Paraxylene Market - Detailed Analysis and Forecast by 2024
Paraxylene is an aromatic hydrocarbon, which is used as feedstock to manufacture industrial chemicals, notably purified terephthalic acid (PTA) and dimethyl terephthalate (DMT). PTA and DMT are further employed in the manufacture of polyethylene terephthalate (PET) polyester. PET is used to produce bottles, which are widely used as containers for soda, water, and other beverages due to the superior physical attributes of PET. PET is shatter resistant, strong, and light in weight.
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