Purified Terephthalic Acid (PTA) Market - Global Industry Analysis

Purified Terephthalic Acid (PTA) Market by Application (Polyester, Polybutylene Terephthalate, Plasticizers, Industrial Machinery, Powder Coatings, and Insulation Materials): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Published Date: 22-Nov-2018 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-3541 Status : Published

Global purified terephthalic acid (PTA) market expected to reach USD 64.63 billion by 2024, growing at a CAGR of 5.0% between 2018 and 2024. Purified terephthalic acid has a number of versatile properties and is used in a wide range of applications globally.

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Description

Purified Terephthalic Acid (PTA) Market: Industry Perspective

The report covers forecast and analysis for the purified terephthalic acid (PTA) market on a global, and regional level. The study provides historical information for 2015, 2016, and 2017 with a forecast from 2018 to 2024 based on both volume (Kilotons) and revenue (USD Billion). The complete study covers the key drivers and restraints for the purified terephthalic acid (PTA) market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the purified terephthalic acid (PTA) market on a global level.

In order to offer the users of this report, a comprehensive read on the purified terephthalic acid (PTA) market, we have enclosed the detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the purified terephthalic acid (PTA) market has additionally been enclosed within the study. The study includes a market attractiveness analysis, where all the segments are benchmarked to support their market size, rate, and general attractiveness.

Global Purified Terephthalic Acid (PTA) Market

The study also includes the market share of the key participants operating in the purified terephthalic acid (PTA) market across the globe. Besides, the report covered strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of key players within the market on a regional basis.

The study provides a crucial view of the purified terephthalic acid (PTA) market by dividing the market based on its segmentation. The segmentation includes application and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. By application, the global purified terephthalic acid (PTA) market included in this study is polyester, polybutylene terephthalate, plasticizers, industrial machinery, powder coatings, and insulation materials. Additionally, the regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. The regions are further segmented on the basis of countries, which include the UK, the U.S., China, Japan, France, Canada, Italy, and Brazil, among others.

The study provides exhaustive company profiles of the worldwide market along with an in-depth description of players. Some of the key manufacturers included in the study are Reliance Industries Limited, Amoco Chemicals, The Dow Chemical Company, Alpek S.A.B. de C.V., Eastman Chemical Company, SABIC, Synthetic Fiber Co., Ltd., The E. I. du Pont de Nemours and Company, BP plc, Mitsubishi Chemical Corporation, Indian Oil Corporation Ltd., and China Petroleum & Chemical Corporation, among others.

This report segments the global purified terephthalic acid (PTA) market as follows:

Global Purified Terephthalic Acid (PTA) Market: Application Analysis

Polyester
Polybutylene Terephthalate
Plasticizers
Industrial Machinery
Powder Coatings
Insulation Materials

Global Purified Terephthalic Acid (PTA) Market: Regional Analysis

North America
- The U.S.
Europe
- UK
- France
- Germany
Asia Pacific
- China
- Japan
- India
Latin America
- Brazil
The Middle East and Africa

Table Of Content

Chapter 1. Preface
- 1.1. Report Description
  - 1.1.1. Objective
  - 1.1.2. Target Audience
  - 1.1.3. Unique Selling Proposition (USP) & Offerings
- 1.2. Research Scope
- 1.3. Research Methodology
  - 1.3.1. Market research process
  - 1.3.2. Market research methodology
  - 1.3.3. Level 1: Primary Research
  - 1.3.4. Level 2: Secondary Research
  - 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report description and scope
Chapter 2. Executive Summary
- 2.1. Global Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (Kilotons) (USD Billion)
- 2.2. Purified Terephthalic Acid: Market Snapshot
Chapter 3. Purified Terephthalic Acid (PTA) Market: Industry Analysis
- 3.1. Purified Terephthalic Acid: Market Dynamics
  - 3.1.1. Introduction
  - 3.1.2. Classification of functional fluids market
- 3.2. Value Chain Analysis
  - 3.2.1. Purified Terephthalic Acid: Value Chain Analysis
- 3.3. Market Drivers
  - 3.3.1. Growing demand for polyester fibers
  - 3.3.2. Increasing demand for purified terephthalic acid (PTA) in the emerging countries
- 3.4. Restraints
  - 3.4.1. Fluctuating prices of raw materials
  - 3.4.2. Stringent regulations
- 3.5. Opportunity
  - 3.5.1. Rapid industrialization in emerging economies
- 3.6. Porter's Five Forces Analysis
- 3.7. Market Attractiveness Analysis
  - 3.7.1. Market attractiveness analysis by application
  - 3.7.2. Market attractiveness analysis by region
Chapter 4. Global Purified Terephthalic Acid (PTA) Market: Value Chain Analysis
- 4.1. Purified Terephthalic Acid (PTA): Value Chain Analysis
- 4.2. Purified Terephthalic Acid (PTA) Raw Material Analysis
  - 4.2.1. List of Raw Materials
  - 4.2.2. Purified Terephthalic Acid (PTA) Raw Material Manufacturers List
  - 4.2.3. Price Trends of Purified Terephthalic Acid (PTA) Key Raw Materials
- 4.3. List of Potential Buyers
- 4.4. Marketing Channel
  - 4.4.1. Direct Marketing
  - 4.4.2. Indirect Marketing
  - 4.4.3. Marketing Channel Development Trend
Chapter 5. Global Purified Terephthalic Acid (PTA) Market: Competitive Landscape
- 5.1. Company Market Share Analysis
  - 5.1.1. Global Purified Terephthalic Acid (PTA) Market: Company Market Share, 2017
- 5.2. Strategic Development
  - 5.2.1. Acquisitions & Mergers
  - 5.2.2. New Product Launch
  - 5.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
  - 5.2.4. Research and Development, Product and Regional Expansion
- 5.3. Type Portfolio
Chapter 6. Global Purified Terephthalic Acid (PTA) Market: Application Overview
- 6.1. Global Purified Terephthalic Acid (PTA) Market Share, by Application, 2017 and 2024
- 6.2. Polyester
  - 6.2.1. Overview
  - 6.2.2. Global Purified Terephthalic Acid (PTA) Market for Polyester, 2015 - 2024 (Kilotons)(USD Billion)
- 6.3. Polybutylene Terephthalate
  - 6.3.1. Overview
  - 6.3.2. Global Purified Terephthalic Acid (PTA) Market for Polybutylene Terephthalate, 2015 - 2024 (Kilotons)(USD Billion)
- 6.4. Plasticizers
  - 6.4.1. Overview
  - 6.4.2. Global Purified Terephthalic Acid (PTA) Market for Plasticizers, 2015 - 2024 (Kilotons)(USD Billion)
- 6.5. Industrial Machinery
  - 6.5.1. Overview
  - 6.5.2. Global Purified Terephthalic Acid (PTA) Market for Industrial Machinery, 2015 - 2024 (Kilotons)(USD Billion)
- 6.6. Powder Coatings
  - 6.6.1. Overview
  - 6.6.2. Global Purified Terephthalic Acid (PTA) Market for Powder Coatings, 2015 - 2024 (Kilotons)(USD Billion)
- 6.7. Insulation Materials
  - 6.7.1. Overview
  - 6.7.2. Global Purified Terephthalic Acid (PTA) Market for Insulation Materials, 2015 - 2024 (Kilotons)(USD Billion)
Chapter 7. Global Purified Terephthalic Acid (PTA) Market: Regional Analysis
- 7.1. Global Purified Terephthalic Acid (PTA) Market: Regional overview
  - 7.1.1. Global Purified Terephthalic Acid (PTA) Market Share, by Region, 2014 and 2022
- 7.2. North America
  - 7.2.1. Overview
  - 7.2.2. North America Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
  - 7.2.3. North America Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
  - 7.2.4. The U.S.
    - 7.2.4.1. The U.S. Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
    - 7.2.4.2. The U.S. Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
  - 7.2.5. Rest of North America
    - 7.2.5.1. Rest of North America Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
    - 7.2.5.2. Rest of North America Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
- 7.3. Europe
  - 7.3.1. Overview
  - 7.3.2. Europe Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
  - 7.3.3. Europe Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
  - 7.3.4. UK
    - 7.3.4.1. UK Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
    - 7.3.4.2. UK Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
  - 7.3.5. France
    - 7.3.5.1. France Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
    - 7.3.5.2. France Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
  - 7.3.6. Germany
    - 7.3.6.1. Germany Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
    - 7.3.6.2. Germany Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
  - 7.3.7. Rest of Europe
    - 7.3.7.1. Rest of Europe Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
    - 7.3.7.2. Rest of Europe Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
- 7.4. Asia Pacific
  - 7.4.1. Overview
  - 7.4.2. Asia Pacific Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
  - 7.4.3. Asia Pacific Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
  - 7.4.4. China
    - 7.4.4.1. China Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
    - 7.4.4.2. China Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
  - 7.4.5. Japan
    - 7.4.5.1. Japan Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
    - 7.4.5.2. Japan Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
    - 7.4.6. India
    - 7.4.6.1. India Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
    - 7.4.6.2. India Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
  - 7.4.7. Rest of Asia Pacific
    - 7.4.7.1. Rest of Asia Pacific Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
    - 7.4.7.2. Rest of Asia Pacific Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
- 7.5. Latin America
  - 7.5.1. Latin America Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
  - 7.5.2. Latin America Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
  - 7.5.3. Brazil
    - 7.5.3.1. Brazil Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
    - 7.5.3.2. Brazil Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
  - 7.5.4. Rest of Latin America
    - 7.5.4.1. Rest of Latin America Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
    - 7.5.4.2. Rest of Latin America Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
- 7.6. The Middle East & Africa
  - 7.6.1. The Middle East & Africa Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
  - 7.6.2. The Middle East & Africa Purified Terephthalic Acid (PTA) Market Revenue, byApplication, 2015 - 2024 (USD Billion)
Chapter 8. Company Profiles
- 8.1. Reliance Industries Limited
  - 8.1.1. Overview
  - 8.1.2. Financials
  - 8.1.3. Product Portfolio
  - 8.1.4. Business Strategy
  - 8.1.5. Recent Developments
- 8.2. Amoco Chemicals
  - 8.2.1. Overview
  - 8.2.2. Financials
  - 8.2.3. Product Portfolio
  - 8.2.4. Business Strategy
  - 8.2.5. Recent Developments
- 8.3. The Dow Chemical Company
  - 8.3.1. Overview
  - 8.3.2. Financials
  - 8.3.3. Product Portfolio
  - 8.3.4. Business Strategy
  - 8.3.5. Recent Developments
- 8.4. Alpek S.A.B. de C.V.
  - 8.4.1. Overview
  - 8.4.2. Financials
  - 8.4.3. Product Portfolio
  - 8.4.4. Business Strategy
  - 8.4.5. Recent Developments
- 8.5. The E. I. du Pont de Nemours and Company
  - 8.5.1. Overview
  - 8.5.2. Financials
  - 8.5.3. Product Portfolio
  - 8.5.4. Business Strategy
  - 8.5.5. Recent Developments
- 8.6. BP Plc
  - 8.6.1. Overview
  - 8.6.2. Financials
  - 8.6.3. Product Portfolio
  - 8.6.4. Business Strategy
  - 8.6.5. Recent Developments
- 8.7. SABIC
  - 8.7.1. Overview
  - 8.7.2. Financials
  - 8.7.3. Product Portfolio
  - 8.7.4. Business Strategy
  - 8.7.5. Recent Developments
- 8.8. Eastman Chemical Company
  - 8.8.1. Overview
  - 8.8.2. Financials
  - 8.8.3. Product Portfolio
  - 8.8.4. Business Strategy
  - 8.8.5. Recent Developments
- 8.9. Synthetic Fiber Co., Ltd.
  - 8.9.1. Overview
  - 8.9.2. Financials
  - 8.9.3. Product Portfolio
  - 8.9.4. Business Strategy
  - 8.9.5. Recent Developments
- 8.10. Mitsubishi Chemical Corporation
  - 8.10.1. Overview
  - 8.10.2. Financials
  - 8.10.3. Product Portfolio
  - 8.10.4. Business Strategy
  - 8.10.5. Recent Developments
- 8.11. China Petroleum & Chemical Corporation
  - 8.11.1. Overview
  - 8.11.2. Financials
  - 8.11.3. Product Portfolio
  - 8.11.4. Business Strategy
  - 8.11.5. Recent Developments
- 8.12. Indian Oil Corporation Ltd.
  - 8.12.1. Overview
  - 8.12.2. Financials
  - 8.12.3. Product Portfolio
  - 8.12.4. Business Strategy
  - 8.12.5. Recent Developments

Table Of Figures

List of Figures

1. Global Purified Terephthalic Acid (PTA) Market Segmentation by Application and Region
2. Global Purified Terephthalic Acid (PTA) Market,2015 - 2024 (Kilotons)(USD Billion)
3. Value Chain Analysis: Purified Terephthalic Acid (PTA) Market
4. Porter’s Five Forces Analysis: Purified Terephthalic Acid (PTA) Market
5. Market Attractiveness Analysis by Application
6. Market Attractiveness Analysis by Region
7. Global Purified Terephthalic Acid (PTA) Market: Company Market Share, 2014
8. Global Purified Terephthalic Acid (PTA) Market Share, by Application, 2015 -2024
9. Global Purified Terephthalic Acid (PTA) Market for Polyester, 2015 - 2024 (Kilotons)(USD Billion)
10. Global Purified Terephthalic Acid (PTA) Market for Polybutylene Terephthalate, 2015 - 2024 (Kilotons)(USD Billion)
11. Global Purified Terephthalic Acid (PTA) Market for Plasticizers, 2015 - 2024 (Kilotons)(USD Billion)
12. Global Purified Terephthalic Acid (PTA) Market for Industrial Machinery, 2015 - 2024 (Kilotons) (USD Billion)
13. Global Purified Terephthalic Acid (PTA) Market for Powder Coatings, 2015 - 2024 (Kilotons) (USD Billion)
14. Global Purified Terephthalic Acid (PTA) Market for Insulation Materials, 2015 - 2024 (Kilotons) (USD Billion)
15. Global Purified Terephthalic Acid (PTA) Market Share, by Region, 2015 - 2024
16. North America Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (USD Billion) (Kilotons)
17. The U.S. Purified Terephthalic Acid (PTA) Market,2015 - 2024, (USD Billion) (Kilotons)
18. Rest of North America Purified Terephthalic Acid (PTA) Market,2015 - 2024, (USD Billion) (Kilotons)
19. Europe Purified Terephthalic Acid (PTA) Market,2015 - 2024, (USD Billion) (Kilotons)
20. UK Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (USD Billion) (Kilotons)
21. France Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (USD Billion) (Kilotons)
22. Germany Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (USD Billion) (Kilotons)
23. Rest of Europe Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (USD Billion) (Kilotons)
24. Asia Pacific Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (USD Billion) (Kilotons)
25. China Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (USD Billion) (Kilotons)
26. Japan Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (USD Billion) (Kilotons)
27. India Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (USD Billion) (Kilotons)
28. Rest of Asia Pacific Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (USD Billion) (Kilotons)
29. Latin America Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (USD Billion) (Kilotons)
30. Brazil Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (USD Billion) (Kilotons)
31. Rest of Latin America Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (USD Billion) (Kilotons)
32. The Middle East & Africa Purified Terephthalic Acid (PTA) Market, 2015 - 2024, (USD Billion) (Kilotons)

Table Of Tables

List of Tables

1. Global Purified Terephthalic Acid (PTA) Market Snapshot
2. Drivers for Purified Terephthalic Acid (PTA) Market: Impact Analysis
3. Restraints of Purified Terephthalic Acid (PTA) Market: Impact Analysis
4. North America Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
5. North America Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
6. The U.S. Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
7. The U.S. Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
8. Rest of North America Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
9. Rest of North America Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
10. Europe Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
11. Europe Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
12. UK Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
13. UK Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
14. France Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
15. France Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
16. Germany Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
17. Germany Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
18. Rest of Europe Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
19. Rest of Europe Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
20. Asia Pacific Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
21. Asia Pacific Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
22. China Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
23. China Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
24. Japan Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
25. Japan Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 ((USD Billion)
26. India Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
27. India Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
28. Rest of Asia Pacific Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
29. Rest of Asia Pacific Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
30. Latin America Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
31. Latin America Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
32. Brazil Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (Kilotons)
33. Brazil Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
34. Rest of Latin America Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
35. Rest of Latin America Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)
36. The Middle East & Africa Purified Terephthalic Acid (PTA) Market Volume, by Application, 2015 - 2024 (Kilotons)
37. The Middle East & Africa Purified Terephthalic Acid (PTA) Market Revenue, by Application, 2015 - 2024 (USD Billion)

Methodology

Free Analysis

Purified terephthalic acid or PTA is a crystalline organic compound with a slight acidic odor. PTA boasts of several beneficial properties, such as good chemical and stain resistance, excellent weathering and hardness, flexibility, and glass transition temperature range, among others. PTA is a raw material used for making high-performance plastics, such as polyethylene terephthalate or PET and polybutyl terephthalate or PBT. It is also used as a raw material to manufacture polyester, for making plastic bottles and clothing. PTA is produced by the reaction between paraxylene or PX and acetic acid.

The purified terephthalic acid (PTA) market is likely to record notable growth in the forecast time period, due to the increasing demand for unsaturated polyester resins, polyester powder coating resins and polyethylene terephthalate for fiberglass-reinforced plastic. The growing demand for polyethylene terephthalate is likely to positively impact the purified terephthalic acid (PTA) market globally. However, volatile crude oil prices are likely to affect the purified terephthalic acid market growth globally. Additionally, stringent government regulations are estimated to negatively influence the use of bio-based PET, thereby, hindering the purified terephthalic acid (PTA) market. The rising construction activities in both developed and developing nations have increased use of paints and coatings, which is likely to boost the purified terephthalic acid (PTA) market demand. Furthermore, the surge in the popularity of PET bottles instead of glass bottles for beverages is predicted to fuel the purified terephthalic acid (PTA) market in the upcoming years.

Global Purified Terephthalic Acid (PTA) Market

The purified terephthalic acid (PTA) market is segmented on the basis of application, which includes: polyester, polybutylene terephthalate, plasticizers, industrial machinery, powder coatings, and insulation materials. Increasing usage of purified terephthalic acid-based polyester fiber due to its high chemical and wrinkle resistance, quick drying, and high strength has resulted in the growth of the purified terephthalic acid (PTA) market. Additionally, rising government spending along with developing coating, textile, and packaging industries are further projected to boost the demand for polyester purified terephthalic acid in various applications, thereby, propelling the global purified terephthalic acid (PTA) market growth.

Geographically, the purified terephthalic acid (PTA) market is segmented into the Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific accounted for the largest market share during the 2016 and is likely to continue its dominance in the purified terephthalic acid (PTA) market for the next few years. This regional market witnessed a high demand for PTA or purified terephthalic acid, due to the growing demand for PET material bottles along with the increased application of PET from the bottling and packaging industries. Growing chemical industries in the developing countries of Asia Pacific, such as China and India, are further expected to fuel the demand for purified terephthalic acid, which is used to produce several chemical intermediates, such as cyclohexane dimethanol, polytrimethylene terephthalate, and liquid crystal polymers.

The key manufacturers involved in the global purified terephthalic acid (PTA) market are Reliance Industries Limited, Amoco Chemicals, The Dow Chemical Company, Alpek S.A.B. de C.V., Eastman Chemical Company, SABIC, Synthetic Fiber Co., Ltd., The E. I. du Pont de Nemours and Company, BP plc, Mitsubishi Chemical Corporation, Indian Oil Corporation Ltd., and China Petroleum & Chemical Corporation, among others.