Global Terephthalic Acid Market Analysis, 2024-2030
Description
It is white color compound and is the main ingredient in the production of polyester fiber. Along with its use in fiber, it is useful in plastic containers production of food as well. Organic chemistry introduces it as benzene-1, 4-dicarboxylic acid due to its molecular structure. It mainly contains carboxylic acid and benzene. A long process consisting of many sub-processes gives the purest form of terephthalic acid.
Terephthalic acid is essential in polymer production mainly in polymer fiber, polyester fiber. Carrier in paints is another application of terephthalic acid. Coatings on automotive parts, appliances, and industrial coils make use of terephthalic acid. Sometimes the clothing industry and in the making of plastic bottles use it. The production process of products made of nylon and other polyester compounds make use of terephthalic acid.
The report on the global terephthalic acid market gives insights on the existing market conditions by conducting research over 305 hours of primary & secondary research. In accordance with the research report, the global terephthalic acid market is expanding its influence across geographies swiftly. This market is valued at US $ xx million dollars in 2018 and projected to reach a massive value of US $ xxx million dollars by the year end of 2023. During this forecast period, this market is expected to grow at the rate of xx% annually.
Due to its uses in diverse applications industries focused on raising polyesters use terephthalic acids extensively. They are mainly used in the clothing industry. Clothes, carpets, net, ropes, and curtains make use of terephthalic acid. Plastic bottles manufacturers add terephthalic acid to complete the manufacturing process. To increase demand for poly materials in the textile industry, people make use of terephthalic acid. Terephthalic acid is a basic substance requirement in the production of poly materials enhanced manufacturing of terephthalic acid in the market. All these factors are essential towards its stupendous growth globally.
Adverse environmental effects of terephthalic acid during production is a threat to its growth potential. Other reasons hampering the growth of terephthalic acid are manufacturing cost, and investment required.
Geographic regions mainly contributing towards growth of Global Terephthalic Acid market are US, Germany, China, India Brazil, and South Africa. Japan is also a worthy addition to the list with progress in manufacturing of Terephthalic Acid.
The dominating companies in global terephthalic acid market are Sinopec, Eastman Chemical Company, British Petroleum, Reliance, Awlpek, DuPont, SABIC, Mitsubishi Chemical Corporation, Indorama Ventures Public Company Ltd, Tianjin Petrochemical Co., Ltd., IOCL, HANWA CO. Ltd.
Our Approach
The research method employed here starts with the market segmentation of the global terephthalic acid industry, followed by the recognition of the growth factors influencing every market segment and then conducting the market forecast. Market forecasts here are conducted by taking into consideration the insights given by the industry experts across the terephthalic acid industry value chain. Market Krystal conducted over 40 hours of interviews dedicated to this study, the details of the same are stated below:
By company type:
Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (5%), Independent industry consultant (15%)
By geography:
North America (35%), Asia (40%), Europe (25%)
By designation:
Top level (30%), Operation level (25%), Mid-level (45%)
Contents of the report:
Terephthalic acid is essential in polymer production mainly in polymer fiber, polyester fiber. Carrier in paints is another application of terephthalic acid. Coatings on automotive parts, appliances, and industrial coils make use of terephthalic acid. Sometimes the clothing industry and in the making of plastic bottles use it. The production process of products made of nylon and other polyester compounds make use of terephthalic acid.
The report on the global terephthalic acid market gives insights on the existing market conditions by conducting research over 305 hours of primary & secondary research. In accordance with the research report, the global terephthalic acid market is expanding its influence across geographies swiftly. This market is valued at US $ xx million dollars in 2018 and projected to reach a massive value of US $ xxx million dollars by the year end of 2023. During this forecast period, this market is expected to grow at the rate of xx% annually.
Due to its uses in diverse applications industries focused on raising polyesters use terephthalic acids extensively. They are mainly used in the clothing industry. Clothes, carpets, net, ropes, and curtains make use of terephthalic acid. Plastic bottles manufacturers add terephthalic acid to complete the manufacturing process. To increase demand for poly materials in the textile industry, people make use of terephthalic acid. Terephthalic acid is a basic substance requirement in the production of poly materials enhanced manufacturing of terephthalic acid in the market. All these factors are essential towards its stupendous growth globally.
Adverse environmental effects of terephthalic acid during production is a threat to its growth potential. Other reasons hampering the growth of terephthalic acid are manufacturing cost, and investment required.
Geographic regions mainly contributing towards growth of Global Terephthalic Acid market are US, Germany, China, India Brazil, and South Africa. Japan is also a worthy addition to the list with progress in manufacturing of Terephthalic Acid.
The dominating companies in global terephthalic acid market are Sinopec, Eastman Chemical Company, British Petroleum, Reliance, Awlpek, DuPont, SABIC, Mitsubishi Chemical Corporation, Indorama Ventures Public Company Ltd, Tianjin Petrochemical Co., Ltd., IOCL, HANWA CO. Ltd.
Our Approach
The research method employed here starts with the market segmentation of the global terephthalic acid industry, followed by the recognition of the growth factors influencing every market segment and then conducting the market forecast. Market forecasts here are conducted by taking into consideration the insights given by the industry experts across the terephthalic acid industry value chain. Market Krystal conducted over 40 hours of interviews dedicated to this study, the details of the same are stated below:
By company type:
Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (5%), Independent industry consultant (15%)
By geography:
North America (35%), Asia (40%), Europe (25%)
By designation:
Top level (30%), Operation level (25%), Mid-level (45%)
Contents of the report:
- Insights on the global terephthalic acid industry dynamics
- Estimation of the current global terephthalic acid market size in terms of value and volume
- Global terephthalic acid market breakup based on application (polyester fibers, PET resins, films, others), end-user (home furnishings, bottling & packaging, textiles, others), and geography (North America, Europe, Asia-Pacific, Middle East, Africa, Latin America)
- Substantiated global terephthalic acid market forecast for the next five years
- In depth analysis of the key companies working across different nodes of global terephthalic acid industry value chain
Table of Contents
- 1. Introduction
- Purpose of the report
- Research methodology
- Executive summary
- 2. Product Overview
- Product analysis
- Portfolio analysis of top companies
- Value chain analysis
- Market dynamics
- 3. Global Market Analysis
- Global terephthalic acid market size (2024–2030)
- By value
- By volume
- Global terephthalic acid market share (2024–2030)
- By application
- By end-user
- By company
- By geography
- 4. North America Market Analysis
- North America terephthalic acid market size (2024–2030)
- By value
- By volume
- North America terephthalic acid market share (2024–2030)
- By application
- By end-user
- By company
- By geography
- 5. Europe Market Analysis
- Europe terephthalic acid market size (2024–2030)
- By value
- By volume
- Europe terephthalic acid market share (2024–2030)
- By application
- By end-user
- By company
- By geography
- 6. Asia-Pacific Market Analysis
- Asia-Pacific terephthalic acid market size (2024–2030)
- By value
- By volume
- Asia-Pacific terephthalic acid market share (2024–2030)
- By application
- By end-user
- By company
- By geography
- 7. Middle East Market Analysis
- Middle East terephthalic acid market size (2024–2030)
- By value
- By volume
- Middle East terephthalic acid market share (2024–2030)
- By application
- By end-user
- By company
- By geography
- 8. Africa Market Analysis
- Africa terephthalic acid market size (2024–2030)
- By value
- By volume
- Africa terephthalic acid market share (2024–2030)
- By application
- By end-user
- By company
- By geography
- 9. Latin America Market Analysis
- Latin America terephthalic acid market size (2024–2030)
- By value
- By volume
- Latin America terephthalic acid market share (2024–2030)
- By application
- By end-user
- By company
- By geography
- 10. Competitive Intelligence
- Sinopec
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 2
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 3
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 4
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 5
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 6
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 7
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 8
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- Company 9
- Company overview
- Product portfolio
- Recent developments
- Financial analysis
- 11. Appendix
- Primary research breakup
- List of interview participants
- Discussion guide
- Interview transcript
- About Market Krystal team
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