Press release
Purified Terephthalic Acid Market is anticipated to reach a value of USD 81.67 Bn by 2029, growing at a CAGR of 5.2% during the forecast period
Purified Terephthalic Acid Market
The report provides a comprehensive analysis of the global Purified Terephthalic Acid market, including a detailed assessment of market drivers, restraints, and opportunities. It offers segmentation based on type, source, end-user, and region. The report presents strategic analysis, growth trends, and prospects for each segment and sub-market. It covers five major regions, namely North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
The report profiles key industry players, analyzes their strategic perspective, market positioning, and core competencies. It also includes information on competitive developments, investments, strategic expansion, and the competitive landscape of the key players operating in the global Purified Terephthalic Acid market.
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What are Purified Terephthalic Acid Market Dynamics?
Rising demand for polyester fibers and the increasing demand for Polyethylene Terephthalate (PET) from the bottling and packaging industry are the major drivers behind the growth of the global Purified Terephthalic Acid market. However, fluctuation in the prices of paraxylene, the raw material used for manufacturing terephthalic acid, hampers the market growth. Furthermore, the increasing demand for recycled PET poses a significant challenge for the global Purified Terephthalic Acid market.
Purified terephthalic acid is widely used as a raw material in the production of high-performance multipurpose plastics, including Polybutylene Terephthalate (PBT), PET, Polytrimethylene Terephthalate (PTT), and bioplastics. It is also extensively utilized in the production of polyester fibers. The market is further segmented based on applications, with the polyester segment expected to witness a high demand over the forecast period. This segment includes fiber & yarn grade, PET grade, and film grade. PET materials manufactured using Purified Terephthalic Acid are widely used for packaging food and beverages items, such as mineral water bottles, soft drink bottles, and ready-to-eat food items.
Purified Terephthalic Acid Market Regional Insights:
Asia Pacific emerged as the largest consumer of purified terephthalic acid, followed by North America and Europe. The region is expected to drive future market growth due to improving living standards and increased usage of PTA products across countries.
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What is Purified Terephthalic Acid Market Segmentation?
by Application
• Polyester
• Polybutylene Terephthalate
• Plasticizers
by End Use
• Textile
• Bottling & Packaging
• Home Furnishing
• Others
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Who are Purified Terephthalic Acid Market Key Players?
• 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)
• Yisheng
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Table of content for the Purified Terephthalic Acid Market includes:
1. Global Purified Terephthalic Acid Market: Research Methodology
2. Global Purified Terephthalic Acid Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Purified Terephthalic Acid Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Purified Terephthalic Acid Market Segmentation
• Global Market, by Application (2021-2029)
• Global Market, by End Use (2021-2029)
5. Regional Purified Terephthalic Acid Market (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by End Use (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report @ https://www.maximizemarketresearch.com/market-report/global-purified-terephthalic-acid-pta-market/29017/
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Purified terephthalic acid (PTA) is a chemical which is synthesized from crude oil. It is majorly used to manufacture polyester fiber. Its end-user industries include textile and home furnishing where PTA is required to manufacture garments such as bed sheets, curtains and clothes.
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Purified Terephthalic Acid Market to Witness Exponential Growth by 2020
Purified terephthalic acid (PTA) is a chemical which is synthesized from crude oil. It is majorly used to manufacture polyester fiber. Its end-user industries include textile and home furnishing where PTA is required to manufacture garments such as bed sheets, curtains and clothes. The market for purified terephthalic is expected to witness noticeable expansion in the coming years with the growing demand for polyester, specifically in China. Furthermore, the country…
Global Purified Terephthalic Acid Sales Market Report 2017
This report studies sales (consumption) of Purified Terephthalic Acid in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering
Hitachi Group
Eastman
Lotte Chemical
BP Chemical
DuPont
Alpek
Mitsubishi Chemical
Dow Chemical
Jiangyin Chengxing
CAPCO
DAK Americas
Saudi Basic Industries Corporation (SABIC)
Interquisa
Koch Industries
Reliance Industries
Petrotemex S.A.
Samsung Petrochemical
Samnam Petrochemical
Sinopec Group
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Market Segment…
