PTA (Purified Terephthalic Acid) Chart, Historical and Forecast Analysis Provided by Procurement Resource
- March 22, 2023
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|Product Name||PTA (Purified Terephthalic Acid)|
|Region/Countries for which Data is available||
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||Our services can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after service delivery|
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Purified Terephthalic Acid, also known as PTA, is a white solid that is mostly used as a commodity chemical. As a raw material, it is used to create high-performance, all-purpose plastics like polybutylene terephthalate (PBT), polyethylene terephthalate (PET), polytrimethylene terephthalate (PTT), and even some varieties of bioplastics.
Terephthalic acid is produced using p-Xylene as a feedstock. The Amoco method involves the oxidation of p-xylene in the presence of a cobalt-manganese-bromide catalyst, which yields terephthalic acid. The chemical formula of purified terephthalic acid is C8H6O4 and its molecular weight is 166.13 g/mol.
Purified Terephthalic Acid-producing countries are China, Taiwan, South Korea, and India.
Key Details About the PTA (Purified Terephthalic Acid) Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the PTA (Purified Terephthalic Acid) price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The PTA (Purified Terephthalic Acid) price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting PTA (Purified Terephthalic Acid) Price Trend:
The primary commercial applications of PTA (Purified Terephthalic Acid) that are impacting its price trend are the manufacturing of polyester coating resin for the usage of coil coatings, automotive, industrial maintenance, and formulation in metals. It is also employed in adhesives, lubricants, paints, coatings, and polyester fibres.
- Reliance Industries Limited (RIL)
- Saudi Basic Industries Corporation (SABIC)
- Alpek S.A.B. de C.V.
- BP p.l.c.
- Eastman Chemical Company
News and Events:
- October 2022: A memorandum of understanding was signed by Mitsui Chemicals, Inc., and Shell Eastern Petroleum (Pte) Ltd, a company with Singaporean registration, committing the two parties to the delivery of ethylene produced from plastic waste. Later, through its subsidiary Prime Polymer Co., Ltd., a Mitsui Chemicals Group company, the company produced chemically recycled polyethylene made from plastic waste.
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- Propylene Oxide Price Trend – https://www.procurementresource.com/resource-center/propylene-oxide-price-trends
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