Purified Terephthalic Acid (PTA) Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028
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PTA Capacity and Capital Expenditure Market Report Overview
The Purified Terephthalic Acid (PTA) capacity was 121.23 million tonnes per annum (mtpa) in 2023 and will increase at an AAGR of more than 5% from 2023 to 2028.
In 2023, Iran, Saudi Arabia, and Turkey were the leading countries in the Middle East accounting for the total PTA capacity in the region. Large-scale production of polyester fiber in these regions, using PTA, drives its increasing consumption. This fiber finds applications in industries such as packaging and textiles.
Purified Terephthalic Acid (PTA) Capacity and Capex Outlook, 2023-2028 (mtpa)
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The Purified Terephthalic Acid (PTA) capacity and capex report outlook is a comprehensive report on all active and upcoming (planned and announced) Purified Terephthalic Acid (PTA) plants by region and country for the period 2018-2028. It provides global and regional capital expenditure outlook forecasts up to 2028. Furthermore, the report gives a comparative analysis of key companies based on their global capacity contribution.
Market Capacity 2023 | 121.23 Mtpa |
AAGR (2023-2028) | >5% |
Historical Period | 2018-2023 |
Forecast Period | 2023-2028 |
Key Regions | · Asia
· Middle East · Former Soviet Union (FSU) |
Key Projects | · Guangxi Tongkun Petrochemical Qinzhou Purified Terephthalic Acid (PTA) Plant
· Reliance Industries Dahej Purified Terephthalic Acid (PTA) Plant 3 · Fujian Fuhaichuang Petrochemical Zhangzhou Purified Terephthalic Acid (PTA) Plant · Sinopec Yizheng Chemical Fibre Yizheng Purified Terephthalic Acid (PTA) Plant 3 · Hainan Yisheng Petrochemical Yangpu Purified Terephthalic Acid (PTA) Plant |
Leading Companies | · Hengli Petrochemical (Dalian) Co Ltd
· Zhejiang Rongsheng Holding Group Co Ltd · Zhejiang Hengyi Group Co Ltd · INEOS Ltd · Xianglu Petrochemicals Co Ltd |
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Purified Terephthalic Acid (PTA) Capacity and Capex by Regions
Among regions, the key Purified Terephthalic Acid (PTA) capacity contributors include Asia, the Middle East and FSU. Asia led with the largest capacity contribution globally over the next five years, followed by Middle Est and FSU. Asia, the Middle East, and the FSU primarily drive the global PTA capacity growth during the outlook period.
Asia also led with the largest capacity additions from the new build and expansion of the existing PTA projects by 2028. There are around 16 new build and expansion projects starting operations during this period.
Regional Purified Terephthalic Acid (PTA) Capacity and Capex Analysis, 2023 (%)
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Purified Terephthalic Acid (PTA) Capacity and Capex by Planned, and Announced Projects
A few of the top planned and announced Purified Terephthalic Acid projects are Guangxi Tongkun Petrochemical Qinzhou Purified Terephthalic Acid (PTA) Plant, Reliance Industries Dahej Purified Terephthalic Acid (PTA) Plant 3, Fujian Fuhaichuang Petrochemical Zhangzhou Purified Terephthalic Acid (PTA) Plant, Sinopec Yizheng Chemical Fibre Yizheng Purified Terephthalic Acid (PTA) Plant 3 and Hainan Yisheng Petrochemical Yangpu Purified Terephthalic Acid (PTA) Plant and among others.
Guangxi Tongkun Petrochemical Qinzhou Purified Terephthalic Acid (PTA) Plant, operated by Guangxi Tongkun Petrochemical Co Ltd will start operations by 2025, with a capacity of 3.00 mtpa.
Top Purified Terephthalic Acid (PTA) Capacity and Capex Projects, 2024-2028 (%)
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Purified Terephthalic Acid (PTA) Capacity and Capex - Competitive Landscape
The leading Purified Terephthalic Acid producers are:
- Hengli Petrochemical (Dalian) Co Ltd
- Zhejiang Rongsheng Holding Group Co Ltd
- Zhejiang Hengyi Group Co Ltd
- INEOS Ltd
- Xianglu Petrochemicals Co Ltd
Hengli Petrochemical (Dalian) Co Ltd had the largest active purified terephthalic acid (PTA) capacity globally in 2023. The major capacity contribution was from “Hengli Petrochemical Dalian Purified Terephthalic Acid (PTA) Plant”.
Leading Companies by Purified Terephthalic Acid (PTA) Capacity Contribution, 2023 (%)
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Key Segments Covered in the Report
Purified Terephthalic Acid (PTA) Capacity Contribution Regional Outlook (Capacity, mtpa, 2018-2028)
- Asia
- Middle East
- Former Soviet Union (FSU)
Scope
The report provides information about:
- The global Purified Terephthalic Acid (PTA) capacity outlook by region
- The global Purified Terephthalic Acid (PTA) outlook by country
- The Purified Terephthalic Acid (PTA) planned and announced project details
- The capacity share of the major Purified Terephthalic Acid (PTA) producers globally
- The global Purified Terephthalic Acid (PTA) capital expenditure outlook by region
- The global Purified Terephthalic Acid (PTA) capital expenditure outlook by country
Reasons to Buy
- Obtain the most up-to-date information available on all active, planned, and announced Purified Terephthalic Acid plants globally.
- Identify opportunities in the global Purified Terephthalic Acid (PTA) with the help of upcoming projects and capital expenditure outlook.
- Facilitate decision-making based on strong historical and forecast Purified Terephthalic Acid capacity data.
Zhejiang Rongsheng Holding Group Co Ltd
Zhejiang Hengyi Group Co Ltd
INEOS Ltd
Xianglu Petrochemicals Co Ltd
Reliance Industries Ltd
Xin Feng Ming Group Co Ltd
China Petrochemical Corp
Table of Contents
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Figures
Frequently asked questions
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What was the Purified Terephthalic Acid (PTA) capacity in 2023?
The Purified Terephthalic Acid (PTA) capacity was 121.23 million tonnes per annum mtpa in 2023.
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What will the Purified Terephthalic Acid (PTA) capacity growth be during 2023-2028?
The Purified Terephthalic Acid (PTA) capacity will increase at an AAGR of more than 5% during 2023-2028.
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Which region accounted for the highest Purified Terephthalic Acid (PTA) capacity and capex contribution in 2023?
Asia had the largest capacity contribution globally in 2023 and will continue to do so over the next five years.
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Which country accounted for the highest Purified Terephthalic Acid (PTA) capacity and capex share in 2023?
Among the key countries, China accounted for the largest capacity contribution globally in 2023 primarily driven by the expansion of the textile industry in the country.
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Which are the leading Purified Terephthalic Acid (PTA) producers?
Hengli Petrochemical (Dalian) Co Ltd, Zhejiang Rongsheng Holding Group Co Ltd, Zhejiang Hengyi Group Co Ltd, INEOS Ltd and Xianglu Petrochemicals Co Ltd among others are the leading Purified Terephthalic Acid (PTA) soda producers.
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