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    Terephthalic Acid Market Report

    Terephthalic Acid Market Report
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    Terephthalic Acid Market Size, Share, Trend, Forecast, & Industry Analysis – 202 See more...

    Impact of COVID-19 on Terephthalic Acid Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Terephthalic Acid Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Terephthalic Acid Market Insights

    Terephthalic Acid Market is likely to witness an impressive CAGR of 5.4% during the forecast period. The prime factor driving the terephthalic acid market is the packaging industry across the globe along with the advancement in production technology.

    Terephthalic Acid Market – Snapshot

    Growth

    5.4% for the next five years

    Major Application Type

    PET Resin

    Dominant End-use Type

    Bottling & Packaging

    Region with the highest demand

    Asia Pacific

    Key Players

    Reliance Industries Limited (India), British Petroleum (UK), Sinopec Corporation (China), Indorama Ventures Public Company (Thailand), SABIC (Saudi Arabia).

     

    Market Share Analysis

    Terephthalic-Acid-Market-Dominant-Segments

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    Terephthalic Acid Market Share: By Application Type

    Based on the application type, the terephthalic acid market is segmented as PET resins, polyester fiber, and films. The PET resin segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. Rising demand for PET resins in water bottles and soft drink bottles is expected to augment the market growth over the forecast period. Rising consumption of PET resins in packaging fresh and prepared foods will increase the market size, which is expected to grow over the forecast period.

    Terephthalic Acid Market Share: By End-Use Type

    Based on the end-use type, the terephthalic acid market is segmented as textile, bottling & packaging, and home furnishing. The bottling & packaging segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. The growth of this segment is due to wide usage of PTA in take-out containers, ketchup jars, baked goods containers, household products, frozen foods, bottled water, cosmetics, juices, and carbonated drinks.

    Terephthalic Acid Market Share: By Region

    In terms of regions, Asia Pacific is estimated to be the largest as well as the fastest-growing market for terephthalic acid during the forecast period, followed by North America and Europe, with developing countries such as France, Germany, Spain, and the UK being the major countries with lucrative growth opportunities. The rise in demand for terephthalic acid and increase in consumption of PET bottles are anticipated to influence the growth of the terephthalic acid market in the region.

    Terephthalic-Acid-Market-By-Region

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    Some of the major companies into this market are-

    • Reliance Industries Limited (India)
    • British Petroleum (UK)
    • Sinopec Corporation (China)
    • Indorama Ventures Public Company (Thailand)
    • SABIC (Saudi Arabia).

     

    Market Scope & Segmentation

    Terephthalic Acid Market is growing at a very impressive CAGR of 5.4%. With the formula C6H4(CO2H)2, terephthalic acid is an organic compound, which is a white solid commodity chemical, used principally as a precursor to polyester PET, used to make clothing and plastic bottles.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Terephthalic Acid Market Research Report – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The terephthalic acid market is segmented into the following categories. 

    Terephthalic Acid Market Size, Share, & Forecast, by Application Type:

    • PET Resins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyester Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Terephthalic Acid Market Size, Share, & Forecast, by End-Use Type:

    • Textile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Bottling & Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Home Furnishing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Terephthalic Acid Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Terephthalic-Acid-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players

    Market Segmentation

    • Current market segmentation of any one of the application types by end-use type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The terephthalic acid market is expected to witness an impressive growth of 5.4% CAGR in the foreseeable future.

    Reliance Industries Limited (India), British Petroleum (UK), Sinopec Corporation (China), Indorama Ventures Public Company (Thailand), and SABIC (Saudi Arabia) are among the key players in the terephthalic acid market.

    Asia-pacific is expected to remain the largest terephthalic acid market during the next five years.

    The PET resin segment is expected to remain dominant in the terephthalic acid market in the coming years.

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