Purified Terephthalic Acid (PTA) Market by Application (Polyester, Polybutylene Terephthalate, Plasticizers), and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2023

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Date: 11-Jun-2018
No. of pages: 139
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“The Purified Terephthalic Acid (PTA) market is projected to grow at a CAGR of 5.1%from 2018 to 2023.”

The purified terephthalic acid market is estimated to be USD 48.14 billion in 2018 and is projected to reach USD 61.78 billion by 2023, at a CAGR of 5.1% from 2018 to 2023. The expansion of the textile industry contributes to the increased demand for polyester fiber & yarn, which in turn, is projected to drive the growth of the purified terephthalic acid market.PTA is used to manufacture PET bottles. The rising demand for PET packaging from the healthcare and food & beverage industries has led to the increased consumption of PTA. However, the overcapacity in the production of PTA in China has led to a decline in the global operating rate of PTA, thereby acting as a restraint to the growth of the purified terephthalic acid market.

“The polyester segment is expected to be the fastest-growing application segment of the purified terephthalic acid market during the forecast period.”

PTA is used to manufacture polyester, Polybutylene Terephthalate (PBT), and plasticizers. Based on application, the polyester segment is expected to grow at the highest CAGR during the forecast period, owing to the rising demand for polyester fiber & yarn from emerging economies, such as Brazil and Argentina.

“Asia Pacific is estimated to account for the largest share of the purified terephthalic acid market in 2018.”

China is the largest market for purified terephthalic acid in the Asia Pacific region, in terms of value. Key factors driving the growth of the China PTA market are increase in demand for fiber & yarn, rapid urbanization, and expansion of the packaged food industry in this country.

The South American region is expected to be the fastest-growing market for purified terephthalic acid during the forecast period. The growth of the purified terephthalic acid market in South America can be attributed to the increased demand for PTA from the textile industry in South American countries.

Profile break-up of primary participants for the report:


  • By Company Type: Tier 1 – 75%, Tier 2 – 10%,and Tier 3 – 15%

  • By Designation: C level – 70%, Director level – 5%, and Others – 25%

  • By Region: Asia Pacific – 45%, Europe– 30%, Middle East & Africa – 20%, and North America – 5%


As a part of the qualitative analysis, this research report provides a comprehensive overview of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by key players, such as British Petroleum (UK), Reliance Industries Limited (India), Sinopec Corporation (China), Indorama Ventures Public Company (Thailand), and SABIC (Saudi Arabia).

Research Coverage:

The report defines and segments the purified terephthalic acid market based on application and region. It provides detailed information regarding major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. The report also strategically profiles key players and comprehensively analyzes their market shares and core competencies. It analyzes competitive developments, such as partnerships, contracts, joint ventures, mergers & acquisitions, expansions, new product launches, and research & development activities undertaken by key players operating in the market.

Reasons to Buy the Report:

The report will help market leaders/new entrants by providing them the closest approximations of revenue numbers for the overall purified terephthalic acid market and its sub segments. It will help stakeholders understand the competitive landscape and gain insights to better position their businesses and make suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide information on key market drivers, restraints, opportunities, and challenges.

Purified Terephthalic Acid (PTA) Market by Application (Polyester, Polybutylene Terephthalate, Plasticizers), and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Regional Scope
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Significant Growth Opportunities in the PTA Market
4.2 PTA Market, By Region
4.3 Asia Pacific PTA Market, By Country and Polyester Grade
4.4 PTA Market, By Application and Region
4.5 Top 6 Countries in the PTA Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand for Polyester Fibers
5.2.1.2 Increasing Demand for Pet From the Bottling and Packaging Industry
5.2.2 Restraints
5.2.2.1 Overcapacity of PTA in China
5.2.2.2 Fluctuation in the Prices of Paraxylene
5.2.3 Opportunities
5.2.3.1 Replacement of Glass Bottles for Alcoholic Beverages With Pet Bottles
5.2.4 Challenges
5.2.4.1 Increasing Demand for Recycled Pet
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1.1 Textile Yarn Market
5.4.1.2 Pet Packaging Market
5.5 Manufacturing Process of Purified Terephthalic Acid
5.5.1 Introduction
5.5.2 Amoco Process
5.5.3 BP PTA Technology
5.5.4 IPT Technology
5.5.5 Mitsubishi Chemical Technology Process
5.5.6 Eastman Chemical PTA Technology Process
5.5.7 Henkel PTA Technology Process
5.6 Price Analysis
5.6.1 Short-Term Price Trend
5.6.2 Long-Term Price Trend

6 PTA Market, By Application
6.1 Introduction
6.2 Polyester
6.2.1 Polyester Application, By Grade
6.2.2 Polyester Application, By End User
6.3 Polybutylene Terephthalate (PBT)
6.4 Plasticizers
6.5 Others

7 PTA Market, By Region
7.1 Introduction
7.2 Asia Pacific
7.2.1 China
7.2.2 India
7.2.3 Japan
7.2.4 South Korea
7.2.5 Taiwan
7.2.6 Thailand
7.2.7 Indonesia
7.2.8 Rest of Asia Pacific
7.3 North America
7.3.1 US
7.3.2 Canada
7.3.3 Mexico
7.4 Europe
7.4.1 Germany
7.4.2 Italy
7.4.3 France
7.4.4 UK
7.4.5 Russia
7.4.6 The Netherlands
7.4.7 Poland
7.4.8 Rest of Europe
7.5 Middle East & Africa
7.5.1 Saudi Arabia
7.5.2 Iran
7.5.3 Turkey
7.5.4 Rest of Middle East & Africa
7.6 South America
7.6.1 Brazil
7.6.2 Argentina
7.6.3 Rest of South America

8 Competitive Landscape
8.1 Overview
8.2 Market Share Analysis
8.3 Competitive Situations & Trends
8.3.1 Expansions
8.3.2 Agreements
8.3.3 Acquisitions

9 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
9.1 British Petroleum
9.2 Reliance Industries Limited
9.3 Sinopec Corporation
9.4 Indorama Ventures Public Company
9.5 SABIC
9.6 Alpek
9.7 Eastman Chemical Company
9.8 Indian Oil Corporation
9.9 Lotte Chemical Corporation
9.10 Mitsubishi Chemical Corporation
9.11 Petkim Petrokimya Holding A.ª.
9.12 JBF Petrochemicals
9.13 MCPI
9.14 Jiaxing Petrochemical Co., Ltd. (JPCL)
9.15 Other Leading Players
9.15.1 China Prosperity (Jiangyin) Petrochemical Co. Ltd.,
9.15.2 Hanwha General Chemical Co., Ltd.
9.15.3 Hengli Petrochemical Co., Ltd.
9.15.4 Ompet
9.15.5 Oriental Petrochemical (Taiwan)
9.15.6 Oriental Petrochemical (Shanghai) Corporation
9.15.7 Shahid Tondgooyan Petrochemical Company (STPC)
9.15.8 PKN Orlen S.A.
9.15.9 PT Energi Mega Persada (EMP)
9.15.10 Taekwang Industrial Co., Ltd.
9.15.11 Zhejiang Hengyi Group Co., Ltd.

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

10 Appendix
10.1 Discussion Guide
10.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
10.3 Introducing RT: Real-Time Market Intelligence
10.4 Available Customizations
10.5 Related Reports
10.6 Author Details

List of Tables

Table 1 Textile Yarn Market, By Region, 2014–2021 (USD Million)
Table 2 PTA Market, By Application, 2016–2023 (USD Billion)
Table 3 PTA Market, By Application, 2016–2023 (Kilotons)
Table 4 PTA Market in Polyester Application, By Region, 2016–2023 (USD Million)
Table 5 PTA Market in Polyester Application, By Region, 2016–2023 (Kilotons)
Table 6 PTA Market in Polybutylene Terephthalate Application, By Region, 2016–2023 (USD Million)
Table 7 PTA Market in Polybutylene Terephthalate Application, By Region, 2016–2023 (Kilotons)
Table 8 PTA Market in Plasticizers Application, By Region, 2016–2023 (USD Million)
Table 9 PTA Market in Plasticizers Application, By Region, 2016–2023 (Kilotons)
Table 10 PTA Market in Other Applications, By Region, 2018–2023 (USD Million)
Table 11 PTA Market in Other Applications, By Region, 2018–2023 (Kilotons)
Table 12 PTA Market, By Region, 2016–2023 (USD Billion)
Table 13 PTA Market, By Region, 2016–2023 (Kilotons)
Table 14 PTA Market, By Application, 2016–2023 (USD Billion)
Table 15 PTA Market, By Application, 2016–2023 (Million Tons)
Table 16 Asia Pacific PTA Market, By Country, 2016–2023 (USD Million)
Table 17 Asia Pacific PTA Market, By Country, 2016–2023 (Kilotons)
Table 18 Asia Pacific PTA Market, By Application, 2016–2023 (USD Million)
Table 19 Asia Pacific PTA Market, By Application, 2016–2023 (Kilotons)
Table 20 China PTA Market, By Application, 2016–2023 (USD Million)
Table 21 China PTA Market, By Application, 2016–2023 (Kilotons)
Table 22 India PTA Market, By Application, 2016–2023 (USD Million)
Table 23 India PTA Market, By Application, 2016–2023 (Kilotons)
Table 24 Japan PTA Market, By Application, 2016–2023 (USD Million)
Table 25 Japan PTA Market, By Application, 2016–2023 (Kilotons)
Table 26 South Korea PTA Market, By Application, 2016–2023 (USD Million)
Table 27 South Korea PTA Market, By Application, 2016–2023 (Kilotons)
Table 28 Taiwan PTA Market, By Application, 2016–2023 (USD Million)
Table 29 Taiwan PTA Market, By Application, 2016–2023 (Kilotons)
Table 30 Thailand PTA Market, By Application, 2016–2023 (USD Million)
Table 31 Thailand PTA Market, By Application, 2016–2023 (Kilotons)
Table 32 Indonesia PTA Market, By Application, 2016–2023 (USD Million)
Table 33 Indonesia PTA Market, By Application, 2016–2023 (Kilotons)
Table 34 Rest of Asia Pacific PTA Market, By Application, 2016–2023 (USD Million)
Table 35 Rest of Asia Pacific PTA Market, By Application, 2016–2023 (Kilotons)
Table 36 North America PTA Market, By Country, 2016–2023 (USD Million)
Table 37 North America PTA Market, By Country, 2016–2023 (Kilotons)
Table 38 North America PTA Market, By Application, 2016–2023 (USD Million)
Table 39 North America PTA Market, By Application, 2016–2023 (Kilotons)
Table 40 US PTA Market, By Application, 2016–2023 (USD Million)
Table 41 US PTA Market, By Application, 2016–2023 (Kilotons)
Table 42 Canada PTA Market, By Application, 2016–2023 (USD Million)
Table 43 Canada PTA Market, By Application, 2016–2023 (Kilotons)
Table 44 Mexico PTA Market, By Application, 2016–2023 (USD Million)
Table 45 Mexico PTA Market, By Application, 2016–2023 (Kilotons)
Table 46 Europe PTA Market, By Country, 2016–2023 (USD Million)
Table 47 Europe PTA Market, By Country, 2016–2023 (Kilotons)
Table 48 Europe PTA Market, By Application, 2016–2023 (USD Million)
Table 49 Europe PTA Market, By Application, 2016–2023 (Kilotons)
Table 50 Germany PTA Market, By Application, 2016–2023 (USD Million)
Table 51 Germany PTA Market, By Application, 2016–2023 (Kilotons)
Table 52 Italy PTA Market, By Application, 2016–2023 (USD Million)
Table 53 Italy PTA Market, By Application, 2016–2023 (Kilotons)
Table 54 France PTA Market, By Application, 2016–2023 (USD Million)
Table 55 France PTA Market, By Application, 2016–2023 (Kilotons)
Table 56 UK PTA Market, By Application, 2016–2023 (USD Million)
Table 57 UK PTA Market, By Application, 2016–2023 (Kilotons)
Table 58 Russia PTA Market, By Application, 2016–2023 (USD Million)
Table 59 Russia PTA Market, By Application, 2016–2023 (Kilotons)
Table 60 Netherlands PTA Market, By Application, 2016–2023 (USD Million)
Table 61 Netherlands PTA Market, By Application, 2016–2023 (Kilotons)
Table 62 Poland PTA Market, By Application, 2016–2023 (USD Million)
Table 63 Poland PTA Market, By Application, 2016–2023 (Kilotons)
Table 64 Rest of Europe PTA Market, By Application, 2016–2023 (USD Million)
Table 65 Rest of Europe PTA Market, By Application, 2016–2023 (Kilotons)
Table 66 Middle East & Africa PTA Market, By Country, 2016–2023 (USD Million)
Table 67 Middle East & Africa PTA Market, By Country, 2016–2023 (Kilotons)
Table 68 Middle East & Africa PTA Market, By Application, 2016–2023 (USD Million)
Table 69 Middle East & Africa PTA Market, By Application,2016–2023 (Kilotons)
Table 70 Saudi Arabia PTA Market, By Application, 2016–2023 (USD Million)
Table 71 Saudi Arabia PTA Market, By Application, 2016–2023 (Kilotons)
Table 72 Iran PTA Market, By Application, 2016–2023 (USD Million)
Table 73 Iran PTA Market, By Application, 2016–2023 (Kilotons)
Table 74 Turkey PTA Market, By Application, 2016–2023 (USD Million)
Table 75 Turkey PTA Market, By Application, 2016–2023 (Kilotons)
Table 76 Rest of Middle East & Africa PTA Market, By Application, 2016–2023 (USD Million)
Table 77 Rest of Middle East & Africa PTA Market, By Application, 2016–2023 (Kilotons)
Table 78 South America PTA Market, By Country, 2016–2023 (USD Million)
Table 79 South America PTA Market, By Country, 2016–2023 (Kilotons)
Table 80 South America PTA Market, By Application, 2016–2023 (USD Million)
Table 81 South America PTA Market, By Application, 2016–2023 (Kilotons)
Table 82 Brazil PTA Market, By Application, 2016–2023 (USD Million)
Table 83 Brazil PTA Market, By Application, 2016–2023 (Kilotons)
Table 84 Argentina PTA Market, By Application, 2016–2023 (USD Million)
Table 85 Argentina PTA Market, By Application, 2016–2023 (Kilotons)
Table 86 Rest of South America PTA Market, By Application, 2016–2023 (USD Million)
Table 87 Rest of South America PTA Market, By Application, 2016–2023 (Kilotons)
Table 88 Expansions, January 2013–January 2018
Table 89 Agreements, January 2013–January 2018
Table 90 Acquisitions, January 2013–January 2018

List of Figures

Figure 1 PTA Market Segmentation
Figure 2 PTA Market: Research Design
Figure 3 Data Triangulation
Figure 4 Polyester Application Segment is Expected to Lead the PTA Market Between 2018 and 2023
Figure 5 Polyethylene Terephthalate (Pet) Grade Subsegment of the Polyester Application Segment is Expected to Grow at the Highest CAGR Between 2018 and 2023
Figure 6 Asia Pacific is Expected to Lead the PTA Market During the Forecast Period
Figure 7 Increase in Demand for PTA From the Polyester Industry is Projected to Drive the Growth of the PTA Market During the Forecast Period
Figure 8 The PTA Market in South America is Projected to Grow at the Highest CAGR From 2018 to 2023
Figure 9 The Fiber & Yarn Segment is Expected to Lead the Asia Pacific PTA Market in 2018
Figure 10 The Polyester Application Segment is Estimated to Account for the Largest Share Across All Regions in PTA Market, in 2018
Figure 11 China is Projected to Lead the PTA Market Between 2018 and 2023
Figure 12 Purified Terephthalic Acid Market: Drivers, Restraints, Opportunities, and Challenges
Figure 13 Global Fiber Consumption (2015)
Figure 14 Global Pet Production (2014 vs 2020)
Figure 15 PTA Market: Porter’s Five Forces Analysis
Figure 16 Amoco Process
Figure 17 History of BP PTA-Technology
Figure 18 Block Diagram of Mitsubishi PTA Technology Process
Figure 19 Monthly Average Price Variation for PTA in China in 2018
Figure 20 Region-Wise Average PTA Price Trend, 2016–2023
Figure 21 The Polyester Application Segment is Projected to Lead the PTA Market During the Forecast Period
Figure 22 Regional Snapshot
Figure 23 Asia Pacific PTA Market Snapshot
Figure 24 North America PTA Market Snapshot
Figure 25 Europe PTA Market Snapshot
Figure 26 Middle East & Africa PTA Market Snapshot
Figure 27 South America PTA Market Snapshot
Figure 28 Companies Adopted Organic Growth Strategies Between January 2013 and January 2018
Figure 29 Market Share Analysis of Top Players in the PTA Market, in 2017
Figure 30 British Petroleum: Company Snapshot
Figure 31 Reliance Industries Limited: Company Snapshot
Figure 32 Sinopec: Company Snapshot
Figure 33 Indorama Ventures Public Company: Company Snapshot
Figure 34 SABIC: Company Snapshot
Figure 35 Alpek: Company Snapshot
Figure 36 Eastman Chemical Company: Company Snapshot
Figure 37 Indian Oil Corporation: Company Snapshot
Figure 38 Lotte Chemical: Company Snapshot
Figure 39 Mitsubishi Chemical Corporation: Company Snapshot
Figure 40 Petkim Petrokimya Holding A.S.: Company Snapshot

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