PX or P-xylene, another name for paraxylene Market is an aromatic hydrocarbon chemical produced primarily from benzene. At room temperature, xylene is a colorless, toxic, sweet-smelling, highly flammable chemical. It occurs naturally in coal tar and petroleum. An isomer of xylene material produced from benzene is known as paraxylene or P-xylene.
O-xylene and M-xylene are the other two isomers of xylene. Parylene’s biggest use, commonly known as xylene, is the industrial production of terephthalic acid for polyester. Paraxylene, one of the most difficult compounds to produce, requires a simple crystallization of xylene followed by a sophisticated purification process due to the development of eutectic mixtures.
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It is produced by catalytically reforming naphtha, a petroleum derivative, and separating ethylbenzene, o-xylene, and m-xylene in the order of adsorption or crystallization, distillation, and reaction. Among xylene isomers, paraxylene has the highest melting point.
The global paraxylene market can be roughly divided into three categories based on end-user applications: dimethyl terephthalate (DMT), pure terephthalic acid (PTA), and dibutyl phthalate xylene (Di-PX). PTA accounted for the largest share of the paraxylene market in 2013 due to its expanding use in polyester chains. On the other hand, DMT showed the fastest growth in 2013.
The growing use of paraxylene in numerous additional non-traditional applications such as PET has widened the supply-demand gap in the paraxylene market in recent years.
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Some of the major companies operating in the global paraxylene (Px) market include British Petroleum (BP).
- JX Nippon Oil & Energy
• Pemex
• BASF
• Braskem
• Chevron Phillips Chemical
• Dragon Aromatics
• ExxonMobil
• Fujian Refinin & Petrochemical
• Kuwait Paraxylene Production
• Reliance Industries
• Toray Industries
Asia Pacific is the largest market for Paraxylene followed by Europe and North America. Asia Pacific and RoW (including Latin America, the Middle East, and Africa) are two of the fasted-growing Paraxylene markets, which witnessed an above-average growth in recent years. Country wise , China, the U.S., and India are some of the largest regional markets for paraxylene. China held the largest market share in 2013 in terms of regional consumption of paraxylene. The size of the peracetic acid market is relatively low in the RoW region. However, it is expected to witness healthy growth throughout the forecasted period, especially in petroleum-rich countries of the Middle East.
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