Reports and Data’s latest report, titled “Purified Terephthalic Acid Market,” thoroughly study the Purified Terephthalic Acid market to offer accurate market projections such as forecast market size and value, revenue share, and market revenue growth rate. The report is a descriptive summary of the  Purified Terephthalic Acid business sphere and offers an in-depth study of the key market trends and growth prospects. It identifies the top products and services offered by this industry and analyzes their application scope and end-use industries. The report presents key industry statistics in a tabular format to help readers gain viable insights into the  Purified Terephthalic Acid industry and its core mechanisms.

It is employed in the manufacture of terephthaloyl chloride, liquid crystal polymers, plasticizers, cyclohexanedimethanol, and copolyester-ether elastomers.  Purified Terephthalic Acid is more cost-effective than the dimethyl terephthalate alternative for most grades of polyester used in textiles and food and beverage containers.  Purified Terephthalic Acid is used to manufacture polyester coatings resins for usage in the formulation of appliance, general metal, industrial maintenance, automotive, and coil coatings.

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Market Overview:

Demand for innovative materials is driven by transformations in the energy, automotive, logistics, manufacturing, construction, and other industries, as well as growing industry 4.0 technologies. Sustainability, lightweighting, 3D printing, and surface engineering are all hot topics in the materials sector, as are intelligent materials, nano-formulations, and new composites with improved properties. Furthermore, increased adoption of artificial intelligence (AI), machine learning (ML), and data management strategies encourages scientists to investigate and develop novel materials considerably more quickly, reducing time-to-market from decades to only a few years.

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

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Regional Outlook:

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  Purified 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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Purified Terephthalic Acid Market Segmentation:

The report segments the  Purified Terephthalic Acid markets on the basis of product types, end-use industries, technology, and region.

Manufacturing Process Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)

Amoco Process

Cooxidation

Multistage Oxidation

Henkel Process

Derivative Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)

Polybutylene Terephthalate (PBT)

Dimethyl Terephthalate

Polyethylene Terephthalate (PET)

Polytrimethylene Terephthalate (PTT)

End-Use Industry Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)

Packaging

Electrical and Electronics

Construction

Paints and Coatings

Textiles

Furniture

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