The global dimethyl terephthalate market size accounted for USD 1,188 million in 2024 and is expected to exceed around USD 1,776 million by 2034, growing at a CAGR of 4.1% from 2024 to 2034.
The dimethyl terephthalate market is an important segment of the chemicals and materials industry. This industry deals in the manufacturing and distribution of dimethyl benzene-1,4-dicarboxylate around the globe. These compounds are available in various grades in the market including technical grade, reagent grade, pure grade, and synthesis grade. It is found in several forms comprising of solid and liquid. The growing demand for PET packaging has boosted the market growth. This market is expected to rise significantly with the growth of the organic chemicals industry across the world.
The growing demand for polyester fibers and resins along with numerous initiatives aimed at developing the chemical sector has boosted the market growth. Also, the increased application of these chemicals in the apparel industry coupled with rising demand for plastic bottles is crucial for the industry expansion. Moreover, the increasing demand for these compounds from several end-user industries such as electronics, construction, automotive, packaging, and some others is anticipated to proliferate the growth of the dimethyl terephthalate market. The growing focus on sustainable packaging along with advancements in chemical recycling technology is expected to create ample growth opportunities for the market players in the upcoming years.
SASA, Oxxynova, Teijin, JSC Mogilevkhimvolokno, INVISTA, Eastman, Fiber Intermediate Products, SK
Published by Saurabh Bidwai
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