FORT WORTH, Texas, April 8, 2015 /PRNewswire/ --
The global paraxylene market is expected to reach a value of $100,813.9 million by 2019, at a CAGR of 11.3% during the forecast period of 2014 to 2019.
Browse through the TOC of paraxylene market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Paraxylene demand has continued to remain robust across all regions in the world. This is mainly owing to the constantly rising demands from the packaging and polyester fiber industries, globally. Additionally, the growth in end-user applications and existing and upcoming production facilities are the other driving factors fuelling the growth of the global paraxylene market. The main end-users of paraxylene are packaging and polyester fibers and these will remain the most preferred choices in the majority of the markets they serve.
The factors that are enhancing the growth of this market are the promising growth of the chemicals industry; the rising demand from end-user industries; and PET bottle demand and increased PTA consumption in emerging economies. The weak supply chain and environmental concerns may restrain the growth of the paraxylene market in the coming years. The issues in the market are mainly pertaining to environmental impacts of paraxylene. The industry players are following various strategies, such as joint ventures and capacity expansions, to address the demands generated by the end-user industries, especially in developing countries.
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The leading players in the market are Exxon Mobil Corp., BP plc, Sinopec Ltd., Reliance Industries, Formosa Plastics Corp., GS Holdings, Nippon Petroleum, National Petrochemical Company, Chevron Corporation, and China National Petroleum Corporation (CNPC), among others.
The xylene industry is witnessing a high growth on account of growing end-use applications. The report 'Europe Xylenes Market' estimates the size of the xylene market in terms of both volume and value. The Europe xylenes market report provides a comprehensive review of the key market drivers, challenges, and issues. The Europe xylenes market was valued at 2,627.3 million in 2012, and is projected to reach 3,686.9 million by 2018.
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