Paraxylene Market 2020 By Growth Factors, Applications, Regional Analysis, Key Players
Paraxylene Market Overview Paraxylene is a colorless hydrocarbon of the aromatic series obtained by the distillation of camphor with zinc chloride. The product finds application in terephthalic acid (TPA), purified terephthalic acid (PTA), and dimethyl terephthalate (DMT). Paraxylene is widely used as a raw material for the production of purified terephthalic acid due to surging demand from the textile and packaging industry. PTA is increasingly used for the production of fiber, polyesters, and polyethylene terephthalate (PET). DMT is largely used for the manufacturing of engineering polymers. Growing demand for the product from apparel and textile industry as a result of rising aspiration based purchasing coupled with growing disposable income of the consumers is propelling the market growth. Paraxylene consumption is increasing from the household sector for the curtains and upholstery for decoration purpose. Rapidly expanding packaging industry with rising demand for the packaged