The soaring popularity of PET is attributed to its versatile applications, especially in flexible packaging, which is witnessing an increasing demand. As a result, the production of PET is expected to surge, leading to a corresponding rise in the demand for DMT, a vital component in PET production. This trend is anticipated to dominate the market research landscape during the projection period.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
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Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Dimethyl Terephthalate Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Dimethyl Terephthalate market.
Key Dimethyl Terephthalate Market Takeaways and Projections
- The US will lead the North America Dimethyl Terephthalate market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Dimethyl Terephthalate market. It also profiles a list of prominent companies including
- Teijin Limited
- China Petroleum & Chemical Corporation
- SK Innovation Co., Ltd.
- Cepsa Quimica
- Bombay Dyeing & Maunfacturing Co Ltd – (BDMC)
- Artenius Turkpet
- Invista
- Bongaigaon Refinery & Petrochemicals Ltd – (BRPL)
- Eastman Chemical
- Elana SA
- Fiber Intermediate Product Co – (FIPCO)
- Liaoyang Petrochemical Co – (LYPC)
- Mogilevkhimvolokno JSC
- Oxxynova
- Petrobrazi
- Petrocel SA
- Teijin Ltd
- Yambolen AD, etc.
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Key Segments Profiled in the Dimethyl Terephthalate Industry Survey
On the basis of manufacturing techniques used for production of dimethyl terephthalate, the market is segmented into:
- written process
- other processes
On the basis of upstream products, the global dimethyl terephthalate market is segmented into:
- methanol
- terephthalic acid
- xylenes-mixed xylenes etc.
On the basis of downstream products, the global dimethyl terephthalate market is segmented into:
- polybutylene terephthalate
- polyethylene terephthalate
On the basis of regions dimethyl terephthalate, the market is segmented into:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East and Africa (MEA)
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Dimethyl Terephthalate market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Dimethyl Terephthalate market
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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