World Analysis - Paraxylene and Terephthalates
IHS Chemical World Analysis - Paraxylene & Terephthalates is an annual study that covers historical trends and forecasts for paraxylene & terephthalates supply/demand fundamentals over a 16-year period (five-year history, base year, ten-year forecast). Clients receive detailed data on paraxylene & terephthalates and major derivatives in 10 geographic regions with ten-year market forecasts.
After a seven percent contraction in 2008, global demand for paraxylene (PX) rebounded and grew roughly by seven percent in 2009. There was phenomenal growth in 2010 of nearly 11 percent, on the back of rebounding fiber markets primarily in Asia, which were themselves spurred on by a global shortage of cotton and the resultant historic high cotton prices. The cotton shortage resulted in nearly one million metric tons of unexpected polyester demand (580,000 metric tons of PX equivalents) over a relatively short period. This combined with nearly two million metric tons of PX growth associated with rebounding fiber and PET markets to strain PX supply. The demand continued to increase into early 2011.
The primary supply issue in PX will be the ability of the industry to build new capacity at the pace of the global demand growth in downstream PTA and polyester capacity. Increasingly, new PX capacity requires the addition of new reforming and aromatics capacity, which increases the total capital cost and the risk of investment. This will likely keep the growth rate of capacity constrained.
IHS Chemical World Analysis - Paraxylene & Terephthalates examines historical trends and long term projections for supply/demand, production, capacity, and trade of the global paraxylene & terephthalates industry over a 16-year period (five-year history, base year, ten-year forecast).
Included with the IHS Chemical World Analysis - Paraxylene & Terephthalates is 12-month’s access to IHS Chemical’s online capacity and supply/demand databases, with updates to the capacity database as they occur and one update to the supply/demand database. The study’s conclusions, with text and graphs, are provided online; as are the Excel files for the supply/demand flat file and the regional supply/demand graphs.
A partial list of paraxylene & terephthalates derivatives covered includes:
- Dimethyl terephthalate (DMT)
- Terephthalic Acid