Paraxylene Market Size To Reach $159.80 Billion by 2030

Paraxylene Market Growth & Trends

The global paraxylene market size is expected to reach USD 159.80 billion by 2030, registering a CAGR of 11.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. Rising demand for fiber and polyester resin from numerous end-use industries is projected to propel product demand over the coming years.

Rapid growth in demand for polyester fabric is acting as a major market driver. Surging demand for purified terephthalic acid (PTA) in the polyester production process is projected to provide fillip to the paraxylene market. Lower polyester manufacturing cost for Dimethyl terephthalate (DMT) and terephthalic acid and higher conversion efficiency of Purified Terephthalic Acid (PTA) have attracted polymer industry players to expand their terephthalic acid product portfolio.

The overall industry is facing oversupply, which is pushing manufacturers towards reducing product prices and output. A sudden drop in the total import of PTA from China has adversely affected the global market. Oversupply of PET in the past few years has now forced terephthalic acid manufacturers to lower the capacity utilization rate in the recent past.

PTA production capacity has expanded faster than the demand, affecting the global utilization rate. A sudden decrease in Chinese PTA import on account of increased in-house production has drastically affected PTA manufacturers located in the Asia Pacific. Asia Pacific emerged as the largest region for the global paraxylene market with a share of more than 79% in 2014. The availability of low-cost labor and raw material along with the presence of end-use industries is projected to drive the regional market at the fastest CAGR over the next few years.

 Request a free sample copy or view report summary: Paraxylene Market Report

Paraxylene Market Report Highlights

• The purified terephthalic acid (PTA) segment dominated the global paraxylene industry and accounted for the largest revenue share of 97.8% in 2024.

• Dimethyl terephthalate (DMT) application segment is expected to grow at a CAGR of 5.0% from 2025 to 2030, owing to its role in the creation of polyester films, crucial for packaging and electronics.

• Asia Pacific paraxylene market dominated the global market and accounted for the largest revenue share of 83.7% in 2024, primarily driven by the robust demand for polyethylene terephthalate from the plastics industry.

• The North America paraxylene market is expected to grow at a CAGR of 10.2% over the forecast period, owing to the demand for PET in packaging and the automotive sector.

Paraxylene Market Segmentation

Grand View Research has segmented the global paraxylene market report based on application, and region:

Paraxylene Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Dimethyl Terephthalate (DMT)&

• Purified Terephthalic acid (PTA)

• Others

Paraxylene Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

• Europe

  • Germany

  • France

  • UK

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

• Middle East and Africa

List of Key Players of Paraxylene Market

• Sinopec

• JX Nippon Oil & Energy Corp

• CNPC

• Reliance

• NPC Iran

• GS Caltex

• ONGC

• Orpic, Oman Oil Refineries and Petroleum Industries Company

• Jurong Aromatics Corp

• China National Offshore Oil Corporation (CNOOC)

• Lotte KP Chemical

• ExxonMobil

• Saudi Aramco

• Dalian Fujia Dahua

• Idemitsu Kosan Co.Ltd.

• Toyo

• Teijin Fibers