PUBLISHER: GlobalData | PRODUCT CODE: 1327397
PUBLISHER: GlobalData | PRODUCT CODE: 1327397
Global Purified Terephthalic Acid (PTA) capacity is poised to see considerable growth over the next five years, potentially increasing from 117.86 mtpa in 2022 to 171.16 mtpa in 2027, registering total growth of 45%.
Around 32 planned and announced PTA projects are expected to come online, predominantly in Asia, followed by Middle East over the upcoming years. Among countries, China is expected to lead PTA capacity additions by 2027, followed by India. Tongkun Group Co Ltd, Hengli Petrochemical (Dalian) Co Ltd and Xin Feng Ming Group Co Ltd are the top three companies by planned and announced capacity additions globally over the upcoming years.