Purified Terephthalic Acid (PTA) Market was valued at USD 23.4 Billion in 2022 and is projected to reach USD 32.1 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The global Purified Terephthalic Acid (PTA) market was valued at approximately USD 70 billion in 2022. The market is expected to expand at a Compound Annual Growth Rate (CAGR) of 5.6% from 2022 to 2030. This growth is driven by the increasing demand for PTA in the production of polyester fibers and resins, which are extensively used in the textile and packaging industries. The rising consumer preference for eco-friendly and sustainable products is further boosting the demand for PTA, as it is a key raw material in the production of recycled PET (rPET), which is increasingly used in various applications.
Emerging markets, particularly in Asia-Pacific, are anticipated to present significant opportunities for market growth due to rapid industrialization and urbanization. The growing automotive and construction sectors in these regions are expected to drive the demand for PTA-based products. Additionally, advancements in production technologies and the development of new applications are likely to enhance market prospects. Market players are focusing on strategic investments and technological innovations to capitalize on these opportunities, aiming to meet the evolving needs of various end-use industries and maintain a competitive edge in the global PTA market.
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British Petroleum
Reliance Industries
Sinopec
Indorama Ventures Public Company
SABIC
Alpek
Eastman Chemical
Indian Oil
Lotte Chemical
Mitsubishi Chemical
Petkim Petrokimya Holding
JBF Petrochemicals
MCPI
Jiaxing Petrochemical
China Prosperity (Jiangyin) Petrochemical
Hanwha General Chemical
Hengli Petrochemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Purified Terephthalic Acid (PTA) Market
Polyester
Polybutylene Terephthalate (PBT)
Plasticizers
Others
Based on Types the Market is categorized into Below types that held the largest Purified Terephthalic Acid (PTA) market share In 2023.
Type 1
Type 2
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Purified Terephthalic Acid (PTA) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Purified Terephthalic Acid (PTA) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Purified Terephthalic Acid (PTA) Market, By Type
6. Global Purified Terephthalic Acid (PTA) Market, By Application
7. Global Purified Terephthalic Acid (PTA) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Purified Terephthalic Acid (PTA) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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