Purified Terephthalic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Terephthalic Acid Market Size & Analysis and it is Segmented by Derivative (Polyethylene Terephthalate, Polybutylene Terephthalate, Polytrimethylene Terephthalate, Dimethyl Terephthalate), Application (Packaging, Fibers, Paints and Coatings, Adhesives, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for Terephthalic Acid in volume (kilo tons) for all the above segments.

Purified Terephthalic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Terephthalic Acid Market Size

Terephthalic Acid Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 5.50 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Terephthalic Acid Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Terephthalic Acid Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Terephthalic Acid Market Analysis

The Terephthalic Acid Market is expected to register a CAGR of greater than 5.5% during the forecast period.

The sporadic outbreak of the COVID-19 pandemic in 2020 and the first half of 2021 drastically curtailed the demand for terephthalic acid in its major application sectors, i.e., packaging, fibers for textile, and paint and coatings, due to imposed government bans and restrictions, thereby limiting the growth of the market. The downstream packaging industry exhibited lackluster sales due to closed commercial places and tourist movements. The increased e-commerce food and retail service during lockdowns could not compensate for the declining sales in large-scale food and beverage sectors. Furthermore, the demand for textiles dropped drastically as people were confined to staying in their houses. Meanwhile, terephthalic acid production and distribution activities were paralyzed owing to scarce raw material supply, limited working hours/labor strength, and constrained financials. However, the industries have been on track for recovery since the pandemic's retraction in mid-2021. The demand from downstream sectors rebounded in 2022, reinstating terephthalic acid contracts, which kick-started the market growth.

  • Over the medium term, the rising consumption of the downstream product polyethylene terephthalate (PET) from the packaging sector and the high demand for polyester fibers in the textile industries of Asia Pacific are the major driving factors augmenting the growth of the market studied.
  • On the flip side, the toxic effects of terephthalic acid on health and the environment are anticipated to restrain the growth of the target industry over the forecast period.
  • Nevertheless, the growing advancement in production techniques employed in manufacturing terephthalic acid will likely create lucrative growth opportunities for the global market.
  • Asia-Pacific emerged as the largest market for textile chemicals and is expected to witness the highest CAGR during the forecast period. This dominance of Asia-Pacific is attributed to the bullish demand for packaging, fibers, and coating applications in growing economies like China and India.

Terephthalic Acid Industry Overview

The terephthalic acid market is partly fragmented in nature. Some of these major players (not in any particular order) include SABIC, Sinopec Corp., Arkema, INEOS, and BP p.l.c. among others.

Terephthalic Acid Market Leaders

  1. SABIC

  2. Sinopec Corp.

  3. INEOS

  4. Reliance Industries Limited

  5. BP p.l.c.

  6. *Disclaimer: Major Players sorted in no particular order
Terephthalic Acid Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Terephthalic Acid Market News

  • August 2022: The Indian multinational conglomerate company, Reliance Industries Ltd., revealed its plan to invest in expanding the capacity of the polyester value chain in the next five years. As a part of this strategy, the company will build the world's largest single-train PTA (purified terephthalic acid) plant of 3 MMTPA capacity at Dahej, Gujarat.
  • March 2022: Ineos Aromatics completed upgrading its PTA plant in Merak, Indonesia, by installing a large oxygen reactor and reconfiguring the heat recovery system to reduce carbon emissions from the site operations. As a part of the upgrading, the company also increased the PTA capacity from 500,000 tons to 575,000 tons per annum.

Terephthalic Acid Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Consumption for Polyethylene Terephthalate in the Packaging Sector
    • 4.1.2 Significant Demand of Polyester Fibers from the Textile Sector in Asia Pacific
  • 4.2 Restraints
    • 4.2.1 Toxic Effects of Terephthalic Acid
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Derivative
    • 5.1.1 Polyethylene Terephthalate (PET)
    • 5.1.2 Polybutylene Terephthalate (PBT)
    • 5.1.3 Polytrimethylene Terephthalate (PTT)
    • 5.1.4 Dimethyl Terephthalate
  • 5.2 Application
    • 5.2.1 Packaging
    • 5.2.2 Fibers
    • 5.2.3 Paints and Coatings
    • 5.2.4 Adhesives
    • 5.2.5 Other Applications (Pharmaceuticals, Chemical Intermediates)
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/ Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Arkema
    • 6.4.2 BP p.l.c.
    • 6.4.3 INEOS
    • 6.4.4 China Petroleum & Chemical Corporation
    • 6.4.5 Eastman Chemical Company
    • 6.4.6 Formosa Petrochemical Co.
    • 6.4.7 Indian Oil Corporation Ltd
    • 6.4.8 Indorama Ventures Public Company Limited
    • 6.4.9 Lotte Chemical Corporation
    • 6.4.10 Mitsubishi Chemical Corporation
    • 6.4.11 PetroChina Company Limited
    • 6.4.12 Reliance Industries Limited
    • 6.4.13 SABIC
    • 6.4.14 Samyang Holdings Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Advancement in Production Technology
**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Terephthalic Acid Industry Segmentation

Terephthalic Acid, chemically known as Benzene-1,4-dicarboxylic acid, is a condensation polymer and an essential industrial aromatic precursor for polyethylene terephthalate (PET). These other petrochemical derivatives find usage in diverse industries such as packaging, textile, etc. Crude terephthalic acid obtained from the oxidation reaction of p-xylene contains impurities such as 4-carboxy benzaldehyde and several colored polyaromatics. Hence, terephthalic acid is first subjected to purification before exploiting it as an intermediate in the petrochemical industry. The terephthalic acid market is segmented by derivative, application, and geography. By derivative, the market is segmented into polyethylene terephthalate (PET), polybutylene terephthalate (PBT), polytrimethylene terephthalate (PTT), and dimethyl terephthalate. By application, the market is segmented into packaging, fibers, paints and coatings, adhesives, and other applications. The report also covers the size and forecasts for the terephthalic acid market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilo tons).

Derivative Polyethylene Terephthalate (PET)
Polybutylene Terephthalate (PBT)
Polytrimethylene Terephthalate (PTT)
Dimethyl Terephthalate
Application Packaging
Fibers
Paints and Coatings
Adhesives
Other Applications (Pharmaceuticals, Chemical Intermediates)
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
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
Need A Different Region or Segment?
Customize Now

Terephthalic Acid Market Research FAQs

What is the current Terephthalic Acid Market size?

The Terephthalic Acid Market is projected to register a CAGR of greater than 5.5% during the forecast period (2025-2030)

Who are the key players in Terephthalic Acid Market?

SABIC, Sinopec Corp., INEOS, Reliance Industries Limited and BP p.l.c. are the major companies operating in the Terephthalic Acid Market.

Which is the fastest growing region in Terephthalic Acid Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Terephthalic Acid Market?

In 2025, the Asia-Pacific accounts for the largest market share in Terephthalic Acid Market.

What years does this Terephthalic Acid Market cover?

The report covers the Terephthalic Acid Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Terephthalic Acid Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Terephthalic Acid Industry Report

Statistics for the 2025 Terephthalic Acid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Terephthalic Acid analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.