Summary

The Recycled terephthalic acid (rTPA) market size is projected to grow from USD 2.34 billion in 2024 to USD 2.90 billion by 2029, registering a CAGR of 4.4% during the forecast period. The growth factors for the recycled terephthalic acid market is good, driven by growing environmental regulations, high sustainability trends, and the global shift toward a more circular economy. More severe regulation is being laid down by governments across the globe to minimize plastic waste and ensure recycling, whereas consumers are becoming keen on more environmentally friendly products in the areas of packaging, textiles, and the automotive industry that push demand for recycled terephthalic acid.
“ Hydrolysis accounted for the fastest growing share in process segment of Recyceled terephthalic acid market in terms of value.”
Hydrolysis is also likely to be the process with the highest growth rate in the rTA market because it is an efficient and scalable process, capable of producing highly pure TPA. The chemical recycling method includes breaking down PET waste into its monomers, such as TPA and ethylene glycol (EG), by applying water and catalysts under controlled temperature and pressure. It produces high-grade TPA and is highly efficient. This gives it an edge over other methods when pure recycled material is required, like the packaging and textiles industries. Hydrolysis is favored by urgent conditions of sustainable requirements and therefore reliance on producing high-grade recycled materials. This trend in the packaging and textiles industries to use more recycled content-in addition to regulatory mandates-plays toward sustaining future demand.
“Resins accounted for the fastest growing in application segment of Recyceled terephthalic acid market in terms of value.”
Resins are likely to witness the highest growth rate in the recycled terephthalic acid market because of their widespread usage across various industries, along with growing demand for sustainable alternatives against virgin plastics. Recycled terephthalic acid is a critical raw material for rPET resins, which finds wide applicability in packaging, mainly in bottles and containers. Increasing stress on reduction of plastic waste along with regulatory frameworks encouraging recycling have been able to boost the adoption of rPET in manufacturers, which has led to the growth in resin applications in the recycled terephthalic acid market. Particularly, the packaging industry is a great input for this demand. Companies are looking for rPET resins as consumers and regulatory bodies are increasing their interest in sustainable packaging solutions.
“Packaging accounted for the fastest growing in end-use industry segment of Recyceled terephthalic acid market in terms of value.”
Packaging industry will be one of the fastest-growing end-use industries in the market for rTA as the demand for sustainable solutions for packaging will grow and more stringent regulations reduce plastic waste. Recycled terephthalic acid is one of the most important raw materials used to manufacture rPET, which has different applications related to packaging, including bottles, containers, and films. Around the world, governments are keen on enhancing the recycling rate and use of recycled material in packaging production. Therefore, manufacturers have embraced rPET, which has increased the demand for recycled terephthalic acid. Demand from the packaging industry for recycled terephthalic acid has also increased due to growing consumers' preference for environmental products.
“Asia pacific is the fastest growing market for Recyceled terephthalic acid.”
Asia-Pacific will grow fast, mainly due to rapid industrialization, tight environmental legislations, and high PET consumption in the region. Most countries, including China, India, Japan, and South Korea, have enormous demands for recycled products as part of their more comprehensive efforts to eradicate plastic wastes and encourage sustainable development. In addition, advancement of chemical recycling technologies within the region with recycling infrastructure investments drives the market further. This is coupled with large amounts of PET waste, supportive government policies, and corporate sustainability goals. Asia-Pacific will be key growth region in the rTA market, thus ensuring its position as the region with the highest growth.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the Recyceled terephthalic acid market, and information was gathered from secondary research to determine and verify the market size of several segments.
• By Company Type: Tier 1 – 50%, Tier 2 – 30%, and Tier 3 – 20%
• By Designation: Managers– 15%, Directors – 20%, and Others – 65%
• By Region: North America – 25%, Europe – 30%, APAC – 35%, the Middle East & Africa –5%, and South America- 5%
The Recyceled terephthalic acid market comprises major players Indorama Ventures Public Company Limited. (Thailand), Alpek S.A.B. de C.V. (Mexico), SUEZ (France), ALPLA (Austria), Unifi, Inc. (US), SK chemicals (South Korea), Krones AG (Germany), Far Eastern New Century Corporation (Taiwan), Biffa (England), Plastipak Holdings, Inc. (US). The study includes in-depth competitive analysis of these key players in the Recyceled terephthalic acid market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This report segments the market for Recyceled terephthalic acid market on the basis of grade, function, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, and expansions associated with the market for Recyceled terephthalic acid market.
Key benefits of buying this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape; emerging and high-growth segments of the Recyceled terephthalic acid market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of drivers: (Increasing focus on environmental sustainability and need to reduce reliance on fossil resources, Recycled TPA enables production of biodegradable plastics and PET, driving sustainable chemical innovation and circular economy), restraints (High capital cost of advanced recycling technologies limit scalability of chemical recycling process), opportunities (Rising demand for rPET in the fashion and textile industries presents opportunities for sustainable rTPA production), and challenges (Challenges in current recycling technologies limit efficient processing of colored and blended plastics) influencing the growth of Recyceled terephthalic acid market.
• Market Penetration: Comprehensive information on the Recyceled terephthalic acid market offered by top players in the global Recyceled terephthalic acid market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, in the Recyceled terephthalic acid market.
• Market Development: Comprehensive information about lucrative emerging markets the report analyzes the markets for Recyceled terephthalic acid market across regions.
• Market Capacity: Production capacities of companies producing Recyceled terephthalic acid are provided wherever available with upcoming capacities for the Recyceled terephthalic acid market.
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the Recyceled terephthalic acid market.

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Table of Contents

1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.3 STUDY SCOPE 26
1.3.1 MARKETS COVERED 26
1.3.2 INCLUSIONS AND EXCLUSIONS OF STUDY 26
1.3.3 YEARS CONSIDERED 27
1.3.4 CURRENCY CONSIDERED 27
1.3.5 UNITS CONSIDERED 28
1.4 LIMITATIONS 28
1.5 STAKEHOLDERS 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
2.1.1 SECONDARY DATA 30
2.1.1.1 Key data from secondary sources 30
2.1.2 PRIMARY DATA 30
2.1.2.1 Key data from primary sources 31
2.1.2.2 Key primary sources 31
2.1.2.3 Key participants for primary interviews 31
2.1.2.4 Breakdown of interviews with experts 32
2.1.2.5 Key industry insights 32
2.2 BASE NUMBER CALCULATION 33
2.2.1 SUPPLY-SIDE ANALYSIS 33
2.2.2 DEMAND-SIDE ANALYSIS 33
2.3 GROWTH FORECAST 33
2.3.1 SUPPLY SIDE 33
2.3.2 DEMAND SIDE 34
2.4 MARKET SIZE ESTIMATION 34
2.4.1 BOTTOM-UP APPROACH 35
2.4.2 TOP-DOWN APPROACH 35
2.5 DATA TRIANGULATION 36
2.6 RESEARCH ASSUMPTIONS 37
2.7 GROWTH FORECAST 37
2.8 RISK ASSESSMENT 38
2.9 FACTOR ANALYSIS 39
3 EXECUTIVE SUMMARY 40
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN RECYCLED TEREPHTHALIC ACID MARKET 44
4.2 RECYCLED TEREPHTHALIC ACID MARKET, BY PROCESS 44
4.3 RECYCLED TEREPHTHALIC ACID MARKET, BY END-USE INDUSTRY 45
4.4 RECYCLED TEREPHTHALIC ACID MARKET, BY KEY COUNTRY 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 46
5.2.1 DRIVERS 47
5.2.1.1 Increasing focus on environmental sustainability and need to
reduce reliance on fossil resources 47
5.2.1.2 Recycled TPA enables production of biodegradable plastics and
PET, driving sustainable chemical innovation and circular economy 47
5.2.2 RESTRAINTS 48
5.2.2.1 High capital cost of advanced recycling technologies limits
scalability of chemical recycling process 48
5.2.2.2 Absence of global standards for rTPA quality affects product performance 48
5.2.3 OPPORTUNITIES 49
5.2.3.1 Rising demand for rPET in fashion and textile industries presents opportunities for sustainable rTPA production 49
5.2.3.2 Advances in chemical recycling technologies present opportunity
for producing high-purity rTPA comparable to virgin TPA 49
5.2.4 CHALLENGES 50
5.2.4.1 Challenges in current recycling technologies limit efficient processing of colored and blended plastics 50
5.3 GENERATIVE AI 50
5.3.1 INTRODUCTION 50
5.4 IMPACT OF GENERATIVE AI ON RECYCLED TEREPHTHALIC ACID MARKET 51
6 INDUSTRY TRENDS 52
6.1 INTRODUCTION 52
6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 52
6.3 SUPPLY CHAIN ANALYSIS 53
6.4 INVESTMENT AND FUNDING SCENARIO 55
6.5 PRICING ANALYSIS 56
6.5.1 AVERAGE SELLING PRICE TREND, BY REGION 56
6.5.2 AVERAGE SELLING PRICE TREND, BY PROCESS 57
6.5.3 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PROCESS 57
6.6 ECOSYSTEM ANALYSIS 58
6.7 TECHNOLOGY ANALYSIS 60
6.7.1 KEY TECHNOLOGIES 60
6.7.2 COMPLEMENTARY TECHNOLOGIES 61
6.7.3 ADJACENT TECHNOLOGIES 61
6.8 PATENT ANALYSIS 62
6.8.1 METHODOLOGY 62
6.8.2 GRANTED PATENTS 62
6.8.2.1 Patent publication trends 62
6.8.3 INSIGHTS 63
6.8.4 LEGAL STATUS 63
6.8.5 JURISDICTION ANALYSIS 63
6.8.6 TOP APPLICANTS 64
6.9 TRADE ANALYSIS 67
6.9.1 IMPORT SCENARIO (HS CODES 2917360) 67
6.9.2 EXPORT SCENARIO (HS CODES 2917360) 68
6.10 KEY CONFERENCES AND EVENTS, 2024–2025 68
6.11 TARIFFS, STANDARDS, AND REGULATORY LANDSCAPE 68
6.11.1 TARIFF ANALYSIS 69
6.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 69
6.11.3 STANDARDS 72
6.12 PORTER’S FIVE FORCES ANALYSIS 73
6.12.1 THREAT OF NEW ENTRANTS 74
6.12.2 THREAT OF SUBSTITUTES 75
6.12.3 BARGAINING POWER OF SUPPLIERS 75
6.12.4 BARGAINING POWER OF BUYERS 75
6.12.5 INTENSITY OF COMPETITIVE RIVALRY 76
6.13 KEY STAKEHOLDERS AND BUYING CRITERIA 76
6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 76
6.13.2 BUYING CRITERIA 77
6.14 MACROECONOMIC OUTLOOK 78
6.14.1 GDP TRENDS AND FORECASTS, BY COUNTRY 78
6.15 CASE STUDY ANALYSIS 79
6.15.1 CASE STUDY 1: CHARACTERIZATION OF TEREPHTHALIC ACID MONOMER RECYCLED FROM POST-CONSUMER PET POLYMER BOTTLES 79
6.15.2 CASE STUDY 2: ACIDIC HYDROLYSIS OF RECYCLED POLYETHYLENE TEREPHTHALATE PLASTIC FOR PRODUCTION OF MONOMER
TEREPHTHALIC ACID 80
7 RECYCLED TEREPHTHALIC ACID MARKET, BY PROCESS 81
7.1 INTRODUCTION 82
7.2 HYDROLYSIS 84
7.2.1 ADVANCEMENTS IN TECHNOLOGY FOR EFFICIENT AND SUSTAINABLE RECOVERY OF TEREPHTHALIC ACID FROM PET WASTE TO PROPEL MARKET 84
7.3 PYROLYSIS 84
7.3.1 ENABLES EFFECTIVE RECYCLING OF MIXED AND CONTAMINATED PET 84
7.4 OTHER PROCESSES 85
7.4.1 GLYCOLYSIS 85
7.4.2 ACETOLYSIS 85
8 RECYCLED TEREPHTHALIC ACID MARKET, BY APPLICATION 86
8.1 INTRODUCTION 87
8.2 FIBERS 88
8.2.1 APPLICATION IN SUSTAINABLE POLYESTER FIBER PRODUCTION FOR TEXTILES AND INDUSTRIAL USES TO DRIVE MARKET 88
8.3 RESINS 89
8.3.1 UTILIZATION OF RTPA IN SUSTAINABLE POLYESTER RESIN PRODUCTION ACROSS MULTIPLE INDUSTRIES TO PROPEL MARKET 89
8.4 FILMS 89
8.4.1 UTILIZATION OF RTPA IN HIGH-PERFORMANCE FILM PRODUCTION
TO SUPPORT MARKET GROWTH 89
8.5 OTHER APPLICATIONS 90
8.5.1 SHEETS 90
8.5.2 BOTTLES 90
9 RECYCLED TEREPHTHALIC ACID MARKET, BY END-USE INDUSTRY 91
9.1 INTRODUCTION 92
9.2 TEXTILE 94
9.2.1 NEED FOR SUSTAINABILITY IN FASHION INDUSTRY TO DRIVE MARKET 94
9.3 AUTOMOTIVE 94
9.3.1 DEMAND FOR LIGHTWEIGHT MATERIALS AND IMPROVED VEHICLE PERFORMANCE TO PROPEL MARKET 94
9.4 CONSTRUCTION 95
9.4.1 RISING DEMAND FOR ECO-FRIENDLY CONSTRUCTION MATERIALS
TO DRIVE MARKET 95
9.5 PACKAGING 95
9.5.1 DEMAND FOR SUSTAINABLE PACKAGING TO MINIMIZE PLASTIC WASTE 95
9.6 OTHER END-USE INDUSTRIES 96
9.6.1 CONSUMER GOODS 96
9.6.2 ELECTRONICS 96
10 RECYCLED TEREPHTHALIC ACID MARKET, BY REGION 97
10.1 INTRODUCTION 98
10.2 ASIA PACIFIC 100
10.2.1 CHINA 106
10.2.1.1 Increased regulatory requirements and public awareness of pollution and waste management to drive market 106
10.2.2 JAPAN 107
10.2.2.1 Advanced waste management and recycling technologies to encourage use of rTPA 107
10.2.3 INDIA 109
10.2.3.1 Large-scale polyester production amplifies need for rTPA 109
10.2.4 SOUTH KOREA 111
10.2.4.1 Significant investment in R&D for high-quality materials to support market growth 111
10.2.5 REST OF ASIA PACIFIC 113
10.3 NORTH AMERICA 114
10.3.1 US 119
10.3.1.1 Increasing demand for eco-friendly plastic bottles to propel market 119
10.3.2 CANADA 121
10.3.2.1 Government mandates for plastic recycling encourage adoption of rTPA in food & beverage packaging 121
10.3.3 MEXICO 123
10.3.3.1 Government initiatives aimed at promoting recycling and sustainability to propel market 123
10.4 EUROPE 124
10.4.1 GERMANY 130
10.4.1.1 Strong recycling infrastructure and EU regulations enforcing rTPA
use to support market growth 130
10.4.2 ITALY 131
10.4.2.1 Large fashion and textile industries to drive market 131
10.4.3 FRANCE 133
10.4.3.1 Large-scale investments in circular economy practices to reduce plastic waste 133
10.4.4 UK 135
10.4.4.1 Strong regulatory frameworks to curb plastic pollution to drive use
of rTPA 135
10.4.5 SPAIN 136
10.4.5.1 Adoption of sustainable construction products incorporating rTPA
for energy-efficient buildings to propel market 136
10.4.6 RUSSIA 138
10.4.6.1 Growing market for sustainable, high-performance consumer
goods materials to drive market 138
10.4.7 REST OF EUROPE 140
10.5 MIDDLE EAST & AFRICA 141
10.5.1 GCC COUNTRIES 146
10.5.1.1 Saudi Arabia 146
10.5.1.1.1 Growing market for sustainable, high-performance consumer goods fueled by Vision 2030 initiatives to propel market 146
10.5.1.2 UAE 148
10.5.1.2.1 Strategic location and economic diversification to support market growth 148
10.5.1.3 Rest of GCC countries 150
 
10.5.2 SOUTH AFRICA 151
10.5.2.1 Growing use of rTPA in lightweight automotive components to fuel efficiency regulations 151
10.5.3 REST OF MIDDLE EAST & AFRICA 153
10.6 SOUTH AMERICA 155
10.6.1 ARGENTINA 159
10.6.1.1 National campaigns to reduce environmental impact to encourage adoption of recycled materials 159
10.6.2 BRAZIL 161
10.6.2.1 Shift toward circular fashion and upcycled textile manufacturing for global brands to propel market 161
10.6.3 REST OF SOUTH AMERICA 162
11 COMPETITIVE LANDSCAPE 165
11.1 INTRODUCTION 165
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 165
11.3 MARKET SHARE ANALYSIS 167
11.4 REVENUE ANALYSIS 170
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 170
11.5.1 STARS 170
11.5.2 EMERGING LEADERS 171
11.5.3 PERVASIVE PLAYERS 171
11.5.4 PARTICIPANTS 171
11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 172
11.5.5.1 Company footprint 172
11.5.5.2 Process footprint 173
11.5.5.3 Application footprint 173
11.5.5.4 End-use industry footprint 174
11.5.5.5 Region footprint 174
11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 175
11.6.1 PROGRESSIVE COMPANIES 175
11.6.2 RESPONSIVE COMPANIES 175
11.6.3 DYNAMIC COMPANIES 175
11.6.4 STARTING BLOCKS 175
11.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 177
11.6.5.1 Detailed list of key startups/SMEs 177
11.6.5.2 Competitive benchmarking of key startups/SMEs 178
11.7 BRAND/PRODUCT COMPARATIVE ANALYSIS 179
11.8 COMPANY VALUATION AND FINANCIAL METRICS 181
11.8.1 COMPANY VALUATION 181
11.8.2 FINANCIAL METRICS 181
 
11.9 COMPETITIVE SCENARIO 182
11.9.1 DEALS 182
11.9.2 EXPANSIONS 184
12 COMPANY PROFILES 186
12.1 KEY PLAYERS 186
12.1.1 INDORAMA VENTURES PUBLIC COMPANY LIMITED 186
12.1.1.1 Business overview 186
12.1.1.2 Products offered 187
12.1.1.3 Recent developments 188
12.1.1.3.1 Deals 188
12.1.1.3.2 Expansions 188
12.1.1.3.3 Other developments 189
12.1.1.4 MnM view 189
12.1.1.4.1 Key strengths 189
12.1.1.4.2 Strategic choices 190
12.1.1.4.3 Weaknesses and competitive threats 190
12.1.2 ALPEK S.A.B. DE C.V. 191
12.1.2.1 Business overview 191
12.1.2.2 Products offered 192
12.1.2.3 Recent developments 193
12.1.2.3.1 Deals 193
12.1.2.3.2 Other developments 193
12.1.2.4 MnM view 194
12.1.2.4.1 Key strengths 194
12.1.2.4.2 Strategic choices 194
12.1.2.4.3 Weaknesses and competitive threats 194
12.1.3 SUEZ 195
12.1.3.1 Business overview 195
12.1.3.2 Products offered 196
12.1.3.3 Recent developments 197
12.1.3.3.1 Deals 197
12.1.3.3.2 Other developments 197
12.1.3.4 MnM view 197
12.1.3.4.1 Key strengths 197
12.1.3.4.2 Strategic choices 198
12.1.3.4.3 Weaknesses and competitive threats 198
12.1.4 ALPLA 199
12.1.4.1 Business overview 199
12.1.4.2 Products offered 199
12.1.4.3 Recent developments 200
12.1.4.3.1 Expansions 200
12.1.4.4 MnM view 200
12.1.4.4.1 Key strengths 200
12.1.4.4.2 Strategic choices 201
12.1.4.4.3 Weaknesses and competitive threats 201
12.1.5 UNIFI, INC. 202
12.1.5.1 Business overview 202
12.1.5.2 Products offered 203
12.1.5.3 MnM view 203
12.1.5.3.1 Key strengths 203
12.1.5.3.2 Strategic choices 203
12.1.5.3.3 Weaknesses and competitive threats 203
12.1.6 SK CHEMICALS 204
12.1.6.1 Business overview 204
12.1.6.2 Products offered 205
12.1.6.3 Recent developments 206
12.1.6.3.1 Deals 206
12.1.6.4 MnM view 206
12.1.6.4.1 Key strengths 206
12.1.6.4.2 Strategic choices 206
12.1.6.4.3 Weaknesses and competitive threats 206
12.1.7 FAR EASTERN NEW CENTURY CORPORATION 207
12.1.7.1 Business overview 207
12.1.7.2 Products offered 208
12.1.7.3 Recent developments 208
12.1.7.3.1 Expansions 208
12.1.7.3.2 Other developments 209
12.1.7.4 MnM view 209
12.1.7.4.1 Key strengths 209
12.1.7.4.2 Strategic choices 209
12.1.7.4.3 Weaknesses and competitive threats 209
12.1.8 BIFFA 210
12.1.8.1 Business overview 210
12.1.8.2 Products offered 210
12.1.8.3 Recent developments 211
12.1.8.3.1 Deals 211
12.1.8.4 MnM view 211
12.1.8.4.1 Key strengths 211
12.1.8.4.2 Strategic choices 212
12.1.8.4.3 Weaknesses and competitive threats 212
12.1.9 PLASTIPAK HOLDINGS, INC. 213
12.1.9.1 Business overview 213
12.1.9.2 Products offered 213
12.1.9.3 Recent developments 214
12.1.9.3.1 Deals 214
12.1.9.3.2 Expansions 214
12.1.9.4 MnM view 215
12.1.9.4.1 Key strengths 215
12.1.9.4.2 Strategic choices 215
12.1.9.4.3 Weaknesses and competitive threats 215
12.1.10 VISY 216
12.1.10.1 Business overview 216
12.1.10.2 Products offered 216
12.1.10.3 MnM view 217
12.1.10.3.1 Key strengths 217
12.1.10.3.2 Strategic choices 217
12.1.10.3.3 Weaknesses and competitive threats 217
12.2 OTHER PLAYERS 218
12.2.1 MARGLEN INDUSTRIES 218
12.2.2 CARBIOS 219
12.2.3 POLYQUEST, INC. 220
12.2.4 EVERGREEN 221
12.2.5 DEPOLY 222
12.2.6 REVALYU RESOURCES GMBH 223
12.2.7 EKOPET 224
12.2.8 LOOP INDUSTRIES, INC. 225
12.2.9 TERRACLE 226
12.2.10 INTCO 227
12.2.11 GOREWISE 228
13 APPENDIX 229
13.1 DISCUSSION GUIDE 229
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 232
13.3 CUSTOMIZATION OPTIONS 234
13.4 RELATED REPORTS 234
13.5 AUTHOR DETAILS 235