Global Terephthalic Acids Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2025

  • ID:PD000144
  • June 2019
  • Value Market Research
                          

Terephthalic acids are an organic chemical commodity, which serves as a precursor to the production of multiple chemicals such as polybutyl terephthalate (PBT), polyethylene terephthalate (PET), polytrimethylene terephthalate (PTT, which is a bioplastic) etc. Amongst these chemicals, polyethylene terephthalate (PET) is a very widely used chemical for the production of plastic bottles, moulded products, textiles, films etc. Terephthalic Acids is a white crystalline powder in the physical form.

Purified terephthalic acids (PTA), a purified type of terephthalic acids are commercially available and vastly used in the market. It can be produced in many different ways. There are four established ways of manufacturing terephthalic acids including Amoco Process, Co-Oxidation, Multistage oxidation, Henkel Process (Raecke Process). More advanced techniques are still coming up. In general, petrochemical companies dominate over the purified terephthalic acids (PTA) market on a large scale. Apart from petrochemicals industries, several other industries use purified terephthalic acids (PTA) for the production of commodities such as high performance fibres, polyester films, tapes, adhesives, moulded products, coatings, composite materials based on unsaturated polyester resins, and hot-melt adhesives etc. 

The global terephthalic acids market can segmented based on its end-use applications such as textiles, bottling & packaging, paints & coatings, furnishing and some others. Textiles are the major end-use application of the global terephthalic acids market. Owing to the augmenting market of polyethylene terephthalate (PET), global terephthalic acids market to experience growth in downstream opportunities. This report by Decision Databases encloses a comprehensive study on the current and future market scenarios over the forecast period.

Asia Pacific followed by North America and Europe, serve as the largest consumers for the terephthalic acids. Market leaders in global terephthalic acids market include Eastman Chemical Company, Sinopec Yizheng Chemical Fibre Company, Reliance Industries Limited, DuPont, Alfa Group, BP Plc, Indian Oil Corporation, Formosa Plastics Group, Honam Petrochemical Corporation, SABIC, Mitsubishi Chemical Corporation, Samsung Petrochemical Co. Ltd., IVL Belgium N.V., CEPSA, Mitsui Chemicals and Samyang Corporation.

Decision Databases is involved in providing research reports and company profiles in the global terephthalic acids market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The terephthalic acids market is segmented based on the global applications, geographic presence, by-products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our terephthalic acids profiles.
 
SEGMENTATION IN THE REPORT:
 
Terephthalic Acids By Applications:

  • Textiles
  • Bottling & Packaging
  • Paints and Coatings
  • Furnishing
  • Others
 
Terephthalic Acids By Geography:
  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • MEA
 
CUSTOMIZATION OF REPORT:
 
  • Terephthalic Acids By Downstream Products :
    • Polyethylene Terephthalate (PET)
    • Polybutyl Terephthalate (PBT)
    • Polytrimethylene Terephthalate (PTT)
    • Others
 
  • Clients can also buy company profiles for terephthalic acids market without buying full report.
  
REFERENCES:
  1.  https://en.wikipedia.org/wiki/Terephthalic_acid  

GLOSSARY:
Terephthalic Acids: Terephthalic acids are an organic chemical commodity.
 

South Korean chemical plant fighting for survival
Lotte Chemical Pakistan Limited, the sole producer of pure terephthalic acid (PTA) that was inaugurated by Prime Minister Nawaz Sharif during his second government in late 90s, was crumbling due to dumping of imported acid from China and India.
http://tribune.com.pk/story/1097493/inconsistency-in-policies-south-korean-chemical-plant-fighting-for-survival/
 
JBF Industries up 3%, enters into agreement with ONGC Mangalore
The company's step down subsidiary JBF Petrochemicals has entered in to a long-term agreement with ONGC Mangalore Petrochemicals (OMPL) for supply of Paraxylene, the main raw material for production of purified terephthalic acid (PTA). In which, JBF Petrochemicals is in the process of commissioning a 1.25 million tonnes per annum purified terephthalic acid (PTA) plant, using technology from BP, at Mangalore SEZ, Karnataka.
http://www.moneycontrol.com/news/buzzing-stocks/jbf-industries3-enters-into-agreementongc-mangalore_6292621.html
 
Takeover of Cepsa's PET-related assets complete / “Stronger base in Europe”
Indorama Ventures completed its acquisition of the purified isopthalic acid, PET and PTA assets of Cepsa Química (Cadiz / Spain). The former subsidiary of Compañía Española de Petróleos will now operate as Indorama Ventures Química. Financial details of the deal were not disclosed. The fully integrated production facilities for PET and its feedstocks at San Roque / Spain include plants for 325,000 t/y of purified terephthalic acid (PTA) and 220,000 t/y of purified isophthalic acid (PIA), along with 175,000 t/y of PET polymer. 
https://www.plasteurope.com/news/INDORAMA_t233838/
 
Reliance Industries starts purified terephthalic acid plant in Dahej
Reliance Industries Limited (RIL) has announced successful commissioning of new purified terephthalic acid (PTA) plant having a capacity of 1150 kilo tons per annum (KTA) at Dahej, Gujarat. PTA is commonly used in polyester production including polyester fibre, polyethylene terephthalate (PET) bottle resin and polyester film. With this new plant, which has a capacity of 1150 kilo tons, Reliance Industries' total PTA capacity has been increased to 3.2 million metric tons per annum.
http://www.business-standard.com/content/b2b-chemicals/reliance-industries-starts-purified-terephthalic-acid-plant-in-dahej-115041300443_1.html
 
Indian Oil to invest Rs. 34,000 crore on petrochemical complex
IOCL is investing Rs. 34,000 crore on the petrochemical complex, roughly the same amount it spent on the refinery. Though IOCL had conceptualised the oil refinery and petrochemical complex at the same time, the petrochemical complex was kept in abeyance due to recession. Polymer units feel the polypropylene complex would be a huge boost to the local units, currently dependent on raw material imports from Haldia and Surat. Two more projects have been planned for the petrochemical complex 1,200 ktpa purified terephthalic acid (PTA) plant and petcoke gasification-based synthetic ethanol plant. Both projects would, together, cost IOCL Rs. 28,000 crore and are due to be commissioned by September 2021.
http://www.business-standard.com/article/companies/indian-oil-to-invest-rs-34-000-crore-on-petrochemical-complex-116012700500_1.html
 
Thai company acquires BP petrochemical plant in Alabama
Indorama Ventures Public Company Limited announced it has acquired the facility, which will be called Indorama Ventures Xylenes & PTA LLC. The company did not disclose a purchase price. BP announced the acquisition in January a couple of months after saying it would try to sell its Decatur site as part of a reorganization of its global petrochemicals business. The complex operates on 1,000 acres and can make 1 million tons of purified terephthalic acid, or PTA, per year for the production of polyester.
http://www.al.com/business/index.ssf/2016/04/thai_company_acquires_bp_petro.html
 
Oman firm signs pact with BP to build 1.1 Mn tons capacity purified terephthalic acid project in Sohar
British energy conglomerate BP and Oman International Petrochemical Industries Company (Ompet) have signed a license agreement for the latest technology from the former to build a 1.1 million tons per annum (tpa) capacity project in Sohar. Ompet, which is a joint venture of Oman Oil Company, LG International Corporation and Takamul Investment Company, will have a license for BP’s latest generation purified terephthalic acid (PTA) technology. Ompet plans to build a 1.1 million tonnes per annum unit at Sohar to produce PTA, the primary feedstock for polyesters used in the textile and packaging industry.
http://timesofoman.com/article/66692/Business/Economy/Ompet-plans-to-build-a-11-million-tonnes-per-annum-unit-at-Sohar-to-produce-PTA
 

1.  INTRODUCTION TO THE TEREPHTHALIC ACIDS MARKET 

2.  EXECUTIVE SUMMARY 

3.  MARKET ANALYSIS OF TEREPHTHALIC ACIDS 

4.  TEREPHTHALIC ACIDS MARKET ANALYSIS BY APPLICATIONS

  • Textiles
  • Bottling & Packaging
  • Paints and Coatings
  • Furnishing
  • Others

5.  TEREPHTHALIC ACIDS MARKET ANALYSIS BY REGION 
  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • MEA

6.  COMPETITIVE LANDSCAPE OF TEREPHTHALIC ACIDS COMPANIES 

7.  COMPANY PROFILES OF TEREPHTHALIC ACIDS INDUSTRY
  • Eastman Chemical Company
  • Sinopec Yizheng Chemical Fibre Company
  • Reliance Industries Limited
  • DuPont
  • Alfa Group
  • BP Plc
  • Formosa Plastics Group
  • Mitsubishi Chemical Corporation
  • IVL Belgium N.V.
  • Mitsui Chemicals 

Related Categories
Petrochemicals
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