Purified Terephthalic Acid

Global Purified Terephthalic Acid Market to Reach US$96.9 Billion by 2030

The global market for Purified Terephthalic Acid estimated at US$68.4 Billion in the year 2024, is expected to reach US$96.9 Billion by 2030, growing at a CAGR of 6.0% over the analysis period 2024-2030. Polyester, one of the segments analyzed in the report, is expected to record a 6.7% CAGR and reach US$49.5 Billion by the end of the analysis period. Growth in the Polybutylene Terephthalate (PBT) segment is estimated at 5.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$17.7 Billion While China is Forecast to Grow at 9.2% CAGR

The Purified Terephthalic Acid market in the U.S. is estimated at US$17.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.7 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.5% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Global Purified Terephthalic Acid Market - Key Trends and Drivers Summarized

Purified terephthalic acid (PTA) is a key raw material used primarily in the production of polyethylene terephthalate (PET), which is widely used in the manufacture of plastic bottles, polyester fibers, and resins. PTA is synthesized through the oxidation of para-xylene, followed by purification processes to achieve a high level of purity. The primary application of PTA is in the textile and packaging industries, where it serves as an essential component in the creation of polyester fibers and PET plastics. Polyester fibers are extensively used in the textile industry to produce fabrics for clothing, home furnishings, and industrial applications. PET plastics, known for their strength, flexibility, and recyclability, are predominantly used for packaging beverages, food products, and other consumer goods.

Technological advancements have significantly improved the production efficiency and environmental impact of PTA. Innovations in oxidation and purification processes have led to more efficient methods of converting para-xylene into high-purity PTA, reducing energy consumption and waste generation. The development of catalysts and process optimization techniques has further enhanced the yield and quality of PTA, making production more cost-effective and sustainable. Additionally, the integration of digital technologies and automation in PTA production facilities has streamlined operations, improved process control, and minimized downtime. These technological improvements have not only bolstered the competitiveness of PTA producers but have also supported the growing demand for sustainable and high-performance polyester products.

The growth in the purified terephthalic acid market is driven by several factors. The increasing demand for polyester fibers in the textile industry, driven by the rising popularity of synthetic fabrics and the growth of the fashion industry, has significantly boosted the need for PTA. Additionally, the expanding use of PET plastics in the packaging industry, particularly for beverages and food products, has further propelled market growth. Technological advancements in PTA production processes have enhanced efficiency and cost-effectiveness, supporting widespread adoption. The rising focus on sustainability and the circular economy has also contributed to market growth, as PTA is a crucial component in the recycling of PET plastics. Furthermore, the growing middle-class population and urbanization in emerging economies have led to increased consumption of packaged goods and textiles, driving demand for PTA. These factors, coupled with ongoing research and development efforts aimed at improving production processes and expanding applications, ensure the robust expansion and diversification of the purified terephthalic acid market.

SCOPE OF STUDY:

The report analyzes the Purified Terephthalic Acid market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Polyester, Polybutylene Terephthalate (PBT), Plasticizers, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 53 Featured) -

• Alpek S.A.B. de C.V.
• BP PLC
• China Petroleum & Chemical Corporation (SINOPEC)
• China Prosperity (Jiangyin) Petrochemical Co., Ltd.
• Eastman Chemical Company
• Hanwha Corporation
• Hengli Petrochemical Co
• Indian Oil Corporation Ltd.
• Indorama Ventures Public Company Limited
• LOTTE Chemical Corporation
• MCPI Private Limited
• Mitsubishi Chemical Corporation
• Oman International Petrochemical Industries Company L.L.C (OMPET)
• Oriental Petrochemical (Shanghai) Corporation
• Petkim Petrokimya Holding A.S.
• PKN ORLEN SA
• PT Energi Mega Persada Tbk
• Reliance Industries Ltd.
• SABIC (Saudi Basic Industries Corporation)
• Shahid Tondgooyan Petrochemical Company (STPC)
• Taekwang Industrial Co., Ltd.
• Zhejiang Hengyi Group Co., Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.