The global terephthalic acid market size was USD 56.48 Billion in 2022 and is expected to register a revenue CAGR of 4.9% during the forecast period. Rising demand for polyesters in textile and packaging industries, growing adoption of terephthalic acid in textile and home furnishing sector, rising global demand for Polyethylene Terephthalate (PET) resin from packaging materials, and increasing adoption of PET film as a protective layer in building materials are expected to drive market revenue growth.
This market intelligence assessment report weighs up on the potential region that reserves greater opportunities for this industry. Importantly, subject matter experts have taken into account every critical aspect right from the market size, share, and growth to the dramatic shift in the consumer behaviour and their growing spending capacity. The industry assessment study depicts a perfectly clear picture of both the past and the future trends to offer the stakeholders, business owners, and marketing executives an opportunity to zero in on an effective marketing strategy and boost sales.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Terephthalic Acid market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Eastman Chemical Company, DuPont, Reliance industries Limited, Indorama Ventures Public Company Limited, Tianjin Petrochemical Co., Ltd, SABIC, Sinopec, Mitsubishi Chemical Corporation, Karyopharm, Formosa Plastics, HANWA Co., Ltd., BP p.l.c. and Alpek S.A.B. de C.V.
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Emergen Research has segmented the global Terephthalic Acid market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
- Manufacturing Process Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
- Amoco process
- Cooxidation
- Multistage oxidation
- Henkel process
- Derivate Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
- Polybutylene Terephthalate
- Polyethylene Terephthalate
- Polytrimethylene Terephthalate
- Dimethyl Terephthalate
- Application Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
- Paints
- Polyester Coatings
- Adhesives
- Polyester Fibers
- Bottles
- Others
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Terephthalic Acid Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Terephthalic Acid Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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