Africa Baby Care Products Market - Infinium Global Research Global Paraxylene Market - IGR 2021 | Page 2

The report on Paraxylene by Infinium Global Research analyses the
Paraxylene Market over the period of 2016 to 2021. This report also
provides detailed qualitative and quantitative analyses of the market
dynamics, market size and future trends in Global Paraxylene Market. It will
help a lot of decision makers to develop strategies and find new opportunities
in the Global Paraxylene Market.
The Global Paraxylene Market is projected to surpass USD 36.8 billion by
2021, growing with a CAGR of between 7% – 7.3% from 2016 to 2021.
Paraxylene (PX) is the largest volume isomer of the mixed xylenes. Paraxylene
is the key raw material to produce polyester (PE) which in turn is used to
produce fiber, films, packaging materials and polyethylene terephthalate
(PET). Increasing demand of both manmade fibres and PET are the driving the
demand of Paraxylene, predominantly in Asian markets. According to various
government sources, globally, eleven new units were started in 2013 – 2014,
stimulating the competitive supply of the Paraxylene. The total production of
Paraxylene is expected to surpass the demand and therefore the prices are
expected to ease down in the coming years.
Infinium Global Research