Scope of the Study
Purified terephthalic acid (PTA) is a raw material used in making high-performance multi-puropose plastics such as polybutyl terephthalate (PBT), polyethylene terephthalate (PET) and new bioplastic polytrimethylene terephthalate (PTT). It is made by causing a reaction between the secondary petroleum product paraxylene (PX) and acetic acid. It is also used in making clothes and plastic bottles. Its properties include excellent weathering, resistance towards chemical and stains, hard and flexible, good glass transition temperature range, efficient powder flow and fluidizing characteristics.
The market study is being classified by Type (PET Resins, Polyester Fiber, Films and Others), by Application (Cyclohexanedimethanol Production, Plasticizers, Liquid Crystal Polymers, Textiles, Bottling and Packaging and Furnishing) and major geographies with country level break-up.
Indian Oil Corporation (India), Mitsubishi Chemical (Japan), Honam Petrochemical (South Korea), Reliance Industries (India), Samyang Chemical (China), SABIC (Saudi Arabia), Sinopec Yizheng Chemical Fibre Company (China), Formosa Plastics Group (Taiwan), DuPont (United States) and Mitsui Chemicals (Japan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Purified Terephthalic Acid market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Purified Terephthalic Acid market by Type, Application and Region.
On the basis of geography, the market of Purified Terephthalic Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Manufacturing Process, the sub-segment i.e. Amoco Process will boost the Purified Terephthalic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Demand for Carbonated Plastic Bottles Due To Flexibility and Toughness
- Increasing Use of PTA in Various Industries
- Growing Demand for Bio-Plastic Production
- Fluctuations in the Crude Oil Prices
- Growing Packaging Industry Worldwide
- Rising Demand from Paints and Coating Industry
- Stringent Government Rules and Regulations about Environment Safety
Key Target AudiencePurified Terephthalic Acid Manufacturers, Distributors, Research Professionals, Emerging Companies, Government Body & Associations and End-user
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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