Terephthalic acid is a white solid organic compound with a chemical formula C6H4(CO2H)2. It is a commodity chemical used as a precursor to pet polyester, which is employed in making plastic bottles and clothes. The synthesis of crude oil produces purified terephthalic acid. It is used in producing high performance multi-purpose plastics, for instance polybutyl terephthalic, polyethylene terephthalic and the latest bio plastics. Purified terephthalic is produced from the reaction between a secondary petroleum product, popular as paraxylene (PX) and an acetic acid. It is generally used in the manufacture of liquid crystal polymers, tereohtyaloyl chloride, and copolyester-ether elastomers.
MARKET DYNAMICS
Continuous increase in the demand for polyester fibers has driven the growth of the purified terephthalic acid market. Also, the heightening need for polyethylene terephthalate is a factor driving the market towards expansion. However, the level of toxicity generated during the production of purified terephthalic acids, cause mild skin and eyes irritation. This in turn restraints the growth of the purified terephthalic acid market. There are chances of replacement of glass bottles with polyethylene terephthalic bottles in the near future. This replacement will act as an opportunity for the growth of the market.
MARKET SCOPE
The "Global Purified Terephthalic Acid Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the purified terephthalic acid market with detailed market segmentation by manufacturing process, application and geography. The global purified terephthalic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading purified terephthalic acid players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global purified terephthalic acid market is segmented on the basis of manufacturing process, application and geography. On the basis of manufacturing process, the market classify into amoco process, co-oxidation, multistage oxidation and henkel process. The market on the basis of application is broken into polyester production, plasticisers, liquid crystal polymers, textiles, bottling & packaging, furnishing and others.
(image)
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the purified terephthalic acid market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The purified terephthalic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the purified terephthalic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the purified terephthalic acid market in these regions.
(image)
MARKET PLAYERSThe reports cover key developments in the purified terephthalic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from purified terephthalic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for purified terephthalic acid in the global market. Below mentioned is the list of few companies engaged in the purified terephthalic acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the purified terephthalic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Alfa Group
-Alpek
-Indian Oil Corporation
-JBF Petrochemicals Ltd.
-Lotte Chemical
-Mitsui Chemicals
-Reliance Industries Limited
-SABIC
-Samsung Petrochemical Co. Ltd.
-Sinopec Yizheng Chemical Fibre Company
(image)