The global purifiedterephthalic acid (PTA) market is
expected to reach USD 110.66 billion by 2025, according to a new report by
Grand View Research, Inc. Rising demand for purified terephthalic acid (PTA) in
polyester powder coating resins, PET resins and unsaturated polyester resins
for fiberglass-reinforced plastic is expected to augment industry expansion
over the forecast period.
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.
Browse full report by
Grand View Research :http://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.
Browse more
reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/organic-chemicals-and-compounds
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
o
U.S.
·
Europe
o
Germany
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
View Press Release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-purified-terephthalic-acid-pta-market
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 informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
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