Terephthalic Acid Market

Terephthalic Acid Market by Derivatives (Polybutylene Terephthalate, Dimethyl Terephthalate, Polyethylene Terephthalate, Polytrimethylene Terephthalate, and Others), Applications (Packaging, Paints & Coatings, Fibers, Adhesives, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3523
  • Author: Growth Market Reports
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  • No. Of Pages: 176
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The global terephthalic acid market size is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing demand for polyethylene terephthalate from the packaging industry.

Terephthalic Acid Market key takeaways

Terephthalic acid is derived from crude oil by chemical synthesis. This chemical compound is a raw material utilized in the development of multipurpose plastics; for example, polybutylene terephthalate, polyethylene terephthalate, and polytrimethylene terephthalate. Terephthalic acid is utilized widely in the creation of polyester fibers. It is likewise utilized in the manufacturing of polyester coating resins for different applications in machines, car, industrial maintenance, and coil coatings. Terephthalic acid is essentially utilized as a conspicuous unrefined substance in the development of different thermoplastics.
The outbreak of COVID-19 pandemic majorly impacted the terephthalic acid market. The disruption in supply chain and lack of demand has negatively impacted the global chemical sector. The relaxation in restriction is expected to help the market recover by end of 2021.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing per capita consumption and growing disposable income are some of the major factors anticipated to spur the growth of the market.
  • Rising demand for polyester fibers is estimated to propel the market growth.
  • The toxic effects of terephthalic acid can hinder the market growth in the projected timeline.
  • Volatile prices of crude oil, complex manufacturing process, and availability of raw materials can hamper the growth of the market.
  • Increasing demand for recycled polyethylene terephthalate can create the challenges for the market growth.
  • Replacement of glass bottles for alcoholic beverages with polyethylene terephthalate bottles is anticipated to create lucrative opportunities in the projected timeline.

Scope of the Report

The report on the global terephthalic acid market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Terephthalic Acid Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Derivatives (Polybutylene Terephthalate, Dimethyl Terephthalate, Polyethylene Terephthalate, Polytrimethylene Terephthalate, and Others) and Applications (Packaging, Paints & Coatings, Fibers, Adhesives, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

SABIC; Sinopec Corp.; Arkema; BP PLC; and Eastman Chemical Company

 

Terephthalic Acid Market Segment Insights

Dimethyl terephthalate segment is anticipated to exhibit a high CAGR

On the basis of derivatives, the market is classified as polybutylene terephthalate, dimethyl terephthalate, polyethylene terephthalate, polytrimethylene terephthalate, and others. The dimethyl terephthalate segment is expected to hold a large market share during the forecast period due to application in the development and modification of polymer materials. It is used to yield esters that are used as plasticizers. Products such as polyester resins, dyes and pigments, polyester polyols, and insect repellents retain these plasticizers. Furthermore, it is a fundamental material in manufacturing of numerous valuable video films and thermoplastics.

Terephthalic Acid Market by deriviatives

Fibers segment to hold a major market share

In terms of applications, the market is categorized as packaging, paints & coatings, fibers, adhesives, and others. The fibers segment is projected to expand at a considerable CAGR during the forecast period. Fibers are utilized for different applications, for example, to make textures for clothing and home goods, for example, bedsheets, blankets, shades, and curtains. They are additionally blended with natural fibers, for example, cotton to create a fabric with further developed properties, for example, wrinkle opposition.

Asia Pacific is anticipated to constitute a key market share

On the basis regions, the market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period. Rapid growth of various industries, such as packaging, food & beverage, and textile manufacturing, in India and China is estimated to spur the regional market growth. Growing sales capacity of clothing goods and clothing, through e-commerce doorways is o estimated to produce massive potential for the market in Asia Pacific.

Segments

Segments Covered in the Report
The global terephthalic acid market is segmented on the basis of:

Derivatives

  • Polybutylene Terephthalate
  • Dimethyl Terephthalate
  • Polyethylene Terephthalate
  • Polytrimethylene Terephthalate
  • Others
Applications
  • Packaging
  • Paints & Coatings
  • Fibers
  • Adhesives
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • SABIC
  • Sinopec Corp.
  • Arkema
  • BP PLC
  • Eastman Chemical Company

Competitive Landscape

The key players competing in the terephthalic acid market are SABIC; Sinopec Corp.; Arkema; BP PLC; and Eastman Chemical Company.

Terephthalic Acid Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Terephthalic Acid Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Terephthalic Acid Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Terephthalic Acid Market - Supply Chain
  4.5. Global Terephthalic Acid Market Forecast
     4.5.1. Terephthalic Acid Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Terephthalic Acid Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Terephthalic Acid Market Absolute $ Opportunity
5. Global Terephthalic Acid Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Terephthalic Acid Market Size and Volume Forecast by Applications
     5.3.1. Packaging
     5.3.2. Paints & Coatings
     5.3.3. Fibers
     5.3.4. Adhesives
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Terephthalic Acid Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Terephthalic Acid Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Terephthalic Acid Demand Share Forecast, 2019-2026
7. North America Terephthalic Acid Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Terephthalic Acid Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Terephthalic Acid Market Size and Volume Forecast by Applications
     7.4.1. Packaging
     7.4.2. Paints & Coatings
     7.4.3. Fibers
     7.4.4. Adhesives
     7.4.5. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Terephthalic Acid Demand Share Forecast, 2019-2026
8. Latin America Terephthalic Acid Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Terephthalic Acid Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Terephthalic Acid Market Size and Volume Forecast by Applications
     8.4.1. Packaging
     8.4.2. Paints & Coatings
     8.4.3. Fibers
     8.4.4. Adhesives
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Terephthalic Acid Demand Share Forecast, 2019-2026
9. Europe Terephthalic Acid Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Terephthalic Acid Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Terephthalic Acid Market Size and Volume Forecast by Applications
     9.4.1. Packaging
     9.4.2. Paints & Coatings
     9.4.3. Fibers
     9.4.4. Adhesives
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Terephthalic Acid Demand Share Forecast, 2019-2026
10. Asia Pacific Terephthalic Acid Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Terephthalic Acid Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Terephthalic Acid Market Size and Volume Forecast by Applications
     10.4.1. Packaging
     10.4.2. Paints & Coatings
     10.4.3. Fibers
     10.4.4. Adhesives
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Terephthalic Acid Demand Share Forecast, 2019-2026
11. Middle East & Africa Terephthalic Acid Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Terephthalic Acid Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Terephthalic Acid Market Size and Volume Forecast by Applications
     11.4.1. Packaging
     11.4.2. Paints & Coatings
     11.4.3. Fibers
     11.4.4. Adhesives
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Terephthalic Acid Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Terephthalic Acid Market: Market Share Analysis
  12.2. Terephthalic Acid Distributors and Customers
  12.3. Terephthalic Acid Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. SABIC
     12.4.2. Sinopec Corp.
     12.4.3. Arkema
     12.4.4. BP PLC
     12.4.5. Eastman Chemical Company

Segments Covered in the Report
The global terephthalic acid market is segmented on the basis of:

Derivatives

  • Polybutylene Terephthalate
  • Dimethyl Terephthalate
  • Polyethylene Terephthalate
  • Polytrimethylene Terephthalate
  • Others
Applications
  • Packaging
  • Paints & Coatings
  • Fibers
  • Adhesives
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • SABIC
  • Sinopec Corp.
  • Arkema
  • BP PLC
  • Eastman Chemical Company

The key players competing in the terephthalic acid market are SABIC; Sinopec Corp.; Arkema; BP PLC; and Eastman Chemical Company.

Terephthalic Acid Market by key players

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