Paraxylene Market Growth Predominantly Driven by the Textile Industry
Paraxylene, also known as P-Xylene, an aromatic hydrocarbon, and an isomer of xylene compound, is derived from dimethylbenzene. Paraxylene is used in the production of terephthalic acid, purified terephthalic acid, and dimethyl terephthalate that is majorly used in the production of polyethylene terephthalate. Paraxylene finds an extensive application in major end-user industries such as textile and packaging for food, beverages, and personal care products which, in turn, drives its market growth. Over the past few years, the global Paraxylene market is growing rapidly due to the burgeoning textile industry worldwide. Moreover, the growing packaging industry across the globe is escalating the market on the global platform. Acknowledging the colossal growth, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global paraxylene market growth is expected to increase by a substantial revenue growth by ...