Insights Into The Purified Terephthalic Acid Market’s Growth Opportunities Through 2023-2032 – Includes Purified Terephthalic Acid Market Share
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The increase in demand for polyester fibers are expected to drive innovation in purified terephthalic acid manufacturing, thus driving the market during the forecast period.
The global purified terephthalic acid market is expected to grow from $47.11 billion in 2022 to $50.13 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The purified terephthalic acid market size is expected to reach $62.11 billion in 2027 at a CAGR of 5.5%.
Get A Free Sample On The Global Purified Terephthalic Acid Market Report:
Global Purified Terephthalic Acid Market Segments Include:
- By Manufacturing Process:Amoco Process, Co-Oxidation, Multistage Oxidation, Henkel Process
- By Application:Polyester, Polybutylene Terephthalate (PBT), Plasticizers, Other Applications
- By End User:Textile, PET Bottles, Packaging, Other End Users
- By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global purified terephthalic acid market in 2021.
Major Market Players in the purified terephthalic acid market include Indian Oil Corporation, Alpek S.A.B. de C.V., British Petroleum PLC, Reliance Industries Limited, Saudi Basic Industries Corporation, Sinopec Corporation.
Technological innovations are a key trend gaining popularity in the purified terephthalic acid market. Major companies operating in the purified terephthalic acid market are focused on developing new technological solutions such as unique synthesis processes and applications to strengthen their position. For instance, in December 2021, Anellotech Inc., a US-based sustainable technology company, launched a new technology Plas-TCat. The new technology aims to convert a wide range of plastic waste directly into chemicals and then make new plastics. The technology helps to produce 100% bio-based polyethylene terephthalate (PET) with intermediate purified terephthalic acid, downstream separation, and purification. It helps to produce 100% bio-based plastic bottles by meeting polymer-grade specifications.
The Purified Terephthalic Acid Global Market Report 2023 provides a purified terephthalic acid market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The purified terephthalic acid market forecast analyzes purified terephthalic acid market size, purified terephthalic acid market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Purified terephthalic acid refers to an organic chemical compound that is high melting and white powder formed by the air oxidation of p-xylene. This is primarily used to manufacture saturated polyesters and associated polymer goods.
Explore Similar Reports From The Business Research Company:
Superabsorbent Polymers Global Market Report 2023
High-Performance Fluoropolymers Global Market Report 2023
Styrene-Petrochemicals Global Market Report 2023
Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at firstname.lastname@example.org
Follow us on:
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: