Dimethyl Terephthalate Market Trends

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

Base Year	2024
Forecast Year	2025-2037
CAGR	4.9%
Base Year Market Size (2024)	USD 1.16 billion
Forecast Year Market Size (2037)	USD 1.97 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of dimethyl terephthalate is evaluated at USD 1.21 billion.

The 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. Increasing production of polyester fibers, and growing consumption of PET containers will boost the market growth.

North America industry is expected to be the largest with a share of about 34% by 2037, backed by rising public construction, such as highways, streets, roads, bridges in the region.

The major players in the market include Indorama Ventures, SABIC, Farmosa Chemicals & Fiber Corporation, Alpek, Reliance Industries Limited, Eastman Chemical Company, SK Chemicals, SASA Polyester Sanayi A.S., INVISTA, Fiber Intermediate Products Company.

Dimethyl Terephthalate Market Trends