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Paraxylene (PX), an aromatic hydrocarbon, is the basic raw material for the commercial production of Purified Terephthalic Acid (PTA) and Dimethyl Terephthalate (DMT), which are further used to produce polyester. TechNavio's analysts forecast the Global PX Market will grow at a CAGR of 6.80 percent over the period 2013-2018.