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Global Paraxylene Market Share, Size, Growth, Demand, Analysis, Trends, Forecast: By Product Type: Dimethyl Terephthalate (DMT), Purified Terephthalic Acid (PTA), Others; By Application: Electronics, Construction, Textiles, Food Packaging; Beverage Bottling, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2023-2028

Global Paraxylene Market Outlook

The global paraxylene market size reached a value of around USD 46.97 billion in 2022. The global market is expected to grow at a CAGR of 6.40% between 2023 and 2028, reaching a value of USD 68.15 billion by 2028.

 

Global Paraxylene Market Trends

Paraxylene also known as p-Xylene, is a chemical that is largely used as a building block to manufacture polyester and PET plastics. As PET plastic is robust, lightweight, and shatter-resistant, it is frequently used to make bottles for water, sodas, and other liquids. P-Xylene is a hydrocarbon which is usually obtained from crude oils.

 

  • The growing demand for plastic goods in the packaging sector is one of the key market growth factors. In addition, bottles made of polyethylene terephthalate (PET) are often used to keep soda, water, and other liquids, and the rising demand for the PET plastics has enhanced the market development for paraxylene.
  • The paraxylene market is anticipated to receive various growth opportunities during the forecast period due to the rising utilisation of bio-based paraxylene in bioplastic PET bottles (Bio-PET) and various other bioplastic applications, such as food utensils.
  • Furthermore, rapid industrial and economic development in various regions would propel the market growth as the demand for plastic products rise. This will also enable opportunities for companies to expand their market presence into other regions.

 

Global Paraxylene Market Analysis

Based on product type, the market is segmented into dimethyl terephthalate, and purified terephthalic, among others. On the basis of application, the market is categorised into electronics, construction, textiles, food packaging, and beverage bottling, among others. The regional markets for paraxylene can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global paraxylene market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • China National Petroleum Corporation
  • ENEOS Corporation
  • GS Caltex Corporation
  • INEOS Group Holdings S.A
  • S-OIL Corporation
  • Reliance Industries Limited
  • Mitsubishi Gas Chemical Company, Inc.
  • Others

 

Different Product Types Available in the Paraxylene Market

The market for paraxylene, based on type, can be segmented into dimethyl terephthalate and purified terephthalic, among others. Dimethyl terephthalate is produced through the formal condensation of the carboxy groups of terephthalic acid with methanol. It is a diester, phthalate ester, and methyl ester. It is widely used in the manufacturing of polyesters and commercial plastics and is also commonly used to produce esters for the production of plasticisers. These plasticisers are usually found in polyester resins, polyester polyols, dyes and pigments, anhydrides, and insect repellents. Dimethyl terephthalate is a key component of thermoplastics, electrical capacitors, and several valuable X-ray and video films.

 

Regional markets for Paraxylene

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa make up the market segments for the global paraxylene market.

 

The Asia Pacific regional market for paraxylene is anticipated to be driven by the rapid industrialisation and economic growth. Due to the significant use of paraxylene for the manufacture of PET, the Asia-Pacific region is expected to hold a leading position in the market. China, India, Malaysia, and Indonesia, among others, are some of the largest manufacturers and consumers of paraxylene, which can significantly propel the development of the market.

 

Competitive Landscape

China National Petroleum Corporation founded in 1988, is one of the largest integrated energy organisations in the world and a significant national oil and gas corporation of China. Its main office is located in Beijing. The company has expertise in the oil and gas sector and distributes its products around the world. The company is engaged in searching, refining, and selling a variety of products, including fuel oils, solvent oils, diesel oils, lubricant oils, chemical light oils, and gasolines.

 

ENEOS Corporation, based in Tokyo, Japan, is a company that operates in the oil and gas industry. The company, founded in 1888, was formerly known as JXTG Nippon Oil & Energy Corporation, or NOC or Shin-Nisseki. Its operations include the exploration, import, and refinement of crude oil, as well as the production and marketing of petroleum goods including fuels and lubricants. 

 

GS Caltex Corporation is jointly controlled by Chevron and GS Group. The company was established in 1967 with headquarters in Seoul, South Korea, and was Korea's first privately owned oil firm. The company is engaged in various business sectors including petroleum, aromatics, olefin, polymer, base oil, and lubricants, while also increasingly focused on production processes and research and development.

 

Other market players include INEOS Group Holdings S.A, S-OIL Corporation, Reliance Industries Limited, and Mitsubishi Gas Chemical Company, Inc., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Application
  • Region
Breakup by Product Type
  • Dimethyl Terephthalate (DMT)
  • Purified Terephthalic Acid (PTA)
  • Others
Breakup by Application
  • Electronics
  • Construction
  • Textiles
  • Food Packaging
  • Beverage Bottling
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • China National Petroleum Corporation
  • ENEOS Corporation
  • GS Caltex Corporation
  • INEOS Group Holdings S.A
  • S-OIL Corporation
  • Reliance Industries Limited
  • Mitsubishi Gas Chemical Company, Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Paraxylene Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Paraxylene Historical Market (2018-2021) 
    8.3    Global Paraxylene Market Forecast (2023-2028)
    8.4    Global Paraxylene Market by Product Type
        8.4.1    Dimethyl Terephthalate (DMT)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2021)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Purified Terephthalic Acid (PTA)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2021)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Others
    8.5    Global Paraxylene Market by Application
        8.5.1    Electronics
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2021)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Construction
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2021)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Textiles
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2021)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Food Packaging
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2021)
            8.5.4.3    Forecast Trend (2023-2028)    
        8.5.5    Beverage Bottling
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2021)
            8.5.5.3    Forecast Trend (2023-2028)    
        8.5.6    Others
    8.6    Global Paraxylene Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Paraxylene Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Paraxylene Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Paraxylene Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Paraxylene Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Paraxylene Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code- 290243)

    16.1    Major Exporting Countries
        16.1.1    By Value
        16.1.2    By Volume
    16.2    Major Importing Countries
        16.2.1    By Value
        16.2.2    By Volume 
17    Price Analysis
18    Competitive Landscape

    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    China National Petroleum Corporation
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    ENEOS Corporation
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    GS Caltex Corporation
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    INEOS Group Holdings S.A
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    S-OIL Corporation
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Reliance Industries Limited
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Mitsubishi Gas Chemical Company, Inc.
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.2.8    Others
19    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Paraxylene Market: Key Industry Highlights, 2018 and 2028
2.    Global Paraxylene Historical Market: Breakup by Product Type (USD Million), 2018-2021
3.    Global Paraxylene Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4.    Global Paraxylene Historical Market: Breakup by Application (USD Million), 2018-2021
5.    Global Paraxylene Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Paraxylene Historical Market: Breakup by Region (USD Million), 2018-2021
7.    Global Paraxylene Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Paraxylene Historical Market: Breakup by Country (USD Million), 2018-2021
9.    North America Paraxylene Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Paraxylene Historical Market: Breakup by Country (USD Million), 2018-2021
11.    Europe Paraxylene Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Paraxylene Historical Market: Breakup by Country (USD Million), 2018-2021
13.    Asia Pacific Paraxylene Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Paraxylene Historical Market: Breakup by Country (USD Million), 2018-2021
15.    Latin America Paraxylene Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Paraxylene Historical Market: Breakup by Country (USD Million), 2018-2021
17.    Middle East and Africa Paraxylene Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Major Exporting Countries by Value
19.    Major Importing Countries by Value
20.    Major Exporting Countries by Volume
21.    Major Importing Countries by Volume
22.    Global Paraxylene Market Structure

Key Questions Answered in the Report

In 2022, the global market for paraxylene reached a value of USD 46.97 billion.

The market is expected to grow at a CAGR of 6.40% during the period 2023-2028.

The market is expected to reach a value of USD 68.15 billion in 2028.

The major paraxylene market drivers propelling market growth are the increasing demand for PET bottles and other plastic related products, and rapid industrial and economic development of certain countries.

The key trends influencing the market include the growing environmental awareness among people propelling the demand for bio-based PET bottles and other bioplastic products.

The regional markets for the paraxylene include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The product types of paraxylene available in the market include dimethyl terephthalate (DMT), and purified terephthalic (PTA), among others.

The different applications of paraxylene in the market include electronics, construction, textiles, food packaging, and beverage bottling, among others.

Paraxylene is commonly made from petroleum naphtha by its catalytic reforming as a component of the BTX aromatics separated from the catalytic reformate.

The key players in the market include China National Petroleum Corporation, ENEOS Corporation, GS Caltex Corporation, INEOS Group Holdings S.A, S-OIL Corporation, Reliance Industries Limited, and Mitsubishi Gas Chemical Company, Inc., among others.

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