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Global Purified Terephthalic Acid (PTA) Market 2017-2021

Global Purified Terephthalic Acid (PTA) Market 2017-2021

About Purified Terephthalic Acid (PTA)

Terephthalic acid is a colorless solid material with the chemical formula C6H4(CO2H)2. It is difficult to dissolve in water or other liquids. It is largely used in manufacturing polyester, textiles, and plastic bottles. The common method for producing PTA is the Amoco process. It is produced by the oxidation of paraxylene, and the oxidation process includes acetic acid as solvent and the cobalt–manganese–bromide catalyst. A feed mixture containing paraxylene, acetic acid, and the catalyst system with compressed air is fed to a reactor.

Technavio’s analysts forecast the global purified terephthalic acid (PTA) market to grow at a CAGR of 7.51% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global purified terephthalic acid (PTA) market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Purified Terephthalic Acid (PTA) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BP
  • China Petrochemical
  • Eastman
  • Mitsubishi Chemical Holdings
  • Reliance Industries
Other prominent vendors
  • Alpek
  • CEPSA
  • DowDuPont
  • Far Eastern Group
  • Formosa Petrochemical
  • Hanwha Group
  • Hengli Petrochemicals
  • JBF Industries
  • LOTTE CHEMICAL
  • Oriental Petrochemical (Taiwan)
  • Indorama Ventures Public Company
  • Indian Oil
  • SABIC
  • TAEKWANG INDUSTRIAL
  • TONGKUN GROUP
  • Zhejiang Hengyi Group
Market driver
  • Increase in demand from polyester fibers
  • For a full, detailed list, view our report
Market challenge
  • Volatility of crude oil price
  • For a full, detailed list, view our report
Market trend
  • PET bottle packaging for alcoholic beverages
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Purified Terephthalic Acid (PTA) Market 2017-2021

Technavio recognizes the following companies as the key players in the global purified terephthalic acid (PTA) market: BP, China Petrochemical, Eastman, Mitsubishi Chemical Holdings, and Reliance Industries.

Other Prominent Vendors in the market are: Alpek, CEPSA, DowDuPont, Far Eastern Group, Formosa Petrochemical, Hanwha Group, Hengli Petrochemicals, JBF Industries, LOTTE CHEMICAL, Oriental Petrochemical (Taiwan), Indorama Ventures Public Company, Indian Oil, SABIC, TAEKWANG INDUSTRIAL, TONGKUN GROUP, and Zhejiang Hengyi Group.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is PET bottle packaging for alcoholic beverages. Many vendors are exploring new ways for the packaging of alcoholic beverages. Many alcoholic beverage vendors are considering PET bottles for the packaging of alcoholic beverages such as beer and wine as PET can maintain the appearance and stability of an alcoholic beverage and is lighter than glass. Incorporating PET bottles will lead to enhanced supply chain management, lower production cost, more margin, and higher sustainability.”

According to the report, one driver in the market is increase in demand from polyester fibers. PTA is largely used to produce polyester fibers. It acts as a feedstock along with mono-ethylene glycol and other chemicals for producing synthetic polymers. It is largely preferred due to its abundant availability, the simple chemical process of polyester synthesis, superior mechanical properties, enhanced chemical properties, recyclability, and a wide range of intermediates to be produced from polyester fibers. Polyester fibers are largely used to manufacture apparels such as top-weight and bottom-weight fabrics; household and institutional textiles such as sheets and pillowcases, towels, curtains, draperies, upholstery, and bed ticking; carpets and rugs; and industrial and consumer textiles. Industrial and consumer textiles have the highest consumption of polyester fiber, followed by apparel and household and institutional textiles.

Further, the report states that one challenge in the market is volatility of crude oil price. In recent years, the increasing costs of commodities have led to a lot of financial pressure on numerous commodity producers. After the global crisis, the cost of crude oil has been fluctuating, which is affecting the cost of raw materials derived from crude oil for manufacturing other products. Packaged consumer goods prices saw double-digit growth in the past few years. The major economies are yet to recover from the global crisis; some are still facing the same situation, and some have recovered from the crisis. A large portion of the global economy is on the path to recovery, yet the prices of raw materials are yet to stabilize. Many vendors do not have the adaptability to respond to market volatility rapidly.

Companies Mentioned

BP, China Petrochemical, Eastman, Mitsubishi Chemical Holdings, Reliance Industries, Alpek, CEPSA, DowDuPont, Far Eastern Group, Formosa Petrochemical, Hanwha Group, Hengli Petrochemicals, JBF Industries, LOTTE CHEMICAL, Oriental Petrochemical (Taiwan), Indorama Ventures Public Company, Indian Oil, SABIC, TAEKWANG INDUSTRIAL, TONGKUN GROUP, and Zhejiang Hengyi Group.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Overview
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global specialty chemicals market
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition: Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table Global PTA market – Market size and forecast 2016-2021 ($ billions)
      • Table Global PTA market – Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis
  • Market segmentation by application
    • Segmentation by application
      • Table Application – Market share 2016-2021 (%)
    • Comparison by application
      • Table Comparison by application
    • Polyester fiber – Market size and forecast 2016- 2021
      • Table Polyester fiber – Market size and forecast 2016-2021 ($ billions)
      • Table Polyester fiber – Year-over-year growth 2017-2021 (%)
    • PET resins – Market size and forecast 2016-2021
      • Table PET resins – Market size and forecast 2016-2021 ($ billions)
      • Table PET resins – Year-over-year growth 2017-2021 (%)
    • Films – Market size and forecast 2016-2021
      • Table Films – Market size and forecast 2016-2021 ($ billions)
      • Table Films – Year-over-year growth 2017-2021 (%)
    • Others – Market size and forecast 2016-2021
      • Table Others – Market size and forecast 2016-2021 ($ billions)
      • Table Others – Year-over-year growth 2017-2021 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Regional landscape
    • Geographical segmentation
      • Table Global PTA market – Market share 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC – Market size and forecast 2016-2021
      • Table APAC – Market size and forecast 2016-2021 ($ billions)
      • Table APAC – Year-over-year growth 2017-2021 (%)
    • Americas – Market size and forecast 2016-2021
      • Table Americas – Market size and forecast 2016-2021 ($ billions)
      • Table Americas – Year-over-year growth 2017-2021 (%)
    • EMEA – Market size and forecast 2016-2021
      • Table EMEA – Market size and forecast 2016-2021 ($ billions)
      • Table EMEA – Year-over-year growth 2017-2021 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Polyester fiber consumption
      • Table Properties of PTA
    • Market challenges
  • Market trends
    • PET bottle packaging for alcoholic beverages
    • Bio-routes for producing paraxylene
    • Rise in demand from household furnishing
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Vendor analysis
    • Vendors covered
    • BP
      • Table BP: Business segmentation by revenue 2016
      • Table BP: Geographical segmentation by revenue 2016
      • Table BP: PTA product
    • China Petrochemical
      • Table China Petrochemical: Business segmentation by revenue 2016
      • Table China Petrochemical: Geographical segmentation by revenue 2016
      • Table China Petrochemical: PTA product
    • Eastman
      • Table Eastman: Business segmentation by revenue 2016
      • Table Eastman: Geographical segmentation by revenue 2016
      • Table Eastman: PTA products
    • Mitsubishi Chemical Holdings
      • Table Mitsubishi Chemical Holdings: Business segmentation by revenue 2016
      • Table Mitsubishi Chemical Holdings: Geographical segmentation by revenue 2016
      • Table Mitsubishi Chemical Holdings: PTA product
    • Reliance Industries
      • Table Reliance Industries: Business segmentation by revenue 2016
      • Table Reliance Industries: Geographical segmentation by revenue 2016
      • Table Reliance Industries: PTA product
  • Appendix
    • List of abbreviations
  • Explore Technavio

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