Please Wait.....
Report
Paraxylene (PX) - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 120 Pages I Mordor Intelligence
The Paraxylene Market size is estimated at 64.48 Million tons in 2025, and is expected to reach 83.64 Million tons by 2030, at a CAGR of 5.34% during the forecast period (2025-2030).
The market was moderately impacted by COVID-19 in 2020. Purified terephthalic acid, a paraxylene product, was used to manufacture polyester coating resins in the formulation of automotive coatings. The declining automotive industry and the temporary shutdown of automotive manufacturing negatively impacted the market. However, face shields, transparent masks, food, and e-commerce packaging usage increased, thus boosting the demand for paraxylene derivatives.
Key Highlights
- The surging demand for polyethylene terephthalate (PET) products and the growing demand for polyester fiber in the textile industry are expected to drive the market's growth.
- However, tightening regulations on polyethylene terephthalate (PET) usage and other restraints, such as environmental concerns and health hazards associated with paraxylene, are hindering the market's growth.
- Innovation in using bio-based paraxylene is likely to create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market during the forecast period.
Paraxylene Market Trends
Textile Segment to Dominate the Market
- Paraxylene plays a pivotal role in the textile industry, serving as the primary raw material for polyester fibers, especially through the synthesis of purified terephthalic acid (PTA).
- Derived from paraxylene, polyester fibers find extensive applications in clothing production. Their durability, wrinkle resistance, and shape retention make them a preferred choice. Common applications include shirts, dresses, trousers, and activewear.
- Beyond clothing, polyester is used in home textiles like curtains, upholstery, bed linens, and carpets. Its fade resistance and easy maintenance further enhance its appeal in household items.
- The positive growth in the textile sector worldwide is expected to propel the paraxylene market. Asia-Pacific is the largest producer of textiles globally. The Asia-Pacific countries, notably China, India, Vietnam, South Korea, and Japan, are among the few countries that export textiles in substantial quantities.
- According to the Ministry of Industry and Information Technology, China's textile and garment exports reached USD 25.3 billion in December 2023 (up by 2.6% YoY) and USD 45.1 billion in January-February 2024 (up by 14.3% YoY). The growth rate was 32.8% higher than the previous year and exceeded overall goods trade export growth by 7.2%.
- India, the world's largest producer of textiles and garments with a 4.6% share of the global trade, is emerging as a pivotal hub for apparel manufacturing. Projections from Invest India suggest the nation is expected to reach a staggering USD 350 billion in textile production by 2030.
- India's textile exports, as highlighted by the Indian Brand Equity Foundation (IBEF), achieved a historic milestone. Forecasts indicate these exports are set to ascend to USD 65 billion by FY26, with an ambitious target of USD 190 billion by 2025-26.
- According to the National Council of Textile Organizations (NCTO), the United States is the world's third-largest exporter of textiles. The United States' textile industry supplies the US military with over 8,000 textile products. The United States' textile and apparel shipments reached USD 64.8 billion in 2023. The United States is the world leader in textile research and development.
- Due to the abovementioned factors, the paraxylene market will likely grow during the forecast period.
China to Dominate the Asia-Pacific Region
- In Asia-Pacific, China emerged as one of the biggest production houses in the world. Presently, it is also the largest manufacturer and consumer of Paraxylene.
- China is the global leader in the production and consumption of paraxylene (PX) and polyester, which are essential to its textile industry-a sector generating export revenues worth hundreds of billions annually.
- In 2023, the country increased its paraxylene capacity by 5.7 million tons, reaching 42.1 million tons per annum in 2024, according to the China National Petroleum Corporation (CNPC).
- The China Petroleum and Chemical Industry Federation (CPCIF) forecasts additional capacity expansions by the end of 2025.
- In November 2024, Aramco, China Petroleum & Chemical Corporation (SINOPEC), and Fujian Petrochemical Company Limited (FPCL) commenced construction of an integrated refining and petrochemical complex in Fujian Province.
- The project includes a two-million-ton paraxylene unit with downstream derivatives capacity. Ownership is divided among FPCL (50% stake through its joint venture with SINOPEC and Fujian Petrochemical Industrial Group Company), Aramco (25%), and SINOPEC (25%). The facility is scheduled to begin operations by the end of 2030.
- China's polyethylene terephthalate (PET) capacity is projected to witness substantial growth by 2028, significantly increasing the demand for paraxylene, a critical raw material in PET manufacturing. With China anticipated to contribute approximately 40% of global PET capacity additions, this expansion is expected to drive paraxylene consumption upward.
- Therefore, the market for Paraxylene will likely grow due to the rising demand from end-user industries during the forecast period.
Paraxylene Industry Overview
The paraxylene (PX) market is partially consolidated in nature. The major players (not in any particular order) include China Petroleum & Chemical Corporation (SINOPEC), Rongsheng Petrochemical Co., Ltd., Reliance Industries Limited, HENGLI PETROCHEMICAL (DALIAN) CHEMICAL CO., LTD., and ENEOS Corporation.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
2.1 Research Framework
2.2 Secondary Research
2.3 Primary Research
2.4 Data Triangulation and Insight Generation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1 Surging Demand For Polyethylene Terephthalate (PET) Products Boosts Paraxylene Rise
4.2.2 Growing Demand For Polyester Fiber in the Textile Industry
4.3 Restraints
4.3.1 Tightening Regulations on Polyethylene Terephthalate (PET) Usage
4.3.2 Other Restraints
4.4 Industry Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products and Services
4.5.5 Degree of Competition
5 MARKET SEGMENTATION (Market Size in Volume)
5.1 Application
5.1.1 Purified Terephthalic Acid (PTA)
5.1.2 Dimethyl Terephthalate (DMT)
5.1.3 Other Applications
5.2 End-user Industry
5.2.1 Plastics
5.2.2 Textile
5.2.3 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Thailand
5.3.1.6 Indonesia
5.3.1.7 Malaysia
5.3.1.8 Vietnam
5.3.1.9 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Spain
5.3.3.6 Russia
5.3.3.7 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Colombia
5.3.4.4 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 Qatar
5.3.5.3 United Arab Emirates
5.3.5.4 Nigeria
5.3.5.5 Egypt
5.3.5.6 South Africa
5.3.5.7 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share(%) Analysis
6.3 Swot Analysis of Top Players
6.3.1 China Petroleum & Chemical Corporation (sinopec)
6.3.2 Rongsheng Petrochemical Co., Ltd.
6.3.3 Reliance Industries Limited
6.4 Company Profiles
6.4.1 China National Petroleum Corporation
6.4.2 China Petroleum & Chemical Corporation
6.4.3 Eneos Corporation
6.4.4 ExxonMobil Corporation
6.4.5 GS Caltex Corporation
6.4.6 Hengli Petrochemical Co., Ltd.
6.4.7 Ineos
6.4.8 Reliance Industries Limited
6.4.9 Rongsheng Petrochemical Co., Ltd.
6.4.10 S-oil Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Innovation in the Use of Bio-based Paraxylene
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security