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- How is wool made?
- What is carbonizing process of wool?
- What is grading of wool?
- What is scouring of wool?
- What is the shearing process of wool?
- What is the value of pure wool in the global market?
- What is the value of worsted wool yarn in the global market?
- What is worsted wool?
- Where is wool produced in the world?
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- How is cotton made?
- What are the properties of cotton?
- What is carding process?
- What is combing?
- What is cotton ginning and its types?
- What is the chemical composition of cotton?
- What is the value of cotton in the global market?
- Where is cotton produced in the world?
- Why is organic cotton expensive?
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- How is nylon made?
- What are nylon chips or polyamide chips?
- What are the properties of nylon?
- What is benzene?
- What is caprolactam (CPL)?
- What is NFY?
- What is the chemical composition of nylon?
- What is the value of nylon fiber in the global market?
- Where is nylon produced in the world?
- Who are the global caprolactam producers?
- Who are the major global producers of benzene?
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- How is polyester made?
- What are polyester chips?
- What are the end uses and countries producing PSF (polyester staple fiber)?
- What are the end-uses of polyester chips?
- What are the properties of polyester?
- What are the uses of paraxylene?
- What is MEG and who are its producers?
- What is paraxylene and its properties?
- What is polyester staple fiber (PSF)?
- What is Purified Terephthalic Acid (PTA)?
- What is the chemical composition of polyester?
- Where is polyester produced in the world?
- Who are the global paraxylene producing countries?
- Who are the global producers of Purified Terephthalic Acid?
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- How is acrylic made?
- What are the properties of acrylic?
- What is acrylonitrile?
- What is ASF?
- What is propylene?
- What is the chemical composition of acrylic?
- What is the global market of acrylonitrile and who are its producers?
- What is the global market of propylene and who are its producers?
- Where is acrylic produced in the world?
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Who are the global producers of Purified Terephthalic Acid?
The level of production of PTA saw a continuous increase because of its rising demand. There were a lot of factors that influenced this demand such as growing industrialization, increased demand in food and beverage industries, textile industries, packaging industries, construction sectors; and the paint and coating market.
The global production of Purified Terephthalic Acid (PTA) is more than 61.2 million tons. In recent years there has been a significant increase in the production of PTA in Asia-Pacific regions. Among the Asian regions, India and China are the main production and consumption regions of PTA. This is because of the large number of industries manufacturing polyester fiber, construction materials, electronic items, packaging materials, etc. Asia Pacific region is itself contributing to more than 51.06 million tons to the global production of PTA.
There has been a lot of competition in the global production market for PTA. A few of the global production leaders of PTA are Yisheng, Heng Li, Reliance Industries Ltd, Indorama and BP. These companies produce around 7 billion tons to 13.2 billion tons of PTA annually.
Talking about the market shares China alone holds the largest share of around 57%. This is mainly due to growing demand from industries like construction, textile, beverages & packaging, etc. Excluding China, Asia holds around 20% of the global market share of PTA mainly in countries like India and Singapore. Other regions include North America, Europe, and Middle East Africa depending on the Packing industries and industries manufacturing PET bottles.