Expanding Textile Industry to Fuel India Purified Terephthalic Acid Market through 2025
Growing
polyester fiber & yarn manufacturing industry coupled with increasing
demand for packaging from food & beverages industry to drive India purified terephthalic acid market
through
2025
According to TechSci Research report, “India Purified Terephthalic Acid Market By Type, By Application, Competition
Forecast & Opportunities, 2013 – 2025”, purified
terephthalic acid market in India is forecast to reach around $ 7.4 billion by 2025. PTA is used as a precursor in the
production of polyester, several high-performance multipurpose plastics such as
Polyethylene Terephthalate (PET) and Polybutyl Terephthalate (PBT). As polyester
market in the country is anticipated to register strong growth, demand for purified
terephthalic acid (PTA) is also expected to grow during the forecast period.
Moreover, growth in the market is anticipated to be driven by increasing demand
for PET Film Chips from packaging industry (food & beverages), rising demand
for PET bottles for medicinal syrup packaging from the pharmaceutical industry,
and strong demand for PET based paints and coatings, owing to excellent
properties such as waterproofing, high gloss and good finish rendered to the
end products.
Browse 35
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TOC on "India
Purified Terephthalic Acid Market"
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Growing textile market and increasing production of yarn with focus on
the development of technical textiles is anticipated to propel the demand for
PTA in India. Additionally, anti-dumping duties imposed by the Ministry of
Finance on the import of PTA from China, Iran, Taiwan, Indonesia and other
countries are expected to encourage the domestic production of PTA in coming
years. Moreover, India is the second largest textile exporter in the world and
the state government of Maharashtra is taking initiatives to establish around
nine textile parks, which is expected to positively push the country’s PTA market
during the forecast period.
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“West India is the
largest demand generating region for purified terephthalic acid
in the
country, owing to the presence of huge industrial base in Gujarat and
Maharashtra. The presence of large base of end use industries and proximity to
seaports for better trade opportunities are expected to aid the region’s
dominance in India PTA market. Most of the polyester based textile producing
companies such as Reliance Industries Ltd. are clustered in the western part of
India, primarily in Surat, Vapi and Ahmedabad in Gujarat, Union Territories of
Silvassa and Dadra & Nagar Haveli and Nagpur in Maharashtra.”,
said Mr. Karan
Chechi, Research Director with TechSci Research, a research based India
management consulting firm.
“India Purified Terephthalic
Acid Market By Type, By Application, Competition Forecast & Opportunities, 2013 – 2025” has evaluated the future growth potential of purified terephthalic acid
market in India and provides statistics and information on market size,
structure and trends. The report intends to provide cutting-edge market
intelligence and help decision makers to take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India purified terephthalic
acid market.About TechSci Research
TechSci Research is a leading
global market research firm publishing premium market research reports. Serving
700 global clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
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