Purified Isophthalic Acid (PIA) Market
Purified Isophthalic Acid (PIA) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Purified Isophthalic Acid (PIA) Market Size and Growth
The Purified Isophthalic Acid (PIA) market is experiencing steady growth driven by increased demand in polyester production and coatings. As of 2023, the market size is estimated to reach approximately USD 1.2 billion, with key growth factors including rising need for high-performance materials across various industries. Competitive dynamics shape future trends.
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Companies Covered
(Covid 19 Impact Covered)
◍ LOTTE Chemical
◍ Eastman
◍ Beijing Yanshan Petrochemical
◍ Mitsubishi Gas Chemical
◍ Indorama
◍ Perstorp
The Purified Isophthalic Acid (PIA) market includes key players like LOTTE Chemical, Eastman, and Indorama, focusing on applications in polyester fibers and resins. These companies drive market growth through innovation, production capacity expansion, and strategic partnerships, enhancing product availability and technological advancement. Sales revenues include:
- Eastman: $9.3 billion
- Indorama: $4.7 billion (2022)
- Mitsubishi Gas Chemical: $4.5 billion
◍ Formosa Chemicals & Fibre Corporation
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Market Segmentation
By Application
PET Resin
UPR Resin
Others
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By Product
Purity 99.9%
Purity 99.8%
Other
Market Growth
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$ X Billion USD
