /PRNewswire/ -- Research and Markets(http://www.researchandmarkets.com/research/5kmz7g/global_paraxylene) has announced the addition of the "Global Paraxylene Market by Application ( Purified Terephthalic Acid, Dimethyl Terephthalate, Others), by Geography - Analysis and Forecast to 2019" report to their offering.
The global paraxylene market, in terms of value, is estimated to grow at a CAGR of 11.3% from 2014 to 2019
Asia-Pacific held the largest share 83.0% of the global paraxylene market in 2014, followed by the North American segment, which is expected to grow at a CAGR of 9.3% during the forecast period of 2014 to 2019.
In this report, the global paraxylene market has been broadly classified on the basis of application and geography. The application segment is classified into purified terephthalic acid, and dimethyl terephthalate, among others. Based on geography, the global paraxylene market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
In terms of value, Asia-Pacific is the fastest-growing segment in the global market, estimated to grow at a CAGR of 11.7% during the given forecast period. Factors such as the increasing demand from end-user industries are fuelling the growth of the paraxylene market in the Asia-Pacific region. The growth in demand for paraxylene is expected to be mainly driven by the purified terephthalic acid industry in the coming years.
The global paraxylene market is a highly competitive market with a number of market players. As of 2014, the global paraxylene market is majorly dominated by Exxon Mobil Corp., followed by BP plc and Sinopec Ltd. Partnerships, agreements, collaborations, and joint ventures are among the major strategies adopted by the leading market players to achieve significant growth in the paraxylene market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Paraxylene Market, By Application
6 Paraxylene Market, By Geography
7 Paraxylene Market: Competitive Landscape
8 Paraxylene Market, By Company
- BP Plc
- Exxon Mobil Corporation
- BASF Se
- China National Petroleum Corportion
- Sinopec Ltd.
- Mitsubishi Gas Chemical Co. Inc.
- Reliance Industries Ltd.
- Formosa Plastics Corp.
For more information visit http://www.researchandmarkets.com/research/5kmz7g/global_paraxylene
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SOURCE Research and Markets