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News  ›  GlobeNewswire Inc.

Paraxylene Market is expected to generate a revenue of USD 78.18 Billion by 2032, Globally, at 7% CAGR: Verified Market Research®

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Verified Market Research®
Paraxylene Market is expected to generate a revenue of USD 78.18 Billion by 2032, Globally, at 7% CAGR: Verified Market Research®

The global paraxylene market is projected to grow at a 7% CAGR from 2026 to 2032, reaching USD 78.18 billion by 2032, up from USD 45.5 billion in 2024. Growth is driven by increasing demand for PET-based packaging, polyester textiles, and sustainable materials, though the market faces headwinds from crude oil price volatility, stringent environmental regulations, and competition from bio-based alternatives.

Insights
BP   neutral

Identified as a key market player, but exposed to crude oil price volatility which directly impacts paraxylene production costs and profitability.