Paraxylene Market: Usage in Production of Purified Terephthalic Acid (PTA) to Boost Market, Says TMR
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....
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