India Purified Terephthalic Acid Market - Growth, Overview & Outlook
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 ...