Paraxylene Market - Forecast(2021 - 2026)
Paraxylene is an isomer of xylene and derivative of benzene and is an aromatic hydrocarbon. Paraxylene is manufactured through a complex process in which catalytic reforming of naphtha to BTX, is carried out in the first stage. Fractional crystallization of xylene then leads to the formation of paraxylene. Globally, development of textile industry around the globe, rise in the demand of Polyethylene Terephthalate (PET) bottles due to growing packaging industry, and increasing requirement of polyester fibre are the prime growth drivers of paraxylene market . In addition, increase in adoption of paraxylene for newer applications, and emerging economies such as China, India and others, will create new opportunities for paraxylene market. However, higher cost of production and complex manufacturing process, stringent government regulations, and volatile prices and supply of crude oil are the key restraints for paraxylene market. Request Sample This report identifies the global paraxylene m...