Purified Terephthalic Acid Market was valued at US$ 57.27 Bn in 2022, and is expected to reach US$ 81.66 Bn by 2029, at a CAGR of 5.2 % during forecast period.Purified Terephthalic Acid (PTA) Market Dynamics:
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Purified Terephthalic Acid market dynamics, structure by identifying and analyzing the market segments and project the global market size.Purified Terephthalic Acid (PTA) Market Snapshot
To know about the Research Methodology:-Request Free Sample Report Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment market. Rising demand for polyester fibers, and Increasing demand for PET from the bottling and packaging industry are major driving factors behind the growth of the global purified terephthalic acid market. However, fluctuation in the prices of paraxylene which is the raw material used as manufacture for the terephthalic acid hindered the growth of the market. Further, increasing demand for recycled PET will be the major challenge for the growth for the global purified terephthalic acid market. Purified terephthalic acid is used as a raw material in the production of high-performance multipurpose plastics like polybutylene terephthalate (PBT), polyethylene terephthalate (PET), polytrimethylene terephthalate (PTT) and even forms of bioplastics.It also finds its immense usage in the production of polyester fibers in the global market. They are used to manufacture polyester coating resins for manufacturing general metal, automotive, appliances, industrial maintenance even coil coatings. Based on application, the polyester segment is expected to augment its demand over the forecast period. The polyester application segment has been classified into fiber & yarn grade, Polyethylene Terephthalate (PET) grade, and film grade on the basis of the grade. Polyethylene Terephthalate materials manufactured using Purified terephthalic acid are used for packaging of several food & beverages items, such as mineral water bottles, soft drink bottles, and ready-to-eat food items. The increased consumption of processed food items and beverages in emerging countries is projected to drive the demand for Purified terephthalic acid in the Polyethylene Terephthalate grade segment. Some growth factors such as growing per capita consumption in emerging regions such as China and significant growth of the textile industry is expected to boost the demand market. Fluctuating price of crude oil which is required to produce PTA is expected to affect profitability of PTA manufacturers thereby impacting the growth of the market. Beer and other alcoholic beverage industries as well as household product containers are still dominated by the glass industry, which could be a new market for PTA consumption thereby, providing new opportunities for the growth of the market. Geographically, Asia Pacific was the largest consumer for purified terephthalic acid, followed by North America and Europe. Future market growth is expected to be from Asia Pacific as well owing to the improving living standards and cross-country usage of PTA products.
Purified Terephthalic Acid (PTA) Market Key Highlights:
Global Purified Terephthalic Acid (PTA) Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Purified Terephthalic Acid (PTA) Market Global Purified Terephthalic Acid (PTA) Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Global Purified Terephthalic Acid (PTA) Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global Purified Terephthalic Acid (PTA) Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Purified Terephthalic Acid (PTA) Market are also profiled. The report has considered the base year of 2022 and past four years trend. 2023 figures are at actuals, however due to different dynamics of year 2023, market forecast is not only dependent upon 2023, but on the basis of 2023-2029.Purified Terephthalic Acid Market Scope: Inquire before buying
Global Purified Terephthalic Acid Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 57.27 Bn. Forecast Period 2023 to 2029 CAGR: 5.2% Market Size in 2029: US $ 81.66 Bn. Segments Covered: by Application Polyester Polybutylene Terephthalate Plasticizers by End Use Textile Bottling & Packaging Home Furnishing Others Purified Terephthalic Acid Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Purified Terephthalic Acid Market, Key Player are
1. British Petroleum 2.Reliance Industries Limited 3. Sinopec Corporation 4. Indorama Ventures Public Company 5. SABIC 6. Alpek 7. Eastman Chemical Company 8. Indian Oil Corporation 9. Lotte Chemical Corporation 10. Mitsubishi Chemical Corporation 11. PetkimPetrokimya Holding A.ª. 12. JBF Petrochemicals 13. MCPI 14. Jiaxing Petrochemical Co., Ltd. (JPCL) 15. Yisheng Frequently Asked Questions: 1. Which region has the largest share in Global Purified Terephthalic Acid Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Purified Terephthalic Acid Market? Ans: The Global Purified Terephthalic Acid Market is growing at a CAGR of 5.2% during forecasting period 2023-2029. 3. What is scope of the Global Purified Terephthalic Acid market report? Ans: Global Purified Terephthalic Acid Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Purified Terephthalic Acid market? Ans: The important key players in the Global Purified Terephthalic Acid Market are – British Petroleum, Reliance Industries Limited, Sinopec Corporation, Indorama Ventures Public Company, SABIC, Alpek, Eastman Chemical Company, Indian Oil Corporation, Lotte Chemical Corporation, Mitsubishi Chemical Corporation, PetkimPetrokimya Holding A.ª., JBF Petrochemicals, MCPI, Jiaxing Petrochemical Co., Ltd. (JPCL), and Yisheng 5. What is the study period of this market? Ans: The Global Purified Terephthalic Acid Market is studied from 2021 to 2029.
Global Purified Terephthalic Acid Market
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary : Global Purified Terephthalic Acid Market Size, by Market Value (US$ Bn) and Market Volume (Units) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7.Industry Trends in Global Purified Terephthalic Acid Market 5. Supply Side and Demand Side Indicators 6. Global Purified Terephthalic Acid Market Analysis and Forecast 6.1. Global Purified Terephthalic Acid Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Purified Terephthalic Acid Market Analysis and Forecast, by Application 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Purified Terephthalic Acid Market Value Share Analysis, by Application 7.4. Global Purified Terephthalic Acid Market Size (US$ Bn) Forecast, by Application 7.5. Global Purified Terephthalic Acid Market Analysis, by Application 7.6. Global Purified Terephthalic Acid Market Attractiveness Analysis, by Application 8. Global Purified Terephthalic Acid Market Analysis and Forecast, by End Use 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Purified Terephthalic Acid Market Value Share Analysis, by End Use 8.4. Global Purified Terephthalic Acid Market Size (US$ Bn) Forecast, by End Use 8.5. Global Purified Terephthalic Acid Market Analysis, by End Use 8.6. Global Purified Terephthalic Acid Market Attractiveness Analysis, by End Use 9. Global Purified Terephthalic Acid Market Analysis, by Region 9.1. Global Purified Terephthalic Acid Market Value Share Analysis, by Region 9.2. Global Purified Terephthalic Acid Market Size (US$ Bn) Forecast, by Region 9.3. Global Purified Terephthalic Acid Market Attractiveness Analysis, by Region 10. North America Purified Terephthalic Acid Market Analysis 10.1. Key Findings 10.2. North America Purified Terephthalic Acid Market Overview 10.3. North America Purified Terephthalic Acid Market Value Share Analysis, by Application 10.4. North America Purified Terephthalic Acid Market Forecast, by Application 10.4.1. Polyester 10.4.2. Polybutylene Terephthalate 10.4.3. Plasticizers 10.5. North America Purified Terephthalic Acid Market Value Share Analysis, by End Use 10.6. North America Purified Terephthalic Acid Market Forecast, by End Use 10.6.1. Textile 10.6.2. Bottling & Packaging 10.6.3. Home Furnishing 10.6.4. Others 10.7. North America Purified Terephthalic Acid Market Value Share Analysis, by Country 10.8. North America Purified Terephthalic Acid Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Purified Terephthalic Acid Market Analysis, by Country 10.10. U.S. Purified Terephthalic Acid Market Forecast, by Application 10.10.1. Polyester 10.10.2. Polybutylene Terephthalate 10.10.3. Plasticizers 10.11. U.S. Purified Terephthalic Acid Market Forecast, by End Use 10.11.1. Textile 10.11.2. Bottling & Packaging 10.11.3. Home Furnishing 10.11.4. Others 10.12. Canada Purified Terephthalic Acid Market Forecast, by Application 10.12.1. Polyester 10.12.2. Polybutylene Terephthalate 10.12.3. Plasticizers 10.13. Canada Purified Terephthalic Acid Market Forecast, by End Use 10.13.1. Textile 10.13.2. Bottling & Packaging 10.13.3. Home Furnishing 10.13.4. Others 10.14. North America Purified Terephthalic Acid Market Attractiveness Analysis 10.14.1. By Application 10.14.2. By End Use 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Purified Terephthalic Acid Market Analysis 11.1. Key Findings 11.2. Europe Purified Terephthalic Acid Market Overview 11.3. Europe Purified Terephthalic Acid Market Value Share Analysis, by Application 11.4. Europe Purified Terephthalic Acid Market Forecast, by Application 11.4.1. Polyester 11.4.2. Polybutylene Terephthalate 11.4.3. Plasticizers 11.5. Europe Purified Terephthalic Acid Market Value Share Analysis, by End Use 11.6. Europe Purified Terephthalic Acid Market Forecast, by End Use 11.6.1. Textile 11.6.2. Bottling & Packaging 11.6.3. Home Furnishing 11.6.4. Others 11.7. Europe Purified Terephthalic Acid Market Value Share Analysis, by Country 11.8. Europe Purified Terephthalic Acid Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Purified Terephthalic Acid Market Analysis, by Country 11.10. Germany Purified Terephthalic Acid Market Forecast, by Application 11.10.1. Polyester 11.10.2. Polybutylene Terephthalate 11.10.3. Plasticizers 11.11. Germany Purified Terephthalic Acid Market Forecast, by End Use 11.11.1. Textile 11.11.2. Bottling & Packaging 11.11.3. Home Furnishing 11.11.4. Others 11.12. U.K. Purified Terephthalic Acid Market Forecast, by Application 11.12.1. Polyester 11.12.2. Polybutylene Terephthalate 11.12.3. Plasticizers 11.13. U.K. Purified Terephthalic Acid Market Forecast, by End Use 11.13.1. Textile 11.13.2. Bottling & Packaging 11.13.3. Home Furnishing 11.13.4. Others 11.14. France Purified Terephthalic Acid Market Forecast, by Application 11.14.1. Polyester 11.14.2. Polybutylene Terephthalate 11.14.3. Plasticizers 11.15. France Purified Terephthalic Acid Market Forecast, by End Use 11.15.1. Textile 11.15.2. Bottling & Packaging 11.15.3. Home Furnishing 11.15.4. Others 11.16. Italy Purified Terephthalic Acid Market Forecast, by Application 11.16.1. Polyester 11.16.2. Polybutylene Terephthalate 11.16.3. Plasticizers 11.17. Italy Purified Terephthalic Acid Market Forecast, by End Use 11.17.1. Textile 11.17.2. Bottling & Packaging 11.17.3. Home Furnishing 11.17.4. Others 11.18. Spain Purified Terephthalic Acid Market Forecast, by Application 11.18.1. Polyester 11.18.2. Polybutylene Terephthalate 11.18.3. Plasticizers 11.19. Spain Purified Terephthalic Acid Market Forecast, by End Use 11.19.1. Textile 11.19.2. Bottling & Packaging 11.19.3. Home Furnishing 11.19.4. Others 11.20. Rest of Europe Purified Terephthalic Acid Market Forecast, by Application 11.20.1. Polyester 11.20.2. Polybutylene Terephthalate 11.20.3. Plasticizers 11.21. Rest of Europe Purified Terephthalic Acid Market Forecast, by End Use 11.21.1. Textile 11.21.2. Bottling & Packaging 11.21.3. Home Furnishing 11.21.4. Others 11.22. Europe Purified Terephthalic Acid Market Attractiveness Analysis 11.22.1. By Application 11.22.2. By End Use 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Developments 12. Asia Pacific Purified Terephthalic Acid Market Analysis 12.1. Key Findings 12.2. Asia Pacific Purified Terephthalic Acid Market Overview 12.3. Asia Pacific Purified Terephthalic Acid Market Value Share Analysis, by Application 12.4. Asia Pacific Purified Terephthalic Acid Market Forecast, by Application 12.4.1. Polyester 12.4.2. Polybutylene Terephthalate 12.4.3. Plasticizers 12.5. Asia Pacific Purified Terephthalic Acid Market Value Share Analysis, by End Use 12.6. Asia Pacific Purified Terephthalic Acid Market Forecast, by End Use 12.6.1. Textile 12.6.2. Bottling & Packaging 12.6.3. Home Furnishing 12.6.4. Others 12.7. Asia Pacific Purified Terephthalic Acid Market Value Share Analysis, by Country 12.8. Asia Pacific Purified Terephthalic Acid Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Purified Terephthalic Acid Market Analysis, by Country 12.10. China Purified Terephthalic Acid Market Forecast, by Application 12.10.1. Polyester 12.10.2. Polybutylene Terephthalate 12.10.3. Plasticizers 12.11. China Purified Terephthalic Acid Market Forecast, by End Use 12.11.1. Textile 12.11.2. Bottling & Packaging 12.11.3. Home Furnishing 12.11.4. Others 12.12. India Purified Terephthalic Acid Market Forecast, by Application 12.12.1. Polyester 12.12.2. Polybutylene Terephthalate 12.12.3. Plasticizers 12.13. India Purified Terephthalic Acid Market Forecast, by End Use 12.13.1. Textile 12.13.2. Bottling & Packaging 12.13.3. Home Furnishing 12.13.4. Others 12.14. Japan Purified Terephthalic Acid Market Forecast, by Application 12.14.1. Polyester 12.14.2. Polybutylene Terephthalate 12.14.3. Plasticizers 12.15. Japan Purified Terephthalic Acid Market Forecast, by End Use 12.15.1. Textile 12.15.2. Bottling & Packaging 12.15.3. Home Furnishing 12.15.4. Others 12.16. ASEAN Purified Terephthalic Acid Market Forecast, by Application 12.16.1. Polyester 12.16.2. Polybutylene Terephthalate 12.16.3. Plasticizers 12.17. ASEAN Purified Terephthalic Acid Market Forecast, by End Use 12.17.1. Textile 12.17.2. Bottling & Packaging 12.17.3. Home Furnishing 12.17.4. Others 12.18. Rest of Asia Pacific Purified Terephthalic Acid Market Forecast, by Application 12.18.1. Polyester 12.18.2. Polybutylene Terephthalate 12.18.3. Plasticizers 12.19. Rest of Asia Pacific Purified Terephthalic Acid Market Forecast, by End Use 12.19.1. Textile 12.19.2. Bottling & Packaging 12.19.3. Home Furnishing 12.19.4. Others 12.20. Asia Pacific Purified Terephthalic Acid Market Attractiveness Analysis 12.20.1. By Application 12.20.2. By End Use 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Developments 13. Middle East & Africa Purified Terephthalic Acid Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Purified Terephthalic Acid Market Overview 13.3. Middle East & Africa Purified Terephthalic Acid Market Value Share Analysis, by Application 13.4. Middle East & Africa Purified Terephthalic Acid Market Forecast, by Application 13.4.1. Polyester 13.4.2. Polybutylene Terephthalate 13.4.3. Plasticizers 13.5. Middle East & Africa Purified Terephthalic Acid Market Value Share Analysis, by End Use 13.6. Middle East & Africa Purified Terephthalic Acid Market Forecast, by End Use 13.6.1. Textile 13.6.2. Bottling & Packaging 13.6.3. Home Furnishing 13.6.4. Others 13.7. Middle East & Africa Purified Terephthalic Acid Market Value Share Analysis, by Country 13.8. Middle East & Africa Purified Terephthalic Acid Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Purified Terephthalic Acid Market Analysis, by Country 13.10. GCC Purified Terephthalic Acid Market Forecast, by Application 13.10.1. Polyester 13.10.2. Polybutylene Terephthalate 13.10.3. Plasticizers 13.11. GCC Purified Terephthalic Acid Market Forecast, by End Use 13.11.1. Textile 13.11.2. Bottling & Packaging 13.11.3. Home Furnishing 13.11.4. Others 13.12. South Africa Purified Terephthalic Acid Market Forecast, by Application 13.12.1. Polyester 13.12.2. Polybutylene Terephthalate 13.12.3. Plasticizers 13.13. South Africa Purified Terephthalic Acid Market Forecast, by End Use 13.13.1. Textile 13.13.2. Bottling & Packaging 13.13.3. Home Furnishing 13.13.4. Others 13.14. Rest of Middle East & Africa Purified Terephthalic Acid Market Forecast, by Application 13.14.1. Polyester 13.14.2. Polybutylene Terephthalate 13.14.3. Plasticizers 13.15. Rest of Middle East & Africa Purified Terephthalic Acid Market Forecast, by End Use 13.15.1. Textile 13.15.2. Bottling & Packaging 13.15.3. Home Furnishing 13.15.4. Others 13.16. Middle East & Africa Purified Terephthalic Acid Market Attractiveness Analysis 13.16.1. By Application 13.16.2. By End Use 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Purified Terephthalic Acid Market Analysis 14.1. Key Findings 14.2. South America Purified Terephthalic Acid Market Overview 14.3. South America Purified Terephthalic Acid Market Value Share Analysis, by Application 14.4. South America Purified Terephthalic Acid Market Forecast, by Application 14.4.1. Polyester 14.4.2. Polybutylene Terephthalate 14.4.3. Plasticizers 14.5. South America Purified Terephthalic Acid Market Value Share Analysis, by End Use 14.6. South America Purified Terephthalic Acid Market Forecast, by End Use 14.6.1. Textile 14.6.2. Bottling & Packaging 14.6.3. Home Furnishing 14.6.4. Others 14.7. South America Purified Terephthalic Acid Market Value Share Analysis, by Country 14.8. South America Purified Terephthalic Acid Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Purified Terephthalic Acid Market Analysis, by Country 14.10. Brazil Purified Terephthalic Acid Market Forecast, by Application 14.10.1. Polyester 14.10.2. Polybutylene Terephthalate 14.10.3. Plasticizers 14.11. Brazil Purified Terephthalic Acid Market Forecast, by End Use 14.11.1. Textile 14.11.2. Bottling & Packaging 14.11.3. Home Furnishing 14.11.4. Others 14.12. Mexico Purified Terephthalic Acid Market Forecast, by Application 14.12.1. Polyester 14.12.2. Polybutylene Terephthalate 14.12.3. Plasticizers 14.13. Mexico Purified Terephthalic Acid Market Forecast, by End Use 14.13.1. Textile 14.13.2. Bottling & Packaging 14.13.3. Home Furnishing 14.13.4. Others 14.14. Rest of South America Purified Terephthalic Acid Market Forecast, by Application 14.14.1. Polyester 14.14.2. Polybutylene Terephthalate 14.14.3. Plasticizers 14.15. Rest of South America Purified Terephthalic Acid Market Forecast, by End Use 14.15.1. Textile 14.15.2. Bottling & Packaging 14.15.3. Home Furnishing 14.15.4. Others 14.16. South America Purified Terephthalic Acid Market Attractiveness Analysis 14.16.1. By Application 14.16.2. By End Use 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. British Petroleum 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 1.1.1.1. Manufacturing Footprint 15.3.2. Reliance Industries Limited 15.3.3. Sinopec Corporation 15.3.4. Indorama Ventures Public Company 15.3.5. SABIC 15.3.6. Alpek 15.3.7. Eastman Chemical Company 15.3.8. Indian Oil Corporation 15.3.9. Lotte Chemical Corporation 15.3.10. Mitsubishi Chemical Corporation 15.3.11. PetkimPetrokimya Holding A.ª. 15.3.12. JBF Petrochemicals 15.3.13. MCPI 15.3.14. Jiaxing Petrochemical Co., Ltd. (JPCL) 15.3.15. Yisheng 16. Primary Key Insights