Purified Terephthalic Acid (PTA), a white solid, serves primarily as a foundational chemical in various applications. Its main role lies in the production of versatile, high-performance plastics such as polybutylene terephthalate (PBT), polyethylene terephthalate (PET), polytrimethylene terephthalate (PTT), and certain types of bioplastics.
The creation of terephthalic acid involves utilizing p-Xylene as the primary raw material. The Amoco method, employing a cobalt-manganese-bromide catalyst, oxidizes p-xylene to yield terephthalic acid with a chemical formula of C8H6O4 and a molecular weight of 166.13 g/mol.
Key players in Purified Terephthalic Acid production include countries like China, Taiwan, South Korea, and India.
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Key Details About the PTA (Purified Terephthalic Acid) Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the PTA (Purified Terephthalic Acid) price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The PTA (Purified Terephthalic Acid) price trends, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting PTA (Purified Terephthalic Acid) Price Trend:
The dominant commercial uses of Purified Terephthalic Acid (PTA) significantly influence its price trajectory. These applications encompass the production of polyester coating resin, utilized in coil coatings, automotive, industrial maintenance, and metal formulation. Additionally, PTA finds use in adhesives, lubricants, paints, coatings, and the creation of polyester fibers.
Key Players:
- Reliance Industries Limited (RIL)
- Saudi Basic Industries Corporation (SABIC)
- Alpek S.A.B. de C.V.
- BP p.l.c.
- Eastman Chemical Company
News and Events:
- October 2022: A memorandum of understanding was signed by Mitsui Chemicals, Inc., and Shell Eastern Petroleum (Pte) Ltd, a company with Singaporean registration, committing the two parties to the delivery of ethylene produced from plastic waste. Later, through its subsidiary Prime Polymer Co., Ltd., a Mitsui Chemicals Group company, the company produced chemically recycled polyethylene made from plastic waste.
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