Get in-depth analysis of the COVID-19 impact on the Purified Terephthalic Acid (PTA) Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Purified Terephthalic Acid (PTA) Market
The report "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", 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.
Download PDF Brochure https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150628286Browse 90 market data Tables and 40 Figures spread through 139 Pages and in-depth TOC on "Purified Terephthalic Acid (PTA) Market"
Market Dynamics
Drivers
- Rising demand for polyester fibers
- Increasing demand for PET from the bottling and packaging industry
Restraints
- Overcapacity of PTA in China
- Fluctuation in the prices of paraxylene
- Replacement of glass bottles for alcoholic beverages with PET bottles
- Increasing demand for recycled PET
The purified terephthalic acid market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, and government organizations. Companies operating in the PTA market include Reliance Industries Limited (India), Sinopec Corporation (China), British Petroleum (UK), Indorama Ventures Public Company (Thailand), SABIC (Saudi Arabia), and Jiaxing Petrochemical Co., Ltd. (China), among others.
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