Product Code: ETC349407 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Singapore Terephthalic Acid Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 3.58% in 2025, climbs to a high of 3.71% in 2026, and moderates to 2.07% by 2029.
In the Asia region, the Terephthalic Acid market in Singapore is projected to expand at a stable growth rate of 3.62% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
Terephthalic acid is a key chemical used in the production of polyester fibers and plastics. The market for terephthalic acid in Singapore is closely tied to its industrial and manufacturing sectors, particularly in textiles and plastics. As these industries continue to evolve and demand specialized chemicals, the market for terephthalic acid is expected to grow.
The Singapore terephthalic acid market is set to grow as it supports the polyester and textile industries. Terephthalic acid is a key raw material used in the production of polyester fibers and resins. As these industries seek sustainable and high-performance materials, the demand for terephthalic acid in Singapore is likely to rise, driven by its pivotal role in the polyester value chain.
The Singapore terephthalic acid market encounters challenges related to feedstock availability, competition in the petrochemical industry, and sustainability concerns. Manufacturers should diversify feedstock sources, explore alternative production methods, and implement sustainability practices to remain competitive and eco-conscious.
The terephthalic acid market in Singapore experienced disruptions during the COVID-19 pandemic due to reduced demand in industries like textiles and packaging. However, as economic activities resumed, the market regained stability, with a growing emphasis on sustainability in polyester production.
Chemical companies like Indorama Ventures and Reliance Industries are key contributors to the Singapore terephthalic acid market. Terephthalic acid is a key raw material used in the production of polyester fibers and plastics.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Terephthalic Acid Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Terephthalic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Terephthalic Acid Market - Industry Life Cycle |
3.4 Singapore Terephthalic Acid Market - Porter's Five Forces |
3.5 Singapore Terephthalic Acid Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Singapore Terephthalic Acid Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Singapore Terephthalic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for polyethylene terephthalate (PET) packaging in various industries |
4.2.2 Increasing use of terephthalic acid in the textile industry for manufacturing polyester fibers |
4.2.3 Favorable government regulations promoting the use of bio-based terephthalic acid |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the production cost of terephthalic acid |
4.3.2 Intense competition from alternative materials in the packaging and textile industries |
5 Singapore Terephthalic Acid Market Trends |
6 Singapore Terephthalic Acid Market, By Types |
6.1 Singapore Terephthalic Acid Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Singapore Terephthalic Acid Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Singapore Terephthalic Acid Market Revenues & Volume, By Amoco Process, 2021-2031F |
6.1.4 Singapore Terephthalic Acid Market Revenues & Volume, By Cooxidation, 2021-2031F |
6.1.5 Singapore Terephthalic Acid Market Revenues & Volume, By Multistage Oxidation, 2021-2031F |
6.1.6 Singapore Terephthalic Acid Market Revenues & Volume, By Henkel Process, 2021-2031F |
6.2 Singapore Terephthalic Acid Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Singapore Terephthalic Acid Market Revenues & Volume, By Cyclohexanedimethanol Production, 2021-2031F |
6.2.3 Singapore Terephthalic Acid Market Revenues & Volume, By Plasticisers, 2021-2031F |
6.2.4 Singapore Terephthalic Acid Market Revenues & Volume, By Liquid Crystal Polymers, 2021-2031F |
6.2.5 Singapore Terephthalic Acid Market Revenues & Volume, By Textiles, 2021-2031F |
6.2.6 Singapore Terephthalic Acid Market Revenues & Volume, By Bottling And Packaging, 2021-2031F |
7 Singapore Terephthalic Acid Market Import-Export Trade Statistics |
7.1 Singapore Terephthalic Acid Market Export to Major Countries |
7.2 Singapore Terephthalic Acid Market Imports from Major Countries |
8 Singapore Terephthalic Acid Market Key Performance Indicators |
8.1 Research and development investment in sustainable terephthalic acid production processes |
8.2 Adoption rate of bio-based terephthalic acid in key end-user industries |
8.3 Percentage of market share held by Singapore terephthalic acid producers in the Southeast Asian region |
9 Singapore Terephthalic Acid Market - Opportunity Assessment |
9.1 Singapore Terephthalic Acid Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Singapore Terephthalic Acid Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Singapore Terephthalic Acid Market - Competitive Landscape |
10.1 Singapore Terephthalic Acid Market Revenue Share, By Companies, 2024 |
10.2 Singapore Terephthalic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |