Dimethyl Terephthalate Market Size

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.