The global paraxylene (PX) market is expected to reach USD 66.93 billion by 2022, according to a new report by Grand View Research, Inc. Increasing polyester resin and fiber demand from various end-use industries is expected to drive global paraxylene market over the forecast period. Increasing demand for purified terephthalic acid (PTA) in polyester production particularly in Asia Pacific has triggered paraxylene demand in the recent past and this trend is likely to continue over the next seven years. Higher conversion efficiency along with lower polyester production cost for PTA over DMT has increased PTA demand exponentially over past few years.
http://www.grandviewresearch.com/industry-analysis/paraxylene-market
No comments:
Post a Comment