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Paraxylene (PX) Market Report by Application (Purified Terephthalic Acid (PTA), Dimethyl Terephthalate (DMT), and Others), End Use Industry (Plastics, Textile, and Others), and Region 2024-2032
Market Report I 2024-04-08 I 135 Pages I IMARC Group
The global paraxylene (PX) market size reached US$ 49.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 78.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
Paraxylene, also known as PX or P-Xylene, is an aromatic hydrocarbon compound. It is a colorless, transparent, highly flammable and toxic chemical which is chemically derived from products containing benzene. It is produced through the process of catalytic reforming of petroleum derivatives and is separated through crystallization, distillation and the reaction of ethylbenzene. It is primarily used as a raw material in the manufacturing of industrial chemicals such as purified terephthalic acid (PTA), purified dimethyl terephthalate (DMT) and others. It also finds applications in the production of packaging materials, polyester fibres, construction materials, etc.
The growing demand for plastics across the globe is the key factor driving the market. Paraxylene forms the core component in the production of plastic products. As a result, it is utilized for manufacturing polyethylene terephthalate (PET) bottles commonly used as containers for soda, water and other beverages. Paraxylene is also being used in the production of various household products such as containers for cosmetics and toiletries, and curtain fabrics, clothing and upholstery. Furthermore, the development of bio-based paraxylene is significantly contributing to the market growth. Increasing environmental awareness has encouraged consumers to seek eco-friendly options. Consequently, bioplastics, of which bio-based paraxylene is an integral component, are widely being incorporated across industries as a sustainable alternative to the conventionally used plastics. Other factors such as a thriving packaging industry are also contributing to the growth of the market.
IMARC Group's latest report provides a deep insight into the global paraxylene (PX) market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the paraxylene (PX) market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global paraxylene (PX) market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on application and end use industry.
Breakup by Application:
Purified Terephthalic Acid (PTA)
Dimethyl Terephthalate (DMT)
Others
Breakup by End Use Industry:
Plastics
Textile
Others
Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Braskem, China National Petroleum Corporation, ENEOS Corporation, ExxonMobil Corporation, Fujian Refining & Petrochemical Company Limited, Mangalore Refinery & Petrochemicals Ltd (Oil and Natural Gas Corporation Limited), Mitsubishi Gas Chemical Company Inc., National Petrochemical Company, PT Pertamina, Reliance Industries Limited, SK incheon petrochem Co. Ltd. and Toray International Inc.
Key Questions Answered in This Report
1. What was the size of the global paraxylene (PX) market in 2023?
2. What is the expected growth rate of the global paraxylene (PX) market during 2024-2032?
3. What are the key factors driving the global paraxylene (PX) market?
4. What has been the impact of COVID-19 on the global paraxylene (PX) market?
5. What is the breakup of the global paraxylene (PX) market based on the application?
6. What are the key regions in the global paraxylene (PX) market?
7. Who are the key players/companies in the global paraxylene (PX) market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends
5 Global Paraxylene (PX) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Application
5.5 Market Breakup by End Use Industry
5.6 Market Breakup by Region
5.7 Market Forecast
6 Market Breakup by Application
6.1 Purified Terephthalic Acid (PTA)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Dimethyl Terephthalate (DMT)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End Use Industry
7.1 Plastics
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Textile
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Region
8.1 Asia Pacific
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 North America
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Europe
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Braskem
13.3.2 China National Petroleum Corporation
13.3.3 ENEOS Corporation
13.3.4 ExxonMobil Corporation
13.3.5 Fujian Refining & Petrochemical Company Limited
13.3.6 Mangalore Refinery & Petrochemicals Ltd (Oil and Natural Gas Corporation Limited)
13.3.7 Mitsubishi Gas Chemical Company Inc.
13.3.8 National Petrochemical Company
13.3.9 PT Pertamina.
13.3.10 Reliance Industries Limited
13.3.11 SK incheon petrochem Co. Ltd.
13.3.12 Toray International Inc.
Figure 1: Global: Paraxylene Market: Major Drivers and Challenges
Figure 2: Global: Paraxylene Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Paraxylene Market: Breakup by Application (in %), 2023
Figure 4: Global: Paraxylene Market: Breakup by End Use Industry (in %), 2023
Figure 5: Global: Paraxylene Market: Breakup by Region (in %), 2023
Figure 6: Global: Paraxylene Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 7: Global: Paraxylene Industry: SWOT Analysis
Figure 8: Global: Paraxylene Industry: Value Chain Analysis
Figure 9: Global: Paraxylene Industry: Porter's Five Forces Analysis
Figure 10: Global: Paraxylene (Purified Terephthalic Acid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Paraxylene (Purified Terephthalic Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Paraxylene (Dimethyl Terephthalate) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Paraxylene (Dimethyl Terephthalate) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Paraxylene (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Paraxylene (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Paraxylene (Plastics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Paraxylene (Plastics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Paraxylene (Textile) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Paraxylene (Textile) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Paraxylene (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Paraxylene (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Asia Pacific: Paraxylene Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Asia Pacific: Paraxylene Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: North America: Paraxylene Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: North America: Paraxylene Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Europe: Paraxylene Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Europe: Paraxylene Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Middle East and Africa: Paraxylene Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Middle East and Africa: Paraxylene Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Latin America: Paraxylene Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Latin America: Paraxylene Market Forecast: Sales Value (in Million US$), 2024-2032
Table 1: Paraxylene: General Properties
Table 2: Global: Paraxylene Market: Key Industry Highlights, 2023 and 2032
Table 3: Global: Paraxylene Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Paraxylene Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
Table 5: Global: Paraxylene Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Paraxylene Market: Competitive Structure
Table 7: Global: Paraxylene Market: Key Players
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