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Purified terephthalic acid (PTA) is a raw material used in making high-performance multi-purpose plastics such as polybutyl terephthalate(PBT), polyethylene terephthalate(PET), and the new bioplastic that has been garnering attention in recent years, polytrimethylene terephthalate(PTT). Purified terephthalic acid (PTA) is made by causing a reaction between the secondary petroleum product paraxylene (PX) and acetic acid.
Based on region, the purified terephthalic acid market in South America is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased demand for purified terephthalic acid from PET grade resin producers in South America. Asia Pacific is the largest market for purified terephthalic acid. The rise in consumption of PET material bottles and the increase in demand for purified terephthalic acid from the packaging industry are key factors driving the growth of the Asia Pacific purified terephthalic acid market.
Market Analysis and Insights: Global Purified Terephthalic Acid (PTA) Market
The global Purified Terephthalic Acid (PTA) market is valued at US$ 41120 million in 2019. The market size will reach US$ 50320 million by the end of 2026, growing at a CAGR of 2.9% during 2021-2026.
Global Purified Terephthalic Acid (PTA) Scope and Segment
Purified Terephthalic Acid (PTA) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Purified Terephthalic Acid (PTA) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Type 1
Type 2
Segment by Application
Polyester
Polybutylene Terephthalate (PBT)
Plasticizers
Others
By Company
British Petroleum
Reliance Industries
Sinopec
Indorama Ventures Public Company
SABIC
Alpek
Eastman Chemical
Indian Oil
Lotte Chemical
Mitsubishi Chemical
Petkim Petrokimya Holding
JBF Petrochemicals
MCPI
Jiaxing Petrochemical
China Prosperity (Jiangyin) Petrochemical
Hanwha General Chemical
Hengli Petrochemical
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Based on region, the purified terephthalic acid market in South America is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased demand for purified terephthalic acid from PET grade resin producers in South America. Asia Pacific is the largest market for purified terephthalic acid. The rise in consumption of PET material bottles and the increase in demand for purified terephthalic acid from the packaging industry are key factors driving the growth of the Asia Pacific purified terephthalic acid market.
Market Analysis and Insights: Global Purified Terephthalic Acid (PTA) Market
The global Purified Terephthalic Acid (PTA) market is valued at US$ 41120 million in 2019. The market size will reach US$ 50320 million by the end of 2026, growing at a CAGR of 2.9% during 2021-2026.
Global Purified Terephthalic Acid (PTA) Scope and Segment
Purified Terephthalic Acid (PTA) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Purified Terephthalic Acid (PTA) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Type 1
Type 2
Segment by Application
Polyester
Polybutylene Terephthalate (PBT)
Plasticizers
Others
By Company
British Petroleum
Reliance Industries
Sinopec
Indorama Ventures Public Company
SABIC
Alpek
Eastman Chemical
Indian Oil
Lotte Chemical
Mitsubishi Chemical
Petkim Petrokimya Holding
JBF Petrochemicals
MCPI
Jiaxing Petrochemical
China Prosperity (Jiangyin) Petrochemical
Hanwha General Chemical
Hengli Petrochemical
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
