Global P-xylene consumption Market is segmented based on end user application, and region. P-xylene Consumption Market is expected to grow gradually at significant CAGR over the forecast period as the scope and its application are rising enormously across the globe.
P-xylene is also called as PX or Para-xylene. Chemically, P-xylene is referred to as an aromatic hydrocarbon based on benzene with two methyl substituents. Its chemical formula is C8H10 or C6H4(CH3)2. P-xylene is a colorless watery liquid with a sweet odor, and is less dense than water. Also, flammable liquid usually insoluble in water and can be freeze at 56°F. In P-xylene, p stands for para, that helps to identify the two-methyl groups in p-xylene.
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P-xylene (PX) is manufactured by catalytic restructuring of petroleum naphtha as portion of the BTX aromatics (toluene, benzene, and the xylene isomers) mined from the catalytic reformate. The m-xylene, o-xylene, and ethylbenzene are the reaction processes used to separate p-xylene using series of adsorption, distillation or crystallization. Due to formation of eutectic mixtures, simple crystallization does not allow easy purification.
Bio-based p-xylene is widely used in bioplastics PET bottles (Bio-PET) and additional bioplastics applications such as cooking utensils is creating new chances for the P-xylene consumption market. P-xylene consumption Market is classified, by end user application into Purified Terephthalic Acid (PTA), Dimethyl Terephthalate (DMT), DibutylPhathalate Xylene (Di-PX), and others.
Purified Terephthalic Acid (PTA) segment held the largest share of the P-xylene Consumption Market and is estimated to remain dominant over the forecast period. This is mainly due to increased demand in the polyester production. On the other hand, Dimethyl Terephthalate (DMT) segment is expected to grow at fastest pace over the forecast period. P-xylene Consumption Market is segmented, geographically into North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, Asia Pacific region held the largest share of the P-xylene Consumption Market and is expected to remain dominant over the forecast period. Followed by Europe and North America. In terms of regional consumption, China and India are the largest regional market for p-xylene, where China accounted for the largest market share.On the other hand, petroleum rich countries of the Middle East are expected to grow at fastest pace over the forecast period.
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P-xylene Consumption Industry key players are Zhenhai Refining and Chemical, Nippon Petroleum Refining, Yangzi Petrochemical, Polimeri Europa, Liaoyang Petrochemical, Formosa Chemicals and Fibre Corp, Dalian FujiaDahua Petrochemical, Reliance Industries, Fujian Refining & Petrochemical, Samsung Total Petrochemicals, SK Energy, Trans-Pacific Petrochemical Indotama PT, PTT Aromatics and Refining, Sinopec Jinling Petrochemical, KP Chemical,Kuwait Paraxylene Production, Esso Thailand Public, and Flint Hills Resources LP.