Purified Terephthalic Acid (PTA) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview: The global purified terephthalic acid (PTA) market size reached US$ 87.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 119.2 Billion by 2028, exh... もっと見る
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SummaryMarket Overview:The global purified terephthalic acid (PTA) market size reached US$ 87.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 119.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.19% during 2023-2028. 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 report, along with forecasts at the global, regional and country level from 2023-2028. 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. Key Questions Answered in This Report 1. How big is the global Purified Terephthalic Acid (PTA) market? 2. What is the expected growth rate of the global Purified Terephthalic Acid (PTA) market during 2023-2028? 3. What are the key factors driving the global Purified Terephthalic Acid (PTA) market? 4. What has been the impact of COVID-19 on the global Purified Terephthalic Acid (PTA) market? 5. What is the breakup of the global Purified Terephthalic Acid (PTA) market based on the application? 6. What is the breakup of the global Purified Terephthalic Acid (PTA) market based on the end user? 7. What are the key regions in the global Purified Terephthalic Acid (PTA) market? 8. Who are the key players/companies in the global Purified Terephthalic Acid (PTA) market? Table of Contents1 Preface2 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$), 2017-2022 Figure 3: Global: Purified Terephthalic Acid Market Forecast: Sales Value (in Billion US$), 2023-2028 Figure 4: Global: Purified Terephthalic Acid Market: Breakup by Application (in %), 2022 Figure 5: Global: Purified Terephthalic Acid Market: Breakup by End User (in %), 2022 Figure 6: Global: Purified Terephthalic Acid Market: Breakup by Region (in %), 2022 Figure 7: Global: Purified Terephthalic Acid (Polyester) Market: Sales Value (in Million US$), 2017 & 2022 Figure 8: Global: Purified Terephthalic Acid (Polyester) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 9: Global: Purified Terephthalic Acid (Polybutylene Terephthalate (PBT)) Market: Sales Value (in Million US$), 2017 & 2022 Figure 10: Global: Purified Terephthalic Acid (Polybutylene Terephthalate (PBT)) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 11: Global: Purified Terephthalic Acid (Plasticizers) Market: Sales Value (in Million US$), 2017 & 2022 Figure 12: Global: Purified Terephthalic Acid (Plasticizers) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 13: Global: Purified Terephthalic Acid (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022 Figure 14: Global: Purified Terephthalic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 15: Global: Purified Terephthalic Acid (Textile) Market: Sales Value (in Million US$), 2017 & 2022 Figure 16: Global: Purified Terephthalic Acid (Textile) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 17: Global: Purified Terephthalic Acid (Bottling and Packaging) Market: Sales Value (in Million US$), 2017 & 2022 Figure 18: Global: Purified Terephthalic Acid (Bottling and Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 19: Global: Purified Terephthalic Acid (Home Furnishing) Market: Sales Value (in Million US$), 2017 & 2022 Figure 20: Global: Purified Terephthalic Acid (Home Furnishing) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 21: Global: Purified Terephthalic Acid (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022 Figure 22: Global: Purified Terephthalic Acid (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 23: North America: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 24: North America: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 25: United States: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 26: United States: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 27: Canada: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 28: Canada: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 29: Asia-Pacific: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 30: Asia-Pacific: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 31: China: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 32: China: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 33: Japan: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 34: Japan: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 35: India: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 36: India: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 37: South Korea: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 38: South Korea: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 39: Australia: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 40: Australia: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 41: Indonesia: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 42: Indonesia: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 43: Others: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 44: Others: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 45: Europe: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 46: Europe: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 47: Germany: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 48: Germany: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 49: France: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 50: France: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 51: United Kingdom: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 52: United Kingdom: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 53: Italy: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 54: Italy: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 55: Spain: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 56: Spain: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 57: Russia: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 58: Russia: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 59: Others: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 60: Others: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 61: Latin America: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 62: Latin America: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 63: Brazil: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 64: Brazil: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 65: Mexico: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 66: Mexico: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 67: Others: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 68: Others: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 Figure 69: Middle East and Africa: Purified Terephthalic Acid Market: Sales Value (in Million US$), 2017 & 2022 Figure 70: Middle East and Africa: Purified Terephthalic Acid Market: Breakup by Country (in %), 2022 Figure 71: Middle East and Africa: Purified Terephthalic Acid Market Forecast: Sales Value (in Million US$), 2023-2028 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, 2022 and 2028 Table 2: Global: Purified Terephthalic Acid Market Forecast: Breakup by Application (in Million US$), 2023-2028 Table 3: Global: Purified Terephthalic Acid Market Forecast: Breakup by End User (in Million US$), 2023-2028 Table 4: Global: Purified Terephthalic Acid Market Forecast: Breakup by Region (in Million US$), 2023-2028 Table 5: Global: Purified Terephthalic Acid Market: Competitive Structure Table 6: Global: Purified Terephthalic Acid Market: Key Players
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