Bio Based Paraxylene Market Global Industry Analysis, Size and Trend by 2022


                       Paraxylene Market (2)

The global paraxylene market was valued at $34,745.7 million in 2015, and it is expected to grow at a CAGR of 12.8% during 2016 - 2022. The major factors driving the growth of the market globally include growing demand of PTA in polyester manufacturing, rising demand for PET bottle resin due to increasing use of PET in soft drink and mineral water bottles, recycle and renewable raw material and the growth in end-user application.

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Polyester fibers are used to make fabrics for apparel and home furnishings such as bed sheets, bedspreads, curtains and draperies. The polyester fiber is used with natural fibers, such as cotton, to produce cloth line with enhanced properties such as high wrinkle resistance, high wear and tear and others.


Among the various end-users of paraxylene, the polyester fiber segment held the largest share in the global paraxylene market in 2015. The growth in disposable income of middle class population along with increasing population is creating pressure on textile industry to meet the growing household and apparel needs.

In 2015, Asia-Pacific held the largest share in the global paraxylene market with 82.4% share. The surging level of urbanization, growing domestic consumption along with increasing disposable income and strong GDP growth are some of the major forces supporting the growth of paraxylene market in Asia-Pacific, particularly in countries such as India and China.

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Some of the major players operating in the global paraxylene market include Exxon Mobil, BASF SE, Chevron Phillips, Toray Industries, Reliance Industries, JX Nippon Oil & Energy Corp., British Petroleum, Saudi Aramco,, Petro China, Sinopec and Dragon Aromatics.

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