Polyester fiber was the dominant segment and accounted 63.2% of the overall volume share in 2016 and is
expected to witness substantial growth as a result of increasing usage in apparel, carpets, carpets, curtains,
nets, and ropes. Rising demand for polyester in textile owing to its high tenacity and durability will augment
industry expansion over the forecast period.
Further key findings from the report suggest :
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PET resins is expected to show high revenue gains at a CAGR of 8.0% from 2017 to 2025 Rising
consumption of PET containers in packaging sodas, water, juices, liquid hand soap, salad dressings,
cooking oil, peanut butter, shampoo, mouthwash, pharmaceuticals, and tennis balls is expected to
augment industry expansion.
Asia Pacific was the dominant market and accounted for 41.2% of the global purified terephthalic acid
(PTA) revenue industry in 2016. Establishment of various food & beverage, packaging, and textile
manufacturing units particularly in China and India will fuel purified terephthalic acid market growth
over the forecast period.
Increasing sales volume of clothing and apparel goods through e-commerce portals in China,
Bangladesh, India and Thailand is expected to create immense industry potential. Furthermore,
regulatory support aimed at promoting investments in packaging sector in China and India is projected
to propel industry growth.
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terephthalic-acid-market/request-sample
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Presence of major players including Reliance, IOCL, Sinopec, Tianjin Petrochemical Co., Ltd. and Xiamen
Xianglu Petrochemical Co. in Asia Pacific is expected to augment industry expansion over the forecast
period.
Key players include Sinopec Yizheng Chemical Fibre Company, Reliance Industries Limited, DuPont,
Honam Petrochemical Corporation, BP, Eastman Chemical Company, Indian Oil Corporation, Formosa
Plastics Group, and SABIC.
In April 2015, Reliance Industries Limited (RIL) announced commissioning of new purified terephthalic
acid (PTA) plant having a capacity of 1,150 kilo tons per annum at Dahej, Gujarat in order to meet
increasing demand for the product.
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