Global Paraxylene Market (2019-2025) | Revenue, Share, Size, Industry, Forecast, Growth, Trends, Companies, Analysis, Value & Outlook

Growing construction projects, surging textiles, packaging, and the electrical and electronics industry are the key drivers for the growth of paraxylene market globally. Moreover, government policies regarding the rising environmental concerns have paved the way for bioplastic products in which bio-based paraxylene forms an integral component thereby giving a boost to the paraxylene market.

According to 6Wresearch, Global Paraxylene Market size is expected to witness significant growth during 2019-2025. Asia Pacific region accounted for a major share of market demand in the global paraxylene market. Rising demand for purified terephthalic acid (PTA) which is used in the production of polyester such as PET bottles has fostered the paraxylene market in the Asia Pacific region. Government and private sector initiatives to reduce the use of non-renewable products for packaging would further result in a surge in the market revenues of the paraxylene market in the Asia Pacific region. For instance, Coca-Cola had launched a prototype of PET bottles made entirely from plant materials rather than non-renewable sources and it aims to achieve its target of 100% bio-based packaging materials by 2020 which would bolster the growth of paraxylene market.

Based on applications, purified terephthalic acid (PTA) is anticipated to maintain its dominance over the forecast period due to its high demand in polyester production. PTA is an organic compound formed by the reaction between paraxylene and acetic acid and also find wide-scale applications in industries such as automotive, electronics, beverages, etc.

Global paraxylene market report thoroughly covers the market by applications, end-user industry, and regions including North America, Europe, APAC, Middle East & Africa, and the rest of the world and key countries. Global paraxylene market outlook report provides an unbiased and detailed analysis of the Global paraxylene market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their strategies according to the future and current market dynamics.

The Global paraxylene market is anticipated to gain traction in the coming years on the back of the deployment of the product in vast industrial domains for the manufacture of industrial chemicals and polyethylene terephthalate (PET) polyesters. The PET plastic made products are gaining high popularity for homeware and kitchenware products such as plastic containers and bottles which possess the flexibility of use and are durable. The demand side parameter for plastic products manufactured by the use of paraxylene is anticipated to benefit the potential growth of the Global paraxylene market with China paraxylene market, expected to witness significant growth in the coming timeframe backed by the strong market potential of China towards production and global trade of PET products. 

The Global power rental market is anticipated to register sound revenues growth in the upcoming six years on the back of an increase in the growth and development of data centers in the developed economies across the globe with significant investments for the growth of the IT and software industry. Additionally, an increase in the availability of cost-efficient fuel, flexibility and ease of storage and transportation and a changing transformation towards the load change coupled with a rise in the development of oil and gas industry are the possible factors which are expected to drive the potential growth of global power rental market in the foreseeable future. 

Key Highlights of the Report:

• Global Paraxylene Market Overview
• Global Paraxylene Market Outlook
• Global Paraxylene Market Forecast
• Historical Data of Global Paraxylene Revenues for the Period 2015-2018
• Global Paraxylene Market Size and Global Paraxylene Market Forecast of Revenues, Until 2025
• Historical Data of Global Paraxylene Market Revenues, By Applications, for the Period 2015-2018
• Market Size & Forecast of Global Paraxylene Market Revenues, By Applications, until 2025
• Historical Data of Global Paraxylene Market Revenues, By End-Users Industry, for the Period 2015-2018
• Market Size & Forecast of Global Paraxylene Market Revenues, By End-Users Industry, until 2025
• Historical Data of North America Paraxylene Market Revenues, for the Period 2015-2018
• Market Size & Forecast of North America Paraxylene Market Revenues, until 2025
• Historical Data of Europe Paraxylene Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Europe Paraxylene Market Revenues, until 2025
• Historical Data of APAC Paraxylene Market Revenues, for the Period 2015-2018
• Market Size & Forecast of APAC Paraxylene Market Revenues, until 2025
• Historical Data of the Middle East & Africa Paraxylene Market Revenues, for the Period 2015-2018
• Market Size & Forecast of the Middle East & Africa Paraxylene Market Revenues, until 2025
• Market Drivers and Restraints
• Global Paraxylene Market Trends and Industry Life Cycle
• Global Paraxylene Market Share, By Regions
• Global Paraxylene Market Share, By Players
• Global Paraxylene Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Global Paraxylene Market report provides a detailed analysis of the following market segments:

• By Applications:
  • Purified Terephthalic Acid (PTA)
  • Dimethyl Terephthalate (DMT)
  • Others
    
    
• By End-Users Industry:
  • Plastics & Packaging
  • Textiles
  • Others

• By Regions:
  • North America
  • Europe
  • APAC
  • Middle East & Africa
  • Rest of the World

Other Key Reports Available:

• North America Paraxylene Market Report
• Europe Paraxylene Market Report
• APAC Paraxylene Market Report
• The Middle East & Africa Paraxylene Market Report

Frequently Asked Questions About the Market Study (FAQs):