Purified Terephthalic Acid: Global Strategic Business Report

Global Purified Terephthalic Acid Market to Reach $96.9 Billion by 2030

The global market for Purified Terephthalic Acid estimated at US$57.1 Billion in the year 2022, is projected to reach a revised size of US$96.9 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030. Polyester, one of the segments analyzed in the report, is projected to record 7.9% CAGR and reach US$49.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Polybutylene Terephthalate (PBT) segment is readjusted to a revised 6.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $15.5 Billion, While China is Forecast to Grow at 11.4% CAGR

The Purified Terephthalic Acid market in the U.S. is estimated at US$15.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$22.7 Billion by the year 2030 trailing a CAGR of 11.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Select Competitors (Total 53 Featured) -

• Alpek S.A.B. de C.V.
• BP PLC
• China Petroleum & Chemical Corporation (SINOPEC)
• China Prosperity (Jiangyin) Petrochemical Co., Ltd.
• Eastman Chemical Company
• Hanwha Corporation
• Hengli Petrochemical Co
• Indian Oil Corporation Ltd.
• Indorama Ventures Public Company Limited
• LOTTE Chemical Corporation
• MCPI Private Limited
• Mitsubishi Chemical Corporation
• Oman International Petrochemical Industries Company L.L.C (OMPET)
• Oriental Petrochemical (Shanghai) Corporation
• Petkim Petrokimya Holding A.S.
• PKN ORLEN SA
• PT Energi Mega Persada Tbk
• Reliance Industries Ltd.
• SABIC (Saudi Basic Industries Corporation)
• Shahid Tondgooyan Petrochemical Company (STPC)
• Taekwang Industrial Co., Ltd.
• Zhejiang Hengyi Group Co., Ltd.

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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