Purified Terephthalic Acid (PTA) Market Outlook and Worldwide Forecast to 2025

Rising demand for purified terephthalic acid (PTA) in polyester powder coating resins, PET resins and unsaturated polyester resins for fiberglass-reinforced plastic is expected to augment industry expansion over the forecast period.

The Global Purified Terephthalic Acid (PTA) Market is expected to reach USD 110.66 billion by 2025, according to a new report by Grand View Research, Inc.

Growing consumption of the product owing to its superior properties including excellent weathering, good chemical and stain resistance, good hardness, flexibility and glass transition temperature range is projected to propel industry expansion. Rising consumption of the product in home furnishing and bottling is expected to stimulate industry growth.

Increasing demand for the PTA films in construction and commercial industries owing its superior tensile strength, good dimensional stability, high optical clarity, less moisture absorption, and excellent electrical properties is expected to spur industry size.

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Polyester fiber was the dominant segment and accounted 63.2% of the overall volume share in 2016 and is expected to witness substantial growth as a result of increasing usage in apparel, carpets, carpets, curtains, nets, and ropes. Rising demand for polyester in textile owing to its high tenacity and durability will augment industry expansion over the forecast period.

Top Players of Purified Terephthalic Acid (PTA) Market:

Key players include Sinopec Yizheng Chemical Fibre Company, Reliance Industries Limited, DuPont, Honam Petrochemical Corporation, BP, Eastman Chemical Company, Indian Oil Corporation, Formosa Plastics Group, and SABIC.

Market Segmentation of Purified Terephthalic Acid (PTA) Market:

The Global Purified Terephthalic Acid (PTA) Market Segmented on the basis of Application and End-Use.

By Application:

    PET resins
    Polyester fiber
    Films

By End Use:

    Textile
    Bottling & packaging
    Home furnishing

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