Purified Terephthalic Acid (PTA) Market
Purified Terephthalic Acid (PTA) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Purified Terephthalic Acid (PTA) Market Size and Growth
The Purified Terephthalic Acid (PTA) market is experiencing significant growth due to rising demand from the polyester industry. The market size is projected to reach approximately USD 40 billion by 2028, driven by increased applications in textiles, packaging, and automotive sectors, alongside emerging markets and advancements in production technologies.
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Companies Covered
(Covid 19 Impact Covered)
◍ British Petroleum
◍ Reliance Industries
◍ Sinopec
◍ Indorama Ventures Public Company
◍ SABIC
◍ Alpek
◍ Eastman Chemical
◍ Indian Oil
◍ Lotte Chemical
◍ Mitsubishi Chemical
◍ Petkim Petrokimya Holding
◍ JBF Petrochemicals
◍ MCPI
◍ Jiaxing Petrochemical
The Purified Terephthalic Acid (PTA) market is competitive, with key players like British Petroleum and Reliance Industries driving growth through production capacity, innovation, and strategic partnerships. These companies produce PTA for polyester, promoting textile and packaging industries. Notable revenue figures include Reliance Industries: $101 billion, Indorama Ventures: $9.1 billion.
◍ China Prosperity (Jiangyin) Petrochemical
◍ Hanwha General Chemical
◍ Hengli Petrochemical
Market Segmentation
By Application
Polyester
Polybutylene Terephthalate (PBT)
Plasticizers
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By Product
Type 1
Type 2
Market Growth
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$ X Billion USD
