Purified Terephthalic Acid (PTA), recognized as a white solid, serves primarily as a vital commodity chemical in various industries. It acts as a pivotal raw material in the creation of versatile, high-performance plastics such as polybutylene terephthalate (PBT), polyethylene terephthalate (PET), polytrimethylene terephthalate (PTT), and certain types of bioplastics.
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Derived from p-Xylene, the production of terephthalic acid involves the Amoco method, where p-xylene undergoes oxidation in the presence of a cobalt-manganese-bromide catalyst, resulting in the formation of terephthalic acid. This compound is represented by the chemical formula C8H6O4 and boasts a molecular weight of 166.13 g/mol.
The production hubs for Purified Terephthalic Acid include countries such as China, Taiwan, South Korea, and India. These nations contribute significantly to the global production and supply of this crucial chemical compound, supporting various industries reliant on PTA for their manufacturing processes.
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 market dynamics influencing the price trend of Purified Terephthalic Acid (PTA) primarily stem from its extensive commercial applications. PTA finds widespread usage in manufacturing polyester coating resin, notably in industries such as coil coatings, automotive, and industrial maintenance. Additionally, it serves as a crucial component in metal formulation. Beyond these sectors, PTA plays pivotal roles in adhesives, lubricants, paints, coatings, and the production 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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