Global Purified Terephthalic Acid PTA Market Research Report 2023(Status and Outlook)

Global Purified Terephthalic Acid PTA Market Research Report 2023(Status and Outlook)

Report Overview

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.

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.

The Global Purified Terephthalic Acid PTA Market Size was estimated at USD 41140.00 million in 2022 and is projected to reach USD 50254.15 million by 2029, exhibiting a CAGR of 2.90% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Purified Terephthalic Acid PTA market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Purified Terephthalic Acid PTA Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Purified Terephthalic Acid PTA market in any manner.

Global Purified Terephthalic Acid PTA Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key 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

Market Segmentation (by Type)

Type 1

Type 2

Market Segmentation (by Application)

Oil and Gas

Industrial

Construction

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Purified Terephthalic Acid PTA Market

Overview of the regional outlook of the Purified Terephthalic Acid PTA Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors