The global Dimethyl Terephthalate Market is expected to reach USD 1,185.9 Million by 2028, according to a new report by Reports and Data. The growth of the dimethyl terephthalate market is primarily owing to the increasing application of this organic compound, especially in the production of polyethylene terephthalate.
The report offers in-depth analysis of historical and latest market trends along with revenue growth, market size, drivers, restraints, limitations and opportunities. The report is well curated using statistical methods such as SWOT analysis and Porter’s Five Force and presented using tables, graphs, charts, figures and other pictorial representations to help user understand the market dynamics. The data is collected using extensive primary and secondary research which is evaluated by experts and professionals in the industry.
Approximately all dimethyl terephthalate produced across the globe is consumed in the production of polyethylene terephthalate (PET). PET plastics are the most preferred materials in the packaging industry. It is extensively deployed for packaging of various food and beverage products owing to its lightweight, durable, impact-resistance, and hygienic properties, as well as it maintains the freshness of the products.
Grab Your Free Sample Copy Now @ https://www.reportsanddata.com/request-customization-form/2473
Key participants include SK Innovation Co. Ltd., Artenius Turkpet, Cepsa Quimica, AB Enterprises, Eastman Chemical Company, Teijin Ltd., Oxxynova GmbH, Sinopec Limited, SASA, Bongaigaon Refinery & Petrochemicals Ltd., and Petrocel SA, among others.
It is predominantly consumed in the packaging of drinking water and carbonated soft drinks, and hence a significant share of PET resins is utilized in the production of PET bottles. This plastic is considered an exceptional barrier material that prevents the transfer of chemicals, making it most appropriate for the food & beverage and cosmetics industry. Additionally, these bottles find extensive usage in various consumable products, including detergents, alcoholic beverages, medicines, and personal care products & cosmetics.
Further key findings from the report suggest:
By product type, solid dimethyl terephthalate contributed to the largest market share in 2020.
By application, polyethylene terephthalate (PET) held the largest market share in 2020 and is estimated to grow at a rate of 3.6% in the forecast period. Polyethylene terephthalate (PET) is the thermoplastic with the most extensive application across the globe, and it is the most preferred solution for the packaging of consumable products. Moreover, fabrics made from PET are durable and flexible, and when combined with materials such as cotton, can decrease shrinking, wrinkling, and makes it tear-resistant.
By distribution channel, online sales channel dominated the market in 2020 and is forecasted to grow at a rate of 4.8% in the period 2019-2026. Online sales channel helps the market players to have access to a broader market irrespective of whether they have physical presence in that region or not.
The market in the Asia Pacific region dominated the market in 2020 and is likely to grow at a rate of 4.9% in the forecast period. The market dominance of the APAC region is attributed to the increasing industrialization, strong economic growth, and growing investment activities in developing countries, including India, and China, among others. Also, the rising demand from the end-user industries like the automotive, food & beverage, electrical & electronics, and pharmaceutical industry is driving the market growth in the region.
Receive Download Summary: https://www.reportsanddata.com/download-summary-form/2473
For the purpose of this report, Reports and Data have segmented the global dimethyl terephthalate market on the basis of product type, application, distribution channel, and region:
Product Type Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
Solid Dimethyl Terephthalate
Liquid Dimethyl Terephthalate
Application Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
Polyethylene Terephthalate (PET)
Polybutylene Terephthalate (PBT)
Others
Distribution Channel Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
Direct Sales
Indirect Sales
Ask for Customize Research Report @ https://www.reportsanddata.com/request-customization-form/2473
Regional Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
North America
Europe
Asia Pacific
Latin America
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
