Related Keywords: Asia pacific, global textile manufacturing hub, Growing demand for polyester, largest consumer of PTA, market for purified terephthalic, see expansion in coming years, specifically in China
With the growing demand for polyester specifically in China, the market for purified terephthalic is likely to see expansion in the coming years. Furthermore, the country is emerging as a global textile manufacturing hub with low-cost labor further driving the growth of the purified terephthalic acid market. Polyethylene terephthalate which acts as a successor to PTA is also expected to make an impact on the PTA market in accordance to its end-user industries.
