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

  • Industry : Chemicals
  • Pages : 72
  • Published Date : June, 2022
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Summary

Report Description

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.

Attribute

Details

Demand value in 2022

USD5458.38 million

Revenue Forecast in 2035

USD16009.15 million

Growth Rate

7.97%

Base Year

2022

Historical Years

2016 – 2021

Estimated Year

2023

Forecast Period

2024 – 2035

Quantitative Units

Demand in USD Million, Volume in Thousand Tonnes

Report Coverage

·         Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Feedstock type

·         Production Method

·         Application

Key Companies Profiled

Reliance Industries Limited, Indian Oil Private Limited, MCPI Private Limited, Indorama Ventures Public Company Limited, INEOS Aromatics Limited

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

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).

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Purified Terephthalic Acid (PTA) Market

4.    Global Purified Terephthalic Acid (PTA) Demand Overview

5.    India Purified Terephthalic Acid (PTA) Demand–Supply Outlook, 2016-2035

5.1.  By Capacity, By Volume

5.1.1.    By Company and Location

5.1.2.    By Technology

5.2.  By Production, By Operating Efficiency

5.2.1.    By Company

5.3.  Foreign Trade

5.3.1.    Import & Export Analysis (By Supplier-Three Year Historical Data)

5.3.2.    Top 10 Importing Countries – Value & Volume

6.    India Purified Terephthalic Acid (PTA) Demand Outlook, 2016-2035

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Sales Channel (Direct Company Sale, Direct Import, Distributors/Traders)

6.2.2.    By End Use (Polyester Fiber and Yarn, PET Resin, Polyester Film, Others)

6.2.3.    By Region

6.2.4.    By Company (2022)

7.    Pricing Analysis

7.1.  By Source

8.    Market Dynamics

8.1.  Drivers

8.2.  Challenges

9.    Market Trends & Developments

10. Policy & Regulatory Landscape

11. Competitive Landscape

11.1.Company Profiles

11.1.1. Reliance industries Limited

11.1.2. Indian Oil Private Limited

11.1.3. MCPI Private Limited

11.1.4. Indorama Ventures Public Company Limited

11.1.5. INEOS Aromatics Limited

12. Strategic Recommendations

Note: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022. Please note that all the macroeconomic indicators in the economic profiles are for Calendar year.

Figures and Tables

List of Figures:

Figure 1: Global Purified Terephthalic Acid (PTA) Demand Market Share, By Volume, 2022E

Figure 2: Global PET Demand Outlook, 2016-2023E (Million Tonnes)

Figure 3: India Purified Terephthalic Acid (PTA) Demand Outlook, By Value (USD Million), 2016-2035F

Figure 4: India Purified Terephthalic Acid (PTA) Demand Share, By Sales Channel, By Volume, 2016-2021

Figure 5: India Purified Terephthalic Acid (PTA) Demand Share, By End Use, By Volume, 2016-2035F

Figure 6: India Purified Terephthalic Acid (PTA) Demand Share, By Region, By Volume, 2016-2035F

Figure 7: India Purified Terephthalic Acid (PTA) Demand Share, By Company, By Volume, 2022

Figure 8: India Home Textile Industry Market Size, 2014, 2018, 2021, By Value (USD Billion)

Figure 9: India Plastic Packaging Industry Market Size, 2010, 2015, 2020, By Value (USD Billion)

Figure 10: Quarterly Value of Construction in India's GDP as on January 2020 to January 2022 (INR Billion)

Figure 11: China Paraxylene Prices, April 2021-March 2022 (USD/MT) 

Figure 12: Countries Having Major Share in Exports of PTA

Figure 13: India Plastic Packaging Industry Market Size, 2010, 2015, 2020, By Value (USD Billion)

Figure 14: Quarterly Value of Construction in India's GDP as on January 2020 to January 2022 (INR Billion)

Figure 15: China Paraxylene Prices, April 2021-March 2022 (USD/MT)

Figure 16: Countries Having Major Share in Exports of PTA 


List of Tables:


Table 1: India Purified Terephthalic Acid, Technology Evaluation (Manufacturing Process, Advantages and Disadvantages)

Table 2: Global Purified Terephthalic Acid (PTA) Demand Outlook, By Volume (Million Tonnes), 2018-2025F

Table 3: India Purified Terephthalic Acid Demand Supply Outlook, By Capacity, By Company and Location, By Volume (Thousand Tonnes), 2016-2035F

Table 4: India Purified Terephthalic Acid Demand Supply Outlook, By Capacity, By Technology Licensors, By Volume (Thousand Tonnes), 2016-2035F

Table 5: India Purified Terephthalic Acid Demand Supply Outlook, By Production, By Volume (Thousand Tonnes), 2016-2035F

Table 6: India Purified Terephthalic Acid Demand Supply Outlook, By Operating Efficiency, By Volume, 2016-2035F

Table 7: India Purified Terephthalic Acid Import Share, By Supplier, By Volume, 2020-2022(000 Tonnes)

Table 8: India Purified Terephthalic Acid Export Share, By Supplier, By Volume, 2020-2022(000 Tonnes)

Table 9: India Purified Terephthalic Acid Import Data, By Value (USD Million) & By Volume (Thousand Tonnes), 2016-2021

Table 10: India Purified Terephthalic Acid Export Data, By Value (USD Million) & By Volume (Thousand Tonnes), 2016-2021

Table 11: India PSF and PFY Market, 2019-2022 (000 Tonnes)

Table 12: India Purified Terephthalic Acid (PTA) Demand Outlook, By Volume (Thousand Tonnes), 2016-2035F

Table 13: India PSF and PFY Market, 2019-2022 (000 Tonnes)

Table 14: India PTA Prices, CFR JNPT Prices, January 2020 to March 2022 (USD / Tonne)

Table 15: Historical Benchmarked PTA & Paraxylene Prices, January 2020 to March 2022, (USD / Tonnes)

Table 16: Historical Benchmarked PTA & Paraxylene Prices, January 2020 to March 2022, (USD/Tonne)

Table 17: India para-Xylene Demand Outlook, By Volume (Thousand Tonnes), 2019-2022

Frequently asked questions

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The market size of the India purified terephthalic acid market was estimated to be USD 5458.38 million in 2022.

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Polyester fiber and yarn dominated the market in 2021 with an overall share of 60.29% due to its variety of applications in clothing and home furnishings including bedsheets, bedspreads, curtains, and draperies.

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West is the fastest growing region with a share of 84.45% because of broad use and acceptance of purified terephthalic acid in the region.

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Growing demand from textile industry and widespread use in the bottling and packaging industry are two major driving forces in the India purified terephthalic acid market.

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Sakshi Bajaal

Business Consultant
Press Release

India Purified Terephthalic Acid Market to Grow with a CAGR of 7.97% during the forecast period

Jun, 2022

Growing demand from the textile industry has been a key factor in the increase in demand for products made from purified terephthalic acid (PTA) in the region during the forecast period.

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