Global Paraxylene Market Set to Expand Remarkably, Reaching $ 78.6 Billion by 2032 Driven by Rising Plastics Demand and Sustainable Solutions [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
Industry, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. An expansion from US$ 49.7 billion in 2023 to an anticipated US$ 78.6 billion by 2032 is expected, with a compound annual growth rate (CAGR) of 5.22% over the nine-year period. This growth underscores the central role of paraxylene in an array of industrial applications, primarily driven by the escalating global demand for plastics. Applications and End-Use Industries Propelling Market Forward Major end-use applications such as purified terephthalic acid (PTA) and dimethyl terephthalate (DMT) are contributing to the market expansion. The versatility of paraxylene is further exemplified by its utility in producing everyday objects ranging from PET bottles for beverages to everyday household products, as well as textiles including clothing and upholstery. This surge in utilization is facilitated by the material's core properties, catering to a wide spectrum of industrial requirements. In
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- 5/13/24 - Form PX14A6G
- XOM's page on the SEC website