Purified Terephthalic Acid Market Share, Size, key Drivers And Forecast 2032

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Purified Terephthalic Acid Global Market Report
2023
Market Size, Trends and Global Forecast 2023-2032
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Purified Terephthalic Acid Market Segments
The Business Research Company segments its
purified terephthalic acid market report as
Amoco Process, Co-Oxidation, Multistage
Oxidation, Henkel Process
By Process
Polyester, Polybutylene Terephthalate (PBT),
Plasticizers, Other Applications
By Application
By End User
Textile, PET Bottles, Packaging, Other End Users
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Market Statistics
The global purified terephthalic acid market size
is expected to grow from 47.11 billion in 2022
to 50.13 billion in 2023 at a compound annual
growth rate (CAGR) of 6.4. The purified
terephthalic acid market size is expected to
reach 62.11 billion in 2027 at a CAGR of 5.5.
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Key Market Drivers And Trends
Drivers
The increase in demand for polyester fibers is
expected to propel the purified terephthalic acid
market growth going forward.
Trends
Technological innovations are a key trend gaining
popularity in the purified terephthalic acid
market.
Region
North America was the largest region in the
purified terephthalic acid market in 2022. Europe
is expected to be the fastest-growing region in
the forecast period. The regions covered in the
purified terephthalic acid report are
Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East and
Africa.
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Key Market Players

• Major players in the Purified Terephthalic Acid
  market are
• Indian Oil Corporation
• Alpek S.A.B. de C.V
• British Petroleum PLC
• Reliance Industries Limited
• Saudi Basic Industries Corporation
• And more.

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