North America Para-xylenes Market
- Report Code: PA 1001
- Publish Date: Upcoming
Para Xylene (Paraxylene) is a widely used aromatic hydrocarbon isomer of xylene produced by catalyst for various commercial applications, most notably for the plastics industry. The North America Para Xylene Market has around 12.3% of market share value in 2013, and is projected to reach 19.2% by 2018, growing at a CAGR of 10.8%. North America Para Xylene market has grown considerably during the past few years and is expected to grow at a more rapid pace in the next five years, currently more than half of the total global consumed in manufacturing of purified terephthalic acid which used in pharmaceutical industry. U.S. is the largest consumer of Para Xylene in North America, consuming about almost 7.8% of the total global demand in 2013.
Para Xylene is isomer of xylene with two methyl group bonded to adjacent carbon atoms to each other. Para Xylene is manufactured by crystallization and adsorption processes. It is basically used in the manufacturing of terepthalic acid (TPA), purified terepthalic acid (PTA) and dimethyl-terephthalate (DMT) which are ultimately used to manufacture polyethylene terephthalate (PET) saturated polyester polymers. Polyesters are used to produce fibre and films PET bottles are widely used for water because of its non-breakage properties as well as carbonated beverages because of good carbon dioxide barrier properties. In addition, they are light-weight, shatter-resistant and possess high tensile strength. Lots of new processes are being developed to produce Para Xylene.
North America is a diversified market for chemicals due to presence of numerous giants in the region. The North America Para Xylene market has undergone various recent expansions to expand its export market and various chemical companies profited from the shale gas boom with a decrease in the cost of raw materials and energy. Also new investments in the U.S. and Canada region due to the shale gas discoveries are expected to strengthen the economy of region. This is mainly due to U.S.’s hefty investment in new manufacturing projects which include energy, chemicals, automotive, etc. Due to emergence of shale gas, lighter feedstock is available to chemical and petrochemical industries in North America; the region is expected to be favoured for olefin assets in the near prospect. U.S. is the major consumer of Para xylene in North America, accounting for almost 63.5% of the total consumption. Subsequent to U.S. are Mexico and Canada. The chemical industry in U.S contributes to 19.0% of the total chemical output globally. The U.S. chemical industry experienced major growth after the shale gas boom and picked up pace due to the availability of cheap raw material.
The key countries covered in North America Para Xylene Market are U.S., Mexico and Canada. The various applications studied include Solvents, Chemical intermediate, Pharmaceutical and Others. Further, as a part of qualitative analysis, the North America Para Xylene Market research report provides a comprehensive review of the important drivers, restraints, opportunities, and burning issues in the xylene market.
The North America Para Xylene Market report also provides an extensive competitive landscape of the companies operating in this market. It also includes the company profiles of and competitive strategies adopted by various market players, including Chevron Phillips Chemical (U.S.), Tesoro (San Antonio), The Dow Chemical Company (U.S), Gevo (Englewood) and others.
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Europe Xylenes The European xylenes market had been valued at $2.7 billion in 2013, and is expected to grow at 6.3% annually, to reach $3.6 billion by 2018. This market is segmented on the basis of applications and countries in the European region. |
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North America Xylenes The North America Xylenes market had been valued at $7.2 billion in 2013. and the North America Xylenes market is expected to grow at 9.0% annually, to reach $11.1 billion by 2018. The North America Xylenes market is segmented in terms of applications and countries in the North American region. |
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Asia-Pacific Xylenes The Asia-Pacific xylenes market in the region had been valued at $48.6 billion in 2013, and the Asia-Pacific xylenes market is expected to grow at 11.4% annually, and to reach $83.2 billion by 2018. The Asia-Pacific xylenes market is segmented in terms of applications and countries in the region. |
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Rest of World Mixed Xylenes Xylenes-Rest of World and Ortho-xylenes, Meta-xylenes and |
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