Para Xylene Market Key Players:
Para Xylene Market are Honeywell UOP, BP, JX Nippon Oil & Energy Corp., CNPC, S-Oil, Reliance Industries Ltd, and 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.
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Para Xylene Market Overview:
Para Xylene Market is expected to grow at USD 81.02 Billion by 2022 growing with the CAGR of 12.05% from 2018 to 2022.
In 2015, the polyesters demand reached around USD 50 Million tons making it the most commonly used synthetic fiber across the globe. A small amount of Para xylene is also used as a solvent and in the production of herbicides and di-Para xylene. Rising demand for Para xylene from numerous end user industries including packaging, textiles and construction materials is significantly influencing the demand for Para xylene.
Para Xylene is used in the production of Purified Terephthalic Acid (PTA) and Dimethyl Terephthalate (DMT) which is further used in production of polyester fiber, film, and resin for a variety of application. Due to downstream demand, the para xylene market is robust and is growing at 6% to 8% every year. By 2005, globally, the production of para xylene capacity has demanded by more than 5.5 million metric tons per annum, lowering the average capacity up to 85%.
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 2013-2018, the production of para xylene had reached in millions of tons in 2018, whereas the consumption rate is anticipated to stand at USD 4.9 Million tons in 2018.
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 Global Par Xylene Market
Para Xylene Market Table of Content to be Continue……,
Complete table of content is available at @ https://www.marketresearchfuture.com/reports/para-xylene-market-2278
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