Purified Terephthalic Acid Market Value, Trends [2028], Economy, Expansion, Leader
According to TechSci Research report, “ Purified Terephthalic Acid Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Purified Terephthalic Acid Market stood at USD 58.4 billion in 2022 and is anticipated to grow with a CAGR of 5.65% in the forecast period, 2024-2028. This can be attributed to urbanization and lifestyle changes. Urbanization and changing lifestyles contribute to increased consumption of polyester-based products. As urban populations grow, so does the demand for textiles and other goods made from PTA-derived materials. The adaptability of polyester to various applications, including clothing, home furnishings, and industrial uses, positions it as a preferred choice in today's dynamic market. Furthermore, the global PTA market is witnessing shifts in regional dynamics. Asia-Pacific continues to be a powerhouse, but other regions are gaining prominence. Market players are closely monit...