Reports and Data estimates the global Dimethyl Terephthalate competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Dimethyl Terephthalate during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include SK Innovation Co. Ltd., Artenius Turkpet, Cepsa Quimica, AB Enterprises, Eastman Chemical Company, Teijin Ltd., Oxxynova GmbH, Sinopec Limited, SASA, Bongaigaon Refinery & Petrochemicals Ltd., and Petrocel SA, among others.
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Dimethyl Terephthalate Overview :-
The Dimethyl Terephthalate market is projected to grow at a rate of 4.20% in terms of value, from 2020 to reach USD 1,185.9 Million by 2028. The growth of the Dimethyl Terephthalate market is primarily owing to the increasing application of this organic compound, especially in the production of polyethylene terephthalate.
The market in the Asia Pacific region dominated the market in 2018. The market dominance of the APAC region is attributed to the increasing industrialization, strong economic growth, and growing investment activities in developing countries, including India, and China, among others. Also, the rising demand from the end-user industries like the automotive, food & beverage, electrical & electronics, and pharmaceutical industry is driving the market growth in the region. Approximately all Dimethyl Terephthalate produced across the globe is consumed in the production of polyethylene terephthalate (PET). PET plastics are the most preferred materials in the packaging industry. It is extensively deployed for packaging of various food and beverage products owing to its lightweight, durable, impact-resistant, and hygienic properties, as well as it maintains the freshness of the products. It is predominantly consumed in the packaging of drinking water and carbonated soft drinks, and hence a significant share of PET resins is utilized in the production of PET bottles. This plastic is considered an exceptional barrier material that prevents the transfer of chemicals, making it most appropriate for the food & beverage and cosmetics industry. Additionally, these bottles find extensive usage in various consumable products, including detergents, alcoholic beverages, medicines, and personal care products & cosmetics.
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For the purpose of this report Reports and Data has segmented global Dimethyl Terephthalate market on the basis of type, application, and region:
Product Type Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Solid Dimethyl Terephthalate
- Liquid Dimethyl Terephthalate
Application Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Polyethylene Terephthalate (PET)
- Polybutylene Terephthalate (PBT)
- Others
Distribution Channel Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Direct Sales
- Indirect Sales
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Dimethyl Terephthalate during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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