Terephthalic Acid (TPA)
(Cas 10021-0) Market
Terephthalic Acid (TPA) (Cas 100-21-0) Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Terephthalic Acid (TPA) (Cas 100-21-0) Market Size and Growth
The Terephthalic Acid (TPA) market is experiencing steady growth, driven by rising demand in polyester production and plastic manufacturing. As of 2023, the market size is estimated at approximately $12 billion, with a projected CAGR of 5% over the next five years, reflecting strong industrial and consumer sector dynamics.
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Companies Covered
(Covid 19 Impact Covered)
◍ BP
◍ China Petroleum & Chemical
◍ Eastman Chemical
◍ Formosa Petrochemical
◍ Indian Oil
◍ Indorama Ventures
◍ Lotte Chemical
◍ MCPI
◍ Mitsubishi Chemical
◍ Mitsui Chemicals
◍ PetroChina
◍ Reliance Industries
◍ SABIC
◍ Samyang Holdings
◍ SIBUR
The Terephthalic Acid (TPA) market features major players like BP, Sinopec, and Reliance Industries, focusing on production for PET and textile applications. These companies drive market growth through capacity expansion and innovation. Sales revenues include:
- Reliance Industries: ~$90 billion
- Sinopec: ~$460 billion
- SABIC: ~$40 billion
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Market Segmentation
By Application
◍ Cyclohexanedimethanol Production
◍ Plasticisers
◍ Liquid Crystal Polymers
◍ Textiles
◍ Bottling & Packaging
◍ Other
By Product
◍ Polyethylene Terephthalate (PET)
◍ Polybutylene Terephthalate (PBT)
◍ Polytrimethylene Terephthalate (PTT)
◍ Dimethyl Terephthalate
◍ Others
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Market Growth
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$ X Billion USD
