The Report Purified Terephthalic Acid (PTA) Market Analysis
By Application (PET Resins, Polyester Fiber, Films), By End-use (Textile,
Bottling & Packaging, Home Furnishing), By Region, And Segment Forecasts,
2018 – 2025
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.
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.
Access Research Report of Purified Terephthalic Acid (PTA)
Market @ www.grandviewresearch.com/industry-analysis/purified-terephthalic-acid-market
Further key findings from the report suggest:
- PET resins is expected to show
high revenue gains at a CAGR of 8.0% from 2017 to 2025 Rising consumption
of PET containers in packaging sodas, water, juices, liquid hand soap,
salad dressings, cooking oil, peanut butter, shampoo, mouthwash,
pharmaceuticals, and tennis balls is expected to augment industry
expansion.
- Asia Pacific was the dominant
market and accounted for 41.2% of the global purified terephthalic acid
(PTA) revenue industry in 2016. Establishment of various food &
beverage, packaging, and textile manufacturing units particularly in China
and India will fuel purified terephthalic acid market growth over the forecast
period.
- Increasing sales volume of
clothing and apparel goods through e-commerce portals in China,
Bangladesh, India and Thailand is expected to create immense industry
potential. Furthermore, regulatory support aimed at promoting investments
in packaging sector in China and India is projected to propel industry
growth.
- Presence of major players
including Reliance, IOCL, Sinopec, Tianjin Petrochemical Co., Ltd. and
Xiamen Xianglu Petrochemical Co. in Asia Pacific is expected to augment
industry expansion over the forecast period.
- 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.
- In April 2015, Reliance
Industries Limited (RIL) announced commissioning of new purified
terephthalic acid (PTA) plant having a capacity of 1,150 kilo tons per
annum at Dahej, Gujarat in order to meet increasing demand for the
product.
Grand View Research has segmented the global purified terephthalic
acid (PTA) market on the basis of application, end-use and region:
Purified Terephthalic Acid Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
- PET resins
- Polyester fiber
- Films
- Others
Purified Terephthalic Acid End-use Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
- Textile
- Bottling & packaging
- Home furnishing
- Others
Purified Terephthalic Acid Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
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