Purified Terephthalic Acid (PTA) Market – Global Industry Analysis and Forecast (2023-2029)


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

Purified Terephthalic Acid MarketTo 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
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