Dublin, Sept. 18, 2023 (GLOBE NEWSWIRE) — The “Purified Terephthalic Acid Market: Trends, Opportunities and Competitive Analysis (2023-2028)” report has been added to ResearchAndMarkets.com’s providing.
The world purified terephthalic acid (PTA) market is ready to attain important milestones, with an estimated worth of $79.6 billion by 2028. This progress is anticipated to be pushed by a sturdy Compound Annual Growth Rate (CAGR) of 5.2% from 2023 to 2028.
Purified terephthalic acid, a vital chemical compound, performs a pivotal function within the textile, PET bottle, and packaging markets. The market’s progress is underpinned by its rising software in carbonated plastic bottles, pushed by its flexibility and toughness. Additionally, rising demand for polyester fibers, together with its use in paints, coatings, textiles, and prescription drugs, additional fuels market enlargement.
Key Market Segmentation:
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Application:
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End-use Industry:
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Textiles
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PET Bottles
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Packaging
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Others
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Region:
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North America
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Europe
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Asia Pacific
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The Rest of the World
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List of Purified Terephthalic Acid Companies:
Leading corporations within the purified terephthalic acid market are targeted on product high quality, increasing manufacturing amenities, R&D investments, infrastructural growth, and integration alternatives throughout the worth chain. Notable corporations embrace PennWell, China Petrochemical, JBF Industries, Indian Oil, Lotte Chemical, Petkim Petrokimya, Taekwaang Industrial, Zhejiang Hengyi Group, Reliance Industries, and British Petroleum, amongst others.
Purified Terephthalic Acid Market Insights:
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Polyester is predicted to stay the most important phase attributable to rising demand for polyester fibers and its use in varied sectors, together with transportation, building, and maritime.
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Textiles will proceed to dominate the market, pushed by inhabitants progress, altering vogue traits, and demand for polyester fibers in rising nations like India, China, and Malaysia.
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The Asia Pacific (APAC) area will keep its place as the most important market attributable to speedy industrialization, demand for PET materials bottles, and elevated overseas funding in paint, coating, and packaging industries.
Features of the Purified Terephthalic Acid Market:
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Market Size Estimates: Estimated market measurement by way of worth ($B).
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Trend and Forecast Analysis: Market traits (2017-2022) and forecasts (2023-2028) for varied segments and areas.
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Segmentation Analysis: Market measurement by segments, equivalent to software, end-use trade, and area.
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Regional Analysis: Market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
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Growth Opportunities: Analysis of progress alternatives by software, end-use trade, and area.
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Strategic Analysis: Includes M&A, new product growth, and aggressive panorama.
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Competitive Intensity Analysis: Based on Porter’s Five Forces mannequin.
For extra details about this report go to https://www.researchandmarkets.com/r/wjmop9
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