The latest research study published by Reports and Data titled Terephthalic Acid Market provides a thorough assessment of the market. As per the report, the Terephthalic Acid market is expected to be valued at USD 81.12 Billion by 2027 from USD 51.39 Billion in 2019, growing at a CAGR of 5.1% through the forecast years. The report analyzes the historical and present-day scenario of the global Terephthalic Acid market, to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the Terephthalic Acid market, to identify the opportunistic avenues of the business potential for stakeholders. The report offers key insights into market share, market size, and market revenue growth for the forecast period 2021-2028.
To manufacture an enormous array of products, the materials and chemicals business employs a number of raw materials, ranging from air and minerals to oil (such as petrochemicals, agrochemicals, and fragrances). Basic chemicals (sold inside the chemical industry), specialty chemicals (for paints and inks, crop protection), and consumer chemicals are all produced by the chemical industry (sold directly to the public such as detergents). Decarbonization methods are being investigated by the materials and chemicals sectors as a result of the development of digital technology (such as advanced analytics) and growing environmental concerns.
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Industry players in the Terephthalic Acid market are adopting the strategy of forwarding integration to cater to increasing product demand and to enhance their footprint in the global market.
This market report provides details of new recent developments, import-export analysis, trade regulations, production analysis, value chain optimization, market share, analyses opportunities in terms of emerging revenue pockets, the impact of domestic and localized market players, changes in the market, trends, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. The report offers insights into key factors influencing the segment's revenue growth and provides information about lucrative investment opportunities to stakeholders, investors, and clients.
North America is expected to dominate the global materials and chemicals market landscape during the forecast period owing to the strong presence of prominent industry players in this region.
APAC is projected to be the fastest-growing Terephthalic Acid market globally. The increasing manufacturing and export over the past years have led several global leading companies to not only make huge investments in the region’s chemical sector but also set up their own manufacturing sites to increase their presence in this emerging market.
Top companies operating in the market and profiled in the report include 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.
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For the purpose of this report, Reports and Data have been segmented into the global Terephthalic Acid market on the basis of the manufacturing process, derivative, end-use industry, and region:
Manufacturing Process Outlook
- Amoco Process
- Multistage Oxidation
- Henkel Process
- Polybutylene Terephthalate (PBT)
- Dimethyl Terephthalate
- Polyethylene Terephthalate (PET)
- Polytrimethylene Terephthalate (PTT)
End-Use Industry Outlook
- Electrical and Electronics
- Paints and Coatings
Major Highlights of the Global Terephthalic Acid Market Report:
- Comprehensive analysis of the market, supported by vital data information systematically gathered and organized in the study.
- Inclusive of an in-depth market overview with key analyst insights
- Detailed study of the global Terephthalic Acid industry using primary and secondary research methodologies
- Exhaustive analysis of the dynamic factors influencing market growth
- Detailed segmentation of the global Terephthalic Acid Market
- Key industry innovations and growth opportunities
- Highlights the key strategies undertaken by market players
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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