Purified Terephthalic Acid Market 2023- Market Trends, Size, Industry Analysis And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Purified Terephthalic Acid Market Size, Growth Rate, And Forecast
The global purified terephthalic acid market size is expected to grow from $47.11 billion in 2022 to $50.13 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The purified terephthalic acid market size is expected to reach $62.11 billion in 2027 at a CAGR of 5.5%.

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Purified Terephthalic Acid Market Drivers
The increase in demand for polyester fibers is expected to propel the purified terephthalic acid market growth going forward. Polyester fibers refer to synthetic fiber that consists of polyester and is derived from ethylene glycol and terephthalic acid and blended with other fibers. Purified terephthalic acid is a commodity chemical that plays an important role in the manufacturing of polyester fiber and polyethylene terephthalate (PET) resin, both of which are found in many consumer products, thus increasing demand for polyester fibers increases the demand for the purified terephthalic acid market.

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Purified Terephthalic Acid Market Segments
1) By Manufacturing Process: Amoco Process, Co-Oxidation, Multistage Oxidation, Henkel Process

2) By Application: Polyester, Polybutylene Terephthalate (PBT), Plasticizers, Other Applications

3) By End User: Textile, PET Bottles, Packaging, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the purified terephthalic acid market.

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Purified Terephthalic Acid Market Key Players
Major competitors in the purified terephthalic acid market include Indian Oil Corporation, Alpek S.A.B. de C.V., British Petroleum PLC, Reliance Industries Limited, Saudi Basic Industries Corporation, Sinopec Corporation, Jiaxing Petrochemical Co.

The Business Research Company's "Global Purified Terephthalic Acid Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Purified Terephthalic Acid Market Include:
1. Executive Summary
2. Purified Terephthalic Acid Market Characteristics
3. Purified Terephthalic Acid Market Trends And Strategies
4. Purified Terephthalic Acid Market - Macro Economic Scenario
5. Purified Terephthalic Acid Market Size And Growth
.....
26. Africa Purified Terephthalic Acid Market
27. Purified Terephthalic Acid Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Purified Terephthalic Acid Market
29. Purified Terephthalic Acid Market Future Outlook and Potential Analysis
30. Appendix

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