Purified Terephthalic Acid Market to hit USD 81.67 Bn by 2029 at a CAGR 5.2 Percent, Global Industry Analysis by Type, Industry, Region, and Forecast

The global Purified Terephthalic Acid (PTA) market is expected to reach USD 81.67 Bn by 2029, growing at a CAGR of 5.2 percent during the forecast period, according to a new market research report by MMR. In 2021, the market was valued at USD 54.44 Bn.

Purified Terephthalic Acid Market Report Scope and Research Methodology

The report provides a comprehensive assessment of the Purified Terephthalic Acid market and includes insightful data, facts, historical information, industry-validated market data, and projections based on a suitable set of assumptions and methodology. The report analyzes market dynamics, identifies and analyzes market segments, and projects the global market size. The report also includes a competitive analysis of key players, along with PEST analysis, PORTER's analysis, and SWOT analysis.

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Purified Terephthalic Acid Market Dynamics

The rising demand for polyester fibers and increasing demand for PET from the bottling and packaging industry are major driving factors for the growth of the global purified terephthalic acid market. However, the fluctuation in the prices of paraxylene, which is the raw material used to manufacture terephthalic acid, hinders the market's growth. Furthermore, increasing demand for recycled PET is a major challenge for the market's growth.

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Purified terephthalic acid is used as a raw material in the production of high-performance multipurpose plastics such as polybutylene terephthalate (PBT), polyethylene terephthalate (PET), polytrimethylene terephthalate (PTT), and even forms of bioplastics. It also finds immense usage in the production of polyester fibers in the global market. The increased consumption of processed food items and beverages in emerging countries is projected to drive the demand for purified terephthalic acid in the PET grade segment.

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Purified Terephthalic Acid Market Regional Insights

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.

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Purified Terephthalic Acid Market Segmentation

By Application:

• Polyester
• Polybutylene Terephthalate
• Plasticizers

By End Use:

• Textile
• Bottling & Packaging
• Home Furnishing
• Others

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Purified Terephthalic Acid Market Key Competitors include:

• 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

Table of Content for Purified Terephthalic Acid Market

Global Purified Terephthalic Acid Market: Research Methodology

Global Purified Terephthalic Acid Market: Executive Summary

Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

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

Global Purified Terephthalic Acid Market Segmentation

Global Market, by Application (2021-2029)
Global Market, by End Use (2021-2029)

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)

Company Profile: Key players

Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Types:

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 Application and End Use
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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