Purified Terephthalic Acid Market
Purified Terephthalic Acid Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Purified Terephthalic Acid Market Size and Growth
The Purified Terephthalic Acid (PTA) market is experiencing robust growth, driven by demand from the polyester industry. The global market size is projected to reach approximately $20 billion by 2025, reflecting a CAGR of around 5%. Key factors influencing market conditions include technological advancements, sustainable practices, and regional production capacities.
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Companies Covered
(Covid 19 Impact Covered)
◍ Sinopec Yizheng Chemical Fibre Company
◍ Reliance Industries
◍ DowDuPont
◍ Honam Petrochemical
◍ BP
◍ Eastman Chemical Company
◍ Indian Oil Corporation
◍ Formosa Plastics Group
◍ SABIC
The Purified Terephthalic Acid (PTA) market features key players like Sinopec, Reliance Industries, and DowDuPont. These companies utilize PTA for producing PET resins, bolstering market growth through innovation and efficiency. Notable sales revenues include Reliance Industries ($85 billion) and Sinopec ($425 billion), enhancing market dynamics and competitiveness.
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Market Segmentation
By Application
Textile
Bottling & packaging
Home furnishing
Others
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By Product
PET resins
Polyester fiber
Films
Others
Market Growth
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$ X Billion USD
