The terephthalic acid market is projected to grow at a rate of 5.1% in terms of value, from USD 51.39 Billion in 2019 to reach USD 81.12 Billion by 2027. Terephthalic acid is a raw material that is used for the production of versatile, high-performance, plastics and even bio-plastics. The market product finds various usage in the production of polyester fibers in the worldwide market. Also, these chemicals find usage in the manufacturing polyester coating resins for making metal, appliances, automotive, industrial maintenance, including coil coatings.
Top Companies Operating in the Global Terephthalic Acid Market:
Sinopec Corporation, British Petroleum, SABIC, Reliance Industries Limited, Eastman Chemical Company, Indorama Ventures Public Company, Indian Oil Corporation, JBF Petrochemicals, Mitsubishi Chemical Corporation, and Lotte Chemical Corporation.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Terephthalic Acid market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Terephthalic Acid market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Terephthalic Acid market key players
3.2 Global Terephthalic Acid size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Terephthalic Acid market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Terephthalic Acid Market Segmentation
Manufacturing Process Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
- Amoco Process
- Cooxidation
- Multistage Oxidation
- Henkel Process
Derivative Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
- Polybutylene Terephthalate (PBT)
- Dimethyl Terephthalate
- Polyethylene Terephthalate (PET)
- Polytrimethylene Terephthalate (PTT)
End-Use Industry Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
- Packaging
- Electrical and Electronics
- Construction
- Paints and Coatings
- Textiles
- Furniture
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