Press Release / Business / Para Xylene Market Global Overview, Future Trends, Segmentation, Business Revenue, Share, Size by 2022

Para Xylene Market Global Overview, Future Trends, Segmentation, Business Revenue, Share, Size by 2022

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.
Para Xylene is a clear, colorless and flammable solution which is produced from crude oil. Xylene primarily exists in three isomeric forms such as ortho-xylene, meta-xylene and para-xylene. Para xylene or PX or P-xylene is basically an aromatic hydrocarbon compound, which is colorless, sweet-smelling, toxic, and highly flammable chemical. Para-xylene is extensively used for the production of dimethyl terephthalate (DMT) and terephthalic acid (PTA) which are further used in the manufacturing of polyesters.
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Para Xylene Market Key Players:
Braskem, Exxon Mobil Corporation, Formosa Chemicals & Fibre Corporation, Reliance Industries Limited, Royal Dutch Shell plc., US Petrochemical Industries Inc. The Dow Chemicals Company, BASF SE, Conoco Phillips Corporation, JXTG Nippon Oil and Energy Corporation, China national Petroleum Corporation, British Petroleum, Jurong Aromatics Corporation, Lotte Chemical Corporation, Sinopec Corporation, and CNOOC Limited among others are some of the prominent players at the forefront of competition in the global Para-Xylene Market and are profiled in MRFR Analysis.
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.
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:
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.
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.
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.
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 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 Table of Content:

1. Executive Summary
Scope of the Report
Market Research Methodology
Market Landscape
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.marketwatch.com/press-release/para-xylene-market-forecast-by-2019-2022-segmented-by-analysis-industry-size-top-manufactures-types-growth-demand-features-business-growth-and-share-trends-by-research-report-mrfr-2019-01-21
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