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Global Purified Terephthalic Acid (PTA) Market - Industry Trends and Forecast to 2029

Chemical and Materials | Upcoming Report | Jan 2022 | Global | 350 Pages | No of Tables: 60 | No of Figures: 220
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Global Purified Terephthalic Acid Pta Market

Market Size in USD Billion

CAGR :  %

2022 0
Forecast Period
2023 –0
Market Size(Base Year)
USD MILLION
Market Size (Forecast Year)
USD MILLION
CAGR
%
Major Markets Players
  • BP p.l.c.
  • JIANGYIN CHENGXING INDUSTRIAL GROUP CO.Ltd.
  • PennWell Corporation
  • JBF Industries Ltd.
  • Yatirim24.com

Global Purified Terephthalic Acid (PTA) Market, By Application (Polyester, Polybutylene Terephthalate, Plasticizers), End-Use Industry (Textile, Home furnishing, Bottling and Packaging, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029

Market Analysis and Insights Global Purified Terephthalic Acid (PTA) Market

The purified terephthalic acid (PTA) market is expected to witness market growth at a rate of 4.69% in the forecast period of 2022 to 2029. Data Bridge Market Research report on purified terephthalic acid (PTA) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of purified terephthalic acid (PTA) market.

Purified terephthalic acid (PTA) refers to a substance that is utilized in the manufacturing of polyester-coated resins for automotive components, coil coatings, industrial repair and general metal processing. The substance is used in coating of the parts of the automobile in the industry. The major benefits of purified terephthalic acid (PTA) include removing dirt, clay, and some oily stains form the surface.

The increase in demand for polyester fibers across the globe acts as one of the major factors driving the growth of purified terephthalic acid (PTA) market. The use in the development of PET material bottles, polyester resigns, and yarn amongst other commodities, and high demand for PET from the bottling and packaging industry accelerate the market growth. The increase in the demand for PET resins as it is used as an ingredient in beverage bottling, and food packaging, and rise in popularity of the product owning to its lightweight and waterproof characteristics further influence the market. Additionally, surge in investment, stringent regulations, rapid urbanization, and rise in demand for recyclable and sustainable products positively affect the purified terephthalic acid (PTA) market. Furthermore, rise in replacement of glass bottles for alcoholic beverages with PET bottles extends profitable opportunities to the market players in the forecast period of 2022 to 2029.

On the other hand, fluctuation in the prices of paraxylene and stringent regulations are expected to obstruct the market growth. The increase in demand for recycled PET is projected to challenge the purified terephthalic acid (PTA) market in the forecast period of 2022-2029.

This purified terephthalic acid (PTA) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on purified terephthalic acid (PTA) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Purified Terephthalic Acid (PTA) Market Scope and Market Size

The purified terephthalic acid (PTA) market is segmented on the basis of application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets. 

  • On the basis of application, the purified terephthalic acid (PTA) market is segmented into polyester, polybutylene terephthalate and plasticizers. Polyester on the basis of grade is further segmented into fiber and yarn grade, polybutylene terephthalate (PET) grade and film grade.
  • On the basis of end-user, the purified terephthalic acid (PTA) market is segmented into textile, home furnishing, bottling and packaging, and others.

Purified Terephthalic Acid (PTA) Market Country Level Analysis

The purified terephthalic acid (PTA) market is analyzed and market size, volume information is provided by country, application and end-user as referenced above.    

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

Asia-Pacific dominates the purified terephthalic acid (PTA) market due to the growth in food and beverages, packaging, and construction sectors within the region. Europe is expected to be the fastest growing market during the forecast period of 2022 to 2029 because of the increase in penetration of the packaged food industry in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Purified Terephthalic Acid (PTA) Market Share Analysis

The purified terephthalic acid (PTA) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to purified terephthalic acid (PTA) market.

Some of the major players operating in the purified terephthalic acid (PTA) market report are BP p.l.c., JIANGYIN CHENGXING INDUSTRIAL GROUP CO., LTD., 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.S., MCPI PRIVATE LIMITED, TAEKWAANG INDUSTRIAL CO., LTD., and Zhejiang Hengyi Group Co., among others.


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Table of Content

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY

1.2 MARKET DEFINITION

1.3 OVERVIEW OF GLOBAL PURIFIED TEREPHTHALIC ACID MARKET

1.4 CURRENCY AND PRICING

1.5 LIMITATION

1.6 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 KEY TAKEAWAYS

2.2 ARRIVING AT THE GLOBAL PURIFIED TEREPHTHALIC ACID MARKET SIZE

2.3 VENDOR POSITIONING GRID

2.4 MARKETS COVERED

2.5 GEOGRAPHIC SCOPE

2.6 YEARS CONSIDERED FOR THE STUDY

2.7 RESEARCH METHODOLOGY

2.8 TECHNOLOGY LIFE LINE CURVE

2.9 MULTIVARIATE MODELLING

2.1 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS

2.11 DBMR MARKET POSITION GRID

2.12 MARKET APPLICATION COVERAGE GRID

2.13 DBMR MARKET CHALLENGE MATRIX

2.14 SECONDARY SOURCES

2.15 GLOBAL PURIFIED TEREPHTHALIC ACID MARKET: RESEARCH SNAPSHOT

2.16 ASSUMPTIONS

3 MARKET OVERVIEW

3.1 DRIVERS

3.2 RESTRAINTS

3.3 OPPORTUNITIES

3.4 CHALLENGES

4 EXECUTIVE SUMMARY

5 PREMIUM INSIGHTS

5.1 PRODUCTION CONSUMPTION ANALYSIS

5.2 IMPORT EXPORT SCENARIO

5.3 RAW MATERIAL PRODUCTION COVERAGE

5.4 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS

5.5 LIST OF KEY BUYERS, BY REGION

5.5.1 NORTH AMERICA

5.5.2 EUROPE

5.5.3 ASIA PACIFIC

5.5.4 SOUTH AMERICA

5.5.5 MIDDLE EAST & AFRICA

5.6 PORTER’S FIVE FORCES

5.7 VENDOR SELECTION CRITERIA

5.8 PESTEL ANALYSIS

5.9 REGULATION COVERAGE

5.9.1 PRODUCT CODES

5.9.2 CERTIFIED STANDARDS

5.9.3 SAFETY STANDARDS

5.9.3.1. MATERIAL HANDLING & STORAGE

5.9.3.2. TRANSPORT & PRECAUTIONS

5.9.3.3. HAZARD IDENTIFICATION

6 SUPPLY CHAIN ANALYSIS

6.1 OVERVIEW

6.2 LOGISTIC COST SCENARIO

6.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS

7 CLIMATE CHANGE SCENARIO

7.1 ENVIRONMENTAL CONCERNS

7.2 INDUSTRY RESPONSE

7.3 GOVERNMENT’S ROLE

7.4 ANALYST RECOMMENDATIONS

8 IMPACT OF COVID-19 PANDEMIC ON GLOBAL PURIFIED TEREPHTHALIC ACID MARKET

8.1 ANALYSIS ON IMPACT OF COVID-19 ON THE MARKET

8.2 AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE MARKET

8.3 STRATEGIC DECISIONS FOR MANUFACTUERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE

8.4 PRICE IMPACT

8.5 IMPACT ON DEMAND

8.6 IMPACT ON SUPPLY CHAIN

8.7 CONCLUSION

9 GLOBAL PURIFIED TEREPHTHALIC ACID MARKET, BY APPLICATION, 2020-2029, (KILO TONS) (USD MILLION)

9.1 OVERVIEW

9.2 POLYETHYLENE TEREPHTHALATE

9.3 POLYBUTYLENE TEREPHTHALATE

9.4 PLASTICIZERS

10 GLOBAL PURIFIED TEREPHTHALIC ACID MARKET, BY END-USE, 2020-2029, (KILO TONS) (USD MILLION)

10.1 OVERVIEW

10.2 BOTTLING AND PACKAGING

10.3 AUTOMOTIVE

10.4 TEXTILE

10.5 HOME FURNISHING

10.6 ELECTRONICS & ELECTRICALS

10.7 HEALTHCARE

10.8 OTHERS

11 GLOBAL PURIFIED TEREPHTHALIC ACID MARKET, BY GEOGRAPHY, 2020-2029, (KILO TONS) (USD MILLION)

11.1 GLOBAL PURIFIED TEREPHTHALIC ACID MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)

11.2 NORTH AMERICA

11.2.1 U.S.

11.2.2 CANADA

11.2.3 MEXICO

11.3 EUROPE

11.3.1 GERMANY

11.3.2 U.K.

11.3.3 ITALY

11.3.4 FRANCE

11.3.5 SPAIN

11.3.6 RUSSIA

11.3.7 SWITZERLAND

11.3.8 TURKEY

11.3.9 BELGIUM

11.3.10 NETHERLANDS

11.3.11 LUXEMBURG

11.3.12 REST OF EUROPE

11.4 ASIA-PACIFIC

11.4.1 JAPAN

11.4.2 CHINA

11.4.3 SOUTH KOREA

11.4.4 INDIA

11.4.5 SINGAPORE

11.4.6 THAILAND

11.4.7 INDONESIA

11.4.8 MALAYSIA

11.4.9 PHILIPPINES

11.4.10 AUSTRALIA & NEW ZEALAND

11.4.11 REST OF ASIA-PACIFIC

11.5 SOUTH AMERICA

11.5.1 BRAZIL

11.5.2 ARGENTINA

11.5.3 REST OF SOUTH AMERICA

11.6 MIDDLE EAST AND AFRICA

11.6.1 SOUTH AFRICA

11.6.2 EGYPT

11.6.3 SAUDI ARABIA

11.6.4 UNITED ARAB EMIRATES

11.6.5 ISRAEL

11.6.6 REST OF MIDDLE EAST AND AFRICA

12 GLOBAL PURIFIED TEREPHTHALIC ACID MARKET, COMPANY LANDSCAPE

12.1 COMPANY SHARE ANALYSIS: GLOBAL

12.2 COMPANY SHARE ANALYSIS: NORTH AMERICA

12.3 COMPANY SHARE ANALYSIS: EUROPE

12.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC

12.5 MERGERS AND ACQUISITIONS

12.6 NEW PRODUCT DEVELOPMENT AND APPROVALS

12.7 EXPANSIONS

12.8 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS

13 SWOT AND DATA BRIDGE MARKET RESEARCH ANALYSIS

14 GLOBAL PURIFIED TEREPHTHALIC ACID MARKET - COMPANY PROFILES

14.1 MITSUBISHI CHEMICAL HOLDINGS

14.1.1 COMPANY SNAPSHOT

14.1.2 REVENUE ANALYSIS

14.1.3 PRODUCT PORTFOLIO

14.1.4 RECENT UPDATES

14.2 SINOPEC GROUP

14.2.1 COMPANY SNAPSHOT

14.2.2 REVENUE ANALYSIS

14.2.3 PRODUCT PORTFOLIO

14.2.4 RECENT UPDATES

14.3 EASTMAN CHEMICAL COMPANY

14.3.1 COMPANY SNAPSHOT

14.3.2 REVENUE ANALYSIS

14.3.3 PRODUCT PORTFOLIO

14.3.4 RECENT UPDATES

14.4 RELIANCE INDUSTRIES LIMITED

14.4.1 COMPANY SNAPSHOT

14.4.2 REVENUE ANALYSIS

14.4.3 PRODUCT PORTFOLIO

14.4.4 RECENT UPDATES

14.5 HALDIA PETROCHEMICALS

14.5.1 COMPANY SNAPSHOT

14.5.2 REVENUE ANALYSIS

14.5.3 PRODUCT PORTFOLIO

14.5.4 RECENT UPDATES

14.6 INDORAMA VENTURES PUBLIC COMPANY

14.6.1 COMPANY SNAPSHOT

14.6.2 REVENUE ANALYSIS

14.6.3 PRODUCT PORTFOLIO

14.6.4 RECENT UPDATES

14.7 SABIC

14.7.1 COMPANY SNAPSHOT

14.7.2 REVENUE ANALYSIS

14.7.3 PRODUCT PORTFOLIO

14.7.4 RECENT UPDATES

14.8 ALPEK S.A.B. DE C.V.

14.8.1 COMPANY SNAPSHOT

14.8.2 REVENUE ANALYSIS

14.8.3 PRODUCT PORTFOLIO

14.8.4 RECENT UPDATES

14.9 INDIAL OIL CORPORATION LTD.

14.9.1 COMPANY SNAPSHOT

14.9.2 REVENUE ANALYSIS

14.9.3 PRODUCT PORTFOLIO

14.9.4 RECENT UPDATES

14.1 LOTTE CHEMICAL CORPORATION

14.10.1 COMPANY SNAPSHOT

14.10.2 REVENUE ANALYSIS

14.10.3 PRODUCT PORTFOLIO

14.10.4 RECENT UPDATES

14.11 PETKIM PETROKIMYA HOLDING A.Ş.

14.11.1 COMPANY SNAPSHOT

14.11.2 REVENUE ANALYSIS

14.11.3 PRODUCT PORTFOLIO

14.11.4 RECENT UPDATES

14.12 JBF PETROCHEMICALS LTD.

14.12.1 COMPANY SNAPSHOT

14.12.2 REVENUE ANALYSIS

14.12.3 PRODUCT PORTFOLIO

14.12.4 RECENT UPDATES

14.13 JIAXING PETROCHEMICAL CO., LTD.

14.13.1 COMPANY SNAPSHOT

14.13.2 REVENUE ANALYSIS

14.13.3 PRODUCT PORTFOLIO

14.13.4 RECENT UPDATES

14.14 MCPI PRIVATE LIMITED

14.14.1 COMPANY SNAPSHOT

14.14.2 REVENUE ANALYSIS

14.14.3 PRODUCT PORTFOLIO

14.14.4 RECENT UPDATES

14.15 JIAXING PETROCHEMICAL CO., LTD.

14.15.1 COMPANY SNAPSHOT

14.15.2 REVENUE ANALYSIS

14.15.3 PRODUCT PORTFOLIO

14.15.4 RECENT UPDATES

14.16 MCPI PRIVATE LIMITED

14.16.1 COMPANY SNAPSHOT

14.16.2 REVENUE ANALYSIS

14.16.3 PRODUCT PORTFOLIO

14.16.4 RECENT UPDATES

14.17 CHINA PROSPERITY (JIANGYIN) PETROCHEMICAL CO. LTD.

14.17.1 COMPANY SNAPSHOT

14.17.2 REVENUE ANALYSIS

14.17.3 PRODUCT PORTFOLIO

14.17.4 RECENT UPDATES

14.18 HANWHA GENERAL CHEMICAL CO., LTD.

14.18.1 COMPANY SNAPSHOT

14.18.2 REVENUE ANALYSIS

14.18.3 PRODUCT PORTFOLIO

14.18.4 RECENT UPDATES

14.19 HENGLI PETROCHEMICAL CO., LTD.

14.19.1 COMPANY SNAPSHOT

14.19.2 REVENUE ANALYSIS

14.19.3 PRODUCT PORTFOLIO

14.19.4 RECENT UPDATES

14.2 ORIENTAL PETROCHEMICAL (TAIWAN) CO., LTD.

14.20.1 COMPANY SNAPSHOT

14.20.2 REVENUE ANALYSIS

14.20.3 PRODUCT PORTFOLIO

14.20.4 RECENT UPDATES

14.21 SHAHID TONDGOOYAN PETROCHEMICAL COMPANY

14.21.1 COMPANY SNAPSHOT

14.21.2 REVENUE ANALYSIS

14.21.3 PRODUCT PORTFOLIO

14.21.4 RECENT UPDATES

14.22 PKN ORLEN S.A.

14.22.1 COMPANY SNAPSHOT

14.22.2 REVENUE ANALYSIS

14.22.3 PRODUCT PORTFOLIO

14.22.4 RECENT UPDATES

14.23 PT ENERGI MEGA PERSADA

14.23.1 COMPANY SNAPSHOT

14.23.2 REVENUE ANALYSIS

14.23.3 PRODUCT PORTFOLIO

14.23.4 RECENT UPDATES

14.24 TAEKWANG INDUSTRIAL CO., LTD.

14.24.1 COMPANY SNAPSHOT

14.24.2 REVENUE ANALYSIS

14.24.3 PRODUCT PORTFOLIO

14.24.4 RECENT UPDATES

NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST

15 RELATED REPORTS

16 QUESTIONNAIRE

17 CONCLUSION

18 ABOUT DATA BRIDGE MARKET RESEARCH

Global Purified Terephthalic Acid Pta Market, Supply Chain Analysis and Ecosystem Framework

To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Purified Terephthalic Acid Pta Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Purified Terephthalic Acid Pta Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. 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 drop down your inquiry.

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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, 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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