Dimethyl Terephthalate (DMT) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Form (Flake DMT and Liquid DMT), Application (Polyethylene Terephthalate, Polybutylene Terephthalate, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

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Dimethyl Terephthalate (DMT) Market Size

Dimethyl Terephthalate Market Size
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 4 %

Major Players

Dimethyl Terephthalate Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Dimethyl Terephthalate (DMT) Market Analysis

The global Dimethyl Terephthalate market is expected to grow with a CAGR greater than 4% during the forecast period. One of the major factors driving the market is the rising demand for Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT). However, the availability of more economical substitutes, like PTA (Purified Terephthalic Acid) is hindering the growth of the market studied.

  • Increasing demand for polyesters in various end-user industries is another major driver for the market studied
  • Asia-Pacific accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
  • Among the applications, manufacturing PET is expected to dominate the market studied during the forecast period.

Dimethyl Terephthalate (DMT) Industry Segmentation

The Dimethyl Terephthalate market report includes:

Form
Flake (Solid) DMT
Liquid DMT
Application
Polyethylene Terephthalate (PET)
Polybutylene Terephthalate (PBT)
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Dimethyl Terephthalate (DMT) Market Trends

This section covers the major market trends shaping the Dimethyl Terephthalate (DMT) Market according to our research experts:

Polyethylene Terephthalate (PET) Manufacturing Application to Dominate the Market

  • Among various applications, the major application of DMT serves to be in the production of PET resin and polymer.
  • The application of PET has been increasing in various end-user industries, such as packaging, construction, and electronics.
  • The increasing demand for flexible packaging is further driving the demand for PET.
  • Thus, with the rising PET demand from such industries, the production of PET is also projected to increase, which is likely to drive the demand for DMT in the coming years.
  • Hence, owing to the above-mentioned factors, Polyethylene Terephthalate (PET) manufacturing application is expected to dominate the market studied during the forecast period.
Dimethyl Terephthalate Market Trends

Asia-Pacific to Dominate the Market

  • Currently, Asia-Pacific accounts for the highest share of the global Dimethyl Terephthalate (DMT) market.
  • Along with this, the region is also projected to witness the highest growth, owing to the strong economic growth, increasing industrial output and investment attractiveness of the region.
  •  Investment attractive emerging economies, like China, India, Indonesia, etc. in the region, along with Japan, and the increased output in various end-user industries, such as electrical & electronics, food & beverage, and pharmaceutical industry has been substantially adding to the demand for PET and PBT. 
  • Thus, with the increasing demand for such polymers, DMT demand is projected to witness strong growth in the region during the forecast period.
  • Hence, owing to the above-mentioned factors, Asia-Pacific is expected to dominate the market during the forecast period. 
Dimethyl Terephthalate Market Growth

Dimethyl Terephthalate (DMT) Industry Overview

The global Dimethyl Terephthalate (DMT) market is moderately consolidated as the market of the market share is divided among few players. Some of the key players in the market include Eastman Chemical Company, Fiber Intermediate Products Company, INVISTA, SK chemicals, and SASA Polyester Sanayi A.Ş., among others.

Dimethyl Terephthalate (DMT) Market Leaders

  1. Eastman Chemical Company

  2. FIBER INTERMEDIATE PRODUCTS COMPANY

  3. INVISTA

  4. SK chemicals

  5. SASA Polyester Sanayi A.Ş.

*Disclaimer: Major Players sorted in no particular order

Eastman Chemical Company, FIBER INTERMEDIATE PRODUCTS COMPANY, INVISTA, SK chemicals, SASA Polyester Sanayi A.Ş.

Dimethyl Terephthalate (DMT) Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Demand for Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT)

      2. 4.1.2 Increasing Demand for Polyesters in the End-user Industries

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Availability of More Economical Substitutes, Like PTA (Purified Terephthalic Acid)

      2. 4.2.2 Impact of COVID-19 Pandemic

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Form

      1. 5.1.1 Flake (Solid) DMT

      2. 5.1.2 Liquid DMT

    2. 5.2 Application

      1. 5.2.1 Polyethylene Terephthalate (PET)

      2. 5.2.2 Polybutylene Terephthalate (PBT)

      3. 5.2.3 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Eastman Chemical Company

      2. 6.4.2 Fiber Intermediate Products Company

      3. 6.4.3 INVISTA

      4. 6.4.4 OAO Mogilevkhimvolokno

      5. 6.4.5 Oxxynova GmbH

      6. 6.4.6 Sarna Chemicals

      7. 6.4.7 SASA Polyester Sanayi A.S.

      8. 6.4.8 SK chemicals

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Dimethyl Terephthalate (DMT) Market Research FAQs

The Dimethyl Terephthalate (DMT) Market is studied from 2018 - 2028.

The Dimethyl Terephthalate (DMT) Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

Eastman Chemical Company, FIBER INTERMEDIATE PRODUCTS COMPANY, INVISTA, SK chemicals, SASA Polyester Sanayi A.Ş. are the major companies operating in Dimethyl Terephthalate (DMT) Market.

Dimethyl Terephthalate (DMT) Industry Report

Statistics for the 2023 Dimethyl Terephthalate (DMT) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Dimethyl Terephthalate (DMT) analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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