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Newsline-National | March 2019

Paraxylene market to expand by 7%

The global paraxylene market features an increasingly fragmented landscape on account of the leading companies accounting for a scant market share, finds Transparency Market Research (TMR). The top three players—BP plc., S-Oil Corporation, and Reliance Industries Limited, held a share of just 12 per cent in the global market in 2015. TMR notes that a large part, estimated at around 85 per cent, of the global production of paraxylene is contributed by small firms and subsidiaries of large chemical manufacturers. A growing number of manufacturers are focusing on forward integration.

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