The purified terephthalic acid (PTA) market size is expected to reach USD 101.10 Billion by 2034, according to a new study by Polaris Market Research. The report "Purified Terephthalic Acid (PTA) Market Size, Share, Trends, & Industry Analysis Report By Application (Polyester, Polybutylene Terephthalate (PBT), Plasticizers, and Others), By End-User Industry, and By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global purified terephthalic acid (PTA) market is experiencing steady growth, driven by strong demand from downstream polyester and PET manufacturing industries. PTA is widely utilized in the production of synthetic fibers, packaging materials, and plastic components, making it crucial in the textile and packaging supply chains.
Manufacturers across Asia Pacific, North America, and Europe are scaling up production capacities to meet rising requirements for PET bottles, plastic films and sheets, and polyester yarns. PTA's cost efficiency and process compatibility made it a key raw material for high-volume industries. The recovery of global trade and industrial activity is accelerating sustained growth in the PTA market.
Purified Terephthalic Acid (PTA) Market Report Highlights
Based on application, the purified terephthalic acid (PTA) polyester segment dominated the market in 2024, due to its widespread usage in textile manufacturing, PET bottle production, and industrial fibers.
In terms of end-user industry, the food and beverage packaging segment is expected to experience the highest growth rate by 2034, fueled by rising demand for PET bottles and containers in beverage, sauce, and edible oil packaging.
Asia Pacific accounted for the majority share of the global purified terephthalic acid (PTA) market in 2024. This dominance is attributed to the high polyester fiber consumption, extensive PET packaging demand, and ongoing industrial expansion across the region.
North America held significant market share, owing to the growing demand for PET-based packaging and engineering plastics.
A few global key market players include Alpek, S.A.B. de C.V., BP p.l.c., China Petroleum & Chemical Corporation (Sinopec), Eastman Chemical Company, Hengli Petrochemical (Dalian) Chemical Co., Ltd., Indian Oil Corporation Limited, Indorama Ventures Public Company Limited, INEOS Group Limited, JBF Petrochemicals Limited, Jiaxing Petrochemical Co., Ltd.
Polaris Market Research has segmented the market report on the basis of application, end-user industry, and region:
By Application Outlook (Revenue, USD Billion, 2020-2034)
Polyester
Polybutylene Terephthalate (PBT)
Plasticizers
Others
By End-User Industry Outlook (Revenue, USD Billion, 2020-2034)
Food & Beverage Packaging
Construction
Electrical & Electronics
Textile
Paints & Coatings
Others
By Regional Outlook (Revenue, USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Purified Terephthalic Acid (PTA) Market Insights
- 4.1. Purified Terephthalic Acid (PTA) Market - Market Snapshot
- 4.2. Purified Terephthalic Acid (PTA) Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising Demand for Polyester-Based Products is Fuelling Market Growth
- 4.2.1.2. Expansion of Consumer-Packaged Goods (CPG) Driving PTA Consumption
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Stringent environmental regulations
- 4.2.2.2. Rising adoption of bio-based alternatives
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Purified Terephthalic Acid (PTA) Market Trends
- 4.6. Value Chain Analysis
5. Global Purified Terephthalic Acid (PTA) Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 5.3. Polyester
- 5.3.1. Global Purified Terephthalic Acid (PTA) Market, by Polyester, by Region, 2020-2034 (USD Billion)
- 5.4. Polybutylene Terephthalate (PBT)
- 5.4.1. Global Purified Terephthalic Acid (PTA) Market, by Polybutylene Terephthalate (PBT), by Region, 2020-2034 (USD Billion)
- 5.5. Plasticizers
- 5.5.1. Global Purified Terephthalic Acid (PTA) Market, by Plasticizers, by Region, 2020-2034 (USD Billion)
- 5.6. Others
- 5.6.1. Global Purified Terephthalic Acid (PTA) Market, by Others, by Region, 2020-2034 (USD Billion)
6. Global Purified Terephthalic Acid (PTA) Market, by End-User Industry
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 6.3. Food & Beverage Packaging
- 6.3.1. Global Purified Terephthalic Acid (PTA) Market, by Food & Beverage Packaging, by Region, 2020-2034 (USD Billion)
- 6.4. Construction
- 6.4.1. Global Purified Terephthalic Acid (PTA) Market, by Construction, by Region, 2020-2034 (USD Billion)
- 6.5. Electrical & Electronics
- 6.5.1. Global Purified Terephthalic Acid (PTA) Market, by Electrical & Electronics, by Region, 2020-2034 (USD Billion)
- 6.6. Textile
- 6.6.1. Global Purified Terephthalic Acid (PTA) Market, by Textile, by Region, 2020-2034 (USD Billion)
- 6.7. Paints & Coatings
- 6.7.1. Global Purified Terephthalic Acid (PTA) Market, by Paints & Coatings, by Region, 2020-2034 (USD Billion)
- 6.8. Others
- 6.8.1. Global Purified Terephthalic Acid (PTA) Market, by Others, by Region, 2020-2034 (USD Billion)
7. Global Purified Terephthalic Acid (PTA) Market, by Geography
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Purified Terephthalic Acid (PTA) Market Assessment, By Geography, 2020-2034 (USD Billion)
- 7.3. Purified Terephthalic Acid (PTA) Market - North America
- 7.3.1. North America: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.3.2. North America: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.3.3. Purified Terephthalic Acid (PTA) Market - US
- 7.3.3.1. US: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.3.3.2. US: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.3.4. Purified Terephthalic Acid (PTA) Market - Canada
- 7.3.4.1. Canada: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.3.4.2. Canada: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.4. Purified Terephthalic Acid (PTA) Market - Europe
- 7.4.1. Europe: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.4.2. Europe: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.4.3. Purified Terephthalic Acid (PTA) Market - UK
- 7.4.3.1. UK: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.4.3.2. UK: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.4.4. Purified Terephthalic Acid (PTA) Market - France
- 7.4.4.1. France: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.4.4.2. France: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.4.5. Purified Terephthalic Acid (PTA) Market - Germany
- 7.4.5.1. Germany: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.4.5.2. Germany: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.4.6. Purified Terephthalic Acid (PTA) Market - Italy
- 7.4.6.1. Italy: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.4.6.2. Italy: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.4.7. Purified Terephthalic Acid (PTA) Market - Spain
- 7.4.7.1. Spain: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.4.7.2. Spain: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.4.8. Purified Terephthalic Acid (PTA) Market - Netherlands
- 7.4.8.1. Netherlands: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.4.8.2. Netherlands: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.4.9. Purified Terephthalic Acid (PTA) Market - Russia
- 7.4.9.1. Russia: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.4.9.2. Russia: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.4.10. Purified Terephthalic Acid (PTA) Market - Rest of Europe
- 7.4.10.1. Rest of Europe: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.4.10.2. Rest of Europe: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.5. Purified Terephthalic Acid (PTA) Market - Asia Pacific
- 7.5.1. Asia Pacific: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.5.2. Asia Pacific: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.5.3. Purified Terephthalic Acid (PTA) Market - China
- 7.5.3.1. China: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.5.3.2. China: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.5.4. Purified Terephthalic Acid (PTA) Market - India
- 7.5.4.1. India: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.5.4.2. India: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.5.5. Purified Terephthalic Acid (PTA) Market - Malaysia
- 7.5.5.1. Malaysia: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.5.5.2. Malaysia: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.5.6. Purified Terephthalic Acid (PTA) Market - Japan
- 7.5.6.1. Japan: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.5.6.2. Japan: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.5.7. Purified Terephthalic Acid (PTA) Market - Indonesia
- 7.5.7.1. Indonesia: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.5.7.2. Indonesia: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.5.8. Purified Terephthalic Acid (PTA) Market - South Korea
- 7.5.8.1. South Korea: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.5.8.2. South Korea: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.5.9. Purified Terephthalic Acid (PTA) Market - Australia
- 7.5.9.1. Australia: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.5.9.2. Australia: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.5.10. Purified Terephthalic Acid (PTA) Market - Rest of Asia Pacific
- 7.5.10.1. Rest of Asia Pacific: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.5.10.2. Rest of Asia Pacific: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.6. Purified Terephthalic Acid (PTA) Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.6.2. Middle East & Africa: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.6.3. Purified Terephthalic Acid (PTA) Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.6.3.2. Saudi Arabia: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.6.4. Purified Terephthalic Acid (PTA) Market - UAE
- 7.6.4.1. UAE: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.6.4.2. UAE: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.6.5. Purified Terephthalic Acid (PTA) Market - Israel
- 7.6.5.1. Israel: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.6.5.2. Israel: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.6.6. Purified Terephthalic Acid (PTA) Market - South Africa
- 7.6.6.1. South Africa: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.6.6.2. South Africa: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.6.7. Purified Terephthalic Acid (PTA) Market - Rest of Middle East & Africa
- 7.6.7.1. Rest of Middle East & Africa: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.6.7.2. Rest of Middle East & Africa: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.7. Purified Terephthalic Acid (PTA) Market - Latin America
- 7.7.1. Latin America: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.7.2. Latin America: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.7.3. Purified Terephthalic Acid (PTA) Market - Mexico
- 7.7.3.1. Mexico: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.7.3.2. Mexico: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.7.4. Purified Terephthalic Acid (PTA) Market - Brazil
- 7.7.4.1. Brazil: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.7.4.2. Brazil: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.7.5. Purified Terephthalic Acid (PTA) Market - Argentina
- 7.7.5.1. Argentina: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.7.5.2. Argentina: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
- 7.7.6. Purified Terephthalic Acid (PTA) Market - Rest of Latin America
- 7.7.6.1. Rest of Latin America: Purified Terephthalic Acid (PTA) Market, by Application, 2020-2034 (USD Billion)
- 7.7.6.2. Rest of Latin America: Purified Terephthalic Acid (PTA) Market, by End-User Industry, 2020-2034 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Alpek, S.A.B. de C.V.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. BP p.l.c.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. China Petroleum & Chemical Corporation (Sinopec)
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Eastman Chemical Company
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Hengli Petrochemical (Dalian) Chemical Co., Ltd.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Indian Oil Corporation Limited
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Indorama Ventures Public Company Limited
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. INEOS Group Limited
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. JBF Petrochemicals Limited
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Jiaxing Petrochemical Co., Ltd.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. LOTTE Chemical Corporation
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Mitsubishi Chemical Corporation
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development