India as second biggest para-xylene market by 2017

Research and Markets study indicates that India is set to become the global power in the para-xylene (p-xylene) industry as its Purified Terephthalic Acid (PTA) industry is embarking upon a large scale capacity expansion in the next five years.
The PTA industry, the largest consumer of p-xylene, has faced tight supply in India for the last few years due to limited capacity. However, this is about to change as various petrochemical companies have announced that they are setting up new PTA plants, creating opportunities for the p-xylene industry.