Global Paraxylene Market by Application ( Purified Terephthalic Acid, Dimethyl Terephthalate, Others), by Geography - Analysis and Forecast to 2019

Paraxylene demand has continued to remain robust across all regions. This is mainly owing to the constantly rising demand for packaging and polyester fibers in developing countries and regions, such as China, India, North East Asia, Eastern Europe, and Africa. 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 prime 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 global paraxylene market is estimated to grow at a CAGR of 11.3% from 2014 to 2019. The drivers of the industry are identified as the rising demand from end-user industries, PET bottle demand, and increased PTA consumption in emerging economies. On the other hand, environmental concerns and a weak global supply chain may restrain the market growth in the coming years.

Asia-Pacific dominates the global paraxylene market, having accounted for a share of 83.0% of the global market in 2014, followed by the North American and European market segments. Asia-Pacific is expected to remain the largest contributor to the global paraxylene market in the coming years.

An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts, key opinion leaders such as CEOs, directors, and marketing executives. A detailed market share analysis of the major players in the global paraxylene market has been covered in this report.

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.

Table of Contents

1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders

2 Research Methodology (Page No. - 12)
    2.1 Integrated Ecosystem of Paraxylene Market
    2.2 Arriving At the Paraxylene Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
    2.3 Assumptions

3 Executive Summary (Page No. - 18)

4 Market Overview (Page No. - 20)
    4.1 Introduction
    4.2 Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics
    4.5 Demand Side Analysis

5 Global Paraxylene Market, By Application (Page No. - 28)
    5.1 Introduction
    5.2 PTA, By Geography
    5.3 DMT, By Geography
    5.4 Others, By Geography
    5.5 Sneak View: By Application

6 Global Paraxylene Market, By Geography (Page No. - 38)
    6.1 Introduction
    6.2 North America
           6.2.1 By Application
    6.3 Europe
           6.3.1 By Application
    6.4 Asia-Pacific
           6.4.1 By Application, 2013-2019 (USD MN)
    6.5 RoW
           6.5.1 By Application

7 Global Paraxylene Market: Competitive Landscape (Page No. - 50)
    7.1 Company Share Analysis
    7.2 Expansions
    7.3 Joint Ventures

8 Global Paraxylene Market, By Company (Page No. - 53)
    8.1 BP PLC
           8.1.1 Overview
           8.1.2 Key Financials
           8.1.3 Product and Service Offerings
           8.1.4 Related Developments
           8.1.5 MMM Analysis
    8.2 Exxon Mobil Corporation
           8.2.1 Overview
           8.2.2 Key Operations Data
           8.2.3 Key Financials
           8.2.4 Product and Service Offerings
           8.2.5 Related Developments
           8.2.6 MMM Analysis
    8.3 BASF SE
           8.3.1 Overview
           8.3.2 Key Financials
           8.3.3 Product and Service Offerings
           8.3.4 Related Developments
           8.3.5 MMM Analysis
    8.4 China National Petroleum Corportion
           8.4.1 Overview
           8.4.2 Key Operations Data
           8.4.3 Product and Service Offerings
           8.4.4 Related Developments
           8.4.5 MMM Analysis
    8.5 Sinopec Ltd.
           8.5.1 Overview
           8.5.2 Key Financials
           8.5.3 Product and Service Offerings
           8.5.4 Related Developments
           8.5.5 MMM Analysis
    8.6 Mitsubishi Gas Chemical Co. Inc.
           8.6.1 Overview
           8.6.2 Key Financials
           8.6.3 Product and Service Offerings
           8.6.4 MMM Analysis
    8.7 Reliance Industries Ltd.
           8.7.1 Overview
           8.7.2 Key Financials
           8.7.3 Product and Service Offerings
           8.7.4 Related Developments
           8.7.5 MMM Analysis
    8.8 Formosa Plastics Corp.
           8.8.1 Overview
           8.8.2 Key Financials
           8.8.3 Product and Service Offerings
           8.8.4 Related Developments
           8.8.5 MMM Analysis

9 Appendix (Page No. - 71)
    9.1 Customization Options
           9.1.1 Technical Analysis
           9.1.2 Low-Cost Sourcing Locations
           9.1.3 Regulatory Framework
           9.1.4 Impact Analysis
           9.1.5 Trade Analysis
           9.1.6 Historical Data and Trends
    9.2 Related Reports
    9.3 Introducing RT: Real Time Market Intelligence
           9.3.1 RT Snapshots

List of Tables (39 Tables)

Table 1 Global Paraxylene Peer Market Size, 2014 (USD MN)
Table 2 Global Paraxylene: Application Markets, 2013 (KT)
Table 3 Comparison With Parent Market, 2013–2019 (USD MN)
Table 4 Comparison With Parent Market, 2013–2019 (KT)
Table 5 Drivers and Inhibitors
Table 6 Global Paraxylene Market, By Application, 2013-2019 (USD MN)
Table 7 Global Paraxylene Market, By Application, 2013 - 2019 (KT)
Table 8 Global Paraxylene Market, By Geography, 2013-2019 (USD MN)
Table 9 Global Paraxylene Market, By Geography, 2013-2019 (KT)
Table 10 Comparison With Application Markets, 2013-2019 (USD MN)
Table 11 Global Paraxylene Market, By Application, 2013-2019 (USD MN)
Table 12 Global Paraxylene: Market, By Application, 2013-2019 (KT)
Table 13 Global Paraxylene Market in PTA, By Geography, 2013-2019 (USD MN)
Table 14 Global Paraxylene Market in PTA, By Geography, 2013-2019 (KT)
Table 15 Global Paraxylene Market in DMT, By Geography, 2013-2019 (USD MN)
Table 16 Global Paraxylene Market in DMT, By Geography, 2013-2019 (KT)
Table 17 Global Paraxylene Market in Others By Geography, 2013-2019 (USD MN)
Table 18 Global Paraxylene Market in Others, By Geography, 2013-2019 (KT)
Table 19 Global Paraxylene Market, By Geography, 2013-2019 (USD MN)
Table 20 Global Paraxylene Market, By Geography, 2013-2019 (KT)
Table 21 North America Paraxylene Market, By Application,  2013-2019 (USD MN)
Table 22 North America Paraxylene Market, By Application, 2013-2019 (KT)
Table 23 Europe Paraxylene Market, By Application, 2013-2019 (USD MN)
Table 24 Europe Paraxylene Market, By Application, 2013-2019 (KT)
Table 25 Asia-Pacific Paraxylene Market, By Application,  2013-2019 (USD MN)
Table 26 Asia-Pacific Paraxylene Market, By Application, 2013-2019 (KT)
Table 27 RoW Paraxylene Market, By Application,  2013-2019 (USD MN)
Table 28 RoW Paraxylene Market, By Application, 2013-2019 (KT)
Table 29 Paraxylene Market: Company Share Analysis, 2014 (%)
Table 30 Global Paraxylene Market: Expansions
Table 31 Global Paraxylene Market: Joint Ventures
Table 32 BP PLC.: Key Financials, 2009-2013 (USD MN)
Table 33 Exxon Mobil Corporation: Key Operations Data, 2009-2013 (USD MN)
Table 34 BASF SE: Key Financials, 2009-2013 (USD MN)
Table 35 China National Petroleum Corporation: Key Operations Data, 2010-2013 (USD MN)
Table 36 Sinopec Ltd.: Key Financials, 2011-2013 (USD MN)
Table 37 Mitsubishi Gas Chemical Co. Inc.: Key Financials, 2010-2014 (USD MN)
Table 38 Reliance Industries Ltd.: Key Financials, 2010-2014 (USD MN)
Table 39 Formosa Plastics Corp.: Key Financials, 2009-2013 (USD MN)

List of Figures (44 Figures)

Figure 1 Segmentation & Coverage
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Snapshot
Figure 8 GRoWth Aspects
Figure 9 Global Paraxylene Market, By Application, 2014 Vs 2019
Figure 10 Global Paraxylene Applications Market, By Geography,  2014 (USD MN)
Figure 11 Paraxylene: Application Market Scenario
Figure 12 Global Paraxylene Market, By Application,  2013-2019 (USD MN)
Figure 13 Global Paraxylene Market in PTA, By Geography, 2013-2019 (USD MN)
Figure 14 Global Paraxylene Market in DMT, By Geography, 2013–2019 (USD MN)
Figure 15 Global Paraxylene Market in Others, By Geography, 2013-2019 (USD MN)
Figure 16 Sneak View: Global Paraxylene Market
Figure 17 Global Paraxylene Market: GRoWth Analysis, By Geography, 2014-2019 (USD MN)
Figure 18 Global Paraxylene Market: GRoWth Analysis, By Geography, 2014-2019 (KT)
Figure 19 North America Paraxylene Market Overview, 2019 (%)
Figure 20 North America Paraxylene Market, By Application, 2013-2019 (USD MN)
Figure 21 North America Paraxylene Market: Application Snapshot
Figure 22 Europe Paraxylene Market Overview, 2019 (%)
Figure 23 Europe Paraxylene Market, By Application, 2013-2019 (USD MN)
Figure 24 Europe Paraxylene Market: Application Snapshot
Figure 25 Asia-Pacific Paraxylene Market Overview, 2019 (%)
Figure 26 Asia-Pacific Paraxylene Market: Application Snapshot
Figure 27 RoW Paraxylene Market Overview, 2019 (%)
Figure 28 RoW Paraxylene Market, By Application, 2013-2019 (USD MN)
Figure 29 RoW Paraxylene Market: Application Snapshot
Figure 30 Paraxylene Market: Company Share Analysis, 2014 (%)
Figure 31 BP PLC: Revenue Mix, 2013 (%)
Figure 32 Contribution of Paraxylene Towards Company Revenues, 2009-2013 (USD MN)
Figure 33 Exxon Mobil Corporation: Revenue Mix, 2013 (%)
Figure 34 Exxon Mobil Corporation: Company Revenues, 2009-2013 (USD MN)
Figure 35 BASF SE: Revenue Mix, 2013 (%)
Figure 36 BASF SE: Company Revenues, 2009-2013 (USD MN)
Figure 37 Sinopec Ltd.: Revenue Mix, 2014 (%)
Figure 38 Contribution of Paraxylene Towards Company Revenues, 2010-2014 (USD MN)
Figure 39 Mitsubishi Gas Chemical Co. Inc.: Revenue Mix, 2013 (%)
Figure 40 Mitsubishi Gas Chemical Co. Inc.: Revenues, 2010-2014 (USD MN)
Figure 41 Reliance Industries Ltd.: Revenue Mix, 2013 (%)
Figure 42 Reliance Industries Ltd.: Revenues, 2010-2014 (USD MN)
Figure 43 Formosa Plastics Corp.: Revenue Mix, 2013 (%)
Figure 44 Contribution of Styrene Butadiene Rubber Towards Company Revenues, 2009-2013 (USD MN)

Paraxylene (PX) is predominantly used as a basic raw material in the production of Terephthalic Acid (TPA), Purified Terephthalic Acid (PTA), and Dimethyl-Terephthalate (DMT). TPA, PTA, and DMT are used to manufacture Polyethylene Terephthalate (PET) saturated polyester polymers. These polyesters are further used to produce fibers, films, and plastic bottles. The PX market has seen strong growth in recent years, driven by the increasing PTA consumption in polyester manufacturing, especially in the developing economies in the world. The global demand for PX has been growing strongly and this is expected to continue. It is expected that the global consumption will grow at a CAGR of approximately 7% during the forecast period of 2014 to 2019.

Drivers of the industry are identified as the rising demand for PTA in emerging markets and the rising demand from end-user industries. The restraining factors for the global Para-xylene market have been identified as environmental concerns and weak supply chain of the industry, globally. The issues in the market are mainly pertaining to environmental impacts of Para-xylene. The industry players are following various strategies, such as joint ventures and capacity expansions, to address the huge demand generated by end-user industries and developing countries.

The global demand for Para-xylene was estimated at 38,882.0 KT in 2014 and is projected to be 54,193.9 KT by 2019, at a CAGR of 6.9% during the given period. The global Para-xylene market, in terms of value, is estimated to grow from $59,028.8 million in 2014 to $100,813.9 million by 2019, at a CAGR of 11.3% during the given forecast period.

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.