Global Dimethyl Terephthalate Market 2024-2028
The dimethyl terephthalate market is forecasted to grow by USD 257.56 mn during 2023-2028, accelerating at a CAGR of 4.75% during the forecast period. The report on the dimethyl terephthalate market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by emergence of bio-based DMT and its production, growing shift toward sustainable packaging solutions, and increasing adoption of digitalization and Industry 4.0 practices.
Technavio's dimethyl terephthalate market is segmented as below:
By Application
- Polyethylene terephthalate
- Polybutylene terephthalate
By Type
- Flake (solid) DMT
- Liquid DMT
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the advancements in enzymatic catalysis as one of the prime reasons driving the dimethyl terephthalate market growth during the next few years. Also, expansion of pet recycling infrastructure and growing investments and collaborations related to DMT production will lead to sizable demand in the market.
The report on the dimethyl terephthalate market covers the following areas:
- Dimethyl terephthalate market sizing
- Dimethyl terephthalate market forecast
- Dimethyl terephthalate market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading dimethyl terephthalate market vendors that include BLD Pharmatech Ltd, Chengdu Sustar Feed Co. Ltd., Connect Chemicals GmbH, Eastman Chemical Co., Fiber Intermediate Products Co., Haihang Industry Co. Ltd., Indorama Ventures Public Co. Ltd., Kanto Chemical Co. Inc., Kishida Chemical Co. Ltd., Merck KGaA, Muby Chemicals, National Analytical Corp., OAO Mogilevkhimvolokno, OXXYNOVA GmbH, Sarna Chemical Pvt. Ltd., Sasa Polyester Sanayi A.S., Simson Pharma Ltd., SK Chemicals Co. Ltd., Teijin Ltd., Tokyo Chemical Industry Co. Ltd., and Vizag Chemical International. Also, the dimethyl terephthalate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.