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  Para-Xylene Market — Market Overview Xylene is a clear, colorless and flammable solution which is produced from crude oil. Xylene primarily exists in three isomeric forms such as ortho-xylene, meta-xylene and para-xylene. Para xylene or PX or P-xylene is basically an aromatic hydrocarbon compound, which is colorless, sweet-smelling, toxic, and highly flammable chemical. Para-xylene is extensively used for the production of dimethyl terephthalate (DMT) and terephthalic acid (PTA) which are further used in the manufacturing of polyesters. Moreover, para-xylene is primarily used in the production of polyethylene terephthalate (PET) which is primarily used as a packaging materials for carbonated drinks, water bottles, and other containers for food, beverages and personal care products. According to the analysis of MRFR, the major market forces and trends driving growth of the global  Para-Xylene Market  includes increasing demand for various applications such as packaging, textile and co

  Paraxylene Market Size Overview The global market was valued at $ 36.1 billion in 2016, and it is predicted to grow at a CAGR of 6% over the forecast period, reaching $ 68 billion. PX stands for paraxylene, which is an automated hydrocarbon compound made from benzene. Paraxylene is a hazardous chemical that is colourless, sweet-smelling, and highly combustible. Natural sources of xylene include petroleum and coal tar. Paraxylene has a wide range of applications in large-scale manufacturing, and it is one of the most difficult processes to produce. One of the key driving forces in the paraxylene industry is demand from polyester manufacturers. Dimethyl Terephthalate and refined terephthalic acid are two of the most common products made from paraxylene. These products are also utilized in the production of polyester. Polyester is utilized in a wide variety of applications, including fibres, films, PET resin, and other plastics. Due to its use in construction materials, packaging, and t