Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Dimethyl Terephthalate Market size was valued at USD 1.16 billion in 2024 and is likely to exceed USD 1.97 billion by the end of 2037, expanding at over 4.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of dimethyl terephthalate is evaluated at USD 1.21 billion.
The growth of the market can be attributed to the rising availability of feedstock. Para-xylene (PX), and purified terephthalic acid (PTA) are the main feedstock used for producing DMT. Both of these components are derived from fossil fuels, therefore, there is no chance of shortage and thus there is a huge availability of raw materials to produce DMT, which is pushing the market growth.
In addition to these, factors that are believed to fuel the market growth of dimethyl terephthalate are technological advancements in the procedure of producing products from dimethyl terephthalate such as PET, polymer fibers, and others.
 Market overviews.webp)
Dimethyl Terephthalate (DMT) Market: Growth Drivers and Challenges
Growth Drivers
- Growing Demand for Flexible Packaging- DMT-derived PET films and pouches are commonly used in flexible packaging. Therefore, the rising use of flexible packaging material will increase the need for PET. The head of global packaging service, Dominic Cakebread stated that flexible and rigid plastics accounts for the total packaging market.
- Rising Demand for Apparel– DMT is also used in the manufacturing of synthetic fibers, such as polyester for shoes and clothes since the textile industry relies heavily on polyester fibers. Global consumer sales of clothes and footwear surpassed USD 1.5 trillion in 2022.
- Increasing Preference for Sustainability– PET, the major output of DMT is highly recyclable and it can be processed and used in different applications. United Nations has adopted the 2030 Agenda for Sustainable Development, which includes, clean energy, green infrastructure, sustainable materials, and responsible production.
Challenges
- Rising Shift Towards Bio-Based Alternatives- As sustainability becomes a priority, the market has seen a shift towards bio-based polymers derived from renewable resources. This trend poses a challenge a traditional DMT production, requiring adaptation to new technological processes.
- Strict Regulatory Compliance for the Chemical Industry
- Rising Concern for Plastic-Waste Generation
Dimethyl Terephthalate Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
4.9% |
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Base Year Market Size (2024) |
USD 1.16 billion |
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Forecast Year Market Size (2037) |
USD 1.97 billion |
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Regional Scope |
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Dimethyl Terephthalate Segmentation
Application (Polybutylene Terephthalate Resin, Polyethylene Terephthalate Resin)
The polyethylene terephthalate resin segment is estimated to hold about 60% share of the global dimethyl terephthalate market in the year 2037. The growth of the segment can be attributed to the rising use of DMT in the production of polyethylene terephthalate resin (PET resin)), which is used for the production of packaging materials, synthetic fibers, and different beverage containers. In addition to this, these synthetic fibers are used in apparel, home furnishing, textiles, and industrial textiles. The wide range of applications of polyethylene terephthalate resin is driving the growth of the segment.
End Users (Packaging, Construction, Electronics, Automobiles)
Dimethyl terephthalate market from the packaging segment is expected to garner a significant share of around 40% in the year 2037. The growing demand for plastic containers for packaging and rising consumption of packaged water bottles is expected to augment the growth of the segment. In the world, around 446 billion liters of water consumed through plastic bottles are used every year. Moreover, globally around 1 million water bottles are used every minute.
Our in-depth analysis of the global DMT market includes the following segments:
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Form |
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Application |
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End User |
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Customize this ReportDimethyl Terephthalate Industry- Regional Synopsis
North American Market Forecast
The dimethyl terephthalate market in North America, is projected to be the largest with a share of about 34% by the end of 2037. The growth of the market can be attributed majorly to the rising public construction, such as highways, streets, roads, bridges, and others. It is expected that by 2027, around USD 153 billion worth of highways and streets will be developed in the United States. Furthermore, each and every house in the United States and Canada have thermostats, which often go through malfunction and increase the need for new components owing to these factors, the market is further expected to expand in the region.
APAC Market Statistics
The Asia Pacific dimethyl terephthalate market is estimated to be the second largest, registering a share of about 27% by the end of 2037. The growth of the market can be attributed majorly to the growing production of PET resin in the region. Throughout Northeast Asia, China alone possesses over 13.2 million tonnes, accounting for around 38% of the world's total PET resin capacity. Furthermore, growing investment in the infrastructure is also expected to boost the demand for dimethyl terephthalate.
 Market sahres.webp)
Companies Dominating the Dimethyl Terephthalate (DMT) Market
- Indorama Ventures
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- SABIC
- Farmosa Chemicals & Fiber Corporation
- Alpek
- Reliance Industries Limited
- Eastman Chemical Company
- SK Chemicals
- SASA Polyester Sanayi A.S.
- INVISTA
- Fiber Intermediate Products Company
In the News
- Indorama Ventures Public Company Limited, one of the largest manufacturers worldwide of recycled Polyethylene Terephthalate (PET) resin, declared the completion of its recycling facility expansion in Brazil, which will boost the recycling capacity to 50 billion PET bottles annually by 2025.
- KazMunayGas has announced the launch of a new project in Kazakhstan for producing Terephthalic Acid and further production of polyethylene terephthalate (PET) out of it.
Author Credits: Rajrani Baghel
- Report ID: 5179
- Published Date: Oct 14, 2024
- Report Format: PDF, PPT
