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Purified Terephthalic Acid (PTA) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global purified terephthalic acid (PTA) market reached a value of US$ 82.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 112.96 Billion by 2027, exhibiting a CAGR of 5.25% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Purified terephthalic acid (PTA) is an organic compound produced by a reaction between the secondary petroleum product paraxylene (PX) and acetic acid. It is widely utilized in the manufacturing of man-made polyester fabrics, which find extensive usage in sportswear, swimsuits, dresses, trousers, curtains, sofa covers, jackets, car seat covers, and bedsheets. In addition to this, as it exhibits excellent weathering, hardness, flexibility, chemical and stain resistance, and powder flow and fluidization characteristics, PTA is gaining traction across the globe for formulating general metal, appliance, industrial maintenance, and coil coatings.

Purified Terephthalic Acid (PTA) Market Trends:

The boosting sales of on-the-go bottled beverages on account of the hectic lifestyles of working professionals, inflating per capita income, rapid urbanization, and changing consumption patterns of individuals represent one of the key factors impelling the market growth. Apart from this, PTA is used in the manufacturing of light-colored, high-strength, and solvent-free adhesives, which find extensive applications to bond metal, wood, paper, and synthetics in shoe fabrication, lamination, and automotive sub-assembly. It is further utilized in the production of recording tapes, tire cord, cyclohexanedimethanol (CHDM), terephthaloyl chloride (TCL), co-polyester-ether elastomers, plasticizers, and liquid crystal. Moreover, PTA is employed in the pharmaceutical industry as a raw material for several drugs that help treat chronic and acute diseases, such as peptic ulcers, reflux esophagitis and gastroesophageal reflux disease (GERD). This, in confluence with the escalating need for prescribed drugs due to the increasing prevalence of chronic medical ailments, is contributing to the market growth. Besides this, several leading players operating in the market are focusing on collaborations and partnerships with other organizations to reduce costs and improve product quality, which is anticipated to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global purified terephthalic acid (PTA) market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on application and end user.

Breakup by Application:

  • Polyester

    • Fiber and Yarn Grade
    • Polybutylene Terephthalate (PET) Grade
    • Film Grade
  • Polybutylene Terephthalate (PBT)
  • Plasticizers
  • Others
     

Breakup by End User:

  • Textile
  • Bottling and Packaging
  • Home Furnishing
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alpek S.A.B. de C.V., Eastman Chemical Company, Far Eastern New Century Corporation, Formosa Chemicals & Fibre Corp., HANWA Co. Ltd., Indian Oil Corporation Limited, Indorama Ventures Public Company Limited, Jiangyin Chengxing Industrial Group Co. Ltd., LOTTE Chemical Corporation, Mitsubishi Chemical Corporation, Reliance Industries Limited, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.) and Sinopec.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alpek S.A.B. de C.V., Eastman Chemical Company, Far Eastern New Century Corporation, Formosa Chemicals & Fibre Corp., HANWA Co. Ltd., Indian Oil Corporation Limited, Indorama Ventures Public Company Limited, Jiangyin Chengxing Industrial Group Co. Ltd., LOTTE Chemical Corporation, Mitsubishi Chemical Corporation, Reliance Industries Limited, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.) and Sinopec.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global purified terephthalic acid (PTA) market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global purified terephthalic acid (PTA) market?
  • What are the key regional markets?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global purified terephthalic acid (PTA) market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Purified Terephthalic Acid (PTA) Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Application
    6.1    Polyester
        6.1.1 Market Trends
        6.1.2 Key Segments
           6.1.2.1 Fiber and Yarn Grade
           6.1.2.2 Polybutylene Terephthalate (PET) Grade
           6.1.2.3 Film Grade
        6.1.3 Market Forecast
    6.2    Polybutylene Terephthalate (PBT)
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Plasticizers
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by End User
    7.1    Textile
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Bottling and Packaging
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Home Furnishing
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Alpek S.A.B. de C.V.
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
        13.3.2    Eastman Chemical Company 
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
        13.3.3    Far Eastern New Century Corporation
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
        13.3.4    Formosa Chemicals & Fibre Corp.
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
           13.3.4.3 Financials
           13.3.4.4 SWOT Analysis
        13.3.5    HANWA Co. Ltd.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
           13.3.5.3 Financials
        13.3.6    Indian Oil Corporation Limited
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
           13.3.6.3 Financials
           13.3.6.4 SWOT Analysis
        13.3.7    Indorama Ventures Public Company Limited
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 Financials
        13.3.8    Jiangyin Chengxing Industrial Group Co. Ltd.
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
        13.3.9    LOTTE Chemical Corporation
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials
           13.3.9.4 SWOT Analysis
        13.3.10    Mitsubishi Chemical Corporation
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
           13.3.10.3 Financials
           13.3.10.4 SWOT Analysis
        13.3.11    Reliance Industries Limited
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio
           13.3.11.3 Financials
           13.3.11.4 SWOT Analysis
        13.3.12    Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio
           13.3.12.3 Financials
           13.3.12.4 SWOT Analysis
        13.3.13    Sinopec
           13.3.13.1 Company Overview
           13.3.13.2 Product Portfolio
           13.3.13.3 Financials
           13.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Purified Terephthalic Acid Market: Major Drivers and Challenges
Figure 2: Global: Purified Terephthalic Acid Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Purified Terephthalic Acid Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Purified Terephthalic Acid Market: Breakup by Application (in %), 2021
Figure 5: Global: Purified Terephthalic Acid Market: Breakup by End User (in %), 2021
Figure 6: Global: Purified Terephthalic Acid Market: Breakup by Region (in %), 2021
Figure 7: Global: Purified Terephthalic Acid (Polyester) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Purified Terephthalic Acid (Polyester) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Purified Terephthalic Acid (Polybutylene Terephthalate (PBT)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Purified Terephthalic Acid (Polybutylene Terephthalate (PBT)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Purified Terephthalic Acid (Plasticizers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Purified Terephthalic Acid (Plasticizers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Purified Terephthalic Acid (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Purified Terephthalic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Purified Terephthalic Acid (Textile) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Purified Terephthalic Acid (Textile) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Purified Terephthalic Acid (Bottling and Packaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Purified Terephthalic Acid (Bottling and Packaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Purified Terephthalic Acid (Home Furnishing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Purified Terephthalic Acid (Home Furnishing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Purified Terephthalic Acid (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Purified Terephthalic Acid (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: North America: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: North America: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: United States: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: United States: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Canada: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Canada: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Asia-Pacific: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Asia-Pacific: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: China: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: China: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Japan: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Japan: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: India: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: India: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: South Korea: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: South Korea: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Australia: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Australia: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Indonesia: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Indonesia: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Others: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Others: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Europe: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Europe: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Germany: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Germany: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: France: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: France: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: United Kingdom: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: United Kingdom: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Italy: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Italy: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Spain: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Spain: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Russia: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Russia: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Latin America: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Latin America: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Brazil: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Brazil: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Mexico: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Mexico: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Middle East and Africa: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Middle East and Africa: Purified Terephthalic Acid Market: Breakup by Country (in %), 2021
Figure 71: Middle East and Africa: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Global: Purified Terephthalic Acid Industry: SWOT Analysis
Figure 73: Global: Purified Terephthalic Acid Industry: Value Chain Analysis
Figure 74: Global: Purified Terephthalic Acid Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Purified Terephthalic Acid Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Purified Terephthalic Acid Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 3: Global: Purified Terephthalic Acid Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 4: Global: Purified Terephthalic Acid Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Purified Terephthalic Acid Market: Competitive Structure
Table 6: Global: Purified Terephthalic Acid Market: Key Players


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