openPR Logo
Press release

Learn details of the Advances in Purified Terephthalic Acid (PTA) Market Forecast and Segments, 2015-2025

03-01-2017 01:01 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Learn details of the Advances in Purified Terephthalic Acid

Purified terephthalic acid (PTA) is produced by chemical synthesis of crude oil. Majority of the purified terephthalic acid (PTA) is utilized in production of polyester resin which is used in the manufacture of polyester film, polyethylene terephthalate (PET) resin, and polyester fiber. The remaining percent of the purified terephthalic acid (PTA) is employed in manufacture of liquid crystal polymers, terephthaloyl chloride, cyclohexanedimethanol, plasticizers, and copolyester-ether elastomers.

It is comparatively more economical to use Purified terephthalic acid (PTA) than the dimethyl terephthalate (DMT) alternative for most grades of polyester utilized in the food and beverage containers and textiles. Purified terephthalic acid (PTA) also finds application in other end-user industries including textile and home furnishing, wherein PTA is essential for manufacture of garments such as bed sheets, clothes, and curtains.

Request For Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-957

Global Purified Terephthalic Acid (PTA) Market: Segmentation

Global purified terephthalic acid market is segmented into manufacturing processes, application and region. The global terephthalic acid market can be segmented on the basis of manufacturing processes into amoco process, cooxidation, multistage oxidation, and Henkel process.

On the basis of application, global terephthalic acid market can be segmented into polyester production, cyclohexanedimethanol production, plasticisers, liquid crystal polymers, textiles, bottling & packaging and furnishing etc.

On the basis of region, the global terephthalic acid market is segmented into north America, Latin America, Western Europe, Eastern Europe, Asia-Pacific (APEJ), Japan, and MEA.

Global Purified Terephthalic Acid (PTA) Market: Region-wise Outlook

The global purified terephthalic acid market is projected to witness a considerable growth in CAGR from 2015 to 2025. Asia Pacific is projected to be the most lucrative market for the global purified terephthalic acid market owing to the high ratio of manufacturing industries especially in India and China. Moreover, on account of the rising disposable income along with the improved standard of living, the Asia Pacific region is anticipated to witness a steady growth over the forecast period. Additionally, the growth in the PTA consumption is expected to be driven by high demand of polyester fiber.

North America and Europe is expected to trail Asia Pacific in terms of market volume share. Europe is projected to witness a sluggish growth owing to the growing utilization of bio-based PET in the bottle and packaging industry. Also, due to migration of the textile industry from North America and Europe to the Asia-Pacific region, production of polyester fiber in these regions have been declining exponentially.

Global Purified Terephthalic Acid (PTA) Market: Drivers

The purified terephthalic acid (PTA) market is likely to observe a noticeable growth in the approaching years owing to a high demand for polyester resin. Polyethylene terephthalate (PET) demand is also anticipated to have a positive impact on the purified terephthalic acid (PTA) market.

The rising per capita consumption and the growing disposable income in the developing economies such as India and China, along with a significant growth of the textile, coating and packaging industries in these regions is predicted to fuel the demand for the purified terephthalic acid (PTA) market.

Industries such as the beer industry, and the household product containers industry are still dominated by the glass industry, which is an unexplored market for purified terephthalic acid (PTA) consumption, offering new opportunities for the growth of the global purified terephthalic acid market.

Global Purified Terephthalic Acid Market: Restraints

Volatile crude oil prices are likely to affect the profitability of purified terephthalic acid (PTA) manufacturers and thus affecting the growth of the global purified terephthalic acid market. Moreover, stringent regulations is expected to support the use of bio-based PET and have a negative impact on the global purified terephthalic acid market growth. Other reasons which could affect the growth of the terephthalic acid market are toxicity levels which could cause eye irritation and mild skin irritations.

Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-957

Global Purified Terephthalic Acid Market: Key Players

Some of the major players identified in the global purified terephthalic acid market are Sinopec Yizheng Chemical Fibre Company, Mitsui Chemicals, Reliance Industries Limited, Eastman Chemical Company, DuPont, Formosa Plastics Group, Alfa Group, Indian Oil Corporation, Mitsubishi Chemical Corporation, SABIC, Samsung Petrochemical Co. Ltd., and Samyang Corporation etc.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Learn details of the Advances in Purified Terephthalic Acid (PTA) Market Forecast and Segments, 2015-2025 here

News-ID: 453052 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for PTA

Purified Terephthalic Acid (PTA) Market 2021 | Detailed Report
The Purified Terephthalic Acid (PTA) research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Purified Terephthalic Acid (PTA) research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force. Download FREE
Global Phthalic Anhydride (PTA) Market Outlook 2019-2024
Market Research Report Store offers a latest published report on Phthalic Anhydride Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.marketresearchreportstore.com/reports/592679/global-phthalic-anhydride-pta-market-outlook   The analysts forecast the global phthalic anhydride
PTA Catheter Global Market Report and Forecast to 2021
PTA Catheter Report by Material, Application, and Geography Global Forecast to 2021 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom,Japan, South Korea and China). In this report, the global PTA Catheter market is valued at USD XX million in 2017 and is projected to reach USD
PTA (Pure Terephthalic Acid) Market: Competitive Dynamics & Global Outlook 2023
New report published by Global Info Research which offers insights on the global PTA (Pure Terephthalic Acid) market. Terephthalic acid is an organic compound with formula C6H4(CO2H)2. This white solid is a commodity chemical, used principally as a precursor to the polyester PET, used to make clothing and plastic bottles. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-pta-pure-terephthalic-acid-market_p90085.html Global PTA (Pure Terephthalic Acid) Market:
Market Study of Global PTA Catheters Industry 2017
Albany, NY, 11th December : Recent research and the current scenario as well as future market potential of "Global PTA Catheters Detailed Analysis Report 2017-2022" globally. This report mainly introduces volume and value market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all details inside analysis and opinion in PTA Catheters industry. Get PDF for more Professional
Market Report Focus On PTA Catheters Market Report 2017-2022
"The Report Global PTA Catheters Detailed Analysis Report 2017-2022 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" This report mainly introduces volume and value market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all details inside analysis and opinion in PTA Catheters industry. This report splits PTA Catheters