PTA

Hengli Petrochemical Announce Start-Up of Its 4th PTA Line Utilizing INVISTA’s P8 PTA Technology

Wednesday, January 22, 2020 - 7:30am

INVISTAs technology and licensing group, INVISTA Performance Technologies (IPT) and Hengli Petrochemical (Dalian) Co., Ltd (Hengli) announce the successful start-up of Henglis fourth purified terephthalic acid (PTA) line.

Key Points: 
  • INVISTAs technology and licensing group, INVISTA Performance Technologies (IPT) and Hengli Petrochemical (Dalian) Co., Ltd (Hengli) announce the successful start-up of Henglis fourth purified terephthalic acid (PTA) line.
  • A fifth PTA line, identical to the fourth PTA line, is currently under construction and is expected to start-up around the middle of 2020.
  • Hengli also operates another 3 PTA lines on the same site, each with a capacity of 2.2 million tonnes per annum, using INVISTAs P7 PTA technology.
  • INVISTAs industry-leading PTA technology, including its latest version of P8 technology, is available as a license package from IPT.

Pan-Asia to Utilize INVISTA’s Latest P8 Technology for New PTA Line

Tuesday, March 12, 2019 - 3:50am

INVISTAs technology and licensing group, INVISTA Performance Technologies (IPT), and Pan-Asia PET Resin (Guangzhou) Co., Ltd have reached agreement for the licensing of INVISTAs latest purified terephthalic acid (PTA) process technology.

Key Points: 
  • INVISTAs technology and licensing group, INVISTA Performance Technologies (IPT), and Pan-Asia PET Resin (Guangzhou) Co., Ltd have reached agreement for the licensing of INVISTAs latest purified terephthalic acid (PTA) process technology.
  • View the full release here: https://www.businesswire.com/news/home/20190311005964/en/
    INVISTA and Pan-Asia PTA Technology License Agreement Signing Ceremony (Photo: Business Wire)
    Pan-Asia will utilize INVISTAs P8 PTA technology at a scale of 1.25 million metric tonnes per year.
  • Mike Pickens, IPT president, commented, Im glad that our industry-leading P8 technology has been selected by Pan-Asia in their strategic foreign investment.
  • INVISTAs latest industry-leading PTA technology is available as a licence package from INVISTA Performance Technologies.

India: Purified Terephthalic Acid Market Analysis 2013-2018 and Forecast to 2025 - ResearchAndMarkets.com

Monday, January 21, 2019 - 12:20pm

The "India Purified Terephthalic Acid Market By Type (PET Fiber & Yarn Grade, PET Bottle Grade & PET Film Grade), By Application (Textile (Polyester Fiber & Yarn Production), Bottle Packaging & Others), Competition Forecast & Opportunities, 2013-2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "India Purified Terephthalic Acid Market By Type (PET Fiber & Yarn Grade, PET Bottle Grade & PET Film Grade), By Application (Textile (Polyester Fiber & Yarn Production), Bottle Packaging & Others), Competition Forecast & Opportunities, 2013-2025" report has been added to ResearchAndMarkets.com's offering.
  • According to the report, the Purified Terephthalic Acid (PTA) market is projected to reach $ 7.4 billion by 2025, backed by increasing demand from textile and PET bottle manufacturing industries.
  • Increasing demand for PET film chips from the packaging industry (food & beverages), in addition to demand for PET bottles for medicinal syrup packaging from the pharmaceutical industry, is expected to positively influence the country's purified terephthalic acid market during the forecast period.
  • The report discusses the following aspects of Purified Terephthalic Acid market in India:
    Purified Terephthalic Acid Market Size, Share & Forecast
    Segmental Analysis - By Type (PET Fiber & Yarn Grade, PET Bottle Grade & PET Film Grade), By Application (Textile (Polyester Fiber & Yarn Production), Bottle Packaging & Others)

Global Paraxylene Market 2012-2018 & Forecast to 2022 - Market is Expected to Reach USD 66.9 Billion, Expanding at a CAGR of 10.5%

Tuesday, November 6, 2018 - 3:15pm

The global paraxylene market size is expected to reach USD 66.9 billion by 2022, it is expected to expand at a CAGR of 10.5% over the forecast period.

Key Points: 
  • The global paraxylene market size is expected to reach USD 66.9 billion by 2022, it is expected to expand at a CAGR of 10.5% over the forecast period.
  • Rising demand for fiber and polyester resin from numerous end-use industries is projected to propel product demand over the coming years.
  • Surging demand for purified terephthalic acid (PTA) in polyester production process is projected to provide fillip to the paraxylene market.
  • Asia Pacific emerged as the largest region for the global paraxylene market with a share of more than 79% in 2014.

Paraxylene Market Size Worth $66.9 Billion by 2022 | CAGR 10.5%: Grand View Research, Inc.

Monday, September 17, 2018 - 10:10am

The global paraxylene market size is expected to reach USD 66.9 billion by 2022, according to a new report by Grand View Research, Inc.

Key Points: 
  • The global paraxylene market size is expected to reach USD 66.9 billion by 2022, according to a new report by Grand View Research, Inc.
  • Surging demand for purified terephthalic acid (PTA) in polyester production process is projected to provide fillip to the paraxylene market.
  • Exterior Architectural Coating Market - The global exterior architectural coating market size was USD 22.54 billion in 2015.
  • Grand View Research has segmented the global paraxylene market report on the basis of application and region:

The global paraxylene market size is expected to reach USD 66.9 billion by 2022

Monday, August 27, 2018 - 2:54pm

LONDON, August 27, 2018 /PRNewswire/ -- Paraxylene Market Size, Share & Trends Analysis Report By Application (Dimethyl Terephthalate, Purified Terephthalic Acid), By Region (North America, APAC, Europe, MEA, CSA), And Segment Forecasts, 2012 - 2022

Key Points: 
  • LONDON, August 27, 2018 /PRNewswire/ -- Paraxylene Market Size, Share & Trends Analysis Report By Application (Dimethyl Terephthalate, Purified Terephthalic Acid), By Region (North America, APAC, Europe, MEA, CSA), And Segment Forecasts, 2012 - 2022
    The global paraxylene market size is expected to reach USD 66.9 billion by 2022, according to a new report by Grand View Research, Inc.
  • Rising demand for fiber and polyester resin from numerous end-use industries is projected to propel product demand over the coming years.
  • Rapid growth in demand for polyester fabric is acting as a major market driver.Surging demand for purified terephthalic acid (PTA) in polyester production process is projected to provide fillip to the paraxylene market.
  • Asia Pacific emerged as the largest region for the global paraxylene market with a share of more than 79% in 2014.

The Global Purified Terephthalic Acid (PTA) Market is accounted for $43.25 billion in 2017 and is expected to reach $73.85 billion by 2026 growing at a CAGR of 6.1% during the forecast period

Thursday, July 19, 2018 - 4:28pm

LONDON, July 19, 2018 /PRNewswire/ -- According to Stratistics MRC, the Global Purified Terephthalic Acid (PTA) Market is accounted for $43.25 billion in 2017 and is expected to reach $73.85 billion by 2026 growing at a CAGR of 6.1% during the forecast period.

Key Points: 
  • LONDON, July 19, 2018 /PRNewswire/ -- According to Stratistics MRC, the Global Purified Terephthalic Acid (PTA) Market is accounted for $43.25 billion in 2017 and is expected to reach $73.85 billion by 2026 growing at a CAGR of 6.1% during the forecast period.
  • However, factors such as volatility in crude oil prices and implementation of strict regulations by various government bodies are restricting the market.
  • In addition, technological advancements to increase output and reduce cost will create new growth opportunities over the forecast period.
  • Purified Terephthalic Acid (PTA) is used to produce polyester coatings resins for use in the formulation of common metal, machine, automotive, manufacturing preservation, and coil coatings.

The Purified Terephthalic Acid (PTA) market is projected to grow at a CAGR of 5.1% from 2018 to 2023

Thursday, June 28, 2018 - 2:48pm

LONDON, June 28, 2018 /PRNewswire/ -- The Purified Terephthalic Acid (PTA) market is projected to grow at a CAGR of 5.1% from 2018 to 2023.

Key Points: 
  • LONDON, June 28, 2018 /PRNewswire/ -- The Purified Terephthalic Acid (PTA) market is projected to grow at a CAGR of 5.1% from 2018 to 2023.
  • The purified terephthalic acid market is estimated to be USD 48.14 billion in 2018 and is projected to reach USD 61.78 billion by 2023, at a CAGR of 5.1% from 2018 to 2023.
  • The polyester segment is expected to be the fastest-growing application segment of the purified terephthalic acid market during the forecast period.
  • Asia Pacific is estimated to account for the largest share of the purified terephthalic acid market in 2018.

Global Purified Terephthalic Acid (PTA) Market to 2023

Friday, June 15, 2018 - 8:00pm

The Purified Terephthalic Acid (PTA) market is projected to grow from USD 48.14 Billion in 2018 to USD 61.78 Billion by 2023, at a CAGR of 5.1% during the forecast period.

Key Points: 
  • The Purified Terephthalic Acid (PTA) market is projected to grow from USD 48.14 Billion in 2018 to USD 61.78 Billion by 2023, at a CAGR of 5.1% during the forecast period.
  • The purified terephthalic acid market has been segmented on the basis of application and region.
  • The polyester application segment is estimated to account for the largest share of the purified terephthalic acid market in 2018.
  • The rise in consumption of PET material bottles and the increase in demand for purified terephthalic acid from the packaging industry are key factors driving the growth of the Asia Pacific purified terephthalic acid market.

Purified Terephthalic Acid (PTA) Market Worth 61.78 Billion USD by 2023

Monday, June 11, 2018 - 10:30am

The report "Purified Terephthalic Acid (PTA) Market by Application (Polyester, Polybutylene Terephthalate, Plasticizers), and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2023", published by MarketsandMarkets, the Purified Terephthalic Acid Market is estimated to be USD 48.14 Billion in 2018 and is projected to reach USD 61.78 Billion by 2023, at a CAGR of 5.1% from 2018 to 2023.

Key Points: 
  • The report "Purified Terephthalic Acid (PTA) Market by Application (Polyester, Polybutylene Terephthalate, Plasticizers), and Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) - Global Forecast to 2023", published by MarketsandMarkets, the Purified Terephthalic Acid Market is estimated to be USD 48.14 Billion in 2018 and is projected to reach USD 61.78 Billion by 2023, at a CAGR of 5.1% from 2018 to 2023.
  • The growth of the Purified Terephthalic Acid Market is primarily driven by the rising demand for purified terephthalic acid from the textile and packaging industries and ongoing urbanization as well as shifting consumer lifestyle in the Asia Pacific region.
  • Based on application, the polyester segment is estimated to account for the largest share of the Purified Terephthalic Acid Market in 2018.
  • Based on application, the polyester segment is estimated to account for the largest share of the Purified Terephthalic Acid Market in 2018.