Global Purified Terephthalic Acid (PTA) Market 2017-2021
About Purified Terephthalic Acid (PTA)
Terephthalic acid is a colorless solid material with the chemical formula C6H4(CO2H)2. It is difficult to dissolve in water or other liquids. It is largely used in manufacturing polyester, textiles, and plastic bottles. The common method for producing PTA is the Amoco process. It is produced by the oxidation of paraxylene, and the oxidation process includes acetic acid as solvent and the cobalt–manganese–bromide catalyst. A feed mixture containing paraxylene, acetic acid, and the catalyst system with compressed air is fed to a reactor.
Technavio’s analysts forecast the global purified terephthalic acid (PTA) market to grow at a CAGR of 7.51% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global purified terephthalic acid (PTA) market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Purified Terephthalic Acid (PTA) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• BP
• China Petrochemical
• Eastman
• Mitsubishi Chemical Holdings
• Reliance Industries
Other prominent vendors
• Alpek
• CEPSA
• DowDuPont
• Far Eastern Group
• Formosa Petrochemical
• Hanwha Group
• Hengli Petrochemicals
• JBF Industries
• LOTTE CHEMICAL
• Oriental Petrochemical (Taiwan)
• Indorama Ventures Public Company
• Indian Oil
• SABIC
• TAEKWANG INDUSTRIAL
• TONGKUN GROUP
• Zhejiang Hengyi Group
Market driver
• Increase in demand from polyester fibers
• For a full, detailed list, view our report
Market challenge
• Volatility of crude oil price
• For a full, detailed list, view our report
Market trend
• PET bottle packaging for alcoholic beverages
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Terephthalic acid is a colorless solid material with the chemical formula C6H4(CO2H)2. It is difficult to dissolve in water or other liquids. It is largely used in manufacturing polyester, textiles, and plastic bottles. The common method for producing PTA is the Amoco process. It is produced by the oxidation of paraxylene, and the oxidation process includes acetic acid as solvent and the cobalt–manganese–bromide catalyst. A feed mixture containing paraxylene, acetic acid, and the catalyst system with compressed air is fed to a reactor.
Technavio’s analysts forecast the global purified terephthalic acid (PTA) market to grow at a CAGR of 7.51% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global purified terephthalic acid (PTA) market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Purified Terephthalic Acid (PTA) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• BP
• China Petrochemical
• Eastman
• Mitsubishi Chemical Holdings
• Reliance Industries
Other prominent vendors
• Alpek
• CEPSA
• DowDuPont
• Far Eastern Group
• Formosa Petrochemical
• Hanwha Group
• Hengli Petrochemicals
• JBF Industries
• LOTTE CHEMICAL
• Oriental Petrochemical (Taiwan)
• Indorama Ventures Public Company
• Indian Oil
• SABIC
• TAEKWANG INDUSTRIAL
• TONGKUN GROUP
• Zhejiang Hengyi Group
Market driver
• Increase in demand from polyester fibers
• For a full, detailed list, view our report
Market challenge
• Volatility of crude oil price
• For a full, detailed list, view our report
Market trend
• PET bottle packaging for alcoholic beverages
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
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