Paraxylene Market - Global Industry Analysis, Size, Forecast 2024
The top three vendors of paraxylene, namely Reliance Industries Limited, S-Oil Corporation, and BP plc., collectively accounted for a meagre 12% of the global paraxylene market in 2015. Nearly 85% of the production in the global paraxylene industry is credited to a vast number of small firms or subsidiaries of larger chemical companies, making the market highly fragmented. Companies are focusing on export as a key tool for geographical expansion in existing as well as unexplored markets in Asia Pacific. Forward integration by key manufacturers across the value chain is likely to be a prominent feature of the global paraxylene market in the coming years. Browse Market Research Report @ http://www.transparencymarketresearch.com/paraxylene-market.html Transparency Market Research states that the global paraxylene market, which held a value of more than US$33 bn in 2015, is expected to exhibit a healthy 7.0% CAGR from 2016 through 2024. If the prediction holds true, the ...
