Terephthalic Acid Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Terephthalic Acid Market is likely to witness an impressive CAGR of 5.4% during the forecast period.
. Drivers
The prime factor driving the terephthalic acid market is the packaging industry across the globe along with the advancement in production technology
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Key Players
Some of the major companies into this market are-
- Reliance Industries Limited (India)
- British Petroleum (UK)
- Sinopec Corporation (China)
- Indorama Ventures Public Company (Thailand)
- SABIC (Saudi Arabia).
What is Terephthalic Acid?
Terephthalic Acid Market is growing at a very impressive CAGR of 5.4%. With the formula C6H4(CO2H)2, terephthalic acid is an organic compound, which is a white solid commodity chemical, used principally as a precursor to polyester PET, used to make clothing and plastic bottles.
By Region
Asia Pacific is estimated to be the largest as well as the fastest-growing market for terephthalic acid during the forecast period, followed by North America and Europe, with developing countries such as France, Germany, Spain, and the UK being the major countries with lucrative growth opportunities. The rise in demand for terephthalic acid and increase in consumption of PET bottles are anticipated to influence the growth of the terephthalic acid market in the region.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Terephthalic Acid Market analysis report discusses the following heads in detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
About Stratview Research
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