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Global Purified Terephthalic Acid (PTA) Market, 2023 – Focus on Polyester, Polybutylene Terephthalate, Plasticizers – ResearchAndMarkets.com

The “Purified
Terephthalic Acid (PTA) Market by Application (Polyester, Polybutylene
Terephthalate, Plasticizers), and Region (Asia Pacific, North America,
Europe, Middle East & Africa, South America) – Global Forecast to 2023”
report has been added to ResearchAndMarkets.com’s
offering.

The purified terephthalic acid market is estimated to be USD 48.14
billion in 2018 and is projected to reach USD 61.78 billion by 2023, at
a CAGR of 5.1% from 2018 to 2023.

The expansion of the textile industry contributes to the increased
demand for polyester fiber & yarn, which in turn, is projected to drive
the growth of the purified terephthalic acid market. PTA is used to
manufacture PET bottles. The rising demand for PET packaging from the
healthcare and food & beverage industries has led to the increased
consumption of PTA. However, the overcapacity in the production of PTA
in China has led to a decline in the global operating rate of PTA,
thereby acting as a restraint to the growth of the purified terephthalic
acid market.

PTA is used to manufacture polyester, Polybutylene Terephthalate (PBT),
and plasticizers. Based on application, the polyester segment is
expected to grow at the highest CAGR during the forecast period, owing
to the rising demand for polyester fiber & yarn from emerging economies,
such as Brazil and Argentina.

China is the largest market for purified terephthalic acid in the Asia
Pacific region, in terms of value. Key factors driving the growth of the
China PTA market are increase in demand for fiber & yarn, rapid
urbanization, and expansion of the packaged food industry in this
country.

The South American region is expected to be the fastest-growing market
for purified terephthalic acid during the forecast period. The growth of
the purified terephthalic acid market in South America can be attributed
to the increased demand for PTA from the textile industry in South
American countries.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 PTA Market, By Application

7 PTA Market, By Region

8 Competitive Landscape

9 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/p7rdt6/global_purified?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005682/en/