India, April 20 -- 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 moving down the supply chain which is most likely to up the level of competition in the market, observes TMR.
The global paraxylene market stood...