Purified Terephthalic Acid (PTA) Market by Product Type, Distribution Channel, End User 2022-2027

Author: Elena Anderson Marketing Manager

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Global Purified Terephthalic Acid (PTA) Market Research Report 2022-2027:

According to the latest report by IMARC Group, titled " PurifiedTerephthalicAcid(PTA)Market:GlobalIndustryTrends,Share,Size,Growth,Opportunitya ndForecast2022-2027

," the global purified terephthalic acid (PTA) market reached a value of US$ 82.3 Billion in 2021.

Purified terephthalic acid (PTA) with formula C6H4(COOH)2 is a white organic compound produced by a reaction between acetic acid and paraxylene (PX) in the presence of air. It is widely used in artificial polyester fabrics, which are further utilized in dresses, trousers, sportswear, swimsuits, curtains, sofa covers, jackets, car seat covers, and bed sheets.

It exhibits excellent weathering, hardness, flexibility, chemical and stain resistance, and fluidization characteristics. As a result, PTA finds extensive applications in formulating general appliances, industrial maintenance, coil coatings, and metal.

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Global Purified Terephthalic Acid (PTA) Market Trends:

The market is primarily driven by the expanding textile industry. In addition, the widespread adoption of polyester fibers on account of their compatibility with other synthetic or natural fibers is contributing to the market growth. Moreover, the increasing sales of on-the-go bottled beverages due to the hectic lifestyles of working professionals and inflating per capita income represent another major growthinducing factor. Besides this, PTA is deployed in manufacturing high-strength, light-colored, and solventfree adhesives, which are widely applied to bond paper, metal, lamination, wood, synthetics in shoe fabrication, and automotive sub-assembly. Apart from this, PTA is utilized in the pharmaceutical industry as a raw material for various drugs that help treat chronic and acute diseases, such as reflux esophagitis, peptic ulcers, and gastroesophageal reflux disease (GERD).

It is further used in the manufacturing of recording tapes, tire cords, cyclohexanedimethanol (CHDM), terephthaloyl chloride (TCL), co-polyester-ether elastomers, plasticizers, and liquid crystal. Furthermore, various key players are focusing on collaborations and partnerships with other organizations to reduce costs and improve product quality, which is anticipated to propel market growth. Other factors, including rapid urbanization and the increasing foreign investments in the packaging and paints and coatings sectors, are creating a positive market outlook across the globe.

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Looking forward, IMARC Group expects the market value to reach US$ 112.96 Billion by 2027, exhibitingaCAGRof5.25%duringtheforecastperiod(2022-2027).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/purified-terephthalic-acid-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Application:

• Polyester

o Fiber and Yarn Grade

o Polybutylene Terephthalate (PET) Grade

o Film Grade

• Polybutylene Terephthalate (PBT)

• Plasticizers

• Others

Breakup by End Use:

• Textile

• Bottling and Packaging

• Home Furnishing

• Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• Alpek S.A.B. de C.V

• Eastman Chemical Company

• Far Eastern New Century Corporation

• Formosa Chemicals & Fibre Corp

• HANWA Co. Ltd

• Indian Oil Corporation Limited

• Indorama Ventures Public Company Limited

• Jiangyin Chengxing Industrial Group Co. Ltd

• LOTTE Chemical Corporation

• Mitsubishi Chemical Corporation

• Reliance Industries Limited

• Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)

• Sinopec

1. Howhastheglobalpurifiedterephthalicacid(PTA)marketperformedsofarandhowwillit performinthecomingyears?

2. WhathasbeentheimpactofCOVID-19ontheglobalpurifiedterephthalicacid(PTA)market?

3. Whatarethekeyregionalmarkets?

4. Whatisthebreakupofthemarketbasedontheapplication?

5. Whatisthebreakupofthemarketbasedontheenduser?

6. Whatarethevariousstagesinthevaluechainoftheindustry?

7. Whatarethekeydrivingfactorsandchallengesintheindustry?

8. Whatisthestructureoftheglobalpurifiedterephthalicacid(PTA)marketandwhoarethekey players?

9. Whatisthedegreeofcompetitionintheindustry?

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