Paraxylene Market Analysis By Application (Dimethyl Terephthalate (DMT), Purified Terephthalic Acid (PTA)) And Segment Forecasts To 2022

Published: Jan, 2016 | Pages: 89 | Publisher: Grand View Research
Industry: Petrochemicals | Report Format: Electronic (PDF)

The global paraxylene (PX) market is expected to reach USD 66.93 billion by 2022, according to a new report by Grand View Research, Inc. Increasing polyester resin and fiber demand from various end-use industries is expected to drive global paraxylene market over the forecast period. 

Increasing demand for purified terephthalic acid (PTA) in polyester production particularly in Asia Pacific has triggered paraxylene demand in the recent past and this trend is likely to continue over the next seven years. Higher conversion efficiency along with lower polyester production cost 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 capacity utilization rate in the recent past. PTA production capacity has expanded faster than the demand, affecting the global utilization rate. 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 regarding non-disposable nature of petrochemical products and increasing demand for bio-based substitutes is expected to remain key challenges for market participants. Anti-PX movement in China initiated to increase societal awareness regarding pollution caused by PX production facilities is expected to inhibit the market growth over the forecast period. Huge difference between planned capacity additions and actual PX demand over the period is expected to drastically lower down the global operating rates over the forecast period, reducing profit margins for manufacturers. 

Further key findings from the report suggest:

Global paraxylene market demand was 36.83 million tons in 2014 and is expected to reach 62.98 million tons by 2022, growing at a CAGR of 7.0% from 2015 to 2022.  

Purified terephthalic acid (PTA) is expected to remain the largest application segment for PX in the global market. The segment accounted for over 95% of total PX demand in 2014. The growth may be attributed to increased demand for polyester from various end-use industries.

Asia Pacific emerged as the leading regional market with demand share estimated at 79.2% in 2014. Growing demand for polyester fiber and PET particularly in emerging economies of China and India is expected to drive the regional market. Asia Pacific is also expected to witness the highest growth of 7.3% from 2015 to 2022.

Key market participants operating in the global PX market include JX Nippon Oil & Energy Corp., BP, CNPC, Reliance Industries Ltd., S-Oil, Dragon, FCFC, NPC Iran, GS Caltex, ONGC, KPPC, Orpic, Jurong Aromatics Corp., China National Offshore Oil Corporation (CNOOC), PTT, Lotte KP Chemical, Yanbu Aramco Sinopec Refining Company Ltd., ExxonMobil, Saudi Aramco, Dalian Fujia Dahua, Idemitsu Kosan Co., Ltd., Toyo, Teijin Fibers and Pertamina.

Table of Content

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Paraxylene - Industry Summary and Key Buying Criteria, 2012 - 2022
Chapter 3. Paraxylene Industry Outlook
3.1. Paraxylene market segmentation
3.2. Paraxylene market size and growth prospects, 2012 - 2022
3.3. Paraxylene market - Value chain analysis
3.3.1. Vendor landscape
3.4. Raw material outlook
3.5. Price analysis
3.6. Bio-based paraxylene
3.6.1. Market trends
3.6.2. Technology outlook
3.6.3. Key participants
3.7. Paraxylene market - Recent trends
3.8. Paraxylene market dynamics
3.8.1. Market driver analysis
3.8.2. Market restraint analysis
3.9. Key market opportunities - Prioritized
3.10. Industry analysis - Porter's
3.11. Paraxylene company market share, 2014
3.11.1. Market strategy overview
3.12. Paraxylene market PESTEL analysis, 2014
Chapter 4. Paraxylene Application Outlook
4.1. Global Paraxylene market share by application, 2014 & 2022
4.2. Dimethyl Terephthalate (DMT)
4.2.1. Market estimates and forecast, 2012 - 2022
4.2.2. Market estimates and forecast by region, 2012 - 2022
4.3. Purified Terephthalic acid (PTA)
4.3.1. Market estimates and forecast, 2012 - 2022
4.3.2. Market estimates and forecast by region, 2012 - 2022
4.4. Others
4.4.1. Market estimates and forecast, 2012 - 2022
4.4.2. Market estimates and forecast by region, 2012 - 2022
Chapter 5. Paraxylene Regional Outlook
5.1. Global Paraxylene market share by region, 2014 & 2022
5.2. North America
5.2.1. Market estimates and forecast, 2012 - 2022
5.2.2. Market estimates and forecast by application, 2012 - 2022
5.2.3. U.S.
5.2.3.1. Market estimates and forecast, 2012 - 2022
5.2.3.2. Market estimates and forecast by application, 2012 - 2022
5.3. Europe
5.3.1. Market estimates and forecast, 2012 - 2022
5.3.2. Market estimates and forecast by application, 2012 - 2022
5.3.3. Germany
5.3.3.1. Market estimates and forecast, 2012 - 2022
5.3.3.2. Market estimates and forecast by application, 2012 - 2022
5.3.4. France
5.3.4.1. Market estimates and forecast, 2012 - 2022
5.3.4.2. Market estimates and forecast by application, 2012 - 2022
5.3.5. U.K.
5.3.5.1. Market estimates and forecast, 2012 - 2022
5.3.5.2. Market estimates and forecast by application, 2012 - 2022
5.4. Asia Pacific
5.4.1. Market estimates and forecast, 2012 - 2022
5.4.2. Market estimates and forecast by application, 2012 - 2022
5.4.3. China
5.4.3.1. Market estimates and forecast, 2012 - 2022
5.4.3.2. Market estimates and forecast by application, 2012 - 2022
5.4.4. India
5.4.4.1. Market estimates and forecast, 2012 - 2022
5.4.4.2. Market estimates and forecast by application, 2012 - 2022
5.4.5. Japan
5.4.5.1. Market estimates and forecast, 2012 - 2022
5.4.5.2. Market estimates and forecast by application, 2012 - 2022
5.5. Central & South America
5.5.1. Market estimates and forecast, 2012 - 2022
5.5.2. Market estimates and forecast by application, 2012 - 2022
5.6. Middle East & Africa
5.6.1. Market estimates and forecast, 2012 - 2022
5.6.2. Market estimates and forecast by application, 2012 - 2022
Chapter 6. Competitive Landscape
6.1. BASF
6.1.1. Company Overview
6.1.2. Financial Performance
6.1.3. Product Benchmarking
6.1.4. Strategic Initiatives
6.2. BP plc.
6.2.1. Company Overview
6.2.2. Financial Performance
6.2.3. Product Benchmarking
6.2.4. Strategic Initiatives
6.3. Chevron Phillips Chemical
6.3.1. Company Overview
6.3.2. Financial Performance
6.3.3. Product Benchmarking
6.3.4. Strategic Initiatives
6.4. CNPC
6.4.1. Company Overview
6.4.2. Financial Performance
6.4.3. Product Benchmarking
6.4.4. Strategic Initiatives
6.5. Exxon Mobil
6.5.1. Company Overview
6.5.2. Financial Performance
6.5.3. Product Benchmarking
6.5.4. Strategic Initiatives
6.6. JX Nippon Oil & Energy Corporation
6.6.1. Company Overview
6.6.2. Financial Performance
6.6.3. Product Benchmarking
6.6.4. Strategic Initiatives
6.7. MITSUBISHI GAS CHEMICAL CO. INC
6.7.1. Company Overview
6.7.2. Financial Performance
6.7.3. Product Benchmarking
6.7.4. Strategic Initiatives
6.8. NPC Iran
6.8.1. Company Overview
6.8.2. Financial Performance
6.8.3. Product Benchmarking
6.8.4. Strategic Initiatives
6.9. Reliance Industries Ltd. - (RIL)
6.9.1. Company Overview
6.9.2. Financial Performance
6.9.3. Product Benchmarking
6.9.4. Strategic Initiatives
6.10. Saudi Aramco
6.10.1. Company Overview
6.10.2. Financial Performance
6.10.3. Product Benchmarking
6.10.4. Strategic Initiatives
6.11. SINOPEC
6.11.1. Company Overview
6.11.2. Financial Performance
6.11.3. Product Benchmarking
6.11.4. Strategic Initiatives

List of Tables

Table1. Paraxylene - Industry summary & key buying criteria, 2012-2022
Table2. Global paraxylene market estimates, 2012 - 2014 (Kilo Tons) (USD Million)
Table3. Global paraxylene market estimates and forecast, 2015 - 2022 (Kilo Tons) (USD Million)
Table4. Global paraxylene market volume estimates by region, 2012 - 2014 (Kilo Tons)
Table5. Global paraxylene market volume estimates and forecast by region, 2015 - 2022 (Kilo Tons)
Table6. Global paraxylene market revenue estimates by region, 2012 - 2014, (USD Million)
Table7. Global paraxylene market revenue estimates and forecast by region, 2015 - 2022 (USD Million)
Table8. Global paraxylene market volume estimates by product, 2012- 2014, (Kilo Tons)
Table9. Global paraxylene market volume estimates and forecast by product, 2015- 2022, (Kilo Tons)
Table10. Global paraxylene market revenue estimates by product, 2012- 2014, (USD Million)
Table11. Global paraxylene market revenue estimates and forecast by product, 2015 - 2022 (USD Million)
Table12. Global paraxylene market vendor landscape
Table13. Global paraxylene market estimates in DMT, 2012 - 2014 (Kilo Tons) (USD Million)
Table14. Global paraxylene market volume estimates and forecast in DMT, 2015 - 2022 (Kilo Tons)
Table15. Global paraxylene market volume estimates in DMT by region, 2012 - 2014 (Kilo Tons)
Table16. Global paraxylene market volume estimates and forecast in DMT by region, 2015 - 2022 (Kilo Tons)
Table17. Global paraxylene market revenue estimates in DMT by region, 2012 - 2014 (USD Million)
Table18. Global paraxylene market revenue estimates and forecast in DMT by region, 2015 - 2022 (USD Million)
Table19. Global paraxylene market estimates in PTA, 2012 - 2014 (Kilo Tons) (USD Million)
Table20. Global paraxylene market volume and revenue estimates and forecast in PTA, 2015 - 2022 (Kilo Tons) (USD Million)
Table21. Global paraxylene market volume in PTA by region, 2012 - 2014 (Kilo Tons)
Table22. Global paraxylene market volume in PTA by region, 2015 - 2022 (Kilo Tons)
Table23. Global paraxylene market revenue estimates in PTA by region, 2012 - 2014 (USD Million)
Table24. Global paraxylene market revenue in PTA by region, 2015 - 2022 (USD Million)
Table25. Global paraxylene market volume estimates in other applications, 2012 - 2014 (Kilo Tons)
Table26. Global paraxylene market volume estimates and forecast in other applications, 2015 - 2022 (Kilo Tons)
Table27. Global paraxylene market volume estimates in other applications, 2012 - 2014 (Kilo Tons)
Table28. Global paraxylene market volume estimates and forecast in other applications by region, 2015 - 2022 (kilo tons)
Table29. Global paraxylene market revenue estimates in other applications, 2012 - 2014 (USD Million)
Table30. Global paraxylene market revenue estimates and forecast in other applications by region, 2015 - 2022 (USD Million)
Table31. North America paraxylene market estimates, 2012 - 2014 (Kilo Tons) (USD Million)
Table32. North America paraxylene market estimates and forecast, 2015 - 2022 (Kilo Tons) (USD Million)
Table33. North America paraxylene market volume estimates by application, 2012 - 2014 (Kilo Tons)
Table34. North America paraxylene market volume estimates and forecasts by application, 2015 - 2022 (Kilo Tons)
Table35. North America paraxylene market revenue estimates by application, 2012 - 2014, (USD Million)
Table36. North America paraxylene market revenue estimates and forecasts by application, 2015 - 2022 (USD Million)
Table37. U.S. paraxylene market estimates, 2012 - 2014 (Kilo Tons) (USD Million)
Table38. U.S. paraxylene market estimates and forecast, 2015 - 2022 (Kilo Tons) (USD Million)
Table39. U.S. paraxylene market volume estimates by application, 2012 - 2014 (Kilo Tons)
Table40. U.S. paraxylene market volume estimates and forecasts by application, 2015 - 2022 (Kilo Tons)
Table41. U.S. paraxylene market revenue estimates by application, 2012 - 2014, (USD Million)
Table42. U.S. paraxylene market revenue estimates and forecasts by application, 2015 - 2022 (USD Million)
Table43. Europe paraxylene market estimates, 2012 - 2014 (Kilo Tons) (USD Million)
Table44. Europe paraxylene market estimates and forecast, 2015 - 2022 (Kilo Tons) (USD Million)
Table45. Europe paraxylene market volume estimates by application, 2012 - 2014 (Kilo Tons)
Table46. Europe paraxylene market volume estimates and forecasts by application, 2015 - 2022 (Kilo Tons)
Table47. Europe paraxylene market revenue estimates by application, 2012 - 2014, (USD Million)
Table48. Europe paraxylene market revenue estimates and forecasts by application, 2015 - 2022 (USD Million)
Table49. Germany paraxylene market estimates, 2012 - 2014 (Kilo Tons) (USD Million)
Table50. Germany paraxylene market estimates and forecast, 2015 - 2022 (Kilo Tons) (USD Million)
Table51. Germany paraxylene market volume estimates by application, 2012 - 2014 (Kilo Tons)
Table52. Germany paraxylene market volume estimates and forecasts by application, 2015 - 2022 (Kilo Tons)
Table53. Germany paraxylene market revenue estimates by application, 2012 - 2014, (USD Million)
Table54. Germany paraxylene market revenue estimates and forecasts by application, 2015 - 2022 (USD Million)
Table55. France paraxylene market estimates, 2012 - 2014 (Kilo Tons) (USD Million)
Table56. France paraxylene market estimates and forecast, 2015 - 2022 (Kilo Tons) (USD Million)
Table57. France paraxylene market volume estimates by application, 2012 - 2014 (Kilo Tons)
Table58. France paraxylene market volume estimates and forecasts by application, 2015 - 2022 (Kilo Tons)
Table59. France paraxylene market revenue estimates by application, 2012 - 2014, (USD Million)
Table60. France paraxylene market revenue estimates and forecasts by application, 2015 - 2022 (USD Million)
Table61. UK paraxylene market estimates, 2012 - 2014 (Kilo Tons) (USD Million)
Table62. UK paraxylene market estimates and forecast, 2015 - 2022 (Kilo Tons) (USD Million)
Table63. UK paraxylene market volume estimates by application, 2012 - 2014 (Kilo Tons)
Table64. UK paraxylene market volume estimates and forecasts by application, 2015 - 2022 (Kilo Tons)
Table65. UK paraxylene market revenue estimates by application, 2012 - 2014, (USD Million)
Table66. UK paraxylene market revenue estimates and forecasts by application, 2015 - 2022 (USD Million)
Table67. Asia Pacific paraxylene market estimates, 2012 - 2014 (Kilo Tons) (USD Million)
Table68. Asia Pacific paraxylene market estimates and forecasts, 2015 - 2022 (Kilo Tons) (USD Million)
Table69. Asia Pacific paraxylene market volume estimates by product, 2012 - 2014 (Kilo Tons)
Table70. Asia Pacific paraxylene market volume estimates by application, 2012 - 2014 (Kilo Tons)
Table71. Asia Pacific paraxylene market volume estimates and forecasts by application, 2015 - 2022 (Kilo Tons)
Table72. Asia Pacific paraxylene market revenue estimates by application, 2012 - 2014, (USD Million)
Table73. Asia Pacific paraxylene market revenue estimates and forecasts by application, 2015 - 2022 (USD Million)
Table74. China paraxylene market estimates, 2012 - 2014 (Kilo Tons) (USD Million)
Table75. China paraxylene market estimates and forecasts, 2015 - 2022 (Kilo Tons) (USD Million)
Table76. China paraxylene market volume estimates by application, 2012 - 2014 (Kilo Tons)
Table77. China paraxylene market volume estimates and forecasts by application, 2015 - 2022 (Kilo Tons)
Table78. China paraxylene market revenue estimates by application, 2012 - 2014, (USD Million)
Table79. China paraxylene market revenue estimates and forecasts by application, 2015 - 2022 (USD Million)
Table80. India paraxylene market estimates, 2012 - 2014 (Kilo Tons) (USD Million)
Table81. India paraxylene market estimates and forecasts, 2015 - 2022 (Kilo Tons) (USD Million)
Table82. India paraxylene market volume estimates by application, 2012 - 2014 (Kilo Tons)
Table83. India paraxylene market volume estimates and forecasts by application, 2015 - 2022 (Kilo Tons)
Table84. India paraxylene market revenue estimates by application, 2012 - 2014, (USD Million)
Table85. India paraxylene market revenue estimates and forecasts by application, 2015 - 2022 (USD Million)
Table86. Japan paraxylene market estimates, 2012 - 2014 (Kilo Tons) (USD Million)
Table87. Japan paraxylene market estimates and forecasts, 2015 - 2022 (Kilo Tons) (USD Million)
Table88. Japan paraxylene market volume estimates by application, 2012 - 2014 (Kilo Tons)
Table89. Japan paraxylene market volume estimates and forecasts by application, 2015 - 2022 (Kilo Tons)
Table90. Japan paraxylene market revenue estimates by application, 2012 - 2014, (USD Million)
Table91. Japan paraxylene market revenue estimates and forecasts by application, 2015 - 2022 (USD Million)
Table92. MEA paraxylene market estimates, 2012 - 2014 (Kilo Tons) (USD Million)
Table93. MEA paraxylene market estimates and forecasts, 2015 - 2022 (Kilo Tons) (USD Million)
Table94. MEA paraxylene market volume estimates by application, 2012 - 2014 (Kilo Tons)
Table95. MEA paraxylene market volume estimates and forecasts by application, 2015 - 2022 (Kilo Tons)
Table96. MEA paraxylene market revenue estimates by application, 2012 - 2014, (USD Million)
Table97. MEA paraxylene market revenue estimates and forecasts by application, 2015 - 2022 (USD Million)
Table98. CSA paraxylene market estimates, 2012 - 2014 (Kilo Tons) (USD Million)
Table99. CSA paraxylene market estimates and forecasts, 2015 - 2022 (Kilo Tons) (USD Million)
Table100. CSA paraxylene market volume estimates by application, 2012 - 2014 (Kilo Tons)
Table101. CSA paraxylene market volume estimates and forecasts by application, 2015 - 2022 (Kilo Tons)
Table102. CSA paraxylene market revenue estimates by application, 2012 - 2014, (USD Million)
Table103. CSA paraxylene market revenue estimates and forecasts by application, 2015 - 2022 (USD Million)