Press release
Global Purified Terephthalic Acid (PTA) Market Overview by Industry Analysis, Application, Size, Share, Growth, Trends, Companies Profiles and market is expected to reach USD 67.98 billion by 2025
The Global Purified Terephthalic Acid (PTA) Market is expected to reach USD 67.98 billion by 2025, from USD 45.60 billion in 2017 growing at a CAGR of 4.90% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Complete report on Global Purified Terephthalic Acid (PTA) Market Research Report 2018-2025 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Purified Terephthalic Acid (PTA) Market
Purified terephthalic acid (PAT). Paraxylene (PX) is considered as a main raw material. PTA is commercially produced by oxidising PX to shape terephthalic acid (TA) which is then purified to form PTA. It is also used to manufacture PET resin which is used in production of bottles and containers for the food and beverage industry. Purified terephthalic acid is majorly used in the production of polyester fibers, textile and films. According to The National Council of Textile Organizations (NCTO), in 2017, the value of U.S. man-made fiber and filament, textile, and apparel material shipments totalled to the expected amount of USD 77.9 billion; which was an uptick from USD 74.4 billion yielded in 2016 and an increment of 16.0% since 2009. As per The State of the Specialty Food Industry, food industry continues to grow at a strong clip with Dollar sales hit upto USD 127.0 billion, a 15.0% jump in total sales between 2014 and 2016. The above factor proves that the market for PET resin around the globe is growing and will drive the demand for purified terephthalic acid (PTA).
Global Purified Terephthalic Acid (PTA) Market, By Application (Polyester, Plasticizers, Polybutylene Terephthalate, Others) By End User (Textile, Home furnishing, Bottling & Packaging, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Key Questions Answered in Global Purified Terephthalic Acid (PTA) Market Report:-
Our Report offers:-
• What will the market growth rate, Overview and Analysis by Type of Global Purified Terephthalic Acid (PTA) Market in 2025?
• What are the key factors driving, Analysis by Applications and Countries Global Purified Terephthalic Acid (PTA) Market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Purified Terephthalic Acid (PTA) Market?
• Who are Opportunities, Risk and Driving Force of Global Purified Terephthalic Acid (PTA) Market?
• Who are the opportunities and threats faced by the vendors in Global Purified Terephthalic Acid (PTA) Market? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Global Purified Terephthalic Acid (PTA) Market opportunities, market risk and market overview of the Market?
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Top Key Players:
• Eastman Chemical Company
• OMPET
• Mitsubishi Chemical Corporation.
• Hanwha Group.
• Reliance Industries Limited
• BP p.l.c.
• JIANGYIN CHENGXING INDUSTRIAL GROUP CO., LTD .
• PennWell Corporation
• PennWell Corporation.
• JBF Industries Ltd .
• Yatirim24.com
• China Petrochemical Corporation.
• Indorama Ventures Public Company Limited.
• SABIC
• Alpek S.A.B. de C.V
• Indian Oil Corporation Ltd.
• LOTTE Chemical CORPORATION
• Energi Mega Persada Tbk
• Shahid Tondgooyan Petrochemical Co.
• Oriental Petrochemical (Taiwan) Co., Ltd.
• Petkim Petrokimya Holding A.Ş.
• MCPI PRIVATE LIMITED
• Oriental Petrochemical (Taiwan) Co., Ltd.
• TAEKWAANG INDUSTRIAL CO., LTD.
• Zhejiang Hengyi Group Co.
• many more.
Key Reasons to Purchase:
• To gain insightful analyses of the market and have comprehensive understanding of the Global Purified Terephthalic Acid (PTA) Market and its commercial landscape.
• Assess the Purified Terephthalic Acid (PTA) production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the Purified Terephthalic Acid (PTA) Market and its impact in the Global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for Global Purified Terephthalic Acid (PTA) Market.
Major Market Drivers and Restraints:
Drivers:
• Rising demand for pet from the packaging industry and bottling
• Increase in demand for polyester fibers
Restraint:
• Prices of paraxylene are not stable.
• Excess numbers of PTA production in China
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Customize report of "Global Purified Terephthalic Acid (PTA) Market" as per customers requirement also available.
Market Segmentations:
Global Purified Terephthalic Acid (PTA) Market is segmented on the basis of
• Application
• End User
• Geography
Market Segmentations in Details:
By Application
• Polyester
• Plasticizers
• Polybutylene Terephthalate
• Others
By End User
• Textile
• Home furnishing
• Bottling & Packaging
• Others
By Geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
Competitive Landscape: Global Purified Terephthalic Acid (PTA) Market
The global purified terephthalic acid market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of the global purified terephthalic acid market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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