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[ 英語タイトル ] Purified Terephthalic Acid (PTA) Market by Application (Polyester, Polybutylene Terephthalate, Plasticizers), and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2023


Product Code : MNMCH00109901
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
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[Report Description]

“The Purified Terephthalic Acid (PTA) market is projected to grow at a CAGR of 5.1% from 2018 to 2023.”

The purified terephthalic acid market is estimated to be USD 48.14 billion in 2018 and is projected to reach USD 61.78 billion by 2023, at a CAGR of 5.1% from 2018 to 2023. The expansion of the textile industry contributes to the increased demand for polyester fiber & yarn, which in turn, is projected to drive the growth of the purified terephthalic acid market. PTA is used to manufacture PET bottles. The rising demand for PET packaging from the healthcare and food & beverage industries has led to the increased consumption of PTA. However, the overcapacity in the production of PTA in China has led to a decline in the global operating rate of PTA, thereby acting as a restraint to the growth of the purified terephthalic acid market.
“The polyester segment is expected to be the fastest-growing application segment of the purified terephthalic acid market during the forecast period.”
PTA is used to manufacture polyester, Polybutylene Terephthalate (PBT), and plasticizers. Based on application, the polyester segment is expected to grow at the highest CAGR during the forecast period, owing to the rising demand for polyester fiber & yarn from emerging economies, such as Brazil and Argentina.
“Asia Pacific is estimated to account for the largest share of the purified terephthalic acid market in 2018.”
China is the largest market for purified terephthalic acid in the Asia Pacific region, in terms of value. Key factors driving the growth of the China PTA market are increase in demand for fiber & yarn, rapid urbanization, and expansion of the packaged food industry in this country.
The South American region is expected to be the fastest-growing market for purified terephthalic acid during the forecast period. The growth of the purified terephthalic acid market in South America can be attributed to the increased demand for PTA from the textile industry in South American countries.

Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 75 %, Tier 2 – 10%, and Tier 3 – 15%
• By Designation: C level – 70%, Director level – 5%, and Others – 25%
• By Region: Asia Pacific – 45%, Europe – 30%, Middle East & Africa – 20%, and North America – 5%

As a part of the qualitative analysis, this research report provides a comprehensive overview of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by key players, such as British Petroleum (UK), Reliance Industries Limited (India), Sinopec Corporation (China), Indorama Ventures Public Company (Thailand), and SABIC (Saudi Arabia).
Research Coverage:

The report defines and segments the purified terephthalic acid market based on application and region. It provides detailed information regarding major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. The report also strategically profiles key players and comprehensively analyzes their market shares and core competencies. It analyzes competitive developments, such as partnerships, contracts, joint ventures, mergers & acquisitions, expansions, new product launches, and research & development activities undertaken by key players operating in the market.

Reasons to Buy the Report:
The report will help market leaders/new entrants by providing them the closest approximations of revenue numbers for the overall purified terephthalic acid market and its subsegments. It will help stakeholders understand the competitive landscape and gain insights to better position their businesses and make suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide information on key market drivers, restraints, opportunities, and challenges

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 SCOPE OF THE STUDY 17
1.3.1 REGIONAL SCOPE 17
1.3.2 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 18
1.5 LIMITATIONS 18
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 22
2.1.2.3 Breakdown of primary interviews 22
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 23
2.2.2 TOP-DOWN APPROACH 24
2.3 DATA TRIANGULATION 25
2.4 ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 31
4.1 SIGNIFICANT GROWTH OPPORTUNITIES IN THE PTA MARKET 31
4.2 PTA MARKET, BY REGION 31
4.3 ASIA PACIFIC PTA MARKET, BY COUNTRY AND POLYESTER GRADE 32
4.4 PTA MARKET, BY APPLICATION AND REGION 33
4.5 TOP 6 COUNTRIES IN THE PTA MARKET 33
5 MARKET OVERVIEW 34
5.1 INTRODUCTION 34
5.2 MARKET DYNAMICS 34
5.2.1 DRIVERS 35
5.2.1.1 Rising demand for polyester fibers 35
5.2.1.2 Increasing demand for PET from the bottling and packaging industry 35
5.2.2 RESTRAINTS 36
5.2.2.1 Overcapacity of PTA in China 36
5.2.2.2 Fluctuation in the prices of paraxylene 36
5.2.3 OPPORTUNITIES 36
5.2.3.1 Replacement of glass bottles for alcoholic beverages with PET bottles 36
5.2.4 CHALLENGES 37
5.2.4.1 Increasing demand for recycled PET 37
5.3 PORTER’S FIVE FORCES ANALYSIS 37
5.3.1 THREAT OF NEW ENTRANTS 38
5.3.2 BARGAINING POWER OF SUPPLIERS 38
5.3.3 THREAT OF SUBSTITUTES 38
5.3.4 BARGAINING POWER OF BUYERS 38
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 39
5.4 MACROECONOMIC INDICATORS 39
5.4.1.1 Textile yarn market 39
5.4.1.2 PET packaging market 40
5.5 MANUFACTURING PROCESS OF PURIFIED TEREPHTHALIC ACID 40
5.5.1 INTRODUCTION 40
5.5.2 AMOCO PROCESS 40
5.5.3 BP PTA TECHNOLOGY 41
5.5.4 IPT TECHNOLOGY 41
5.5.5 MITSUBISHI CHEMICAL TECHNOLOGY PROCESS 41
5.5.6 EASTMAN CHEMICAL PTA TECHNOLOGY PROCESS 42
5.5.7 HENKEL PTA TECHNOLOGY PROCESS 42
5.6 PRICE ANALYSIS 43
5.6.1 SHORT-TERM PRICE TREND 43
5.6.2 LONG-TERM PRICE TREND 43
6 PTA MARKET, BY APPLICATION 45
6.1 INTRODUCTION 46
6.2 POLYESTER 47
6.2.1 POLYESTER APPLICATION, BY GRADE 47
6.2.2 POLYESTER APPLICATION, BY END USER 47
6.3 POLYBUTYLENE TEREPHTHALATE (PBT) 48
6.4 PLASTICIZERS 49
6.5 OTHERS 50

7 PTA MARKET, BY REGION 51
7.1 INTRODUCTION 52
7.2 ASIA PACIFIC 54
7.2.1 CHINA 57
7.2.2 INDIA 59
7.2.3 JAPAN 60
7.2.4 SOUTH KOREA 61
7.2.5 TAIWAN 62
7.2.6 THAILAND 63
7.2.7 INDONESIA 64
7.2.8 REST OF ASIA PACIFIC 65
7.3 NORTH AMERICA 66
7.3.1 US 69
7.3.2 CANADA 70
7.3.3 MEXICO 71
7.4 EUROPE 72
7.4.1 GERMANY 76
7.4.2 ITALY 77
7.4.3 FRANCE 78
7.4.4 UK 79
7.4.5 RUSSIA 80
7.4.6 THE NETHERLANDS 81
7.4.7 POLAND 82
7.4.8 REST OF EUROPE 83
7.5 MIDDLE EAST & AFRICA 84
7.5.1 SAUDI ARABIA 86
7.5.2 IRAN 87
7.5.3 TURKEY 88
7.5.4 REST OF MIDDLE EAST & AFRICA 89
7.6 SOUTH AMERICA 90
7.6.1 BRAZIL 93
7.6.2 ARGENTINA 94
7.6.3 REST OF SOUTH AMERICA 95
8 COMPETITIVE LANDSCAPE 97
8.1 OVERVIEW 97
8.2 MARKET SHARE ANALYSIS 99
8.3 COMPETITIVE SITUATIONS & TRENDS 100
8.3.1 EXPANSIONS 100
8.3.2 AGREEMENTS 101
8.3.3 ACQUISITIONS 101
9 COMPANY PROFILES 103
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
9.1 BRITISH PETROLEUM 103
9.2 RELIANCE INDUSTRIES LIMITED 106
9.3 SINOPEC CORPORATION 108
9.4 INDORAMA VENTURES PUBLIC COMPANY 111
9.5 SABIC 114
9.6 ALPEK 116
9.7 EASTMAN CHEMICAL COMPANY 117
9.8 INDIAN OIL CORPORATION 119
9.9 LOTTE CHEMICAL CORPORATION 121
9.10 MITSUBISHI CHEMICAL CORPORATION 123
9.11 PETKIM PETROKIMYA HOLDING A.Ş. 125
9.12 JBF PETROCHEMICALS 126
9.13 MCPI 127
9.14 JIAXING PETROCHEMICAL CO., LTD. (JPCL) 128
9.15 OTHER LEADING PLAYERS 129
9.15.1 CHINA PROSPERITY (JIANGYIN) PETROCHEMICAL CO. LTD., 129
9.15.2 HANWHA GENERAL CHEMICAL CO., LTD. 129
9.15.3 HENGLI PETROCHEMICAL CO., LTD. 129
9.15.4 OMPET 129
9.15.5 ORIENTAL PETROCHEMICAL (TAIWAN) 129
9.15.6 ORIENTAL PETROCHEMICAL (SHANGHAI) CORPORATION 129
9.15.7 SHAHID TONDGOOYAN PETROCHEMICAL COMPANY (STPC) 130
9.15.8 PKN ORLEN S.A. 130
9.15.9 PT ENERGI MEGA PERSADA (EMP) 130
9.15.10 TAEKWANG INDUSTRIAL CO., LTD. 130
9.15.11 ZHEJIANG HENGYI GROUP CO., LTD. 130
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
10 APPENDIX 131
10.1 DISCUSSION GUIDE 131
10.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 135
10.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 137
10.4 AVAILABLE CUSTOMIZATIONS 138
10.5 RELATED REPORTS 138
10.6 AUTHOR DETAILS 139

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