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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.