India Purified Terephthalic Acid Market Segmented By Sales Channel (Direct Company Sale, Direct Import, Distributors/Traders), By End User (Polyester Fiber and Yarn, PET Resin, Polyester Film, Others), By Region (West, South, North, East), By Company, Competition, Forecast & Opportunities, 2016-2035F

India purified terephthalic acid market demand was assessed at USD4487.08 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 7.97% due to its increasing use in the textile industry. Over the next few years, the rising usage of purified terephthalic acid (PTA) in the paints and coatings industry will likely enhance the market growth. In the bottling industry, purified terephthalic acid is used in producing plastic bottles, bottle resins, and films, among others, because of its toughness and flexibility.

Growth in Packaging Industry

In India, expanding urbanization, industrialization, rising disposable income, and changes in people's lives have increased the consumption of food and beverages, clothes, medications, alcohol, and other items. Furthermore, rising apparel sales through e-commerce platforms increase demand for packaging and textile materials. The growing need for polyethylene terephthalate from the packaging and bottling industries will likely boost purified terephthalic acid consumption, propelling the India purified terephthalic acid market to new heights through 2035.

Increasing Demand of Polyester Fibers

Polyester powder coating resins are made from purified terephthalic acid and used in general metal formulation, appliance, automobile, industrial maintenance, and coil coatings. Polyester fibers are utilized in various applications, including clothing and home furnishings, bedsheets, bedspreads, curtains, and draperies. Purified terephthalic acid is primarily used to produce polyester fibers and yarn. Polyester fibers are artificial and increasingly adopted by the textile industry, owing to their recyclability, versatility, and affordability compared to other fibers.

Rising Demand from Paint and Coatings Industry

Purified terephthalic acid has an aromatic ring that gives coating resins and unsaturated polyesters toughness, corrosion, and stain resistance. As a result, it is common in the paint and coatings sector. Purified terephthalic acid is a raw material for lower molecular weight saturated polyesters for powder and water-soluble coatings. Hence, rising demand from the paints and coatings industry owing to its high effectiveness is expected to drive the market over the forecast period.

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Market Segmentation

India purified terephthalic acid market is segmented by sales channel (direct company sale, direct import, distributors/traders), by end user (polyester fiber and yarn, pet resin, polyester film, others), by region, by company and others. By end use, polyester fiber and yarn dominated the market in 2022 with an overall share of 59.60% due to its variety of applications in clothing and home furnishings, including bedsheets, bedspreads, curtains, and draperies. Because of the broad use and acceptance of purified terephthalic acid, the west region led the market with a share of 84.45% in 2022.

Company Profiles

Reliance Industries Limited, Indian Oil Private Limited, MCPI Private Limited, Indorama Ventures Public Company Limited and INEOS Aromatics Limited are among the major market players that lead the market growth of the India Purified Terephthalic Acid Market.

Report Scope:

In this report, India purified terephthalic acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         India Purified Terephthalic Acid (PTA) market, By Sales channel:

o   Direct Company Sale

o   Direct Import

o   Distributors/Traders

·         India Purified Terephthalic Acid (PTA) market, By End user:

• Polyester Fiber and Yarn
• PET Resin
• Polyester Film
• Others

·         India Purified Terephthalic Acid (PTA) market, By Region:  

• West
• North
• East
• South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India purified terephthalic acid market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).