Purified Terephthalic Acid Market Report 2026

The purified terephthalic acid market size has grown strongly in recent years. It will grow from $54.9 billion in 2025 to $58.64 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to expansion of textile manufacturing capacity, growth in packaging demand, increasing consumption of polyester materials, availability of p-xylene feedstocks, scaling of large-scale oxidation plants.

The purified terephthalic acid market size is expected to see strong growth in the next few years. It will grow to $74.75 billion in 2030 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing demand for recycled polyester integration, rising beverage packaging consumption, expansion of sustainable polymer production, growing investments in energy-efficient manufacturing, increasing adoption of advanced catalyst systems. Major trends in the forecast period include increasing demand for polyester fiber production, rising use in pet bottle manufacturing, growing focus on process efficiency improvements, expansion of high-purity pta grades, enhanced integration of advanced oxidation technologies.

The increase in demand for polyester fibers is expected to propel the purified terephthalic acid market growth going forward. Polyester fibers are synthetic fibers made from polyester, derived from ethylene glycol and terephthalic acid, and often blended with other fibers. Purified terephthalic acid (PTA) is a key commodity chemical used in manufacturing polyester fiber and polyethylene terephthalate (PET) resin, which are widely used in consumer products. Thus, rising demand for polyester fibers drives the need for purified terephthalic acid. For instance, in September 2024, according to The Observatory of Economic Complexity, a US-based international trade data platform, Belgium’s net value of woven fabric polyester staple fiber imports increased by €7.88k ($8.69k), or 5.25%, from €150k ($164k) to €158k ($176.51k). Therefore, the rising demand for polyester fibers is boosting the purified terephthalic acid market.

Major companies in the purified terephthalic acid market are focusing on strategic investments to enhance production capacities, improve operational efficiencies, and advance technologies. Such investments aim to meet growing demand driven by the expansion of the polyester and textile industries. For instance, in April 2024, Sinopec Yizheng Chemical Fiber Company, a China-based chemical manufacturer, commissioned the world’s largest PTA plant in Jiangsu Province, China, with a production capacity of 3 million tons per year. The facility employs advanced technologies, including short-process and smart manufacturing techniques, to improve production efficiency and sustainability.

In June 2023, GAIL (India) Limited, an India-based provider of natural gas transmission, petrochemicals, and related energy infrastructure services, acquired JBF Petrochemicals Limited for an undisclosed amount. This acquisition allowed GAIL to enter the purified terephthalic acid market and strengthen domestic PTA supply capacity. JBF Petrochemicals Limited is an India-based provider of purified terephthalic acid.

Major companies operating in the purified terephthalic acid market are Reliance Industries Limited, Sinopec Group, PetroChina Company Limited, Hengli Petrochemical Co., Ltd., Zhejiang Rongsheng Holding Group, Indorama Ventures Public Company Limited, Formosa Plastics Corporation, BP plc, SABIC, Indian Oil Corporation Limited, LG Chem Ltd., SK Innovation Co., Ltd., Mitsui Chemicals, Inc., Eastman Chemical Company, Far Eastern New Century Corporation, JXTG Nippon Oil & Energy Corporation, CNPC Kunlun Petrochemical Company Limited, PTT Global Chemical Public Company Limited, Thai Oil Public Company Limited, Mitsubishi Chemical Group Corporation.

North America was the largest region in the purified terephthalic acid market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the purified terephthalic acid market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the purified terephthalic acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The purified terephthalic acid market consists of sales of polyurethanes, powder-coating resins, and films. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.