Terephthalic Acid Market Report: Trends, Forecast and Competitive Analysis to 2030

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. Sample figures with some insights are shown below.

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

Lucintel 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

Q5. Which terephthalic acid market segment will be the largest in future?

Answer: Lucintel 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, Lucintel provides 10% customization without any additional cost.

This report answers 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?