Latest
industry research report on: Global Paraxylene Market : Industry
Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth,
Segmentation, Parameters, Forecasts
Global Paraxylene Market:
Methodology and Scope
Paraxylene is an aromatic
hydrocarbon, which is used as feedstock to manufacture industrial
chemicals, notably purified terephthalic acid (PTA) and dimethyl
terephthalate (DMT). PTA and DMT are further employed in the
manufacture of polyethylene terephthalate (PET) polyester. PET is
used to produce bottles, which are widely used as containers for
soda, water, and other beverages due to the superior physical
attributes of PET. PET is shatter resistant, strong, and light in
weight.
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PET/Polyester
is available in various forms such as filaments, staple, and
fiberfill. It is used in clothing, furnishings, and technical
textiles. Polyester is mostly preferred over cotton and other natural
fibers due to its low cost and easy availability. PET possesses high
strength-to-weight ratio and is non-reactive to food and beverages.
It is a transparent thermoplastic; therefore, it is preferred in food
packaging. Demand for PET is expected to increase in the F&B
packaging market due to the rise in population, changing lifestyle,
and growth in disposal income. This is anticipated to drive the
paraxylene market in Asia Pacific. Fuelled by significant gains, PTA
and PET producers in Asia Pacific have started to expand rapidly, the
production capacity which is likely to exceed the demand in the next
few years.
This
study examines, estimates, and forecasts the global paraxylene market
in terms of volume (kilo tons) and revenue (US$ Mn) from 2015 to
2024. Market numbers given in the report describe the demand for
global paraxylene, but not production. The paraxylene report also
analyzes several driving and restraining factors and their impact on
the market during the forecast period.
Primary
research represents the majority of our research efforts,
supplemented by extensive secondary research. We studied key players’
annual reports, press releases, product literature, and appropriate
documents for market understanding and competitive analysis.
Secondary research also includes a search of technical writing,
recent trade, internet sources, and statistical data from trade
associations, government websites and agencies. This has proven to be
the most reliable, effective, and dynamic approach for acquiring
precise market data, identifying business opportunities, and
understanding industry participants’ perceptions.
Secondary
research sources that are typically referred to include broker
reports, corporation websites, stockholder presentations, Securities
& Exchange Commission filings, financial reports and regulatory
databases, national government documents, statistical databases, and
market reports, news articles, press releases, and webcasts specific
to companies operating in the market. Secondary sources referred for
this study include PlasticsToday, Plastics Business magazine,
Factiva, ICIS, Chemical Week Magazine, Chemical Business Magazine,
Hoover’s, and company presentations.
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Global Paraxylene Market:
Segmentation
The report provides
comprehensive analysis of the paraxylene market by key applications.
It segments the market into the following key applications: purified
terephthalic acid (PTA), dimethyl terephthalate (DMT), and others
(solvents, etc.). The report also segments the market based on major
topographies into North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa. The report further provides volume and
revenue for each application segment for each region.
Based on application and
country, the report examines the attractiveness of each segment with
the help of an attractiveness tool. The study comprises value chain
analysis, which provides enhanced understanding of key players in the
supply chain (from raw material producers to end-users).
Additionally, the study examines market competition through Porter’s
Five Forces Analysis.
Global Paraxylene Market:
Competitive Landscape
The report includes an outline
of the market share of key companies in the global paraxylene market.
Market share of companies has been derived based on production by
manufacturers of paraxylene. Key market players profiled in the study
include BP plc, Exxon Mobil Corporation, Sinopec Corporation, China
National Petroleum Corporation, S-Oil Corporation, JX Nippon Oil &
Energy Corporation, Reliance Industries Limited, Jurong Aromatics
Corporation, CNOOC Limited, Lotte Chemical Corporation, and BASF SE.
Profiles of key players include vital parameters such as financial
overview, business strategy, company overview, and current
developments.
The report segments the
global paraxylene market as follows:
Paraxylene Market –
Application Analysis
Purified Terephthalic Acid
(PTA)
Dimethyl Terephthalate
(DMT)
Others (solvents, etc.)
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