Paraxylene (PX), also known as P-Xylene, is an aromatic hydrocarbon. It is one of the 3 isomers of dimethylbenzene, popularly known as xylene. Para indicates that the 2 methyl groups in paraxylene occupy the diametrically opposite substituent positions 1 and 4. Paraxylene differs from orthoxylene and metaxylene based on the substitution pattern of the 2 methyl groups. Paraxylene is a colorless, volatile liquid and a very important raw material in the preparation of polyethylene terephthalate (PET) chips.
Technavio’s analysts forecast the global paraxylene market to grow at a CAGR of 9.71% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global paraxylene market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • Europe • MEA
Technavio’s report, Global Paraxylene Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Braskem • BP • Chevron Phillips Chemical • Exxon Mobil • Reliance Industries
Other prominent vendors • China National Petroleum • FORMOSA CHEMICALS & FIBER CORPORATION • GS Caltex • Honeywell International • JXTG Holdings • Kuwait Paraxylene Production Company • Orpic • S-OIL
Market driver • Potential growth in APAC • For a full, detailed list, view our report
Market challenge • Fluctuation in raw material prices • For a full, detailed list, view our report
Market trend • Recycling of PET • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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