Paraxylene Market Research To 2017: Grand View Analysis, Inc
New Market Analysis Stories Title “Paraxylene Market Analysis Dimension and Phase Forecasts to 2022” Has Been Added to GrandViewResearch.com Report Database
The global paraxylene (PX) market is anticipated to succeed in USD 66.93 billion by 2022, based on a new report by Grand View Analysis, Inc. Growing polyester resin and fiber demand from numerous end-use industries is anticipated to drive international indorama petrochemical & fertilizers paraxylene market over the forecast period.
Increasing demand for purified terephthalic acid (PTA) in polyester production notably in Asia Pacific has triggered paraxylene demand in the current previous and this development is likely to continue over the next seven years. Increased conversion efficiency together with lower polyester indorama petrochemical & fertilizers production price for PTA over DMT has increased PTA demand exponentially over past few years.
Oversupply of PET in past few years has now forced PTA manufacturers to lower the capability utilization fee in the latest past. PTA production capacity has expanded quicker than the demand, affecting the worldwide utilization fee. Sudden decrease in Chinese PTA import on account of increased in-house production has drastically affected PTA manufacturers located in Asia Pacific.
Increasing consumer awareness concerning non-disposable nature of petrochemical products and increasing demand for bio-based mostly substitutes is anticipated to remain key challenges for market members. Anti-PX movement in China initiated to increase societal awareness regarding pollution brought on by PX production facilities is expected to inhibit the market progress over the petroleum equipment company forecast period. Big distinction between deliberate capacity additions and precise PX demand over the interval is predicted to drastically lower down the worldwide working rates over the forecast period, decreasing profit margins for manufacturers.
Browse to access In-depth analysis report on Global Paraxylene Market with detailed charts and figures: http://www.grandviewresearch.com/business-evaluation/paraxylene-market
Further key findings from the report recommend:
World paraxylene market demand was 36.83 million tons in 2014 and is anticipated to achieve 62.98 million tons by 2022, rising at a CAGR of 7.Zero% from 2015 to 2022.
Purified terephthalic acid (PTA) is predicted to remain the biggest utility segment for PX in the global market. The section accounted for over ninety five% of total PX demand in gas 2014. The expansion could also be attributed to elevated demand for polyester from various end-use industries.
Asia Pacific emerged because the main regional market with demand share estimated at 79.2% in 2014. Growing demand for indorama petrochemical & fertilizers polyester fiber and PET notably in rising economies of China and India is expected to drive the regional market. Asia Pacific can also be anticipated to witness the highest development of 7.3% from 2015 to 2022.
Key market individuals working in the worldwide PX market include JX Nippon Oil Revenue, USD Million, 2012 – 2022)
Dimethyl Terephthalate (DMT)
Purified Terephthalic Acid (PTA)
Paraxylene Utility Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)
Middle East & Africa
Central & South America
Browse more studies of this class by Grand View Research: http://www.grandviewresearch.com/business/petrochemicals-and-downstream-derivatives