The global dimethyl terephthalate market is expected to be valued at USD 1.14 Billion in 2027 from USD 771.0 Million in 2018, registering a CAGR of 4.3% through the forecast period. Dimethyl terephthalate (DMT) is a primary component used in the production of polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) for various films, plastic containers, and specialty plastics. It is extensively used in industrial plastics production and is often used as an intermediate in the production of paints, varnishes, inks, adhesives, and herbicides. Dimethyl terephthalate is produced through the esterification and oxidation of paraxylene, and it uses methanol as the primary raw material during production. The most significant properties of DMT are high purity, robust thermal resistance, high additive dispersion, and low reaction temperature.
The global dimethyl terephthalate market is expected to register a substantially high CAGR over the projected period, owing to several growth-inducing factors. The increasing applications of polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) to manufacture plastic products, such as bottles, and containers, significantly propel the global market growth. Dimethyl terephthalate is extensively used to produce esters, polyester resins, polyester polyols, anhydrides, insect repellents, and dyes & pigments. It is also utilized in the manufacture of thermoplastics, such as X-ray and video films.
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The widespread usage of PET plastics in the packaging industry is an indispensable factor fueling the growth of the global dimethyl terephthalate market. Therefore, the extensive usage of PET in food & beverage packaging due to its lightweight, high impact-resistance, durability, and hygienic properties further bolsters the market growth. Moreover, PET is widely used in the durable packaging of products such as alcoholic beverages, pharmaceutical drugs, and various cosmetic and personal care products. However, the rising adoption of more eco-friendly and cost-effective alternatives, such as PTA (Purified Terephthalic Acid), poses a significant challenge to the market growth in the future.
Key findings of the report:
- Of the various product types, the solid dimethyl terephthalate sub-segment accounts for the global dimethyl terephthalate market’s largest revenue share. On the other hand, the polyethylene terephthalate (PET) application sub-segment is projected to hold the largest market share over the forecast period, registering a CAGR of 3.6%. Polyethylene terephthalate (PET) is the most extensively used thermoplastic. It is most widely used for the packaging of commonly used consumer products like bottles and containers. Moreover, it is used in the textiles industry for the manufacture of highly flexible and durable fabrics.
- Among the key regional markets, the dimethyl terephthalate market in the Asia Pacific region emerged as the leading regional market in 2019 and is projected to register the fastest CAGR of 4.9% over the forecast period. Fast-paced industrialization, rising PET applications in the packaging of food & beverage and consumer electronic products, the region’s growing industrial output, and extensive usage of PET in the pharmaceutical industry are the pivotal factors leading to the market growth in this region. The emerging economies of India and China act as the key contributors to the regional market growth.
- Established companies operating in the global dimethyl terephthalate market include Eastman Chemical Company, Cepsa Quimica, Artenius Turkpet, Sinopec Limited, SK Innovation Co. Ltd., AB Enterprises, Teijin Ltd., Oxxynova GmbH, Petrocel SA, SASA, and Bongaigaon Refinery & Petrochemicals Ltd.
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For the purpose of this report, the global dimethyl terephthalate market has been segmented on the basis of product type, application, distribution channel, and region:
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Solid Dimethyl Terephthalate
- Liquid Dimethyl Terephthalate
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Polyethylene Terephthalate (PET)
- Polybutylene Terephthalate (PBT)
- Others
Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Direct Sales
- Indirect Sales
Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table Of Content
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Market Segmentation & Impact Analysis
Continued……….
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