Market Size of Dimethyl Terephthalate (DMT) Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > -3.14 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Dimethyl Terephthalate (DMT) Market Analysis
The dimethyl terephthalate market size is expected to decline from 788.93 kilotons in 2023 to 672.74 kilotons by 2028, at a CAGR of -3.14% over the forecast period.
The COVID-19 pandemic negatively impacted the market. Several countries worldwide applied lockdowns to curb the spread of the virus. The shutdown of numerous companies and factories disrupted worldwide supply networks and harmed global production, delivery schedules, and product sales.
- In the short term, major factors driving the market's growth are the rising demand for polyethylene terephthalate (PET), polybutylene terephthalate (PBT), and the rising demand for polyester fiber in the textile industry.
- On the flip side, the availability of economical substitutes like PTA (Purified Terephthalic Acid) may likely restrain the market's growth.
- Asia-Pacific accounted for the highest market share, and the region may likely dominate the market during the forecast period.
Dimethyl Terephthalate (DMT) Industry Segmentation
Dimethyl terephthalate is a diester resulting from the formal condensation of the carboxy groups of terephthalic acid with methanol. It is a primary ingredient widely used in polyesters and industrial plastics manufacture. It is a methyl ester, a diester, and a phthalate ester. It is functionally related to terephthalic acid.
The dimethyl terephthalate is segmented by form, application, and geography. By form, the market is segmented into flake DMT and liquid DMT. The market is segmented by application into polyester film, polyester fiber, PET resin, and other applications. The report also covers the market size and forecasts for the dimethyl terephthalate market in 15 countries across major regions. For each segment, market sizing and forecasts are done in volume (kilotons).
By Form | |
Flake (Solid) DMT | |
Liquid DMT |
By Application | |
Polyester Film | |
Polyester Fiber | |
PET Resin | |
Other Applications (Including PBT) |
By Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Dimethyl Terephthalate (DMT) Market Size Summary
The Dimethyl Terephthalate (DMT) market is expected to experience a decline over the forecast period. This is largely due to the impact of the COVID-19 pandemic, which led to the shutdown of companies and factories worldwide, disrupting supply networks and global production. The market's growth is driven by the rising demand for polyethylene terephthalate (PET), polybutylene terephthalate (PBT), and polyester fiber in the textile industry. However, the availability of economical substitutes like PTA (Purified Terephthalic Acid) may likely restrain the market's growth. In terms of market trends, polyester fiber, produced from DMT, is expected to dominate the market. These fibers are increasingly used in various industries, including textiles, due to their superior strength and durability. However, the demand for DMT in this segment is declining as newer plants tend to use the TPA process. The Asia-Pacific region accounts for the highest global DMT market share, largely due to continuous polyester and PET resin production. Despite this, the demand for DMT is projected to decline due to the rising applications of PTA for polyester resin production.
Explore MoreDimethyl Terephthalate (DMT) Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Rising Demand for Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT)
-
1.1.2 Rising Demand for Polyester Fiber in the Textile Industry
-
-
1.2 Restraints
-
1.2.1 Availability of Economical Substitutes Like PTA (Purified Terephthalic Acid)
-
1.2.2 Other Restraints
-
-
1.3 Industry Value-chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Form
-
2.1.1 Flake (Solid) DMT
-
2.1.2 Liquid DMT
-
-
2.2 By Application
-
2.2.1 Polyester Film
-
2.2.2 Polyester Fiber
-
2.2.3 PET Resin
-
2.2.4 Other Applications (Including PBT)
-
-
2.3 By Geography
-
2.3.1 Asia-Pacific
-
2.3.1.1 China
-
2.3.1.2 India
-
2.3.1.3 Japan
-
2.3.1.4 South Korea
-
2.3.1.5 ASEAN Countries
-
2.3.1.6 Rest of Asia-Pacific
-
-
2.3.2 North America
-
2.3.2.1 United States
-
2.3.2.2 Canada
-
2.3.2.3 Mexico
-
-
2.3.3 Europe
-
2.3.3.1 Germany
-
2.3.3.2 United Kingdom
-
2.3.3.3 France
-
2.3.3.4 Italy
-
2.3.3.5 Rest of Europe
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Middle East and Africa
-
2.3.5.1 Saudi Arabia
-
2.3.5.2 South Africa
-
2.3.5.3 Rest of Middle East and Africa
-
-
-
Dimethyl Terephthalate (DMT) Market Size FAQs
Who are the key players in Dimethyl Terephthalate (DMT) Market?
Eastman Chemical Company, Connect Chemicals, SASA Polyester Sanayi A.S., OAO Mogilevkhimvolokno and Fiber Intermediate Products Company are the major companies operating in the Dimethyl Terephthalate (DMT) Market.
Which is the fastest growing region in Dimethyl Terephthalate (DMT) Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).