Product Code: 978-1-68038-693-6
Paraxylene Market Growth & Trends:
The global paraxylene market size is expected to reach USD 159.80 billion by 2030, registering a CAGR of 11.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. Rising demand for fiber and polyester resin from numerous end-use industries is projected to propel product demand over the coming years.
Rapid growth in demand for polyester fabric is acting as a major market driver. Surging demand for purified terephthalic acid (PTA) in the polyester production process is projected to provide fillip to the paraxylene market. Lower polyester manufacturing cost for Dimethyl terephthalate (DMT) and terephthalic acid and higher conversion efficiency of Purified Terephthalic Acid (PTA) have attracted polymer industry players to expand their terephthalic acid product portfolio.
The overall industry is facing oversupply, which is pushing manufacturers towards reducing product prices and output. A sudden drop in the total import of PTA from China has adversely affected the global market. Oversupply of PET in the past few years has now forced terephthalic acid manufacturers to lower the capacity utilization rate in the recent past.
PTA production capacity has expanded faster than the demand, affecting the global utilization rate. A sudden decrease in Chinese PTA import on account of increased in-house production has drastically affected PTA manufacturers located in the Asia Pacific. Asia Pacific emerged as the largest region for the global paraxylene market with a share of more than 79% in 2014. The availability of low-cost labor and raw material along with the presence of end-use industries is projected to drive the regional market at the fastest CAGR over the next few years.
Paraxylene Market Report Highlights:
- The purified terephthalic acid (PTA) segment dominated the global paraxylene industry and accounted for the largest revenue share of 97.8% in 2024.
- Dimethyl terephthalate (DMT) application segment is expected to grow at a CAGR of 5.0% from 2025 to 2030, owing to its role in the creation of polyester films, crucial for packaging and electronics.
- Asia Pacific paraxylene market dominated the global market and accounted for the largest revenue share of 83.7% in 2024, primarily driven by the robust demand for polyethylene terephthalate from the plastics industry.
- The North America paraxylene market is expected to grow at a CAGR of 10.2% over the forecast period, owing to the demand for PET in packaging and the automotive sector.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Paraxylene Market Variables, Trends & Scope
- 3.1. Global Paraxylene Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.3.1. Policies and Incentive Plans
- 3.3.2. Standards and Compliances
- 3.3.3. Regulatory Impact Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Supplier Power
- 3.5.2. Buyer Power
- 3.5.3. Substitution Threat
- 3.5.4. Threat from New Entrant
- 3.5.5. Competitive Rivalry
- 3.6. PESTEL Analysis
- 3.6.1. Political Landscape
- 3.6.2. Economic Landscape
- 3.6.3. Social Landscape
- 3.6.4. Technological Landscape
- 3.6.5. Environmental Landscape
- 3.6.6. Legal Landscape
Chapter 4. Paraxylene Market: Application Outlook Estimates & Forecasts
- 4.1. Paraxylene Market: Application Movement Analysis, 2024 & 2030
- 4.1.1. Dimethyl Terephthalate (DMT)
- 4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 4.1.2. Purified Terephthalic acid (PTA)
- 4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 4.1.3. Others
- 4.1.3.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Paraxylene Market Regional Outlook Estimates & Forecasts
- 5.1. Regional Snapshot
- 5.2. Paraxylene Market: Regional Movement Analysis, 2024 & 2030
- 5.3. North America
- 5.3.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.2. Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.3. U.S.
- 5.3.3.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.3.2. Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Europe
- 5.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.2. Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.3. Germany
- 5.4.3.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.3.2. Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.4. France
- 5.4.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.4.2. Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.5. UK
- 5.4.5.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.5.2. Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Asia Pacific
- 5.5.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.2. Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.3. China
- 5.5.3.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.3.2. Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.4. India
- 5.5.4.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.4.2. Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.5. Japan
- 5.5.5.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.5.2. Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Latin America
- 5.6.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.6.2. Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 5.7. Middle East & Africa
- 5.7.1. Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.7.2. Market Estimates and Forecast, By Application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Vendor Landscape
- 6.2.1. Company Categorization
- 6.2.2. List of Key Distributors and Channel Partners
- 6.2.3. List of Potential Customers/End Users
- 6.3. Competitive Dynamics
- 6.3.1. Competitive Benchmarking
- 6.3.2. Strategy Mapping
- 6.3.3. Heat Map Analysis
- 6.4. Company Profiles/Listing
- 6.4.1. Sinopec
- 6.4.1.1. Participant's Overview
- 6.4.1.2. Financial Performance
- 6.4.1.3. Product Benchmarking
- 6.4.1.4. Strategic Initiatives
- 6.4.2. JX Nippon Oil & Energy Corp
- 6.4.2.1. Participant's Overview
- 6.4.2.2. Financial Performance
- 6.4.2.3. Product Benchmarking
- 6.4.2.4. Strategic Initiatives
- 6.4.3. CNPC
- 6.4.3.1. Participant's Overview
- 6.4.3.2. Financial Performance
- 6.4.3.3. Product Benchmarking
- 6.4.3.4. Strategic Initiatives
- 6.4.4. Reliance
- 6.4.4.1. Participant's Overview
- 6.4.4.2. Financial Performance
- 6.4.4.3. Product Benchmarking
- 6.4.4.4. Strategic Initiatives
- 6.4.5. NPC Iran
- 6.4.5.1. Participant's Overview
- 6.4.5.2. Financial Performance
- 6.4.5.3. Product Benchmarking
- 6.4.5.4. Strategic Initiatives
- 6.4.6. GS Caltex
- 6.4.6.1. Participant's Overview
- 6.4.6.2. Financial Performance
- 6.4.6.3. Product Benchmarking
- 6.4.6.4. Strategic Initiatives
- 6.4.7. ONGC
- 6.4.7.1. Participant's Overview
- 6.4.7.2. Financial Performance
- 6.4.7.3. Product Benchmarking
- 6.4.7.4. Strategic Initiatives
- 6.4.8. Orpic, Oman Oil Refineries and Petroleum Industries Company
- 6.4.8.1. Participant's Overview
- 6.4.8.2. Financial Performance
- 6.4.8.3. Product Benchmarking
- 6.4.8.4. Strategic Initiatives
- 6.4.9. Jurong Aromatics Corp
- 6.4.9.1. Participant's Overview
- 6.4.9.2. Financial Performance
- 6.4.9.3. Product Benchmarking
- 6.4.9.4. Strategic Initiatives
- 6.4.10. China National Offshore Oil Corporation (CNOOC)
- 6.4.10.1. Participant's Overview
- 6.4.10.2. Financial Performance
- 6.4.10.3. Product Benchmarking
- 6.4.10.4. Strategic Initiatives
- 6.4.11. Lotte KP Chemical
- 6.4.11.1. Participant's Overview
- 6.4.11.2. Financial Performance
- 6.4.11.3. Product Benchmarking
- 6.4.11.4. Strategic Initiatives
- 6.4.12. ExxonMobil
- 6.4.12.1. Participant's Overview
- 6.4.12.2. Financial Performance
- 6.4.12.3. Product Benchmarking
- 6.4.12.4. Strategic Initiatives
- 6.4.13. Saudi Aramco
- 6.4.13.1. Participant's Overview
- 6.4.13.2. Financial Performance
- 6.4.13.3. Product Benchmarking
- 6.4.13.4. Strategic Initiatives
- 6.4.14. Dalian Fujia Dahua
- 6.4.14.1. Participant's Overview
- 6.4.14.2. Financial Performance
- 6.4.14.3. Product Benchmarking
- 6.4.14.4. Strategic Initiatives
- 6.4.15. Idemitsu Kosan Co.Ltd.
- 6.4.15.1. Participant's Overview
- 6.4.15.2. Financial Performance
- 6.4.15.3. Product Benchmarking
- 6.4.15.4. Strategic Initiatives
- 6.4.16. Toyo
- 6.4.16.1. Participant's Overview
- 6.4.16.2. Financial Performance
- 6.4.16.3. Product Benchmarking
- 6.4.16.4. Strategic Initiatives
- 6.4.17. Teijin Fibers
- 6.4.17.1. Participant's Overview
- 6.4.17.2. Financial Performance
- 6.4.17.3. Product Benchmarking
- 6.4.17.4. Strategic Initiatives