Paraxylene Market Trends, Growth, Analysis and Forecasts To 2024 Paraxylene Market

Paraxylene Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 – 2024
Global Paraxylene Market: Methodology and Scope
Paraxylene is an aromatic hydrocarbon, which is used as feedstock to manufacture industrial
chemicals, notably purified terephthalic acid (PTA) and dimethyl terephthalate (DMT). PTA and DMT
are further employed in the manufacture of polyethylene terephthalate (PET) polyester. PET is used
to produce bottles, which are widely used as containers for soda, water, and other beverages due to
the superior physical attributes of PET. PET is shatter resistant, strong, and light in weight.
PET/Polyester is available in various forms such as filaments, staple, and fiberfill. It is used in clothing,
furnishings, and technical textiles. Polyester is mostly preferred over cotton and other natural fibers
due to its low cost and easy availability. PET possesses high strength-to-weight ratio and is non-
reactive to food and beverages. It is a transparent thermoplastic; therefore, it is preferred in food
packaging. Demand for PET is expected to increase in the F&B packaging market due to the rise in
population, changing lifestyle, and growth in disposal income. This is anticipated to drive the
paraxylene market in Asia Pacific. Fuelled by significant gains, PTA and PET producers in Asia Pacific
have started to expand rapidly, the production capacity which is likely to exceed the demand in the
next few years.
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This study examines, estimates, and forecasts the global paraxylene market in terms of volume (kilo
tons) and revenue (US$ Mn) from 2015 to 2024. Market numbers given in the report describe the
demand for global paraxylene, but not production. The paraxylene report also analyzes several driving
and restraining factors and their impact on the market during the forecast period.
Primary research represents the majority of our research efforts, supplemented by extensive
secondary research. We studied key players’ annual reports, press releases, product literature, and
appropriate documents for market understanding and competitive analysis. Secondary research also
includes a search of technical writing, recent trade, internet sources, and statistical data from trade
associations, government websites and agencies. This has proven to be the most reliable, effective,
and dynamic approach for acquiring precise market data, identifying business opportunities, and
understanding industry participants’ perceptions.
Secondary research sources that are typically referred to include broker reports, corporation websites,
stockholder presentations, Securities & Exchange Commission filings, financial reports and regulatory
databases, national government documents, statistical databases, and market reports, news articles,
press releases, and webcasts specific to companies operating in the market. Secondary sources