Terephthalic Acid Trends and Forecast
The future of the global terephthalic acid market looks promising with opportunities in the automotive industry, electronic, food and beverage industry, textile, and construction markets. The global terephthalic acid market is expected to grow with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are increasing demand from textile and home furnishing sector and rising demand from automotive sector.A more than 150-page report is developed to help in your business decisions.
Terephthalic Acid by Segment
The study includes a forecast for the global terephthalic acid by derivative, application, end use, and region.Terephthalic Acid Market by Derivative [Shipment Analysis by Value from 2018 to 2030]:
- Polybutylene Terephthalate
- Polyethylene Terephthalate
- Polytrimethylene Terephthalate
- Dimethyl Terephthalate
Terephthalic Acid Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Packaging
- Paints
- Polyester Coatings
- Adhesives
- Polyester Fibers
- Bottles
- Others
Terephthalic Acid Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Automotive Industry
- Electronics
- Food And Beverage Industry
- Textile
- Construction
- Others
Terephthalic Acid Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Terephthalic Acid Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies terephthalic acid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the terephthalic acid companies profiled in this report include:- China Petroleum & Chemical
- Eastman Chemical
- Sinopec
- Arkema
- Indorama Ventures
- Lotte Chemical
- MCPI
Terephthalic Acid Market Insights
The publisher forecasts that polyethylene terephthalate is expected to witness the highest growth over the forecast period due to increasing growth of polyethylene terephthalate in packaging applications.Within this market, food and beverage will remain the largest segment due to increasing consumption of packaged foods in grocery stores, hotels, food outlets, supermarkets.
APAC will remain the largest region over the forecast period due to increasing demand for the textile sector and significantly growing food and beverage sector in the region.
Features of the Global Terephthalic Acid Market
- Market Size Estimates: Terephthalic acid market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Terephthalic acid market size by derivative, application, end use, and region in terms of value ($B).
- Regional Analysis: Terephthalic acid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different derivatives, application, end use, and regions for the terephthalic acid market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the terephthalic acid market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for terephthalic acid market?Answer: The global terephthalic acid market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the terephthalic acid market?
Answer: The major drivers for this market are increasing demand from textile and home furnishing sector and rising demand from automotive sector.
Q3. What are the major segments for terephthalic acid market?
Answer: The future of the terephthalic acid market looks promising with opportunities in the automotive industry, electronic, food and beverage industry, textile, and construction markets.
Q4. Who are the key terephthalic acid market companies?
Answer: Some of the key terephthalic acid companies are as follows:
- China Petroleum & Chemical
- Eastman Chemical
- Sinopec
- Arkema
- Indorama Ventures
- Lotte Chemical
- MCPI
Answer: The publisher forecasts that polyethylene terephthalate is expected to witness the highest growth over the forecast period due to increasing growth of polyethylene terephthalate in packaging applications.
Q6. In terephthalic acid market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increasing demand for the textile sector and significantly growing food and beverage sector in the region.
Q7. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the terephthalic acid market by derivative (polybutylene terephthalate, polyethylene terephthalate, polytrimethylene terephthalate, and dimethyl terephthalate), application (packaging, paints, polyester coatings, adhesives, polyester fibers, bottles, and others), end use (automotive industry, electronics, food and beverage industry, textile, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Terephthalic Acid Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- China Petroleum & Chemical
- Eastman Chemical
- Sinopec
- Arkema
- Indorama Ventures
- Lotte Chemical
- MCPI
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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