India Terephthalic Acid Market (2025-2031) Outlook | Companies, Analysis, Revenue, Forecast, Trends, Size, Value, Industry, Growth & Share

India Terephthalic Acid Market Import Shipment Trend (2020-2024)

The India terephthalic acid market import shipments experienced remarkable growth with a CAGR of 66.0% from 2020 to 2024. The growth rate between 2023 and 2024 accelerated by 22.7%, indicating a rapid expansion trend during this period. The market showed strong momentum and significant overall growth over the years.

India Terephthalic Acid Market Synopsis

The India terephthalic acid (PTA) market is currently estimated to be around US$ 4 billion and it is expected to reach US$ 4.10 billion by 2025growing at a CAGR of 8.3%. India imported PTA worth US$ 1.5 billion in 2025 with China being the largest supplier of PTA. The demand for PTA has been increasing due to its use in various industries such as packaging, automotive and construction & infrastructure sectors.

Market Drivers of the market

The India terephthalic acid market is experiencing significant growth due to its widespread applications in various industries. Terephthalic acid is a key raw material in the production of polyethylene terephthalate (PET) resin, which is extensively used in the manufacturing of polyester fibers, films, and packaging materials. The increasing demand for PET bottles in the beverage and packaging industries is a major driver for the growth of the terephthalic acid market in India. Additionally, the booming textile and automotive sectors are further contributing to the surge in demand for polyester fibers, thereby fueling the market`s expansion.

Challenges of the Market

The India terephthalic acid market faces certain challenges despite its overall growth prospects. One of the key challenges is the volatility of raw material prices. Terephthalic acid is primarily derived from petroleum-based feedstocks, and fluctuations in crude oil prices can impact the production costs, which may affect the final product`s pricing and profitability. Additionally, environmental concerns related to the production of terephthalic acid and PET products are increasing, leading to stricter regulations and the need for sustainable manufacturing practices. Balancing economic viability with environmental sustainability remains a significant challenge for the terephthalic acid market in India.

Covid-19 Impact on the Market

The India terephthalic acid market experienced significant disruptions due to the COVID-19 pandemic. The nationwide lockdowns and restrictions imposed to curb the spread of the virus led to a temporary halt in industrial activities and disrupted supply chains. With several industries, including textiles, packaging, and automotive, facing reduced demand during the pandemic, the terephthalic acid market also witnessed a downturn. However, as the economy gradually reopened and demand started to rebound, the market showed signs of recovery. The resumption of manufacturing activities and the growing demand for PET bottles and packaging materials in the post-pandemic phase contributed to the market`s resurgence. Additionally, the emphasis on sustainability and eco-friendly practices in the wake of the pandemic led to increased demand for PET-based products, further driving the growth of the terephthalic acid market in India.

Key Players of the Market

Some of the key players in the India terephthalic acid market include Reliance Industries Limited, India Oil Corporation Limited, Tamilnadu Petroproducts Limited, and JBF Industries Limited. These companies are major players in the production of terephthalic acid and its derivatives, supplying to various industries like textiles, packaging, and automotive.

Key Highlights of the Report:

• India Terephthalic Acid Market Outlook
• Market Size of India Terephthalic Acid Market, 2024
• Forecast of India Terephthalic Acid Market, 2031
• Historical Data and Forecast of India Terephthalic Acid Revenues & Volume for the Period 2021-2031
• India Terephthalic Acid Market Trend Evolution
• India Terephthalic Acid Market Drivers and Challenges
• India Terephthalic Acid Price Trends
• India Terephthalic Acid Porter's Five Forces
• India Terephthalic Acid Industry Life Cycle
• Historical Data and Forecast of India Terephthalic Acid Market Revenues & Volume By Types for the Period 2021-2031
• Historical Data and Forecast of India Terephthalic Acid Market Revenues & Volume By Amoco Process for the Period 2021-2031
• Historical Data and Forecast of India Terephthalic Acid Market Revenues & Volume By Cooxidation for the Period 2021-2031
• Historical Data and Forecast of India Terephthalic Acid Market Revenues & Volume By Multistage Oxidation for the Period 2021-2031
• Historical Data and Forecast of India Terephthalic Acid Market Revenues & Volume By Henkel Process for the Period 2021-2031
• Historical Data and Forecast of India Terephthalic Acid Market Revenues & Volume By Applications for the Period 2021-2031
• Historical Data and Forecast of India Terephthalic Acid Market Revenues & Volume By Cyclohexanedimethanol Production for the Period 2021-2031
• Historical Data and Forecast of India Terephthalic Acid Market Revenues & Volume By Plasticisers for the Period 2021-2031
• Historical Data and Forecast of India Terephthalic Acid Market Revenues & Volume By Liquid Crystal Polymers for the Period 2021-2031
• Historical Data and Forecast of India Terephthalic Acid Market Revenues & Volume By Textiles for the Period 2021-2031
• Historical Data and Forecast of India Terephthalic Acid Market Revenues & Volume By Bottling And Packaging for the Period 2021-2031
• India Terephthalic Acid Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Applications
• India Terephthalic Acid Top Companies Market Share
• India Terephthalic Acid Competitive Benchmarking By Technical and Operational Parameters
• India Terephthalic Acid Company Profiles
• India Terephthalic Acid Key Strategic Recommendations