--- title: Rising Petrochemicals description: Based on various studies, a global trend shows that petrochemicals growth will exceed the one of transportation fuels image: https://blog.axens.net/hubfs/Blog/Placeholders/AdobeStock_114406969_700px.jpg --- [![axens-logo-white](https://blog.axens.net/hubfs/Markentive/logos/axens-logo-white.svg "axens-logo-white")](https://www.axens.net) [Blog](https://blog.axens.net) - [Expertise Areas](https://www.axens.net/expertise) - [Solutions](https://www.axens.net/solutions/technologies-products-equipment-services) - [Resources](https://www.axens.net/resources-events/resources) - [Sustainability](https://www.axens.net/sustainability/axens-3-pillars-sustainable-development) - [Company](https://www.axens.net/company) - [Careers](https://www.axens.net/careers) [Contact Us](https://www.axens.net/contact-us) # Rising Petrochemicals [Home](https://blog.axens.net) Jun 11 2018 Written by Axens [Aromatics Extraction](https://blog.axens.net/tag/aromatics-extraction) + 9 [Olefins Removal](https://blog.axens.net/tag/olefins-removal)[Catalytic Reforming](https://blog.axens.net/tag/catalytic-reforming)[Paraxylene Purification & Production](https://blog.axens.net/tag/paraxylene-purification-production)[Xylenes Production](https://blog.axens.net/tag/xylenes-production)[Xylenes Isomerization](https://blog.axens.net/tag/xylenes-isomerization)[Advanced software & applications](https://blog.axens.net/tag/advanced-software-applications)[Process Technologies](https://blog.axens.net/tag/process-technologies)[Petrochemicals](https://blog.axens.net/tag/petrochemicals)[Equipment Supply](https://blog.axens.net/tag/equipment-supply) ![clock icon](https://blog.axens.net/hubfs/Markentive/icons/clock.svg) 2 min read Share this article ![Featured Image](https://blog.axens.net/hubfs/Blog/Placeholders/AdobeStock_114406969_700px.jpg) ## High Petrochemicals Demand Growth   Based on various studies, a global trend shows that petrochemicals growth will exceed the one of transportation fuels. It is indeed expected to see a petrochemical global growth reaching 4% per year compared to about 1% for fuels.   **![market-drivers-growth3-750x458](https://blog.axens.net/hs-fs/hubfs/market-drivers-growth3-750x458.png?width=750&name=market-drivers-growth3-750x458.png)**   In this context, implementing technologies to produce more valuable chemicals like aromatics is a strategic way for refiners and petrochemical players to drive future growth.   ## Paraxylene (PX) Production and Technology Excellence Requirement   As a raw material in the polyester chain, mainly to manufacture fiber, film and polyethylene terephthalate (PET) bottle resins, paraxylene (PX) is a high-value component in the petrochemical sector and one of the most important xylene molecules.   Supported by recognized know-how and committed R&D efforts, a superior end-user oriented technical solution and a robust commercial experience are key promotion requirements of paraxylene and aromatics technologies.   ![ParamaX-Logo_Horizontal-300x114](https://blog.axens.net/hs-fs/hubfs/ParamaX-Logo_Horizontal-300x114.png?width=300&name=ParamaX-Logo_Horizontal-300x114.png)   With the[ ParamaX® Technology Suite](https://www.axens.net/our-offer/by-market/petrochemicals/aromatics-complex.html), Axens is a leader in PX production and purification technologies. The ParamaX® Alliance gathers major actors of aromatics activity: Axens, ExxonMobil that is also a well-recognized operator and ThyssenKrupp Uhde.   The ParamaX® Technology Suite is a combination of top-of-the-line processes aiming at production of high purity PX and other aromatics molecules such as metaxylene, orthoxylene, benzene and/or toluene. The different process blocks composing the Paramax® Technology Suite are: - Aromatics production - Aromatics Extraction - Aromatics Rearrangement - Pure Xylene Isomers production This integrated and optimized offer with a complete portfolio of leading-edge technologies has led Axens to be awarded for major projects all over the world.   Moreover, another key advantage is the Axens second generation energy-efficient ParamaX® Suite that delivers superior products yields while greatly reducing plant energy consumption and enabling to control investment for cost-advantaged aromatics production.   One of the latest major awards is the ParamaX® complex for aromatics production for SOCAR Turkey’s future site.   ## Subscribe to our business newsletter to learn more about Axens [![Subscribe](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/5476842/54f23149-756d-4484-9404-894552391aac.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/5476842/54f23149-756d-4484-9404-894552391aac) ## Articles that might interest you ![chat-bkg](https://blog.axens.net/hubfs/Markentive/images/chat-bkg.jpg) ## Let’s see what we can achieve together. 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