Skip to main content

Dimethyl Terephthalate Market- Trend Analysis and Applications to 2030

 Dimethyl Terephthalate:  Introduction

·         Dimethyl terephthalate is the primary monomer used in the manufacture of polyethylene terephthalate and polybutylene terephthalate polymers. It possesses properties such as low reaction temperature, high purity, excellent thermal resistance, and high additive dispersion. Thus, dimethyl terephthalate is an ideal material in the manufacture of terephthalate-based polymers. Additionally, dimethyl terephthalate is often used in the manufacture of industrial plastics. It is also employed as an intermediate in the manufacture of herbicides, paints, inks, and adhesives.

·         Dimethyl terephthalate is commonly produced by oxidation and esterification of paraxylene. Methanol, another raw material, is also used in the manufacture of dimethyl terephthalate.

Key Drivers of Dimethyl Terephthalate Market

·         Increase in demand for bottled water and ready-to-eat food products have boosted the production of plastics such as films and bottles. Polyethylene terephthalate possesses attributes such as high clarity, low permeability, excellent printability, and recyclability. Therefore, it is increasingly used in the formulation of flexible packaging films, beverage bottles, etc. This is expected to drive the demand for dimethyl terephthalate in the production of polyethylene terephthalate.

·         Growth in population and increase in demand for raw materials such as minerals, fossil fuels, and biomass have adversely affected the environment, primarily the biodiversity. Furthermore, changes in the Earth’s climatic condition has led to an increase in emission levels of carbon dioxide across the globe. These factors have created an imbalance in the ecosystem, thereby giving rise to a move toward eco-friendly products. This has led to an increase in research and development for the manufacture of biomass-based dimethyl terephthalate.

Request Sample

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=78784

Impact of COVID-19 on Global Dimethyl Terephthalate Market

·         The dimethyl terephthalate market is directly linked with the consumption of polyethylene terephthalate and polybutylene terephthalate. These are the major shareholders of global consumption of dimethyl terephthalate. The spread of the coronavirus disease across the globe led to closure of manufacturing sites of polyethylene terephthalate in the first quarter of 2020. Additionally, acceleration in U.S.-China trade war as well as increasing delay in procurement of raw materials such as methanol and dimethyl terephthalate are likely to adversely affect the global demand for polyethylene terephthalate. This, in turn, is estimated to adversely affect the global dimethyl terephthalate market in the near future.

·         Indorama Ventures Public Company Limited is using polyethylene terephthalate bottles for the manufacture of personal protective equipment (PPE) suits in order to combat the widespread of the COVID-19 pandemic. This is driving the demand for dimethyl terephthalate during the pandemic.

More Trending Reports

https://www.prnewswire.com/news-releases/high-purity-alumina-market-increased-product-use-across-electronics-industry-likely-to-boost-sales-says-tmr-301327894.html

Asia Pacific to Hold Major Share of Global Dimethyl Terephthalate Market

·         In terms of region, the global dimethyl terephthalate market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         Asia Pacific is a leading consumer of dimethyl terephthalate. High share of the region can be ascribed to growth in population and rise in disposable income of the people in the region. Furthermore, rapid urbanization and fast-paced lifestyles are likely to boost the consumption of ready-to-eat foods in the near future. These factors are expected to drive the production as well as consumption of films, juice bottles, and bottled water made of polyethylene terephthalate. Increase in consumption of polyethylene terephthalate across the region is anticipated to boost the production of dimethyl terephthalate, due to its excellent adhesion ability and purity.

·         Manufacturers of dimethyl terephthalate based in North America are engaged in increasing the purity of their existing product lines through extensive research & developments and technological advancements

·         Rise in import of dimethyl terephthalate in Latin America and Middle East & Africa due to its excellent thermal resistance, high purity, and high additive dispersion ability is estimated to boost the demand for dimethyl terephthalate in these regions

Buy Now

https://www.transparencymarketresearch.com/checkout.php?rep_id=78784&ltype=S

Key Players Operating in Market

The global dimethyl terephthalate market is highly concentrated, with leading producers accounting for major share. Key players operating in the global dimethyl terephthalate market include:

·         SASA Polyester Sanayi A.?.

·         SK Chemicals co. ltd

·         Eastman Chemical Company

·         Fiber Intermediate Products Co.

·         JSC Mogilevkhimvolokno

Comments

Post a Comment

Popular posts from this blog

Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

  Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...
Post a Comment
Read more

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

  The  global wood coatings market  features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...
Post a Comment
Read more

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

  TMR projects the  global anthocyanin market  to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...
Post a Comment
Read more