LONDON, April 21, 2015 /PRNewswire/ -- The global
paraxylene market, in terms of value, is estimated to grow at a
CAGR of 11.3% from 2014 to 2019. Asia-Pacific held the largest share 83.0% of
the global paraxylene market in 2014, followed by the North
American segment, which is expected to grow at a CAGR of 9.3%
during the forecast period of 2014 to 2019.
In this report, the global paraxylene market has been broadly
classified on the basis of application and geography. The
application segment is classified into purified terephthalic acid,
and dimethyl terephthalate, among others. Based on geography, the
global paraxylene market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
In terms of value, Asia-Pacific
is the fastest-growing segment in the global market, estimated to
grow at a CAGR of 11.7% during the given forecast period. Factors
such as the increasing demand from end-user industries are fuelling
the growth of the paraxylene market in the Asia-Pacific region. The growth in demand for
paraxylene is expected to be mainly driven by the purified
terephthalic acid industry in the coming years.
The global paraxylene market is a highly competitive market with
a number of market players. As of 2014, the global paraxylene
market is majorly dominated by Exxon Mobil Corp., followed by BP
plc and Sinopec Ltd. Partnerships, agreements, collaborations, and
joint ventures are among the major strategies adopted by the
leading market players to achieve significant growth in the
paraxylene market.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on
various levels of analysis—industry analysis (industry trends and
PEST analysis), market share analysis of top players, supply chain
analysis, and company profiles, which together provide basic views
on the competitive landscape; emerging and high-growth segments of
the market; high-growth regions and countries, and their respective
regulatory policies; government initiatives; and market drivers,
restraints, and opportunities.
The report will enrich both the established firms as well as new
entrants/smaller firms to gauge the pulse of the market, which in
turn will help the firms to garner a greater share in the global
market. Firms that purchase the report could use any one or a
combination of five strategies that include market penetration,
product development/innovation, market development, market
diversification, and competitive assessment to strengthen their
market share.
The report provides insights on the following
pointers:
- Market Penetration: Comprehensive information on paraxylene
offered by top players in the global market
- Product Development/Innovation: Detailed insights on upcoming
technologies, research & development activities, and mergers in
the paraxylene market
- Market Development: Comprehensive information of lucrative
emerging markets. The report analyzes the markets for various
paraxylene applications, across regions
- Market Diversification: Exhaustive information of new
applications, untapped geographies, recent developments, and
investments in the paraxylene market
- Competitive Assessment: In-depth assessment of market shares,
strategies, products, and manufacturing capabilities of the leading
players in the paraxylene market
Download the full report:
https://www.reportbuyer.com/product/2841840/
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that
provides all market research reports from top publishers
http://www.reportbuyer.com
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com
Tel: +44 208 816 85 48
Website: www.reportbuyer.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/global-paraxylene-market-by-application-by-geography---analysis-and-forecast-to-2019-300069363.html
SOURCE ReportBuyer