Paraxylene Market Outlook 2018,Business Overview by 2026 Available in Latest Report

Paraxylene Market

Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titled "Paraxylene Market t by By Application (Purified Terephthalic Acid (PTA), Dibutyl-Phthalate Xylene (DI-PX), Dimethyl Terephthalate (DMT), Others), End User Industry (Plastics, Textile, Packaging, Polyester Fiber, Others), Geography (North America, Asia-Pacific, Europe, South America, Middle East and Africa) Analysis and Forecast, 2019 – 2026". In this report, Researchers have analyzed Strength, Weakness, opportunities and threats in the market and provides the unbiased picture of the market with the Qualitative and informative knowledge. The Paraxylene Market report additionally states import/trade utilization, free market activity figures, cost, value, volume and gross edges.

Global paraxylene market is projected to register a substantial CAGR of 7.06 % in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017

Market Definition: Global Paraxylene Market

Paraxylene, additionally called as PX or P-Xylene, is a fragrant hydrocarbon compound. It’s a colourless, transparent, enormously flammable and poisonous chemical that is chemically obtained from products that consist of benzene. It forms through the procedure of catalytic reforming of petroleum derivatives and segregated through distillation, crystallization and with the reaction of ethylbenzene. Paraxylene is an important chemical feedstock and one of the three isomers of dimethyl benzene, called as xylenes.

Key Market Competitors:

Few of the major competitors currently working in global paraxylene market are National Petrochemical Company, MITSUBISHI GAS CHEMICAL COMPANY, INC., JXTG Nippon Oil & Energy Corporation, Exxon Mobil Corporation, FUJAN REFINING & PETROCHEMICAL COMPANY LIMITED, China National Petroleum Corporation, Chevron Phillips Chemical Company, PT Pertamina (Persero), Braskem, BP p.l.c., SK innovation Co.. Ltd, Mangalore Refinery & Petrochemicals Ltd., TORAY INDUSTRIES, INC., China Petrochemical Corporation, Reliance Industries Limited, BASF SE, Honeywell International Inc, Dragon Oil (Holdings) Limited, S-OIL CORPORATION, GS Caltex India Pvt. Ltd and others

Segmentation: Global Paraxylene Market

By Application

• Purified Terephthalic Acid (PTA)
• Dimethyl Terephthalate (DMT)
• Dibutyl-Phthalate Xylene(DI-PX)
• Others
  • Solvent

By End User Industry

• Plastics
• Textile
• Packaging
• Polyester Fiber
• Others

By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Turkey
  • Belgium
  • Netherlands
  • Switzerland
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • South Korea
  • India
  • Australia
  • Singapore
  • Malaysia
  • Indonesia
  • Thailand
  • Philippines
  • Rest of Asia-Pacific
• Middle East and Africa
  • South Africa
  • Egypt
  • Saudi Arabia
  • United Arab Emirates
  • Israel
  • Rest of Middle East and Africa

Competitive Analysis:

Global paraxylene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of paraxylene market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Recent Developments in the Market:

• In June 2019, McDermott International, Inc. received an award by Ningbo Union King Polyester Material Limited for the, process design engineering, technology license and operator training services for a large-scale, grassroots 1,600 KTA paraxylene (PX) plant at Ningbo Union King's petrochemicals facility in Ningbo, China. This huge-scale PX plant will assist to meet the rising demand of petrochemicals in China
• In March 2019, BP, Virent and Johnson Matthey have signed an agreement to increase the commercialization of Virent’s Bio forming system for the production of bio-paraxylene (PX), an important raw fabric for the manufacturing of renewable polyester. Both the companies are working together to scale up the bioforming process for the production of renewable fuels. This agreement will help BP to enables its current petrochemicals plants to generate a diverse product in support of the commitment to promote a low carbon future

Why to purchase this report?

Following are the reasons to consider this Paraxylene Market report:

• This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the key market players and their working methodologies and their decision making capabilities.
• The report analyzes various factors which act as drivers and restraints to development the overall Paraxylene Market.
• This report not only analyzes present market condition but it likewise estimates how the Paraxylene Market is going to perform for estimated time period of 2019-2026.
• It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer’s requirement and preferences regarding the product in particular region.

About Us:

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.