Asia Pacific Paraxylene Market Overview
The Asia Pacific Paraxylene market is expected to grow at a CAGR of XXXX% during the forecast
period 2019-2024. This growth can be attributed to increasing demand from the petrochemical,
plastics, and construction industries. The Asia Pacific Paraxylene market has been segmented based
on region and product type. The regional segmentation includes North America, Europe, Asia Pacific
excluding Japan and Japan. The product type segmentation includes ultra-low density (ULD)
paraxylene, high-density (HD) paraxylene and medium density (MD) paraxylene.
This report segments the Asia Pacific Paraxylene market based on end user. End users include
petrochemicals, plastics, and construction industries. On the basis of product type, this report
segments the market into ultra-low density (ULD), high-density (HD) and medium density (MD)
paraxylenes. Ultra-low density paraxylene is projected to be the major beneficiaries from growth in
the Asia Pacific Paraxylene market due to its lower production costs as well as higher performance
levels vis-à-vis other product types. High-density paraxylene is anticipated to witness growth in
demand from lower-ranking industrial applications such as paints & coatings, adhesives & sealants
etc., owing to its enhanced properties such as the resistance against thermal degradation & water
absorption etcetera.
Asia Pacific Paraxylene Market Industry Chain
The Asia Pacific paraxylene (PX) market is projected to grow at a CAGR of XXXX% during the forecast
period 2017-2022. The growth is attributed to increasing demand from various industries, such as
automotive, aerospace, and electronics.
Various countries in the Asia Pacific region are expected to account for the largest share in the
market during the forecast period 2017-2022. China is expected to be the dominant country in this
region owing to its high economic growth rate and increasing demand from various industrial
sectors. However, Japan is also expected to witness significant growth due to its favourable
environment and increasing adoption of advanced technology across various industries.
Asia Pacific Paraxylene Market Size
Asia Pacific Paraxylene (APPX) market has been witnessing a significant growth owing to increasing
demand from the vinyl acetate and polypropylene industries. The region is projected to grow at a
CAGR of XXXX% during the forecast period 2017-2021. Some major players in the APPX market are
BASF SE, Chevron Phillips Chemical Co., Ltd., Dow Chemical Company, Exxon Mobil Corporation, and
INEOS Plc.
This report provides an overview of the Asia Pacific Paraxylene (APPX) market with analysis on key
trends, drivers, challenges, opportunities, and prospects. The report also covers the competitive
landscape including major players in the APPX market along with their key strategies and product
offerings.
Demand Volume and Revenue Forecast by Regions and Types
The Paraxylene market in Asia Pacific is expected to grow at a CAGR of XXXX% from 2016 to 2021,
according to a new report by Grand View Research, Inc. This growth can be attributed to the
increasing demand for paraxylene in the automotive and other end-user industries.
Asia Pacific is the largest market for APX, accounting for more than two-thirds of global sales in
2015.
The region is expected to account for most of the industry’s overall growth over the next five
years. China is projected to be the leading market in this region, followed by Japan and India.
Paraxylene has been discovered by applications in a wide range of industrial sectors, including
aerospace & defence, chemicals & plastics, coatings & plastics, automotive & transportation,
construction materials & equipment, electronics & appliances, food & beverage, general
manufacturing industry etc. The growing use of paraxylene across various industries is expected to
drive growth in the APX market over the next five years.
Supply Volume Forecast by Regions and Types
The Asia Pacific paraxylene (PX) market is expected to grow at a CAGR of XXXX% during the forecast
period 2016-2021. This growth may be attributed to growing demand from the oil & gas industry
and other industrial applications, owing to the high ecological compliance prices and lower
manufacturing costs of PX.
This report segments the Asia Pacific paraxylene (PX) market into five regions – China, Japan, South
Korea, India and Australia – based on their geographical distribution and major players. The regional
analysis includes an assessment of market size and share, key trends, drivers and restraints,
opportunities, and challenges.
China is expected to be the largest market for PX in Asia Pacific accounting for more than XXXX% of
the total market volume in 2021. This growth can be attributed to increasing industrialization
coupled with stringent environmental regulations that are favouring the use of PX in various
applications such as automotive components, paints and coatings, electronics packaging etc.
Japan is also expected to grow at a robust pace due to increasing aging population and increasing
investment in infrastructure development across various industries such as automobiles and
chemicals. Further factors contributing to this growth are rising awareness regarding sustainability
issues concerning products made with PX among consumers, increase in R&D activities by major
players in this region, etc.
SWOT Analysis of the Asia Pacific Paraxylene Market
The Asia Pacific Paraxylene market is estimated to be worth USD XXXX billion by 2024, growing at a
CAGR of XXXX%. The major drivers for the growth of the Asia Pacific Paraxylene market are
increasing demand from the emerging economies and increasing production in developed regions
such as China and Japan.
The key countries in the Asia Pacific Paraxylene market are China, Japan, South Korea, and India. The
China market is expected to be the largest in terms of value and volume during the forecast period.
The reasons for this are that China has been a leading producer and consumer of paraxylene for
decades and its economy is continuing to grow quickly. In addition, the country has been investing
heavily in new oil refineries to process crude oil into products such as gasoline and diesel, which is
resulting in an increase in demand for paraxylene.
The Japanese market is also projected to grow rapidly over the forecast period due to increased
production of polypropylene (PP) from petrochemical plants. This is due to increased consumption
of PP products in automotive and electronics sectors. Furthermore, new plant projects are underway
that will increase PP production even further. South Korea is also seeing strong growth due to
increasing production of HDPE plastics which use a significant amount of paraxylene as an input
material.
