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Terephthalic Acid Market Estimates to Surpass USD 81.12 Billion By 2027 | Reports and Data

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Terephthalic Acid Market Estimates to Surpass USD 81.12 Billion By 2027 | Reports and Data

September 26
22:35 2022
Terephthalic Acid Market Estimates to Surpass USD 81.12 Billion By 2027 | Reports and Data
Terephthalic Acid Market
The growing application of the market product in plastics and its usage as a raw material is driving its demand.

The global Terephthalic Acid market is forecast to reach USD 81.12 Billion by 2027, according to a new report by Reports and Data. Terephthalic acid is produced by chemical synthesis of crude oil. The majority of the terephthalic acid is utilized in the production of polyester resin, which is used to manufacture polyester film, polyethylene terephthalate resin, and polyester fiber.

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

Click the link to get a Sample Copy of the Report:@ https://www.reportsanddata.com/sample-enquiry-form/2604

Top Companies: 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.

Further key findings from the report suggest

  • The electric and electronic industry is expected to contribute towards the growth of the Terephthalic Acid owing to the expansion of the power grid globally. Rapid urbanization, coupled with rising incomes in developing countries, is expected to impact the market growth.
  • The packaging segment is expected to grow due to the rising demand for bottles and soft drinks. Terephthalic acid is used in baked goods containers, ketchup, take-out containers, jars, frozen foods, household products, juices, and carbonated drinks, bottled water, and cosmetics.
  • The Amoco process is widely adopted for the production of Terephthalic acid by oxidation of p-xylene using oxygen in the air. The process uses a cobalt-manganese-bromide catalyst.
  • Polybutylene terephthalate is a thermoplastic engineering polymer that is used as an insulator in the electrical and electronics industries. It is a thermoplastic crystalline polymer and a type of polyester.
  • It is used for housings in electrical engineering but also in automotive construction as plug connectors and in households. It is also found processed into fibers in toothbrushes, false eyelashes and is also used in keycaps of some computer keyboards.

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

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of the Terephthalic Acid Market

– Changes in industry market dynamics

– Detailed market segmentation by type, application, etc.

– Historical, current and projected market size in terms of quantity and value

– Recent industry trends and developments

– Competition situation of Terephthalic Acid Market

– Key companies and product strategies

– Potential niche segment/region showing promising growth.

Finally, the Terephthalic Acid Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

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About Us:Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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