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 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 are increasingly adopted by the textile industry, owing to their recyclability, versatility, and affordability compared to other fibers.
Rising Demand from the 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).
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Table of Content
- Product Overview
- Research Methodology
- Impact of COVID-19 on India Purified Terephthalic Acid (PTA) Market
- Global Purified Terephthalic Acid (PTA) Demand Overview
- 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
- 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)
- Pricing Analysis
7.1. By Source
- Market Dynamics
8.1. Drivers
8.2. Challenges
- Market Trends & Developments
- Policy & Regulatory Landscape
- CompetitiveLandscape
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
- Strategic Recommendations