Global Purified Terephthalic Acid Market: Industry Rising Trends, Analysis And Demands 2022 To 2027

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Purified Terephthalic Acid (PTA) can be perceived as a natural compound that is utilized through business implies by going through the course of oxidation of substances like paraxylene with the assistance of the oxygen levels present in the air. This is accessible in a white and actual structure, fairly like a glasslike powder, and is known to be idle. This can be perceived as a fragrant corrosive that has a significant and far reaching in the utilization of creation of things like polyester fiber, and movies. These are natural mixtures and are additionally known to help in the improvement of PET material containers, polyester leaves, and yarn among different products. This likewise goes about as a halfway with regards to assembling fluid precious stone polymers, and plasticizers among others.

Materials and bundling enterprises additionally utilize PTA for a huge scope to take into account the interest and produce the necessities for a huge scope and accordingly, assisting the market with extending its tasks and develop according to the expectation for the evaluation time frame.

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ChemIntel360’s global Purified Terephthalic Acid market study is a 140+ slide report containing in depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, applications, and end-use industry perspective. Despite the adverse effects of the COVID-19 pandemic, the industry is expected to rebound strongly and grow at a CAGR of 4.3% over 2021-2026. The leading factor driving growth is the chemical’s extensive use in manufacture of take-out containers, baked goods containers, household products, and water bottles, the demand for which has witnessed robust growth in light of various food safety measures.

Scope

This study contains global and regional market size data - value and volume. The numbers are broken down by end use (Textile, Bottling & Packaging, Home Furnishing, and Others), and by applications (Bottles, Film & Sheet, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.

Market Overview

The global Purified Terephthalic Acid market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$49.2 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of 4.3%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.

Regional analysis

Based on Geography, the global Purified Terephthalic Acid Market is bifurcated into North America, Europe, Asia Pacific, and the Rest of the world.

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Key Players

The “Global Purified Terephthalic Acid Market” study report will provide valuable insight emphasizing the global market. The major players in the market are PennWell Corporation, China Petrochemical, JBF Industries, Alpek S.A.B. de C.V, Indian Oil Corporation, Lotte Chemical Corporation, Petkim Petrokimya Holding A.Ş., MCPI Private Limited, Taekwaang Industrial, and Zhejiang Hengyi Group.

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ChemIntel360, part of AgileIntel’s broader research offering, provides an integrated portfolio of quantitative and qualitative research reports on the chemicals sector. Our studies make use of credible market intelligence.

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