The purified terephthalic acid market size has grown strongly in recent years. It has grown from $52.49 billion in 2024 to $55.66 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to the increased demand for polyester fiber and pet, along with expansion in the textile and apparel industry, packaging industry, and the shift towards pet bottles and packaging. Economic development and urbanization have also boosted this growth.
The market is expected to see strong growth in the future, estimated to grow to $72.8 billion in 2029 at a CAGR of 6.9%. The growth in the forecast period can be linked to the shift towards green and bio-based materials, global trade and market expansion, sustainable and recyclable materials, and continued economic development. Important trends include a focus on circular economy principles, regulatory compliance and safety standards, shift towards lightweight materials, bio-based alternatives, and green initiatives.
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What Are the Key Drivers of the Purified Terephthalic Acid Market?
The increase in demand for polyester fibers is expected to propel the purified terephthalic acid market growth going forward. Polyester fibers refer to synthetic fiber that consists of polyester, derived from ethylene glycol and terephthalic acid and blended with other fibers. Purified terephthalic acid plays an essential role in the manufacturing of polyester fiber and polyethylene terephthalate (PET) resin, both found in many consumer products. Hence, the increasing demand for polyester fibers leads to an increased demand for the purified terephthalic acid market.
How Are the Segments in the Purified Terephthalic Acid Market Defined?
The purified terephthalic acid market covered in this report is segmented into:
1) By Manufacturing Process: Amoco Process, Co-Oxidation, Multistage Oxidation, Henkel Process
2) By Application: Polyester, Polybutylene Terephthalate (PBT), Plasticizers, Other Applications
3) By End User: Textile, PET Bottles, Packaging, Other End Users
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What Are the Major Players in the Purified Terephthalic Acid Market?
Major companies operating in the purified terephthalic acid market are Indian Oil Corporation, Alpek S.A.B. de C.V., British Petroleum PLC, Reliance Industries Limited, Saudi Basic Industries Corporation, Sinopec Corporation, Jiaxing Zhonghua Chemical Co. Ltd., and others.
What Trends Are Shaping the Purified Terephthalic Acid Market?
Companies are focusing on strategic investments to enhance production capacities, improve operational efficiencies, and push technological advancements. These investments aim to meet the increasing demand for purified terephthalic acid, driven by the expansion of the polyester and textile industries.
What Is the Regional Analysis of the Purified Terephthalic Acid Market?
North America was the largest region in the purified terephthalic acid market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the purified terephthalic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Purified Terephthalic Acid Market Report 2025 Offer?
Purified terephthalic acid refers to an organic chemical compound, a high melting white powder formed by the air oxidation of p-xylene. It is primarily used to manufacture saturated polyesters and associated polymer goods. The Purified Terephthalic Acid Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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