Global Recycled Terephthalic Acid Market Size Study, by Market (Hydrolysis, Pyrolysis), by Application (Fiber, Films, Resins), by End-use Industry (Textiles, Automotive, Construction, Packaging), and Regional Forecasts 2022-2032

Description

The global recycled terephthalic acid market, valued at approximately USD 2.24 billion in 2023, is projected to expand at a steady CAGR of 4.4% from 2024 to 2032, reaching a significant USD 3.30 billion by the end of the forecast period. Recycled terephthalic acid (r-TPA) has emerged as a critical component in the sustainable materials market, driven by its extensive applications in industries such as textiles, automotive, construction, and packaging. Its production aligns with global environmental goals, promoting waste reduction and resource efficiency by recycling PET plastics and other waste streams.

The growing awareness about circular economy principles and stringent regulations on plastic waste disposal have amplified the adoption of r-TPA. The market is further buoyed by the increasing demand for eco-friendly alternatives in the manufacturing of fibers, resins, and films. Technologies such as hydrolysis and pyrolysis are being employed to convert post-consumer PET waste into r-TPA, ensuring high-purity outputs suitable for diverse industrial applications.

Despite these promising prospects, the market faces challenges in the form of high costs associated with advanced recycling technologies and inconsistent waste collection systems, particularly in developing regions. However, significant investments in R&D and collaborative initiatives between governments and private stakeholders are expected to mitigate these barriers, enhancing supply chain efficiencies. Innovations in processing technologies and the rising integration of r-TPA in automotive and construction materials underscore the market's potential for growth and transformation.

Regionally, Asia-Pacific leads the global recycled terephthalic acid market, driven by robust textile manufacturing in countries like China and India and the growing emphasis on sustainability. North America and Europe continue to witness steady growth, supported by stringent environmental policies and increased adoption of recycled materials in packaging and automotive applications. These regions also benefit from well-established waste management infrastructures and proactive government initiatives aimed at reducing plastic waste.

Major market players included in this report are:

Indorama Ventures Public Company Limited
Far Eastern New Century Corporation
Alpek S.A.B. de C.V.
Zhejiang Hengyi Group Co., Ltd.
Lotte Chemical Corporation
Plastipak Holdings, Inc.
JBF Industries Limited
Reliance Industries Limited
Srichakra Polyplast (India) Pvt Ltd
Biffa plc
Verdeco Recycling Inc.
Loop Industries, Inc.
Garbo S.r.l.
VTT Technical Research Centre of Finland Ltd
PETCO

The detailed segments and sub-segments of the market are explained below:

By Market:

Hydrolysis
Pyrolysis

By Application:

Fiber
Films
Resins

By End-use Industry:

Textiles
Automotive
Construction
Packaging

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe (ROE)

Asia-Pacific:

China
India
Japan
South Korea
Australia
Rest of Asia-Pacific (RoAPAC)

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa (RoMEA)

Years considered for the study are as follows:

Historical year: 2022
Base year: 2023
Forecast period: 2024 to 2032

Key Takeaways:

Market estimates & forecasts for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Comprehensive geographical analysis with country-level market insights.
Detailed segmentation of the market with revenue projections for each category.
Competitive landscape featuring major players and their strategic initiatives.
Analysis of market dynamics, including growth drivers, challenges, and opportunities.

Chapter 1. Global Recycled Terephthalic Acid Market Executive Summary

1.1. Global Recycled Terephthalic Acid Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Market
  - Hydrolysis
  - Pyrolysis
- 1.3.2. By Application
  - Fiber
  - Films
  - Resins
- 1.3.3. By End-use Industry
  - Textiles
  - Automotive
  - Construction
  - Packaging
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Recycled Terephthalic Acid Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Recycled Terephthalic Acid Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Emphasis on Circular Economy and Waste Reduction
- 3.1.2. Advancements in Recycling Technologies (Hydrolysis & Pyrolysis)
- 3.1.3. Increased Demand for Eco-Friendly Materials in Key End-use Industries
3.2. Market Challenges
- 3.2.1. High Costs Associated with Advanced Recycling Technologies
- 3.2.2. Inconsistent Waste Collection and Feedstock Quality in Developing Regions
3.3. Market Opportunities
- 3.3.1. Expansion in Sustainable Textile and Packaging Sectors
- 3.3.2. Government Initiatives and Regulatory Incentives for Recycling
- 3.3.3. Technological Innovations Enhancing Production Efficiency

Chapter 4. Global Recycled Terephthalic Acid Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Recycled Terephthalic Acid Market Size & Forecasts by Market 2022-2032

5.1. Segment Dashboard
5.2. Global Recycled Terephthalic Acid Market: Market Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Hydrolysis
- 5.2.2. Pyrolysis

Chapter 6. Global Recycled Terephthalic Acid Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Recycled Terephthalic Acid Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Fiber
- 6.2.2. Films
- 6.2.3. Resins

Chapter 7. Global Recycled Terephthalic Acid Market Size & Forecasts by End-use Industry 2022-2032

7.1. Segment Dashboard
7.2. Global Recycled Terephthalic Acid Market: End-use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Textiles
- 7.2.2. Automotive
- 7.2.3. Construction
- 7.2.4. Packaging

Chapter 8. Global Recycled Terephthalic Acid Market Size & Forecasts by Region 2022-2032

8.1. North America Recycled Terephthalic Acid Market
- 8.1.1. U.S. Recycled Terephthalic Acid Market
  - 8.1.1.1. By Market, Application & End-use Breakdown, 2022-2032
- 8.1.2. Canada Recycled Terephthalic Acid Market
8.2. Europe Recycled Terephthalic Acid Market
- 8.2.1. UK Recycled Terephthalic Acid Market
- 8.2.2. Germany Recycled Terephthalic Acid Market
- 8.2.3. France Recycled Terephthalic Acid Market
- 8.2.4. Spain Recycled Terephthalic Acid Market
- 8.2.5. Italy Recycled Terephthalic Acid Market
- 8.2.6. Rest of Europe (ROE) Recycled Terephthalic Acid Market
8.3. Asia-Pacific Recycled Terephthalic Acid Market
- 8.3.1. China Recycled Terephthalic Acid Market
- 8.3.2. India Recycled Terephthalic Acid Market
- 8.3.3. Japan Recycled Terephthalic Acid Market
- 8.3.4. South Korea Recycled Terephthalic Acid Market
- 8.3.5. Australia Recycled Terephthalic Acid Market
- 8.3.6. Rest of Asia-Pacific (RoAPAC) Recycled Terephthalic Acid Market
8.4. Latin America Recycled Terephthalic Acid Market
- 8.4.1. Brazil Recycled Terephthalic Acid Market
- 8.4.2. Mexico Recycled Terephthalic Acid Market
- 8.4.3. Rest of Latin America Recycled Terephthalic Acid Market
8.5. Middle East & Africa Recycled Terephthalic Acid Market
- 8.5.1. Saudi Arabia Recycled Terephthalic Acid Market
- 8.5.2. South Africa Recycled Terephthalic Acid Market
- 8.5.3. Rest of Middle East & Africa (RoMEA) Recycled Terephthalic Acid Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Indorama Ventures Public Company Limited
- 9.1.2. Far Eastern New Century Corporation
- 9.1.3. Alpek S.A.B. de C.V.
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Indorama Ventures Public Company Limited
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Zhejiang Hengyi Group Co., Ltd.
- 9.3.3. Lotte Chemical Corporation
- 9.3.4. Plastipak Holdings, Inc.
- 9.3.5. JBF Industries Limited
- 9.3.6. Reliance Industries Limited
- 9.3.7. Srichakra Polyplast (India) Pvt Ltd
- 9.3.8. Biffa plc
- 9.3.9. Verdeco Recycling Inc.
- 9.3.10. Loop Industries, Inc.
- 9.3.11. Garbo S.r.l.
- 9.3.12. VTT Technical Research Centre of Finland Ltd
- 9.3.13. PETCO
- 9.3.14. (Additional companies as applicable)

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes