Purified Terephthalic Acid (PTA) is a crucial raw material used to make various products, including polyester fabrics. it is an organic compound produced commercially through the oxidation of paraxylene by the oxygen in the air. A majority of PTA is consumed in the development of polyester resins, such as polyester films, polyester fiber & yarn, and PET material bottles.
Growth of the purified terephthalic acid (PTA) market is primarily driven by the rise in demand for PTA in textile and packaging industries, ongoing urbanization, and improvement in lifestyle of consumers in Asia. Expansion of end-use markets, such as bottling and packaging and fiber & yarn, is also driving the demand for PTA.