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Related Keywords: coming years with the growing demand, end-user industries include textile, for polyester, home furnishing, majorly used to manufacture polyester fiber, market for purified terephthalic, PTA, specifically in China. PTA a chemical, synthesized from crude oil, witness noticeable expansion

The market for purified terephthalic (PTA) is likely to witness noticeable expansion in the coming years with the growing demand for polyester, specifically in China. Purified terephthalic acid (PTA) is a chemical which is synthesized from crude oil and majorly used to manufacture polyester fiber.

Several growth factors such as growing per capita consumption in emerging regions such as China and significant growth of the textile industry is expected to boost the demand for the PTA market.

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.