Dimethyl Terephthalate Market Share, Industry Growth, Trend, Drivers, ChallengesPosted by Ajay Chandak on February 10th, 2021 Dimethyl Terephthalate Market Estimated to Reach USD 1.14 Billion by 2027 Extensive utilization of PET polymer in the plastic packaging sector is a key driver of market growth. Market Size – USD 771.0 million in 2018, Market Growth - CAGR of 4.3%, Market Trends –Rapidly booming packaging industry The global dimethyl terephthalate market is expected to be valued at USD 1.14 Billion in 2027 from USD 771.0 Millionin 2018, registering a CAGR of 4.3% through the forecast period. Dimethyl terephthalate (DMT) is a primary component used in the production of polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) for various films, plastic containers, and specialty plastics. It is extensively used in industrial plastics production and is often used as an intermediate in the production of paints, varnishes, inks, adhesives, and herbicides. Dimethyl terephthalate is produced through the esterification and oxidation of paraxylene, and it uses methanol as the primary raw material during production. The most significant properties of DMT are high purity, robust thermal resistance, high additive dispersion, and low reaction temperature. The global dimethyl terephthalate market is expected to register a substantially high CAGR over the projected period, owing to several growth-inducing factors. The increasing applications of polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) to manufacture plastic products, such as bottles, and containers, significantly propel the global market growth. Dimethyl terephthalate is extensively used to produce esters, polyester resins, polyester polyols, anhydrides, insect repellents, and dyes & pigments. It is also utilized in the manufacture of thermoplastics, such as X-ray and video films. The widespread usage of PET plastics in the packaging industry is an indispensable factor fueling the growth of the global dimethyl terephthalate market. Therefore, the extensive usage of PET in food & beverage packaging due to its lightweight, high impact-resistance, durability, and hygienic properties further bolsters the market growth. Moreover, PET is widely used in the durable packaging of products such as alcoholic beverages, pharmaceutical drugs, and various cosmetic and personal care products. However, the rising adoption of more eco-friendly and cost-effective alternatives, such as PTA (Purified Terephthalic Acid), poses a significant challenge to the market growth in the future. Key findings of the report:
To know more about the report, visit @ https://www.reportsanddata.com/report-detail/dimethyl-terephthalate-market For the purpose of this report, the global dimethyl terephthalate market has been segmented on the basis of product type, application, distribution channel, and region: Product Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
Table Of Content 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2027 Chapter 3. Indicative Metrics Chapter 4. Market Segmentation & Impact Analysis Continued………. Thank you for reading our report. For further inquiries or queries about customization, please get in touch with us. Our team will ensure the report you get is best suited to your needs. About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Contact Us: John W Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com Like it? Share it!More by this author |