Thailand Terephthalic Acid Market (2025-2031) Outlook | Companies, Size, Growth, Forecast, Value, Share, Industry, Revenue, Trends & Analysis
Market Forecast By Types (Amoco Process, Cooxidation, Multistage Oxidation, Henkel Process), By Applications (Cyclohexanedimethanol Production, Plasticisers, Liquid Crystal Polymers, Textiles, Bottling And Packaging) And Competitive Landscape
| Product Code: ETC349405 | 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 | |
Thailand Terephthalic Acid Market Size Growth Rate
The Thailand Terephthalic Acid Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 2.64% in 2025 and reaches 9.11% by 2029.
Terephthalic Acid Market: Thailand vs Top 5 Major Economies in 2027 (Asia)
The Terephthalic Acid market in Thailand is projected to grow at a stable growth rate of 3.64% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
Thailand Terephthalic Acid Market Synopsis
The Thailand terephthalic acid market is a crucial segment within the chemical and petrochemical industry. Terephthalic acid is a key raw material for the production of polyester fibers and plastics, making it integral to the textile and packaging sectors. The market is closely tied to the overall economic growth of the country, with fluctuations in demand influenced by the performance of these downstream industries. Sustainability concerns and the shift towards eco-friendly materials have prompted research into bio-based terephthalic acid production. The market players are also exploring recycling initiatives to address environmental issues related to plastic waste.
Drivers of the Market
The Thailand terephthalic acid market is experiencing robust growth, primarily driven by the burgeoning demand for polyester products in various industries such as textiles, packaging, and automotive. Terephthalic acid is a crucial raw material for the production of polyethylene terephthalate (PET) resin, which is widely used in the packaging industry for the manufacturing of bottles and containers. Additionally, the textile industry`s increasing reliance on polyester fibers further fuels the demand for terephthalic acid. Moreover, the growing awareness of environmental sustainability is promoting the use of PET in recyclable applications, boosting market growth.
Challenges of the Market
The terephthalic acid market faces challenges related to competition from international manufacturers and fluctuations in raw material prices. Price competition from global suppliers can affect the pricing strategy of local manufacturers. Additionally, securing a stable supply of raw materials at competitive prices is crucial for maintaining profitability.
COVID-19 Impact on the Market
The terephthalic acid market in Thailand faced challenges due to disruptions in the textile and polyester industries during the pandemic. Reduced consumer spending on clothing and textiles led to decreased demand. However, there is optimism for recovery as the economy reopens, and industries rebound. Sustainable and eco-friendly trends in textiles may also impact the use of terephthalic acid.
Key Players in the Market
Major players in the Thailand Terephthalic Acid market include Indorama Ventures Public Company Limited and The Bangkok Synthetics Company Limited.
Key Highlights of the Report:
- Thailand Terephthalic Acid Market Outlook
- Market Size of Thailand Terephthalic Acid Market, 2024
- Forecast of Thailand Terephthalic Acid Market, 2031
- Historical Data and Forecast of Thailand Terephthalic Acid Revenues & Volume for the Period 2021-2031
- Thailand Terephthalic Acid Market Trend Evolution
- Thailand Terephthalic Acid Market Drivers and Challenges
- Thailand Terephthalic Acid Price Trends
- Thailand Terephthalic Acid Porter's Five Forces
- Thailand Terephthalic Acid Industry Life Cycle
- Historical Data and Forecast of Thailand Terephthalic Acid Market Revenues & Volume By Types for the Period 2021-2031
- Historical Data and Forecast of Thailand Terephthalic Acid Market Revenues & Volume By Amoco Process for the Period 2021-2031
- Historical Data and Forecast of Thailand Terephthalic Acid Market Revenues & Volume By Cooxidation for the Period 2021-2031
- Historical Data and Forecast of Thailand Terephthalic Acid Market Revenues & Volume By Multistage Oxidation for the Period 2021-2031
- Historical Data and Forecast of Thailand Terephthalic Acid Market Revenues & Volume By Henkel Process for the Period 2021-2031
- Historical Data and Forecast of Thailand Terephthalic Acid Market Revenues & Volume By Applications for the Period 2021-2031
- Historical Data and Forecast of Thailand Terephthalic Acid Market Revenues & Volume By Cyclohexanedimethanol Production for the Period 2021-2031
- Historical Data and Forecast of Thailand Terephthalic Acid Market Revenues & Volume By Plasticisers for the Period 2021-2031
- Historical Data and Forecast of Thailand Terephthalic Acid Market Revenues & Volume By Liquid Crystal Polymers for the Period 2021-2031
- Historical Data and Forecast of Thailand Terephthalic Acid Market Revenues & Volume By Textiles for the Period 2021-2031
- Historical Data and Forecast of Thailand Terephthalic Acid Market Revenues & Volume By Bottling And Packaging for the Period 2021-2031
- Thailand Terephthalic Acid Import Export Trade Statistics
- Market Opportunity Assessment By Types
- Market Opportunity Assessment By Applications
- Thailand Terephthalic Acid Top Companies Market Share
- Thailand Terephthalic Acid Competitive Benchmarking By Technical and Operational Parameters
- Thailand Terephthalic Acid Company Profiles
- Thailand Terephthalic Acid Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Thailand Terephthalic Acid Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Thailand Terephthalic Acid Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Thailand Terephthalic Acid Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Terephthalic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Terephthalic Acid Market - Industry Life Cycle |
3.4 Thailand Terephthalic Acid Market - Porter's Five Forces |
3.5 Thailand Terephthalic Acid Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Thailand Terephthalic Acid Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Thailand Terephthalic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for PET (Polyethylene Terephthalate) products in various industries such as packaging, textiles, and bottling. |
4.2.2 Growth in the textile industry in Thailand, which is a major consumer of terephthalic acid for polyester fiber production. |
4.2.3 Rising environmental awareness leading to a shift towards sustainable and recyclable materials like PET. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices, such as paraxylene, impacting the production cost of terephthalic acid. |
4.3.2 Competition from substitute materials like bio-based polymers affecting the demand for terephthalic acid. |
4.3.3 Regulatory challenges related to environmental concerns and waste management impacting the production and usage of terephthalic acid. |
5 Thailand Terephthalic Acid Market Trends |
6 Thailand Terephthalic Acid Market, By Types |
6.1 Thailand Terephthalic Acid Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Thailand Terephthalic Acid Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Thailand Terephthalic Acid Market Revenues & Volume, By Amoco Process, 2021-2031F |
6.1.4 Thailand Terephthalic Acid Market Revenues & Volume, By Cooxidation, 2021-2031F |
6.1.5 Thailand Terephthalic Acid Market Revenues & Volume, By Multistage Oxidation, 2021-2031F |
6.1.6 Thailand Terephthalic Acid Market Revenues & Volume, By Henkel Process, 2021-2031F |
6.2 Thailand Terephthalic Acid Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Thailand Terephthalic Acid Market Revenues & Volume, By Cyclohexanedimethanol Production, 2021-2031F |
6.2.3 Thailand Terephthalic Acid Market Revenues & Volume, By Plasticisers, 2021-2031F |
6.2.4 Thailand Terephthalic Acid Market Revenues & Volume, By Liquid Crystal Polymers, 2021-2031F |
6.2.5 Thailand Terephthalic Acid Market Revenues & Volume, By Textiles, 2021-2031F |
6.2.6 Thailand Terephthalic Acid Market Revenues & Volume, By Bottling And Packaging, 2021-2031F |
7 Thailand Terephthalic Acid Market Import-Export Trade Statistics |
7.1 Thailand Terephthalic Acid Market Export to Major Countries |
7.2 Thailand Terephthalic Acid Market Imports from Major Countries |
8 Thailand Terephthalic Acid Market Key Performance Indicators |
8.1 Utilization rate of terephthalic acid production capacity in Thailand. |
8.2 Adoption rate of recycled PET (rPET) in the manufacturing sector. |
8.3 Investment in research and development for innovative applications of terephthalic acid in new industries. |
9 Thailand Terephthalic Acid Market - Opportunity Assessment |
9.1 Thailand Terephthalic Acid Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Thailand Terephthalic Acid Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Thailand Terephthalic Acid Market - Competitive Landscape |
10.1 Thailand Terephthalic Acid Market Revenue Share, By Companies, 2024 |
10.2 Thailand Terephthalic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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