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 has witnessed substantial growth in recent years, driven by its wide-ranging applications in the polyester industry. PTA is a key raw material used in the production of polyethylene terephthalate (PET) resin, which finds extensive use in the manufacturing of polyester fibers, films, and bottles. One of the primary drivers for the PTA market is the...