Home / Knowledge / News / Textiles / China & India to lead global PTA demand growth – GBI
China & India to lead global PTA demand growth – GBI
12
Aug '13
The Asia-Pacific region will continue to be the largest market in the world for Purified Terephthalic Acid (PTA) by 2020, thanks to the region’s improving living standards, cross-industry usage of PTA products and expanding manufacturing industries, states a new report.

The latest report shows that the global demand for PTA is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.3% from 2011, reaching 66 million tons in 2020, with Asia-Pacific expected to account for around 82% of its demand. The market will also be driven by North America (6% demand) and Europe (5%), followed by Latin America (4%) and the Middle East and Africa (3%).

PTA is a chemical derived from crude oil that is mainly used to produce Polyester Fiber, which textile and home furnishing industries require to produce garments such as clothes, curtains and bed sheets.

“China has emerged as a global textile manufacturing hub because production in the country benefits from low-cost labor,” says Ganesh Dabholkar, senior analyst with GBI Research. “With more PTA plants planned for installation in the region, Asia-Pacific is expected to drive and dominate the PTA market for the foreseeable future.”

PTA is a precursor to Polyethylene Terephthalate (PET), which is used in the bottling and packaging industry. Although PET accounts for a little less than 30% of the total PTA consumption in the world, GBI Research expects that the changing dynamics of the PET industry might have an impact on the total market for PTA.

“The increased use of recyclable PET, the growing popularity of family-pack bottles, and a shift towards light-weight bottles that use less PET are some of the trends that might harm the growth in demand for PET, which in turn will affect demand for PTA,” says Dabholkar.

“Moreover, the slowing consumption of soft drinks from increasingly health-conscious populations, coupled with a decline in demand for packaged drinking water, is expected to damage the PET market even further.”

However, industries related to the production of beer and other alcoholic beverage bottles as well as household product containers are still dominated by the usage of glass, which could be an untapped market for PET and PTA consumption.

GBI Research


Must ReadView All

Egypt’s textile exports increase 3% in 10 months: TEC

Textiles | On 21st Nov 2017

Egypt’s textile exports increase 3% in 10 months: TEC

Exports by Egypt’s Textile Export Council (TEC) between January and...

UKFT turns sector skills body for UK fashion, textile sector

Textiles | On 21st Nov 2017

UKFT turns sector skills body for UK fashion, textile sector

The UK Fashion & Textile Association (UKFT) recently announced at a...

Pakistan’s textile exports up 7.72% in July-Oct ’17

Textiles | On 21st Nov 2017

Pakistan’s textile exports up 7.72% in July-Oct ’17

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search