Lucintel's latest market report analyzed that purified terephthalic acid provides attractive opportunities in the textile, PET bottle, and packaging markets. The purified terephthalic acid market is expected to reach $79.6 billion by 2028 with a CAGR of 5.2%. In this market, polyester is the largest segment by application, whereas textile is largest by end use industry.
Based on application, the purified terephthalic acid market is segmented into polyester, polybutylene terephthalate (PET), polybutylene terephthalate (PBT), plasticizers, and others.. The polyester segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, because of growing demand for polyester fiber and yarn in the textile yarn industry along with increasing application of unsaturated polyester resin in different sectors, such as transportation, construction, and maritime.
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The Purified terephthalic acid Market is marked by the presence of several big and small players. Some of the prominent players offering purified terephthalic acid include PennWell, China Petrochemical, JBF Industries, Indian Oil, Lotte Chemical, PetkimPetrokimya, Taekwaang Industrial, Zhejiang Hengyi Group, Reliance Industries, and British Petroleum.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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