Purified Terephthalic Acid Market Size

Purified Terephthalic Acid Market size was over USD 11.09 billion in 2024 and is poised to exceed USD 21.7 billion by 2037, growing at over 5.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of purified terephthalic acid is evaluated at USD 11.56 billion.. The major element to support the expansion of the purified terephthalic market is the rising encouragement for the adoption of bio-based feedstock to eradicate the use of crude oil to manufacture PTA due to its adverse effect on the environment. For instance, oil & gas operations are poised to influence over 14% of total energy-related emissions across the world, which further indicates about 5 billion tonnes of greenhouse gas emissions. Hence, with the growing utilization of bio-based feedstock, the purified terephthalic acid market is set to rise.

Furthermore, governments across the world have launched various strict regulations to influence sustainability. Therefore, this factor is also predicted to dominate the bio-based feedstock growth which would ultimately boost the demand for purified terephthalic acid. Additionally, government strict regulations are also encouraging the growth in the recycling of polyethylene terephthalate plastics. As a result, this factor might also drive the market revenue.