According to Market Study Report, Purified Terephthalic Acid (PTA) Market provides a comprehensive analysis of the Purified Terephthalic Acid Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.
“The purified terephthalic acid market is estimated to be USD 48.14 billion in 2018 and is projected to reach USD 61.78 billion by 2023, at a CAGR of 5.1% from 2018 to 2023”
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Top Companies Profiled in the Purified Terephthalic Acid (PTA) Market:
- British Petroleum (UK)
- Reliance Industries Limited (India)
- Sinopec Corporation (China)
- Indorama Ventures Public Company (Thailand)
- SABIC (Saudi Arabia)
PTA is used to manufacture polyester, Polybutylene Terephthalate (PBT), and plasticizers. Based on application, the polyester segment is expected to grow at the highest CAGR during the forecast period, owing to the rising demand for polyester fiber & yarn from emerging economies, such as Brazil and Argentina.
China is the largest market for purified terephthalic acid in the Asia Pacific region, in terms of value. Key factors driving the growth of the China PTA market are increase in demand for fiber & yarn, rapid urbanization, and expansion of the packaged food industry in this country.
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Table of Contents:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Regional Scope
1.3.2 Years Considered for the Study