The global terephthalic acid market size was USD 56.48 Billion in 2022 and is expected to register a revenue CAGR of 4.9% during the forecast period. Rising demand for polyesters in textile and packaging industries, growing adoption of terephthalic acid in textile and home furnishing sector, rising global demand for Polyethylene Terephthalate (PET) resin from packaging materials, and increasing adoption of PET film as a protective layer in building materials are expected to drive market revenue growth.
The Terephthalic Acid market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Terephthalic Acid market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Terephthalic Acid market.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Terephthalic Acid market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Eastman Chemical Company, DuPont, Reliance industries Limited, Indorama Ventures Public Company Limited, Tianjin Petrochemical Co., Ltd, SABIC, Sinopec, Mitsubishi Chemical Corporation, Karyopharm, Formosa Plastics, HANWA Co., Ltd., BP p.l.c. and Alpek S.A.B. de C.V.
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Emergen Research has segmented the global Terephthalic Acid market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
The various regions analyzed in the report include:
Key Objectives of the Report:
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