Para Xylene Market Covering Factors, Growth, Market Drivers and Strategies 2023

Para Xylene Market Key Players:

  • Honeywell UOP,
  • BP,
  • JX Nippon Oil & Energy Corp.,
  • CNPC,
  • S-Oil,
  • Reliance Industries Ltd,
  • Dragon,
  • NPC Iran,
  • FCFC,
  • GS Caltex,
  • KPPC,
  • ONGC,
  • Orpic,
  • China National Offshore Oil Corporation

Reliance Industries contributes about 14% to the total Indian export it has presence in various sector. In India, Reliance is the largest producer of polyester fiber and yarn and the 5th largest producer of Para xylene.

Honeywell UOP has developed and successfully commercialized its latest breakthrough in Para xylene technology. Use of ADS-37TM adsorbent, UOP’s latest adsorbent for the Parex TM Process, while carrying out a high capacity revamp, can result in a capacity increase in the range of 10 to 30% compared with operation with previous generation. The improvements associated with ADS-37TM adsorbent and high capacity revamp can be implemented quickly and at relatively lower cost.

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Para Xylene Market Segmentation:

Para Xylene Market is majorly segmented on the basis of application and end-use. Based on end-use of para xylene the market is segmented into purified terephthalic acid, dimethyl terephthalate and others. Similarly, on the basis of application the market is classified into plastic industry, textile industry and others and others.

Para Xylene Market Regional Analysis:

The Asia-Pacific Para Xylene Market is anticipated to grow at fastest growing CAGR. Due to high production growth rate in the automotive industry in the region. The report estimates the size of the para xylene market, both in terms of volume and value. Asia-Pacific para xylene market is estimated to reach USD 9,909 Million by 2022. The key driver of the market is the growing demand from the automotive, electrical & electronics market.

Increasing demand for polyester fiber in emerging markets of Brazil and India is anticipated to significantly influence the demand for the para xylene in the upcoming scenario. As per the Indian Chemical Industry Five Year Plan 2012-2018, the production of para xylene had reached in million tons in 2016, whereas the consumption rate is anticipated to stand at USD 4.9 Million tons in 2017.

In-addition, APAC region is the major producer of para xylene with several capacity expansions planned in India and China over the coming years. Within the Asia Pacific region, China is the largest consumer and producer of polyester and para xylene, vital for the country’s textile industry, which generated USD 290 Billion of overseas sales. The regional market is also anticipated to experience oversupply after the upcoming capacities come into operation. High demand for polyester from packaging and textile industry coupled with rapid industrialization is anticipated to drive regional growth during the forecasted period. However, North America is expected to hold the second largest market share owing to the growth in the chemical industry as well as the expansion of the end user industries within the region. In 2017, the US consumed around USD 3.8 Million tons of para xylene and a considerable proportion of this demand is met through imports.

Para Xylene Market Table of Content:

1 Executive Summary

2 Scope of the Report

3 Market Research Methodology

4 Market Landscape

5 Industry Overview of ****** Par Xylene Market

Para Xylene Market Table of Content to be Continue……,

Para Xylene Market List of Table:

Table 1World Population: By Major Regions (2015 To 2030) (Million)

Table 2Global Paraxylene Market: By Region, 2014-2022 (USD Million)

Table 3North America Paraxylene Market: By Country, 2014-2022 (USD Million)

Table 4Europe Paraxylene Market: By Country, 2014-2022 (USD Million)

Table 5Asia-Pacific Paraxylene Market: By Country, 2014-2022 (USD Million)

Para Xylene Market List of Table to be Continue……,

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