New York, NY -- (SBWIRE) -- 02/04/2021 -- Analysis of the Terephthalic Acid Market

The Terephthalic Acid Market report by Reports and Data provides an extensive overview of the vital elements of the Terephthalic Acid market and factors such as the drivers, restraints, latest trends, supervisory scenario, competitive landscape, technological advancements, and others. An in-depth analysis of these factors is described to understand the future growth prospects of the global Terephthalic Acid market.

Developments in the chemical materials market have altered the way versatile products are manufactured and used in different industries. Terephthalic acid is the raw material used to produce plastics that deliver high performance, developed by the Amoco, Henkel, or multistage oxidation process by chemical synthesis of crude oil. It is widely used to make polyester fibers and coating resins applied to coils, automotive, daily use appliances, and metal objects.

This is the latest report, covering the current COVID-19 scenario. The Coronavirus pandemic has greatly affected every industry worldwide. It has brought along various changes in market conditions. The rapidly changing market scenario and the initial and future assessment of the impact are covered in the research report. The report discusses all the major aspects of the market with expert opinions on the current status along with a historical analysis.

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Market competitive Insights of Terephthalic Acid Market
The report also emphasizes the initiatives undertaken by the companies operating in the market including product innovation, product launches, and technological development to help their organization offer more effective products in the market. It also studies notable business events, including corporate deals, mergers and acquisitions, joint ventures, partnerships, product launches, and brand promotions.

Leading Terephthalic Acid manufacturers/companies operating at both regional and global levels:
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.

The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios.

Segmentations, Sub Segmentations, CAGR, & High-Level Analysis overview of the Global Terephthalic Acid Market Research Report

This research report forecasts the revenue growth of the Terephthalic Acid market at global, regional, and country levels and delivers a detailed analysis of industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, the market research report has segmented the global Terephthalic Acid market report on the basis of type, application, and region.

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The segmentation included in the report is beneficial for readers to capitalize on the selection of appropriate segments for the Terephthalic Acid sector and can help companies in deciphering the optimum business move to reach their desired business goals.

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

Market Drivers
The varied applications of terephthalic acid in the manufacturing industry make it the most demanded chemical raw material in comparison to the conventional dimethyl terephthalate that is reasonably expensive. Extensive use in the packaging industry in the form of polyethylene terephthalate (PET) for storing food and beverage is gaining popularity among consumers due to its durability, reduced weight, and ability to maintain the nutritional value of the eatable stored inside. Terephthalic acid does not allow harmful bacteria to degrade the beverage and maintains freshness, enabling companies to use it as plastics for water bottles and soft drinks. Advancements in the textile industry for making polyester fibers and yarn are projected to provide colossal propulsion owing to huge demand among local people.

Regional Analysis
The Asia Pacific market held the largest revenue share in 2019 and is anticipated to show constant growth with increasing population and demand for packaged food products. The upsurge in the use of terephthalic acid in the cosmetics and clothing industries of China will be an active contributor towards further growth. Europe will be the second-largest consumer growing at a CAGR of 4.9%, while the North American market will register a CAGR of 4.7%.

Regional Insights of Terephthalic Acid Market
The regional landscape section in the marker report provides a deep understanding of the regulatory framework, the latest market trends, growth opportunities, and restraints faced by the key market players in each regional market.

Geographically, this report studies the top producers and consumers in these key regions:
North America
Europe
China
Japan
Southeast Asia
India

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Manufacturing Analysis of the Terephthalic Acid Market
The report dedicates a section to inspect the manufacturing process of Terephthalic Acids. It includes a detailed analysis of the key feedstock required, cost and suppliers of the feedstock, cost analysis, pricing volatility, labor cost, and manufacturing process analysis of the Terephthalic Acid market.

Marketing Strategy Analysis, Distributor Analysis of the Terephthalic Acid Market
Different marketing channels comprising of both direct and indirect channels have been assessed in detail in the Terephthalic Acid market report. Crucial data pertaining to the marketing strategies adopted by companies, marketing channels, growth trends, pricing strategy, market standing, targeted consumers, and the distributors and traders operating in the market have also been included in the assessment.

Key Coverage of report:
Impact of the latest technological innovations on the Terephthalic Acid market
Key growth strategies adopted by the prominent market players to address the challenges and restraints put forward by the COVID-19 pandemic
Historical and current trends likely to affect the overall market dynamics of the Terephthalic Acid market
Growth assessment of the various market segments over the forecast timeline
Regional and global presence of major market players in the Terephthalic Acid market

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To summarize, the global Terephthalic Acid market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.

Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027

Chapter 3. Indicative Metrics

Chapter 4. Terephthalic Acid Market Segmentation & Impact Analysis
4.1. Terephthalic Acid Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand from polyester fibers
4.2.2.2. Growing application of PET
4.2.3. Market restraints analysis
4.2.3.1. Fluctuations in the price of paraxylene
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis

Chapter 5. Terephthalic Acid Market, By Manufacturing Process Insights & Trends
5.1. Manufacturing Process Dynamics & Market Share, 2019 & 2027
5.2. Amoco Process
5.2.1. Market estimates and forecast, 2016 – 2027 (USD Billion) (Kilo Tons)
5.2.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Billion) (Kilo Tons)
5.3. Cooxidation
5.3.1. Market estimates and forecast, 2016 – 2027 (USD Billion) (Kilo Tons)
5.3.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Billion) (Kilo Tons)
5.4. Multistage Oxidation
5.4.1. Market estimates and forecast, 2016 – 2027 (USD Billion) (Kilo Tons)
5.4.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Billion) (Kilo Tons)
5.5. Henkel Process
5.5.1. Market estimates and forecast, 2016 – 2027 (USD Billion) (Kilo Tons)
5.5.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Billion) (Kilo Tons)

Chapter 6. Terephthalic Acid Market, By Derivative Insights & Trends

Continued....

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