PUBLISHER: IMARC | PRODUCT CODE: 1347584
PUBLISHER: IMARC | PRODUCT CODE: 1347584
Purified Terephthalic Acid (PTA) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global purified terephthalic acid (PTA) market size reached US$ 87.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 119.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.19% during 2023-2028.
Purified terephthalic acid (PTA) is an organic compound produced by a reaction between the secondary petroleum product paraxylene (PX) and acetic acid. It is widely utilized in the manufacturing of man-made polyester fabrics, which find extensive usage in sportswear, swimsuits, dresses, trousers, curtains, sofa covers, jackets, car seat covers, and bedsheets. In addition to this, as it exhibits excellent weathering, hardness, flexibility, chemical and stain resistance, and powder flow and fluidization characteristics, PTA is gaining traction across the globe for formulating general metal, appliance, industrial maintenance, and coil coatings.
Purified Terephthalic Acid (PTA) Market Trends:
The boosting sales of on-the-go bottled beverages on account of the hectic lifestyles of working professionals, inflating per capita income, rapid urbanization, and changing consumption patterns of individuals represent one of the key factors impelling the market growth. Apart from this, PTA is used in the manufacturing of light-colored, high-strength, and solvent-free adhesives, which find extensive applications to bond metal, wood, paper, and synthetics in shoe fabrication, lamination, and automotive sub-assembly. It is further utilized in the production of recording tapes, tire cord, cyclohexanedimethanol (CHDM), terephthaloyl chloride (TCL), co-polyester-ether elastomers, plasticizers, and liquid crystal. Moreover, PTA is employed in the pharmaceutical industry as a raw material for several drugs that help treat chronic and acute diseases, such as peptic ulcers, reflux esophagitis and gastroesophageal reflux disease (GERD). This, in confluence with the escalating need for prescribed drugs due to the increasing prevalence of chronic medical ailments, is contributing to the market growth. Besides this, several leading players operating in the market are focusing on collaborations and partnerships with other organizations to reduce costs and improve product quality, which is anticipated to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global purified terephthalic acid (PTA) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on application and end user.
Breakup by Application:
Polyester
Fiber and Yarn Grade
Polybutylene Terephthalate (PET) Grade
Film Grade
Polybutylene Terephthalate (PBT)
Plasticizers
Others
Breakup by End User:
Textile
Bottling and Packaging
Home Furnishing
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.) and Sinopec.
Key Questions Answered in This Report
- 1. How big is the global Purified Terephthalic Acid (PTA) market?
- 2. What is the expected growth rate of the global Purified Terephthalic Acid (PTA) market during 2023-2028?
- 3. What are the key factors driving the global Purified Terephthalic Acid (PTA) market?
- 4. What has been the impact of COVID-19 on the global Purified Terephthalic Acid (PTA) market?
- 5. What is the breakup of the global Purified Terephthalic Acid (PTA) market based on the application?
- 6. What is the breakup of the global Purified Terephthalic Acid (PTA) market based on the end user?
- 7. What are the key regions in the global Purified Terephthalic Acid (PTA) market?
- 8. Who are the key players/companies in the global Purified Terephthalic Acid (PTA) market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Purified Terephthalic Acid (PTA) Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Application
- 6.1 Polyester
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Fiber and Yarn Grade
- 6.1.2.2 Polybutylene Terephthalate (PET) Grade
- 6.1.2.3 Film Grade
- 6.1.3 Market Forecast
- 6.2 Polybutylene Terephthalate (PBT)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Plasticizers
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by End User
- 7.1 Textile
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Bottling and Packaging
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Home Furnishing
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Alpek S.A.B. de C.V.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.2 Eastman Chemical Company
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Far Eastern New Century Corporation
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.4 Formosa Chemicals & Fibre Corp.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 HANWA Co. Ltd.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.6 Indian Oil Corporation Limited
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Indorama Ventures Public Company Limited
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.8 Jiangyin Chengxing Industrial Group Co. Ltd.
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 LOTTE Chemical Corporation
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 Mitsubishi Chemical Corporation
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11 Reliance Industries Limited
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.11.4 SWOT Analysis
- 13.3.12 Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 Financials
- 13.3.12.4 SWOT Analysis
- 13.3.13 Sinopec
- 13.3.13.1 Company Overview
- 13.3.13.2 Product Portfolio
- 13.3.13.3 Financials
- 13.3.13.4 SWOT Analysis
- 13.3.1 Alpek S.A.B. de C.V.
List of Figures
- Figure 1: Global: Purified Terephthalic Acid Market: Major Drivers and Challenges
- Figure 2: Global: Purified Terephthalic Acid Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Purified Terephthalic Acid Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Purified Terephthalic Acid Market: Breakup by Application (in %), 2022
- Figure 5: Global: Purified Terephthalic Acid Market: Breakup by End User (in %), 2022
- Figure 6: Global: Purified Terephthalic Acid Market: Breakup by Region (in %), 2022
- Figure 7: Global: Purified Terephthalic Acid (Polyester) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Purified Terephthalic Acid (Polyester) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Purified Terephthalic Acid (Polybutylene Terephthalate (PBT)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Purified Terephthalic Acid (Polybutylene Terephthalate (PBT)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Purified Terephthalic Acid (Plasticizers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Purified Terephthalic Acid (Plasticizers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Purified Terephthalic Acid (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Purified Terephthalic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Purified Terephthalic Acid (Textile) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Purified Terephthalic Acid (Textile) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Purified Terephthalic Acid (Bottling and Packaging) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Purified Terephthalic Acid (Bottling and Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Purified Terephthalic Acid (Home Furnishing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Purified Terephthalic Acid (Home Furnishing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Purified Terephthalic Acid (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Purified Terephthalic Acid (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: North America: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: North America: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: United States: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: United States: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Canada: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Canada: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Asia-Pacific: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Asia-Pacific: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: China: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: China: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Japan: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Japan: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: India: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: India: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: South Korea: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: South Korea: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Australia: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Australia: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Indonesia: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Indonesia: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Others: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Others: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Europe: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Europe: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Germany: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Germany: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: France: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: France: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: United Kingdom: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: United Kingdom: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Italy: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Italy: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Spain: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Spain: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Russia: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Russia: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Others: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Others: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Latin America: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Latin America: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Brazil: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Brazil: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Mexico: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Mexico: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Others: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Others: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Middle East and Africa: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Middle East and Africa: Purified Terephthalic Acid Market: Breakup by Country (in %), 2022
- Figure 71: Middle East and Africa: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Global: Purified Terephthalic Acid Industry: SWOT Analysis
- Figure 73: Global: Purified Terephthalic Acid Industry: Value Chain Analysis
- Figure 74: Global: Purified Terephthalic Acid Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Purified Terephthalic Acid Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Purified Terephthalic Acid Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 3: Global: Purified Terephthalic Acid Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 4: Global: Purified Terephthalic Acid Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Purified Terephthalic Acid Market: Competitive Structure
- Table 6: Global: Purified Terephthalic Acid Market: Key Players
