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Purified Terephthalic Acid (PTA) Market 2019 | Forecast, Size, Growth, Opportunities, and Trends 2023

Global Purified Terephthalic Acid (PTA) Market Research Reportu2013 by Application (Polyester Fiber, Polyester Films, PET Resin, Industrial Machinery, Powder Coatings and Insulation Materials) End Use (Food & Beverages Packaging, Paints & Coatings, Textiles, Electrical and Furniture) and Region- Forecast till 2023<br>

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Purified Terephthalic Acid (PTA) Market 2019 | Forecast, Size, Growth, Opportunities, and Trends 2023

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  1. Purified Terephthalic Acid (PTA) Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

  2. Purified Terephthalic Acid (PTA) Market Research Report- Forecast to 2023 Purified Terephthalic Acid (PTA) Market -Overview Purified Terephthalic Acid (PTA) comes in a white physical form, crystalline powder and inert in nature. PTA is an aromatic acid, majorly used in the production of polyester fibers and films. The main raw material for PTA is paraxylene (PX). PTA is commercially produced by oxidation of PX to form Terephthalic Acid (TA) which is then purified to form PTA. It exhibits properties such as, insulation, resistance to chemicals and weathering, and is used as a raw material for chemicals such as cyclohexane di-methanol, terephthaloyl chloride and also for copolyester-ether elastomers and plasticizers. As per our Analysis, some of the prominent market factors and trends identified in the Global Purified Terephthalic Acid Market include, rapid industrialization where PTA is utilized in the manufacture of conveyor belts and meshing in many industries, rising demand for powder coatings made from PTA which are solvent free and environmental friendly, and increasing expenditure on food & beverages packaging where it is used for manufacturing PET resin. Moreover, demand for PTA is predicted to witness significant growth over the assessment period due to surging home furnishing industry. Rising crude oil refining across the globe where PX is an end product in the petroleum industry is anticipated to be an important driver for PTA market during the review period. PTA based polyester fibers are used in many electrical insulation applications. Electricity sector is at the opportunity to rapidly accelerate momentum towards universal energy access. As nearly one in five of the world’s population don’t have access to electricity, it is anticipated to be key driver for the growth of PTA in the assessment period. Furthermore, rapid urbanization coupled with the increasing disposable income in the emerging economies is predicted to propel the use of polyester fiber textiles made from PTA and is predicted to be the driver for growth of the market during the assessment period, 2017 to 2023. However, PET resins and fibers do not degrade naturally in the environment at acceptable rates but can be recyclable and thus present litter and disposal problem. Thereby implementation of strict regulations by various government bodies is expected to hamper the growth of the market. www.marketresearchfuture.com

  3. Purified Terephthalic Acid (PTA) Market Research Report- Forecast to 2023 Segmental Analysis The Global PTA Market is categorized on the basis of Application, End Use Industry and Region. On the basis of Application, the market is bifurcated into polyester fiber, polyester films, pet resin, industrial machinery, powder coatings, insulation materials and others. On the basis of End Use Industry, the PTA market is categorized into food & beverages packaging, paints & coatings, textiles, electrical, and furniture. On the basis of Region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Get Research Report Overview @ https://www.marketresearchfuture.com/reports/purified-terephthalic-acid-pta-market-4885 www.marketresearchfuture.com

  4. Purified Terephthalic Acid (PTA) Market Research Report- Forecast to 2023 Regional Outlook The Global PTA Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, the Middle East & Africa is predicted to grow with the highest CAGR during the review period, 2017 to 2023 on account of expanding food & beverages packaging industry. The demand for PET resin segment in PTA market is predicted to be stagnant in North America, Europe and Latin America due to the presence of high consumer wastes PET bottles and this region is looking to recycle the existing PET bottles waste. Asia Pacific has emerged as the leading market region for PTA followed by North America and Europe. North American PTA market is predicted to witness a tremendous growth on account of high polyester fiber consumption potential which is used in the industrial machinery, increasing paints & coatings production capacities, and rising economic growth rate. In North American region, the U.S. is predicted to be the major contributor in the regional growth of PTA market and is expected to see a significant demand for PTA during the forecast period, 2017 to 2023. As of 2016, the U.S accounts for the largest market share and is followed by Canada in terms of value & volume and is estimated to grow with the moderate CAGR on account of growth in production of crude oil. In Europe, the demand for PTA is predicted to grow in various countries such as Italy, Germany, Spain, U.K, France, and Russia on account of increasing expenditure in home furnishing where PTA based polyester fabrics are used to manufacture furnishing cloth and growing purchasing power of consumers. Moreover, presence of major automobile manufacturers and expanding automobile industry in this region gives an opportunity for PTA Market to grow in the forecast period as polyester fibers are used in the manufacture of conveyor belts and meshing. Specifically in Germany it is expected to give a new impetus to the market growth. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness substantial growth owing to increasing consumer spending on passenger cars as well as involvement of new technologies and inventions in PTA. In the Middle East & Africa, paints & coatings and home furnishings segments are anticipated to propel the PTA Market in the forecast period owing to rapid housing activities and along with developments in travel and tourism industry. Asia Pacific PTA Market is predicted to grow with the moderate CAGR due to developing crude oil processing and expanding petroleum refineries in India and China bridges the demand gap for PTA raw materials. Moreover, continuous growth of electrical industry in various economies of Asia Pacific such as China, India, Malaysia, Thailand, and Japan is expected to raise the demand for insulation materials made from PTA which in turn is predicted to fuel the demand for PTA over the forecast period, 2017 to 2023. www.marketresearchfuture.com

  5. Purified Terephthalic Acid (PTA) Market Research Report- Forecast to 2023 Major Players in this Research Purified Terephthalic Acid (PTA) Market Prominent Players: • Reliance Industries Limited (India) • AlpekS.A.B. de C.V. (Mexico) • The Dow Chemical Company (U.S.) • E. I. du Pont de Nemours and Company (U.S.) • BP p.l.c. (U.K) • Eastman Chemical Company (U.S.) • SABIC (Saudi Arabia) • China Petroleum & Chemical Corporation (China) • Mitsubishi Chemical Corporation (Japan) • Indian Oil Corporation Ltd (India) Get a Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4885 www.marketresearchfuture.com

  6. ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future. www.marketresearchfuture.com

  7. MARKET RESEARCH FUTURE THANK YOU salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK) www.marketresearchfuture.com

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