Global Purified Terephthalic Acid (PTA) Market Insights, Forecast to 2028

Purified Terephthalic Acid Market 

Purified terephthalic acid (PTA) is a raw material used in making high-performance multi-purpose plastics such as polybutyl terephthalate(PBT), polyethylene terephthalate(PET), and the new bioplastic that has been garnering attention in recent years, polytrimethylene terephthalate(PTT). Purified terephthalic acid (PTA) is made by causing a reaction between the secondary petroleum product paraxylene (PX) and acetic acid.

Due to the COVID-19 pandemic, the global Purified Terephthalic Acid (PTA) market size is estimated to be worth US$ 43620 million in 2022 and is forecast to a readjusted size of US$ 51780 million by 2028 with a CAGR of 2.9% during the review period.

Fully considering the economic change by this health crisis, Type 1 accounting for % of the Purified Terephthalic Acid (PTA) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.

While Polyester segment is altered to an % CAGR throughout this forecast period.

Based on region, the purified terephthalic acid market in South America is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased demand for purified terephthalic acid from PET grade resin producers in South America. Asia Pacific is the largest market for purified terephthalic acid. The rise in consumption of PET material bottles and the increase in demand for purified terephthalic acid from the packaging industry are key factors driving the growth of the Asia Pacific purified terephthalic acid market.

In terms of production side, this report researches the Purified Terephthalic Acid (PTA) capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Purified Terephthalic Acid (PTA) by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Purified Terephthalic Acid (PTA) market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Purified Terephthalic Acid (PTA) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

By Type

• Type 1
• Type 2

By Application

• Polyester
• Polybutylene Terephthalate (PBT)
• Plasticizers
• Others

By Company

• 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 Region

• North America
• US.
• Canada
• Europe
• Germany
• France
• UK.
• Italy
• Russia
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Australia
• Taiwan
• Indonesia
• Thailand
• Malaysia
• Philippines
• Vietnam
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• Turkey
• Saudi Arabia
• U.A.E