The global Terephthalic Acid market is forecast to reach USD 81.12 Billion by 2027, according to a new report by Reports and Data. Terephthalic acid is produced by chemical synthesis of crude oil. The majority of the terephthalic acid is utilized in the production of polyester resin, which is used to manufacture polyester film, polyethylene terephthalate resin, and polyester fiber.
It is employed in the manufacture of terephthaloyl chloride, liquid crystal polymers, plasticizers, cyclohexanedimethanol, and copolyester-ether elastomers. Terephthalic acid is more cost-effective than the dimethyl terephthalate alternative for most grades of polyester used in textiles and food and beverage containers. Terephthalic Acid is used to manufacture polyester coatings resins for usage in the formulation of appliance, general metal, industrial maintenance, automotive, and coil coatings.
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Top Companies: Sinopec Corporation, British Petroleum, SABIC, Reliance Industries Limited, Eastman Chemical Company, Indorama Ventures Public Company, Indian Oil Corporation, JBF Petrochemicals, Mitsubishi Chemical Corporation, and Lotte Chemical Corporation among others.
Further key findings from the report suggest
Manufacturing Process Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Derivative Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
End-Use Industry Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Terephthalic Acid Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Terephthalic Acid Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Terephthalic Acid Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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