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Purified Terephthalic Acid (PTA) Market Analysis By Demand, By Region, By Applications and Forecast Report Till 2036

Report Details
  • GMB - 087
  • 200
  • Report License Type :
  • 4500 (USD)
  • 5500(USD)
  • 6500 (USD)

Scope of Report 

The PTA report describes the global PTA market, with focus on the country, applications,
 and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Applications
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  PTA Market data in terms of volume and value for each end-use 
   at regional and country level
•  PTA Market analysis for Production, Capacity and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


Frequently Asked Questions

What is the global production capacity for Terephthalic Acid (PTA), and how is it distributed regionally?
The global PTA capacity was estimated to be nearly 93,400 Kiloton in 2016, which grew by an average of 4.1% CAGR to around 125,000 Kiloton in 2023. The global Terephthalic Acid capacity will cross 160,000 Kiloton by 2036 with most of the major capacity additions in Asia Pacific.
How big is the PTA market?
The global Terephthalic Acid Market was valued at USD 80 Billion in 2023 and is poised to register a CAGR of 3.5% to reach around USD 100 Billion in 2036. The global Terephthalic Acid market is primarily driven by the production of PET resins, films and fibres. The largest application of PTA is in the production of polyethylene terephthalate polymer (PET) accounting for over 95% of the global Terephthalic Acid Market.
Who are the key players in the Global PTA market?
Reliance Industries, SABIC, Lotte Chemical, Mitsubishi Chemicals, JBF Industries, Sinopec Group, Eastman Chemical Company, Alpek, Havna Company Limited, Indorama Ventures (IVL), Formosa Plastics, India Oil Corp, Hengli Petrochemical, Siam Mitsui PTA, and OAO Polief (SIBUR) are some of the major PTA producers in the world.
What is the market price of terephthalic acid?
The PTA pricing trends can vary due to factors such as fluctuation in raw material costs, supply and demand dynamics, and geopolitical factors. As of 2023, the global PTA prices ranged from USD 1100-1200 per ton. The Asian PTA prices saw a significant increase, driven by high demand from regional end use industries and rising upstream costs.
How has the global Terephthalic Acid demand changed from 2016 to 2022, and what is the annual growth rate during this period?
The global Terephthalic Acid demand has grown from 66,960 Kiloton in 2016 to 90,000 Kiloton in 2023 with an average annual rate of 4.3% during the period. The largest application of PTA is in production polyethylene terephthalate polymer, PET. This polymer mainly used as polyester fiber, solid state resin, PET filaments and film. Textile and packaging are the significant end-use industries of PET.
Which region dominates the global PTA market, and what percentage of global demand does it account for in 2023?
Asia-Pacific dominates the global PTA market accounting for over 85% of global demand in 2023. China is the largest consumer of PTA in the region and the world. China is also the largest producer of PTA globally with estimated production of around 61,000 Kiloton in 2023. The largest downstream application of PTA is polyethylene terephthalate, accounting for around 95% of the PTA consumption.
Who are some of the major PTA producers in China, and what are their production capacities?
The major producers of PTA in China includes, Hengli Petrochemical, Yisheng Petrochemical, Jianxing Petrochemical, Xiang Lu Petrochemical, Hanbang Jiangyin Petrochemical, BP Zhuhai Chemical. Globally, Hengli Petrochemical located in Changxing Island, China is the largest producer of PTA with total production capacity of around 11,600 kilo tons annually.