Purified Terephthalic Acid (PTA) is derived from crude oil, through chemical synthesis. Purified Terephthalic Acid (PTA) is majorly used in production of polyester resin which is used in the manufacture of polyester film, polyethylene terephthalate (PET) resin, and polyester fiber. Globally, development of efficient and advance technology, rising demand for polyester resin and Polyethylene Terephthalate (PET), growing textile, coating and packaging industries, and rising per capita consumption and the growing disposable income are the prime growth drivers of purified terephthalic acid market. In addition, increase in adoption of purified terephthalic acid for application in newer industrial verticals, and emerging economies such as China, India and others, will create new opportunities for purified terephthalic acid market. However, volatile prices and availability of raw materials, availability of substitute compounds, complex manufacturing process, and stringent government regulations and approval process are the key restraints for purified terephthalic acid market.
Geographically Asia Pacific dominated purified terephthalic acid market, followed by North America. Asia Pacific is projected to have fastest growth, owing to rapidly increasing population and disposable income along with the improved standard of living, rise in manufacturing industries, and growing textile and apparel industry in developing nations such as China, and India in this region. Among all the applications, polyester production segment has the highest market share in purified terephthalic acid market due to spur in production of polyester resin and Polyethylene Terephthalate (PET).
This report identifies the global purified terephthalic acid market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to global purified terephthalic acid market.
This report segments purified terephthalic acid market on the basis of manufacturing process, application, and regional market as follows:
- Purified Terephthalic Acid Market, By Manufacturing Process: Amoco Process, Cooxidation, Multistage Oxidation, and Henkel Process
- The report has focused study on purified terephthalic acid market by basis of application such as: Polyester Production, Cyclohexanedimethanol Production, Plasticisers, Liquid Crystal Polymers, Textiles, Bottling & Packaging, Furnishing, and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the purified terephthalic acid market. Some of the major companies’ profiles in detail are as follows:
- Samsung Petrochemical Co. Ltd.
- Sinopec Yizheng Chemical Fibre Company
- Mitsubishi Chemical Corporation
- Indian Oil Corporation
- Formosa Plastics Group