Global Purified Terephthalic Acid (PTA) Market is Growing Due to the Rising Demand of Resin from Food Packaging Industry

Purified Terephthalic Acid (PTA) Market is estimated to grow at 5.8% CAGR for 2020-2027 with factors such as volatility in prices of raw material along with overcapacity which will hamper the growth of the market in emerging economies.

Purified terephthalic acid (PTA) market has shown an exceptional penetration in developed economies in North America. Increasing applications from various industries along with rising demand of plastic bottles which will help in driving the growth of the market.

Purified Terephthalic Acid (PTA) Market Scenario

According to Data Bridge Market Research the purified terephthalic acid (PTA) market is witnessing a significant growth in developing economies during the forecast period of 2020-2027 due to factors such as growing demand of polyester fibers, rising applications from bottling and packaging industry along with rising replacement of glass bottles with PET bottles for alcoholic beverages which will help in boosting the growth of the market.

Now the question is which are the other regions that purified terephthalic acid (PTA) market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific purified terephthalic acid (PTA) market in the forecast period of 2020-2027. The Data bridge market research new reports highlight the major growth factors and opportunities in the purified terephthalic acid (PTA) market.

For more analysis on the purified terephthalic acid (PTA) market request for a briefing with our analysts

Purified Terephthalic Acid (PTA) Market Development in 2019

  • In August 2019, Indorama Ventures Public Company Limited (IVL) announced the acquisition of Sinterama S.p.A, manufacturer of high performance colored yarns. This acquisition will help in enhancing the product portfolio of the company while increase the global reach across the globe.

Scope of the Purified Terephthalic Acid (PTA) Market

Purified terephthalic acid (PTA) market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Brazil, Argentina, Rest of South America as a part of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe in Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, South Korea, Indonesia, Philippines, Rest of Asia-Pacific (APAC) as a part of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel,  Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of the purified terephthalic acid (PTA) market is further analyzed based on maximum granularity into further segmentation. On the basis of end-use industry, the market is segmented into textile, home furnishing, bottling & packaging, and others. The applications covered for the report are polyester, polybutylene terephthalate, and plasticizers.  
  • Purified terephthalic acid (PTA) is a naturally produced organic product by the oxidation of paraxylene by the oxygen in the soil. It comes in visible white form, crystalline powder while used in various applications of polybutylene terephthalate, polyester, plasticizers, and others.

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Key Pointers Covered in the Purified Terephthalic Acid (PTA) Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Regulatory Framework and Changes
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • BP p.l.c.
  • PennWell Corporation
  • JBF Industries Ltd.
  • China Petrochemical Corporation.
  • Indorama Ventures Public Company Limited.
  • Alpek S.A.B. de C.V
  • Indian Oil Corporation Ltd.
  • Energi Mega Persada Tbk
  • Shahid Tondgooyan Petrochemical Co.
  • Oriental Petrochemical (Taiwan) Co., Ltd.
  • Petkim Petrokimya Holding A.Ş.
  • Zhejiang Hengyi Group Co.

Above are the key players covered in the report, to know about more and exhaustive list of Purified Terephthalic Acid (PTA) companies contact us

Research Methodology: Global Purified Terephthalic Acid (PTA) Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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