Purified terephthalic acid (PTA) is primarily used in the large-scale production of polyesters such as polyester fiber and more. In addition, purified terephthalic acid (PTA) is the core ingredient in the production of polyethylene terephthalate (PET), which is extensively used in a range of industrial sectors, including food & beverages and consumer good packaging. At present, leading players involved in the current Asia Pacific purified terephthalic acid (PTA) market are increasingly focusing on two major aspects– enhancing the production capacity of their manufacturing plants and minimizing their carbon footprint. The growing demand for purified terephthalic acid (PTA) from the polyester industry is a leading factor that is expected to drive the growth of the Asia Pacific purified terephthalic acid (PTA) market.
In addition, in a few industries, the potential of purified terephthalic acid (PTA) for wastewater treatment is currently being explored– another factor that could open up new opportunities for the manufacturers operating in the Asia Pacific purified terephthalic acid (PTA) market. At present, due to the limitations of conventional purification techniques, market players are also focusing on improving the efficiency of the new process of obtaining purified terephthalic acid (PTA). As per current observations, the Asia Pacific region is expected to offer lucrative opportunities to the players involved in the purified terephthalic acid (PTA) market in the region due to the booming industrial sector and high concentration of key manufacturers of purified terephthalic acid (PTA).
At the back of these factors, along with the growing demand for polyester products around the world, the Asia Pacific purified terephthalic acid (PTA) market is expected to surpass US$ 132 Bn mark by the end of 2030.
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The chemical sector around the world continues to face timely pressure from the regulatory bodies and government agencies, due to the negative impact on the environment. As environment protection laws and regulations around the world continue to become stringent, efforts are in place to discover sustainable and eco-friendly techniques for purified terephthalic acid (PTA) production. Several research projects and initiatives are currently targeting the production of purified terephthalic acid (PTA) from renewable sources. In addition, the early-stage sustainability analysis of a bio-PET precursor is being carried out to assess the environmental impact of the alternative production techniques for purified terephthalic acid (PTA). In addition, considerable resources are being invested to encourage the production of purified terephthalic acid (PTA) via bio-routes. The growing emphasis on safeguarding the environment and shift toward sustainable production of purified terephthalic acid (PTA) is expected to attract investments toward the Asia Pacific purified terephthalic acid (PTA) market due to which, the market is anticipated to grow at a steady pace during the assessment period.
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As per the analysts at Transparency Market Research, developing nations of the Asia Pacific region, including India, China, and Vietnam, are likely to emerge as main exporters of purified terephthalic acid (PTA) during the assessment period. Over the past years, the prices of purified terephthalic acid (PTA) in the Asia Pacific region have witnessed a gradual rise due to the improving demand trends. The positive market sentiments in the Asia Pacific region are likely to have a positive impact on the overall growth of the Asia Pacific purified terephthalic acid (PTA) market. The developing countries of the Asia Pacific, including India, China, and the ASEAN countries are likely to be promising markets for purified terephthalic acid (PTA) during the assessment period.
Due to the ongoing COVID-19 pandemic, the global demand for purified terephthalic acid (PTA) is expected to witness a gradual decline in 2020 in comparison with 2019. Stringent lockdown measures, restrictions on trade, and transportation, particularly in the first half of 2020, is expected to have a strong impact on the overall growth of the Asia Pacific purified terephthalic acid (PTA) market in 2020. In addition, the dwindling demand from key end-use industries is another major factor that is projected to stall the growth of the Asia Pacific purified terephthalic acid (PTA) market in 2020. However, as lockdowns on the industrial sector in several regions of the world have been lifted, the market is showing signs of recovery. The demand for purified terephthalic acid (PTA) in the second half of 2020 has witnessed steady growth– a factor that could potentially improve the prospects of the purified terephthalic acid (PTA) during the ongoing COVID-19 crisis.
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Analysts’ Viewpoint
The Asia Pacific purified terephthalic acid (PTA) market is expected to grow at an impressive CAGR of ~8% during the assessment period. The market growth can be primarily attributed to factors such as growing demand for purified terephthalic acid (PTA) for polyester production, growing investments in research and development, growing emphasis on innovation due to evolving regulatory landscape, and high demand from the Asia Pacific region.
Asia Pacific Purified Terephthalic Acid (PTA) Market: Overview
Asia Pacific Purified Terephthalic Acid (PTA) Market: Key Drivers and Restraints
Asia Pacific Purified Terephthalic Acid (PTA) Market Segmentation
China to be Highly Lucrative Country for Purified Terephthalic Acid (PTA) Market in Asia Pacific
Asia Pacific Purified Terephthalic Acid (PTA) Market: Competition Landscape
Asia Pacific Purified Terephthalic Acid (PTA) Market – Segmentation
TMR’s study on the purified terephthalic acid (PTA) market in Asia Pacific has been segmented based on application, end use, and region. Changing market trends and other crucial market dynamics associated with these segments of the purified terephthalic acid (PTA) market in Asia Pacific have been discussed in detail.
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1. Executive Summary
1.1. Asia Pacific Market Outlook
1.2. Key Facts and Figures
1.3. Trends Impacting Market
1.4. TMR’s Growth Opportunity Wheel
2. Market Overview
2.1. Market Segmentation
2.2. Market Indicators
2.3. Market Definitions
2.4. Market Dynamics
2.4.1. Drivers
2.4.2. Restraints
2.4.3. Opportunities
2.5. Market Outlook
2.6. Porters Five Forces Analysis
2.7. Value Chain Analysis
2.7.1. List of Purified Terephthalic Acid (PTA) Formaldehyde Latex Manufacturers
2.7.2. List of Suppliers
2.7.3. List of Potential Customers
3. Covid-19 Impact Analysis
4. Asia Pacific Production Output Analysis, by Country
4.1. China
4.2. India
4.3. Japan
4.4. ASEAN
4.5. Rest of Asia Pacific
5. Asia Pacific Purified Terephthalic Acid (PTA) Market Price Trend Analysis, 2019–2030
5.1. By Country
6. Asia Pacific Purified Terephthalic Acid (PTA) Market Analysis and Forecast, by Application
6.1. Key Findings, by Application
6.2. Asia Pacific Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
6.2.1. PET Resin
6.2.2. Polyester Fibers
6.2.3. Polyester Films
6.2.4. Others
6.3. Asia Pacific Purified Terephthalic Acid (PTA) Market Attractiveness Analysis, by Application
7. Asia Pacific Purified Terephthalic Acid (PTA) Market Analysis and Forecast, by End-use
7.1. Key Findings, by End-use
7.2. Asia Pacific Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2019–2030
7.2.1. Packaging
7.2.2. Textile
7.2.3. Electronics & Electrical
7.2.4. Automotive
7.2.5. Construction
7.2.6. Others
7.3. Asia Pacific Purified Terephthalic Acid (PTA) Market Attractiveness Analysis, by End-use
8. Asia Pacific Purified Terephthalic Acid (PTA) Market Analysis and Forecast, by Country
8.1. Key Findings
8.2. Asia Pacific Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn), by Region, 2019–2030
8.2.1. Asia Pacific
8.2.1.1. China
8.2.1.2. Japan
8.2.1.3. India
8.2.1.4. ASEAN
8.2.1.5. Rest of Asia Pacific
8.3. Asia Pacific Purified Terephthalic Acid (PTA) Market Attractiveness Analysis, by Country and Sub-region
8.4. China Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
8.4.1. PET Resin
8.4.2. Polyester Fibers
8.4.3. Polyester Films
8.4.4. Others
8.5. China Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2019–2030
8.5.1. Packaging
8.5.2. Textile
8.5.3. Electronics & Electrical
8.5.4. Automotive
8.5.5. Construction
8.5.6. Others
8.6. India Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
8.6.1. PET Resin
8.6.2. Polyester Fibers
8.6.3. Polyester Films
8.6.4. Others
8.7. India Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2019–2030
8.7.1. Packaging
8.7.2. Textile
8.7.3. Electronics & Electrical
8.7.4. Automotive
8.7.5. Construction
8.7.6. Others
8.8. Japan Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
8.8.1. PET Resin
8.8.2. Polyester Fibers
8.8.3. Polyester Films
8.8.4. Others
8.9. Japan Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2019–2030
8.9.1. Packaging
8.9.2. Textile
8.9.3. Electronics & Electrical
8.9.4. Automotive
8.9.5. Construction
8.9.6. Others
8.10. Thailand Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
8.10.1. PET Resin
8.10.2. Polyester Fibers
8.10.3. Polyester Films
8.10.4. Others
8.11. Thailand Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2019–2030
8.11.1. Packaging
8.11.2. Textile
8.11.3. Electronics & Electrical
8.11.4. Automotive
8.11.5. Construction
8.11.6. Others
8.12. ASEAN Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
8.12.1. PET Resin
8.12.2. Polyester Fibers
8.12.3. Polyester Films
8.12.4. Others
8.13. ASEAN Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2019–2030
8.13.1. Packaging
8.13.2. Textile
8.13.3. Electronics & Electrical
8.13.4. Automotive
8.13.5. Construction
8.13.6. Others
8.14. Rest of Asia Pacific Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn) Forecast, by Application, 2019–2030
8.14.1. PET Resin
8.14.2. Polyester Fibers
8.14.3. Polyester Films
8.14.4. Others
8.15. Rest of Asia Pacific Purified Terephthalic Acid (PTA) Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use, 2019–2030
8.15.1. Packaging
8.15.2. Textile
8.15.3. Electronics & Electrical
8.15.4. Automotive
8.15.5. Construction
8.15.6. Others
9. Competition Landscape
9.1. Competition Matrix, by Key Players
9.2. Asia Pacific Purified Terephthalic Acid (PTA) Market Share Analysis, by Company (2018)
9.3. Market Footprint Analysis
9.3.1. By Application
9.4. Competitive Business Strategies
9.5. Company Profiles
9.5.1. Mitsubishi Chemical Corporation.
9.5.1.1. Company Description
9.5.1.2. Business Overview
9.5.1.3. Financial Overview
9.5.1.4. Product Portfolio
9.5.1.5. Strategic outlook
9.5.2. Indorama Ventures Public Company Limited
9.5.2.1. Company Description
9.5.2.2. Business Overview
9.5.2.3. Financial Overview
9.5.2.4. Product Portfolio
9.5.3. LOTTE Chemical CORPORATION
9.5.3.1. Company Description
9.5.3.2. Business Overview
9.5.3.3. Financial Overview
9.5.3.4. Product Portfolio
9.5.4. Reliance Industries Limited
9.5.4.1. Company Description
9.5.4.2. Business Overview
9.5.4.3. Financial Overview
9.5.4.4. Product Portfolio
9.5.5. BP Plc
9.5.5.1. Company Description
9.5.5.2. Business Overview
9.5.5.3. Financial Overview
9.5.5.4. Product Portfolio
9.5.6. SAMYANG HOLDINGS CORPORATION.
9.5.6.1. Company Description
9.5.6.2. Business Overview
9.5.6.3. Financial Overview
9.5.6.4. Product Portfolio
9.5.7. Mitsui Chemicals, Inc.
9.5.7.1. Company Description
9.5.7.2. Business Overview
9.5.7.3. Financial Overview
9.5.7.4. Product Portfolio
9.5.8. Hanwha Group
9.5.8.1. Company Description
9.5.8.2. Business Overview
9.5.8.3. Financial Overview
9.5.8.4. Product Portfolio
9.5.9. JBF Industries Ltd
9.5.9.1. Company Description
9.5.9.2. Business Overview
9.5.9.3. Financial Overview
9.5.9.4. Product Portfolio
9.5.10. Indian Oil Corporation Ltd
9.5.10.1. Company Description
9.5.10.2. Product Portfolio
9.5.11. Oriental Petrochemical (Shanghai) Corporation
9.5.11.1. Company Description
9.5.11.2. Product Portfolio
9.5.12. TAEKWANG Industrial Co., ltd.
9.5.12.1. Company Description
9.5.12.2. Product Portfolio
9.5.13. Xianglu Petrochemical Co., Ltd.
9.5.13.1. Company Description
9.5.13.2. Product Portfolio
9.5.14. Moradia Brothers Chem Pvt. Ltd.
9.5.14.1. Company Description
9.5.14.2. Product Portfolio
10. Key Primary Insights
List of Tables
Table 1 Asia Pacific Purified Terephthalic Acid (PTA) Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 2 Asia Pacific Purified Terephthalic Acid (PTA) Market Volume (Tons) Forecast, by End-use, 2019–2030
Table 3 Asia Pacific Purified Terephthalic Acid (PTA) Market Volume (Tons) Forecast, by Region, 2019–2030
Table 4 China Purified Terephthalic Acid (PTA) Market Volume (Tons) Forecast, by End-use, 2019–2030
Table 5 India Purified Terephthalic Acid (PTA) Market Revenue (US$ Mn) Forecast, by End-use, 2019–2030
Table 6 Japan Purified Terephthalic Acid (PTA) Market Volume (Tons) Forecast, by End-use, 2019–2030
Table 7 Japan Purified Terephthalic Acid (PTA) Market Revenue (US$ Mn) Forecast, by End-use, 2019–2030
Table 8 ASEAN Purified Terephthalic Acid (PTA) Market Volume (Tons) Forecast, by End-use, 2019–2030
Table 9 ASEAN Purified Terephthalic Acid (PTA) Market Revenue (US$ Mn) Forecast, by End-use, 2019–2030
Table 10 Rest of Asia Pacific Purified Terephthalic Acid (PTA) Market Volume (Tons) Forecast, by End-use, 2019–2030
Table 11 Rest of Asia Pacific Purified Terephthalic Acid (PTA) Market Revenue (US$ Mn) Forecast, by End-use, 2019–2030
List of Figures
Figure 1 Asia Pacific Purified Terephthalic Acid (PTA) Market Volume Share Analysis, by End-use, 2019, 2025, and 2030
Figure 2 Asia Pacific Purified Terephthalic Acid (PTA) Market Attractiveness Analysis, by End-use
Figure 3 Asia Pacific Purified Terephthalic Acid (PTA) Market Volume Share Analysis, by Region, 2019, 2025, and 2030
Figure 4 Asia Pacific Purified Terephthalic Acid (PTA) Market Attractiveness Analysis, by Region