Purified Terephthalic Acid (PTA) Market size to grow by USD 45.16 billion from 2022 to 2027, Increase in demand from the textile industry to drive the market growth - Technavio

NEW YORK, April 21, 2023 /PRNewswire/ -- The global purified terephthalic acid (PTA) market size is estimated to increase by USD 45.16 billion from 2022 to 2027. The market's growth momentum will progress at a CAGR of 8.46% during the forecast period. The PTA market is predominantly driven by the increase in demand from the textile industry. PET fibers are preferably used in the production of textiles that require high resistance. They are more resistant to elongation due to their higher initial modulus and being stiffer than nylon fibers. These properties give the fabrics high dimensional stability. PET is also processed into fiberfill and used in furniture, pillows, and insulating clothing. It can be made into thin filaments for rayon or large-diameter filaments for carpets. PET is used to manufacture products such as seat belts, conveyor belts, power transmission belts, tire threads, and disposable medical clothing. Discover some insights on market size, historic period (2017-2021), and forecast period (2023-2027) before buying the full report - Request a sample report

Purified terephthalic acid (PTA) market – Vendor Analysis
Vendor Landscape - The global purified terephthalic acid (PTA) market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer purified terephthalic acid (PTA) in the market are Alfa Chemistry, Alpek SAB de CV, Arkema Group, BP Plc, China Petrochemical Corp., Colossustex, Eastman Chemical Co., Indian Oil Corp. Ltd., Indorama Ventures Public Co. Ltd., INEOS Group Holdings SA, Jamorin International, Johnson Matthey Plc, Lotte Chemical Corp., Mitsubishi Chemical Holdings Corp., Moradia Brothers Chem Pvt. Ltd., Reliance Industries Ltd., Samsung Electronics Co. Ltd., Saudi Basic Industries Corp., Sundyne LLC, and Taekwang Group and others.

Vendor Offerings -

• Alpek SAB de CV - The company offers purified terephthalic acid for plastic water bottles and food containers.
• Arkema Group - The company offers purified terephthalic acid, such as Kynar polyvinylidene fluoride (PVDF).
• BP Plc - The company offers purified terephthalic acid such as BP PTA technology.
• For details on the key vendors and their exclusive offerings – Request a sample report

Purified Terephthalic Acid (PTA) Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on application (polyester fiber, pet resins, films, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).

• The market share growth of the polyester fiber segment will be significant during the forecast period. The increasing use of PET fibers in the manufacturing of disposable medical garments with antibacterial and antifungal properties and their widespread use as fiberfill to insulate garments have increased their demand. In addition, growing environmental concerns about reducing carbon emissions from increasing plastic waste have increased the need to recycle PET materials. 

Geography Overview
By geography, the global purified terephthalic acid (PTA) market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global purified terephthalic acid (PTA) market.

• APAC is estimated to account for 52% of the market growth during the forecast period. The region is dominating the global PTA market, with many leading revenue-generating countries. Another key factor driving the demand for PTA as a flexible packaging solution in APAC is the rapid growth of the retail and e-commerce industry in the region. The e-commerce industry in Asian countries such as China and India has grown exponentially over the past decade. In India, for example, the market entry of e-retailers and online shops such as Amazon.com and Flipkart and the rise of mobile and internet connectivity are driving consumer spending and shifting preferences to online shopping. These factors have increased the demand for his PTA of flexible packaging in the region. 

For some key market insights on global, regional, and country-level parameters with
growth opportunities from 2017 to 2027 - Download a Sample Report

Purified Terephthalic Acid (PTA) Market – Market Dynamics

Key Trends - 

• Growing beverage consumption in Brazil, Russia, India, and China (BRIC) markets will be an emerging PTA market during the forecast period. 
• BRIC tops the world economic growth charts.
• GDP growth in these countries is estimated to exceed global GDP growth by about 26%.
• These countries are famous for their large, rapidly growing economies, fueled by the expanding beverage industry.
• These factors will support market growth during the forecast period.

Major challenges - 

• Crude oil price volatility is a major challenge hindering market growth. 
• The fluctuating price of the raw materials used to manufacture PET is a major challenge for the global PTA market.
• Prices of raw materials such as polymers and resins fluctuated in 2022 due to the war between Russia and Ukraine.
• After Russia invaded Ukraine, concerns over a global shortage of Russian oil supplies sent oil prices soaring above USD 120 a barrel.
• PET is a derivative of petroleum and natural gas. Therefore, the price of PET fluctuates in parallel with the price of natural gas and crude oil. 

Drivers, trends, and challenges affect the market dynamics, which can impact
businesses. Find more insights in a sample report!

What are the key data covered in this Purified Terephthalic Acid (PTA) Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the purified terephthalic acid (PTA) market between 2023 and 2027
• Precise estimation of the size of the purified terephthalic acid (PTA) market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the purified terephthalic acid (PTA) market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of purified terephthalic acid (PTA) market vendors

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Table of Contents :

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 13: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global purified terephthalic acid (PTA) market 2017 - 2021 
• Exhibit 17: Historic Market Size – Data Table on Global purified terephthalic acid (PTA) market 2017 - 2021 ($ billion)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 18: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.3 Geography Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.4 Country Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 21: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 22: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 23: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 24: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 25: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 26: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 27: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 28: Chart on Application - Market share 2022-2027 (%)
• Exhibit 29: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 30: Chart on Comparison by Application
• Exhibit 31: Data Table on Comparison by Application

• 6.3 Polyester fiber - Market size and forecast 2022-2027 
• Exhibit 32: Chart on Polyester fiber - Market size and forecast 2022-2027 ($ billion)
• Exhibit 33: Data Table on Polyester fiber - Market size and forecast 2022-2027 ($ billion)
• Exhibit 34: Chart on Polyester fiber - Year-over-year growth 2022-2027 (%)
• Exhibit 35: Data Table on Polyester fiber - Year-over-year growth 2022-2027 (%)

• 6.4 PET resins - Market size and forecast 2022-2027 
• Exhibit 36: Chart on PET resins - Market size and forecast 2022-2027 ($ billion)
• Exhibit 37: Data Table on PET resins - Market size and forecast 2022-2027 ($ billion)
• Exhibit 38: Chart on PET resins - Year-over-year growth 2022-2027 (%)
• Exhibit 39: Data Table on PET resins - Year-over-year growth 2022-2027 (%)

• 6.5 Films - Market size and forecast 2022-2027 
• Exhibit 40: Chart on Films - Market size and forecast 2022-2027 ($ billion)
• Exhibit 41: Data Table on Films - Market size and forecast 2022-2027 ($ billion)
• Exhibit 42: Chart on Films - Year-over-year growth 2022-2027 (%)
• Exhibit 43: Data Table on Films - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027 
• Exhibit 44: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 45: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 46: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 47: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 48: Market opportunity by Application ($ billion)
• Exhibit 49: Data Table on Market opportunity by Application ($ billion)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 50: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 51: Chart on Market share by geography 2022-2027 (%)
• Exhibit 52: Data Table on Market share by geography 2022-2027 (%)

• 8.2 Geographic comparison 
• Exhibit 53: Chart on Geographic comparison
• Exhibit 54: Data Table on Geographic comparison

• 8.3 APAC - Market size and forecast 2022-2027 
• Exhibit 55: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 8.4 North America - Market size and forecast 2022-2027 
• Exhibit 59: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 8.5 Europe - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 8.6 South America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 8.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 8.8 China - Market size and forecast 2022-2027 
• Exhibit 75: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on China - Year-over-year growth 2022-2027 (%)

• 8.9 South Korea - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South Korea - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on South Korea - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 8.10 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 8.11 Taiwan - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Taiwan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on Taiwan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on Taiwan - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Taiwan - Year-over-year growth 2022-2027 (%)

• 8.12 India - Market size and forecast 2022-2027 
• Exhibit 91: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on India - Year-over-year growth 2022-2027 (%)

• 8.13 Market opportunity by geography 
• Exhibit 95: Market opportunity by geography ($ billion)
• Exhibit 96: Data Tables on Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 97: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 98: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 99: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 100: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 101: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 102: Matrix on vendor position and classification

• 11.3 Alpek SAB de CV
• Exhibit 103: Alpek SAB de CV - Overview
• Exhibit 104: Alpek SAB de CV - Business segments
• Exhibit 105: Alpek SAB de CV - Key offerings
• Exhibit 106: Alpek SAB de CV - Segment focus

• 11.4 Arkema Group
• Exhibit 107: Arkema Group - Overview
• Exhibit 108: Arkema Group - Business segments
• Exhibit 109: Arkema Group - Key news
• Exhibit 110: Arkema Group - Key offerings
• Exhibit 111: Arkema Group - Segment focus

• 11.5 BP Plc
• Exhibit 112: BP Plc - Overview
• Exhibit 113: BP Plc - Business segments
• Exhibit 114: BP Plc - Key offerings
• Exhibit 115: BP Plc - Segment focus

• 11.6 China Petrochemical Corp. 
• Exhibit 116: China Petrochemical Corp. - Overview
• Exhibit 117: China Petrochemical Corp. - Business segments
• Exhibit 118: China Petrochemical Corp. - Key offerings
• Exhibit 119: China Petrochemical Corp. - Segment focus

• 11.7 Eastman Chemical Co.
• Exhibit 120: Eastman Chemical Co. - Overview
• Exhibit 121: Eastman Chemical Co. - Business segments
• Exhibit 122: Eastman Chemical Co. - Key offerings
• Exhibit 123: Eastman Chemical Co. - Segment focus

• 11.8 Indian Oil Corp. Ltd. 
• Exhibit 124: Indian Oil Corp. Ltd. - Overview
• Exhibit 125: Indian Oil Corp. Ltd. - Business segments
• Exhibit 126: Indian Oil Corp. Ltd. - Key offerings
• Exhibit 127: Indian Oil Corp. Ltd. - Segment focus

• 11.9 Indorama Ventures Public Co. Ltd. 
• Exhibit 128: Indorama Ventures Public Co. Ltd. - Overview
• Exhibit 129: Indorama Ventures Public Co. Ltd. - Business segments
• Exhibit 130: Indorama Ventures Public Co. Ltd. - Key offerings
• Exhibit 131: Indorama Ventures Public Co. Ltd. - Segment focus

• 11.10 INEOS Group Holdings SA 
• Exhibit 132: INEOS Group Holdings SA - Overview
• Exhibit 133: INEOS Group Holdings SA - Business segments
• Exhibit 134: INEOS Group Holdings SA - Key news
• Exhibit 135: INEOS Group Holdings SA - Key offerings
• Exhibit 136: INEOS Group Holdings SA - Segment focus

• 11.11 Jamorin International 
• Exhibit 137: Jamorin International - Overview
• Exhibit 138: Jamorin International - Product / Service
• Exhibit 139: Jamorin International - Key offerings

• 11.12 Lotte Chemical Corp.
• Exhibit 140: Lotte Chemical Corp. - Overview
• Exhibit 141: Lotte Chemical Corp. - Business segments
• Exhibit 142: Lotte Chemical Corp. - Key offerings
• Exhibit 143: Lotte Chemical Corp. - Segment focus

• 11.13 Mitsubishi Chemical Holdings Corp. 
• Exhibit 144: Mitsubishi Chemical Holdings Corp. - Overview
• Exhibit 145: Mitsubishi Chemical Holdings Corp. - Business segments
• Exhibit 146: Mitsubishi Chemical Holdings Corp. - Key offerings
• Exhibit 147: Mitsubishi Chemical Holdings Corp. - Segment focus

• 11.14 Reliance Industries Ltd. 
• Exhibit 148: Reliance Industries Ltd. - Overview
• Exhibit 149: Reliance Industries Ltd. - Business segments
• Exhibit 150: Reliance Industries Ltd. - Key news
• Exhibit 151: Reliance Industries Ltd. - Key offerings
• Exhibit 152: Reliance Industries Ltd. - Segment focus

• 11.15 Samsung Electronics Co. Ltd. 
• Exhibit 153: Samsung Electronics Co. Ltd. - Overview
• Exhibit 154: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 155: Samsung Electronics Co. Ltd. - Key news
• Exhibit 156: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 157: Samsung Electronics Co. Ltd. - Segment focus

• 11.16 Saudi Basic Industries Corp. 
• Exhibit 158: Saudi Basic Industries Corp. - Overview
• Exhibit 159: Saudi Basic Industries Corp. - Business segments
• Exhibit 160: Saudi Basic Industries Corp. - Key offerings
• Exhibit 161: Saudi Basic Industries Corp. - Segment focus

• 11.17 Sundyne LLC
• Exhibit 162: Sundyne LLC - Overview
• Exhibit 163: Sundyne LLC - Product / Service
• Exhibit 164: Sundyne LLC - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 165: Inclusions checklist
• Exhibit 166: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 167: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 168: Research methodology
• Exhibit 169: Validation techniques employed for market sizing
• Exhibit 170: Information sources

• 12.5 List of abbreviations 
• Exhibit 171: List of abbreviations

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