Global Bio-Based Paraxylene Market 2023-2030

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    GLOBAL BIO-BASED PARAXYLENE MARKET

     

    INTRODUCTION

    Paraxylene (PX) is a key building block for the production of polyester, which is used for the production of fabrics, films, and packaging materials.

     

    It is traditionally derived from petroleum-based sources, but recently, bio-based PX has been gaining significant attention due to its potential to reduce dependence on fossil fuels and the associated emissions.

     

    Bio-based PX is derived from renewable biomass sources such as sugarcane and corn, which are fermented and hydrolyzed to produce xylose. This xylose is then catalytically converted into a mixture of PX and isomers, which can be further purified to obtain pure PX.

     

    The production of bio-based PX is more energy-efficient and cost-effective than traditional petroleum-based PX. The use of renewable biomass sources also provides a much lower carbon footprint and reduces greenhouse gas emissions compared to its petroleum-based counterpart.

     

    Furthermore, bio-based PX can be used as a drop-in substitute for the petroleum-based version, making the transition to a more sustainable alternative easier.

     

    In addition to the environmental benefits, bio-based PX also has the potential to create new economic opportunities. It can be used to create new value-added products, such as biodegradable plastics or bio-based fabrics, which can open up new markets for businesses.

     

    Furthermore, the production of bio-based PX can also create jobs in the renewable energy sector.Overall, bio-based PX is a promising alternative to petroleum-based PX, offering environmental and economic benefits that could help to create a more sustainable future.

     

     GLOBAL BIO-BASED PARAXYLENE MARKET SIZE AND FORECAST

     

    infographic: Bio-Based Paraxylene Market,
Bio-Based Paraxylene Market Size,
Bio-Based Paraxylene Market Trends, 
Bio-Based Paraxylene Market Forecast,
Bio-Based Paraxylene Market Risks,
Bio-Based Paraxylene Market Report,
Bio-Based Paraxylene Market Share

     

    The Global Bio-Based Paraxylene market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

     

    NEW PRODUCT LAUNCH

    Renewable sugarcane is used to create REXPEELTM PX 8192, a bio-based paraxylene (PX). The goal of this new DowDuPont product is to make it possible to produce more renewable and sustainable materials for the petrochemical and plastics industries.

     

    Alternatives to standard paraxylene and other petrochemicals that are based on fossil fuels include REXPEELTM PX 8192, which is 100 percent biobased, non-GMO, and renewable.

     

    As a cost-effective substitute for conventional petrochemical-based materials, REXPEELTM PX 8192 not only offers superior performance but is also more environmentally friendly.

     

    When compared to conventional petrochemical-based paraxylene, it also delivers significant energy savings. It is best to use this product in industries including consumer products, packaging, and transportation and automotive.

     

    BioAmber, a leader in bio-based chemicals, manufactures Bio-PXTM, a bio-based paraxylene. It is a sustainable, renewable replacement for conventional paraxylene that is derived from fossil fuels.

     

    A paraxylene molecule is produced by a proprietary process that turns feedstocks derived from plants that are renewable and responsibly harvested into Bio-PXTM.

     

    In this method, the required molecule is produced by combining chemical synthesis with fermentation. The finished product is both economically and environmentally sound.

     

    Bio-PXTM has uses in the plastics and coatings sectors and can be utilised as a precursor to a number of petrochemical products. BioAmber is dedicated to giving clients access to affordable, eco-friendly solutions while working to build a more sustainable future.

     

    COMPANY PROFILE

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many Bio-Based Paraxylene are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Bio-Based Paraxylene and key vendor selection criteria
    3. Where is the Bio-Based Paraxylene manufactured? What is the average margin per unit?
    4. Market share of Global Bio-Based Paraxylene market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Bio-Based Paraxylene in-house
    6. key predictions for next 5 years in Global Bio-Based Paraxylene market
    7. Average B-2-B Bio-Based Paraxylene market price in all segments
    8. Latest trends in Bio-Based Paraxylene market, by every market segment
    9. The market size (both volume and value) of the Bio-Based Paraxylene market in 2023-2030 and every year in between?
    10. Production breakup of Bio-Based Paraxylene market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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