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Purified Terephthalic Acid Global Market to 2020 Overcapacity and Declining Margins to Hinder Global Demand in the Short Term

GBI Research Report Guidance

GBICH0088MR / Published JUL 2013

© GBI Research. This is a licensed product and is not to be photocopied

GBI Research Report Guidance

Chapter three provides an overview of the global PTA market, including industry challenges. The chapter comprises demand forecasts by volume, end-uses and countries, and an analysis of the competitive landscape. Price analysis and forecasts, exports and imports, and the individual trends of major countries in the region are also discussed in detail.

Chapter four provides an overview of the Asia-Pacific PTA market, including drivers, restraints and industry challenges. The chapter comprises demand forecasts by volume, end-uses and countries, and an analysis of the competitive landscape. Price analysis and forecasts, exports and imports, and the individual trends of major countries in the region are also discussed in detail.

Chapter five provides an overview of the PTA market in North America, including drivers, restraints and industry challenges. The chapter comprises demand forecasts by volume, end-uses and countries, and an analysis of the competitive landscape. Price analysis and forecasts, exports and imports, and the individual trends of major countries in the region are also discussed in detail.

Chapter six provides an overview of the PTA market in Europe, including drivers, restraints and industry challenges. The chapter comprises demand forecasts by volume, end-uses and countries, and an analysis of the competitive landscape. Price analysis and forecasts, exports and imports, and the individual trends of major countries in the region are also discussed in detail.

Chapter seven provides an overview of the PTA market in South and Central America, including drivers, restraints and industry challenges. The chapter comprises demand forecasts by volume, end-uses and countries, and an analysis of the competitive landscape. Price analysis and forecasts, exports and imports, and the individual trends of major countries in the region are also discussed in detail.

Chapter eight provides an overview of the PTA market in Middle East and Africa, including drivers, restraints and industry challenges. The chapter comprises demand forecasts by volume, end-uses and countries, and an analysis of the competitive landscape. Price analysis and forecasts, exports and imports, and the individual trends of major countries in the region are also discussed in detail.

Chapter nine contains the appendix of the report, including the methodology, research process and important definitions used.


© GBI Research. This is a licensed product and is not to be photocopied

Executive Summary

Executive Summary

The Global Purified Terephthalic Acid Market is Expected to Grow during the Forecast Period at a Compound Annual Growth Rate of XX%

Global demand for Purified Terephthalic Acid (PTA) in 2000 amounted to XX tons, which increased to XX in 2011. Global PTA demand has increased over the last decade as a result of increased demand in the polyester fiber and Polyethylene Terephthalate (PET) (tons) markets worldwide in various applications. In geographic terms, the increase in demand for PTA has emerged primarily from Asia-Pacific and the Middle East and Africa, which has more than compensated for the slow growth in demand from Europe and the fall in demand in North America. Global demand for PTA is expected to grow at a Compound Annual Growth Rate (CAGR) of XX% to reach to XX tons in 2020. The increasing trend for PTA demand in Asia-Pacific is expected to continue in future with the construction of more PTA plants that are currently in development. Asia-Pacific is expected to account for XX% of global PTA demand in 2020, followed by North America with a XX% share and Europe with a XX% share of the global demand. South and Central America and the Middle East and Africa are expected to account for XX% and XX% respectively of the total demand in 2020.

Purified Terephthalic Acid, Global Demand by Volume (Million Tons), 2000–2020

2000 2011 2020

Dem

and

(Milli

on To

ns)

CAGR : XX CAGR : XX

Source: GBI Research, Chemicals Market Database [Accessed on February 15, 2013]; Eurostat, 2011; APLA, 2011; APIC, 2011a–e

Global PTA demand has increased over the last decade as a result of increased demand in the polyester fiber


Page 6 © GBI Research. This is a licensed product and is not to be photocopied

Table of Contents

1 Table of Contents

1 Table of Contents................................................................................................................................. 6 1.1 List of Tables............................................................................................................................11 1.2 List of Figures...........................................................................................................................14

2 Introduction........................................................................................................................................17 3 Global Purified Terephthalic Acid Market.............................................................................................18

3.1 Global Purified Terephthalic Acid Market Overview ..................................................................18 3.2 Global Purified Terephthalic Acid Market Drivers......................................................................19

3.2.1 Continued Growth from the Asia-Pacific and Increasing Demand from the Middle East to Drive the PTA Market .......................................................................................................19

3.2.2 Improving Per Capita Demand in Developing Nations to Fuel Demand...............................19 3.2.3 Expanding Use of Products Manufactured from Purified Terephthalic Acid to Improve its

Demand...........................................................................................................................19 3.3 Global Purified Terephthalic Acid Market Restraints .................................................................19

3.3.1 Dependence on Asia-Pacific Limits Purified Terephthalic Acid Market Growth ....................19 3.3.2 Production Overcapacity to Impact Future Growth............................................................19 3.3.3 Volatility of Crude Oil Prices to Affect Profitability for Purified Terephthalic Acid Producers 20

3.4 Global Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020 .........20 3.5 Global Purified Terephthalic Acid Demand Analysis by End-use and Forecast to 2020................22 3.6 Global Purified Terephthalic Acid Demand Share Analysis by Geography and Forecast to 2020..24 3.7 Global Purified Terephthalic Acid Market Competitive Landscape .............................................25

4 Asia-Pacific Purified Terephthalic Acid Market .....................................................................................26 4.1 Asia-Pacific Purified Terephthalic Acid Market Overview...........................................................26 4.2 Asia-Pacific Purified Terephthalic Acid Market Drivers ..............................................................26

4.2.1 Significant rise in Demand for Purified Terephthalic Acid from Developing Countries such as China and India to Drive Purified Terephthalic Acid Market ...............................................26

4.2.2 Migration of the Textile and Garment Industry to Asia-Pacific ...........................................26 4.3 Asia-Pacific Purified Terephthalic Acid Market Restraints..........................................................26

4.3.1 High Growth in Demand Limited to a Few Countries..........................................................26 4.3.2 Paraxylene Supply Constraints and Huge Capacity Expansion of Purified Terephthalic Acid.26

4.4 Asia-Pacific Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020..27 4.5 Asia-Pacific Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020 ........29 4.6 Asia-Pacific Purified Terephthalic Acid Demand Share Analysis by Country and Forecast to 2020

...............................................................................................................................................31 4.7 Asia-Pacific Purified Terephthalic Acid Market Competitive Landscape......................................32 4.8 Asia-Pacific Purified Terephthalic Acid Installed Capacity, 2011–2016........................................33 4.9 China Purified Terephthalic Acid Market...................................................................................36

4.9.1 China Purified Terephthalic Acid Market Overview ............................................................36 4.9.2 China Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020....36 4.9.3 China Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020..........39 4.9.4 China Purified Terephthalic Acid Import and Export Analysis..............................................41 4.9.5 China Purified Terephthalic Acid Price Analysis and Forecast to 2020 .................................43 4.9.6 China Purified Terephthalic Acid Market Competitive Landscape .......................................45

4.10 India Purified Terephthalic Acid Market....................................................................................46 4.10.1 India Purified Terephthalic Acid Market Overview .............................................................46 4.10.2 India Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020.....46 4.10.3 India Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020...........48 4.10.4 India Purified Terephthalic Acid Import and Export Analysis...............................................50 4.10.5 India Purified Terephthalic Acid Price Analysis and Forecast to 2020..................................52 4.10.6 India Purified Terephthalic Acid Market Competitive Landscape ........................................54

4.11 South Korea Purified Terephthalic Acid Market.........................................................................55 4.11.1 South Korea Purified Terephthalic Acid Market Overview ..................................................55



Table of Contents

4.11.2 South Korea Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020 ................................................................................................................................55

4.11.3 South Korea Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 202057 4.11.4 South Korea Purified Terephthalic Acid Import and Export Analysis....................................59 4.11.5 South Korea Purified Terephthalic Acid Price Analysis and Forecast to 2020 .......................61 4.11.6 South Korea Purified Terephthalic Acid Market Competitive Landscape..............................63

4.12 Taiwan Purified Terephthalic Acid Market ................................................................................64 4.12.1 Taiwan Purified Terephthalic Acid Market Overview..........................................................64 4.12.2 Taiwan Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020.64 4.12.3 Taiwan Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020 .......66 4.12.4 Taiwan Purified Terephthalic Acid Import and Export Analysis ...........................................68 4.12.5 Taiwan Purified Terephthalic Acid Price Analysis and Forecast to 2020 ..............................70 4.12.6 Taiwan Purified Terephthalic Acid Market Competitive Landscape.....................................72

4.13 Thailand Purified Terephthalic Acid Market ..............................................................................73 4.13.1 Thailand Purified Terephthalic Acid Market Overview........................................................73 4.13.2 Thailand Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020

........................................................................................................................................73 4.13.3 Thailand Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020 .....75 4.13.4 Thailand Purified Terephthalic Acid Import and Export Analysis .........................................77 4.13.5 Thailand Purified Terephthalic Acid Price Analysis and Forecast to 2020 ............................79 4.13.6 Thailand Purified Terephthalic Acid Market Competitive Landscape...................................81

4.14 Japan Purified Terephthalic Acid Market...................................................................................82 4.14.1 Japan Purified Terephthalic Acid Market Overview............................................................82 4.14.2 Japan Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020 ...82 4.14.3 Japan Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020 .........84 4.14.4 Japan Purified Terephthalic Acid Import and Export Analysis .............................................86 4.14.5 Japan Purified Terephthalic Acid Price Analysis and Forecast to 2020.................................88 4.14.6 Japan Purified Terephthalic Acid Market Competitive Landscape .......................................90

4.15 Malaysia Purified Terephthalic Acid Market..............................................................................91 4.15.1 Malaysia Purified Terephthalic Acid Market Overview.......................................................91 4.15.2 Malaysia Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020

........................................................................................................................................91 4.15.3 Malaysia Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020.....93 4.15.4 Malaysia Purified Terephthalic Acid Import and Export Analysis ........................................95 4.15.5 Malaysia Purified Terephthalic Acid Price Analysis and Forecast to 2020............................97 4.15.6 Malaysia Purified Terephthalic Acid Market Competitive Landscape ..................................98

5 North America Purified Terephthalic Acid Market ................................................................................99 5.1 North America Purified Terephthalic Acid Market Overview......................................................99 5.2 North America Purified Terephthalic Acid Market Drivers .........................................................99

5.2.1 Growth of End-Use Industries to Drive PTA Demand in the Region .....................................99 5.2.2 Increased Focus on the Development of Alternatives to petrochemical-based PTA..............99

5.3 North America Purified Terephthalic Acid Market Restraints.....................................................99 5.3.1 Reduced Amount of PET Resin Used in Bottles and Containers ...........................................99 5.3.2 Limited Production Capacity to Put a Cap on Production Potential .....................................99

5.4 North America Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020.............................................................................................................................................100

5.5 North America Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020.102 5.6 North America Purified Terephthalic Acid Demand Share Analysis by Country and Forecast to

2020......................................................................................................................................104 5.7 North America Purified Terephthalic Acid Market Competitive Landscape...............................105 5.8 The US Purified Terephthalic Acid Market...............................................................................106

5.8.1 The US Purified Terephthalic Acid Market Overview ........................................................106



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5.8.2 The US Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020106 5.8.3 The US Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020......108 5.8.4 The US Purified Terephthalic Acid Import and Export Analysis..........................................110 5.8.5 The US Purified Terephthalic Acid Price Analysis and Forecast to 2020 .............................112 5.8.6 The US Purified Terephthalic Acid Market Competitive Landscape ...................................114

5.9 Canada Purified Terephthalic Acid Market..............................................................................115 5.9.1 Canada Purified Terephthalic Acid Market Overview .......................................................115 5.9.2 Canada Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020

......................................................................................................................................115 5.9.3 Canada Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020.....117 5.9.4 Canada Purified Terephthalic Acid Import and Export Analysis.........................................119 5.9.5 Canada Purified Terephthalic Acid Price Analysis and Forecast to 2020 ............................121 5.9.6 Canada Purified Terephthalic Acid Market Competitive Landscape ..................................123

6 Europe Purified Terephthalic Acid Market .........................................................................................124 6.1 Europe Purified Terephthalic Acid Market Overview...............................................................124 6.2 Europe Purified Terephthalic Acid Market Drivers...................................................................124

6.2.1 Growth in Downstream Sector to Fuel Purified Terephthalic Acid Demand in Europe ........124 6.2.2 Untapped End-Use Market Offers Significant Potential for Purified Terephthalic Acid

Demand Growth.............................................................................................................124 6.3 Europe Purified Terephthalic Acid Market Restraints ..............................................................125

6.3.1 Limited Polyester Fiber Production Capacity to Restrict Demand......................................125 6.3.2 Volatile Feedstock Prices to Affect Producer Margins and Hinder Market Growth ............125

6.4 Europe Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020 ......125 6.5 Europe Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020.............128 6.6 Europe Purified Terephthalic Acid Demand Share Analysis by Country and Forecast to 2020....130 6.7 Europe Purified Terephthalic Acid Market Competitive Landscape ..........................................131 6.8 Germany Purified Terephthalic Acid Market ...........................................................................132

6.8.1 Germany Purified Terephthalic Acid Market Overview.....................................................132 6.8.2 Germany Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020

......................................................................................................................................132 6.8.3 Germany Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020 ..135 6.8.4 Germany Purified Terephthalic Acid Import and Export Analysis ......................................137 6.8.5 Germany Purified Terephthalic Acid Price Analysis and Forecast to 2020..........................139 6.8.6 Germany Purified Terephthalic Acid Market Competitive Landscape................................140

6.9 Italy Purified Terephthalic Acid Market...................................................................................141 6.9.1 Italy Purified Terephthalic Acid Market Overview ............................................................141 6.9.2 Italy Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020 ...141 6.9.3 Italy Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020..........143 6.9.4 Italy Purified Terephthalic Acid Import and Export Analysis..............................................145 6.9.5 Italy Purified Terephthalic Acid Price Analysis and Forecast to 2020.................................147 6.9.6 Italy Purified Terephthalic Acid Market Competitive Landscape .......................................149

6.10 Spain Purified Terephthalic Acid Market.................................................................................150 6.10.1 Spain Purified Terephthalic Acid Market Overview...........................................................150 6.10.2 Spain Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020..150 6.10.3 Spain Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020........152 6.10.4 Spain Purified Terephthalic Acid Import and Export Analysis ............................................154 6.10.5 Spain Purified Terephthalic Acid Price Analysis and Forecast to 2020 ...............................156 6.10.6 Spain Purified Terephthalic Acid Market Competitive Landscape......................................157

6.11 The UK Purified Terephthalic Acid Market ..............................................................................158 6.11.1 The UK Purified Terephthalic Acid Market Overview ........................................................158 6.11.2 The UK Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020158 6.11.3 The UK Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020......160



Table of Contents

6.11.4 The UK Import and Export Analysis .................................................................................162 6.11.5 The UK Purified Terephthalic Acid Price Analysis and Forecast to 2020.............................164 6.11.6 The UK Purified Terephthalic Acid Market Competitive Landscape ...................................165

6.12 Russia Purified Terephthalic Acid Market................................................................................166 6.12.1 Russia Market Overview.................................................................................................166 6.12.2 Russia Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020.166 6.12.3 Russia Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020.......168 6.12.4 Russia Purified Terephthalic Acid Import and Export Analysis...........................................170 6.12.5 Russia Purified Terephthalic Acid Price Analysis and Forecast to 2020..............................172 6.12.6 Russia Purified Terephthalic Acid Market Competitive Landscape ....................................174

6.13 Poland Purified Terephthalic Acid Market...............................................................................175 6.13.1 Poland Purified Terephthalic Acid Market Overview ........................................................175 6.13.2 Poland Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020175 6.13.3 Poland Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020......177 6.13.4 Poland Purified Terephthalic Acid Import and Export Analysis..........................................179 6.13.5 Poland Purified Terephthalic Acid Price Analysis and Forecast to 2020 .............................181 6.13.6 Poland Purified Terephthalic Acid Market Competitive Landscape ...................................182

6.14 France Purified Terephthalic Acid Market ...............................................................................183 6.14.1 France Purified Terephthalic Acid Market Overview.........................................................183 6.14.2 France Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020 183 6.14.3 France Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020 ......185 6.14.4 France Purified Terephthalic Acid Import and Export Analysis ..........................................187 6.14.5 France Purified Terephthalic Acid Price Analysis and Forecast to 2020 .............................189

7 South and Central America Purified Terephthalic Acid Market............................................................191 7.1 South and Central America Purified Terephthalic Acid Market Overview .................................191 7.2 South and Central America Purified Terephthalic Acid Market Drivers.....................................191

7.2.1 Brazilian Economy to Fuel Growth of Purified Terephthalic Acid Market...........................191 7.2.2 Favorable Demographics and Increasing Per Capita Consumption of Purified Terephthalic

Acid to Drive Purified Terephthalic Demand ....................................................................191 7.3 South and Central America Purified Terephthalic Acid Market –Restraints ..............................191

7.3.1 Limited Production Capacity to Increase Dependence on Imports and Impact Industry Growth ..........................................................................................................................191

7.3.2 Changing Trends in the Downstream Sector to Adversely Affect the Purified Terephthalic Acid Market ...................................................................................................................192

7.4 South and Central America Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020....................................................................................................................192

7.5 South and Central America Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020..................................................................................................................................194

7.6 South and Central America Purified Terephthalic Acid Demand Share Analysis by Country and Forecast to 2020....................................................................................................................196

7.7 South and Central America Purified Terephthalic Acid Market Competitive Landscape ............197 7.8 Mexico Purified Terephthalic Acid Market ..............................................................................198

7.8.1 Mexico Purified Terephthalic Acid Market Overview........................................................198 7.8.2 Mexico Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020

......................................................................................................................................198 7.8.3 Mexico Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020 .....200 7.8.4 Mexico Purified Terephthalic Acid Import and Export Analysis .........................................202 7.8.5 Mexico Purified Terephthalic Acid Price Analysis and Forecast to 2020.............................204 7.8.6 Mexico Purified Terephthalic Acid Market Competitive Landscape...................................205

7.9 Brazil Purified Terephthalic Acid Market.................................................................................206 7.9.1 Brazil Purified Terephthalic Acid Market Overview ..........................................................206 7.9.2 Brazil Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020..206 7.9.3 Brazil Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020........208



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7.9.4 Brazil Purified Terephthalic Acid Import and Export Analysis............................................210 7.9.5 Brazil Purified Terephthalic Acid Price Analysis and Forecast to 2020 ...............................212 7.9.6 Brazil Purified Terephthalic Acid Market Competitive Landscape .....................................214

7.10 Argentina Purified Terephthalic Acid Market ..........................................................................215 7.10.1 Argentina Purified Terephthalic Acid Market Overview....................................................215 7.10.2 Argentina Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020

......................................................................................................................................215 7.10.3 Argentina Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020 .217 7.10.4 Argentina Purified Terephthalic Acid Import and Export Analysis .....................................219 7.10.5 Argentina Purified Terephthalic Acid Price Analysis and Forecast to 2020 ........................221

8 Middle East and Africa Purified Terephthalic Acid Market ..................................................................223 8.1 Middle East and Africa Purified Terephthalic Acid Market Overview........................................223 8.2 Middle East and Africa Purified Terephthalic Acid Market Drivers ...........................................223

8.2.1 Low-cost Feedstock Availability to Fuel Future Demand in the Region ..............................223 8.2.2 Support from the Respective Governments to Further Develop Downstream Industry.......223

8.3 Middle East and Africa Purified Terephthalic Acid Market Restraints .......................................223 8.3.1 Imposition of Anti-Dumping Duties from the Importing Countries to Hinder Purified

Terephthalic Acid Growth ...............................................................................................223 8.3.2 Increasing Use of Light-weight PET Bottles and Focus on Recycled PET Resin to Impact the

Demand for Purified Terephthalic Acid............................................................................223 8.4 Middle East and Africa Purified Terephthalic Acid Demand and Production Analysis and Forecast

to 2020..................................................................................................................................224 8.5 Middle East and Africa Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to

2020......................................................................................................................................226 8.6 Middle East and Africa Purified Terephthalic Acid Demand Share Analysis by Country and

Forecast to 2020....................................................................................................................228 8.7 Middle East and Africa Purified Terephthalic Acid Market Competitive Landscape...................229 8.8 Iran Purified Terephthalic Acid Market ...................................................................................230

8.8.1 Iran Purified Terephthalic Acid Market Overview.............................................................230 8.8.2 Iran Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020 ....230 8.8.3 Iran Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020 ..........232 8.8.4 Iran Purified Terephthalic Acid Import and Export Analysis ..............................................234 8.8.5 Iran Purified Terephthalic Acid Price Analysis and Forecast to 2020 .................................236 8.8.6 Iran Purified Terephthalic Acid Market Competitive Landscape........................................238

8.9 Saudi Arabia Purified Terephthalic Acid Market ......................................................................239 8.9.1 Saudi Arabia Purified Terephthalic Acid Market Overview................................................239 8.9.2 Saudi Arabia Purified Terephthalic Acid Demand and Production Analysis and Forecast to

2020 ..............................................................................................................................239 8.9.3 Saudi Arabia Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020

......................................................................................................................................241 8.9.4 Saudi Arabia Purified Terephthalic Acid Import and Export Analysis .................................243 8.9.5 Saudi Arabia Purified Terephthalic Acid Price Analysis and Forecast to 2020 ....................245 8.9.6 Saudi Arabia Purified Terephthalic Acid Market Competitive Landscape...........................247

9 Appendix ..........................................................................................................................................248 9.1 Abbreviations ........................................................................................................................248 9.2 Market Definitions.................................................................................................................248 9.3 Bibliography ..........................................................................................................................248 9.4 Methodology.........................................................................................................................249

9.4.1 Coverage .......................................................................................................................249 9.4.2 Secondary Research .......................................................................................................249 9.4.3 Primary Research ...........................................................................................................250 9.4.4 Expert Panel Validation ..................................................................................................250

9.5 Contact Us.............................................................................................................................250



Table of Contents

9.6 Disclaimer..............................................................................................................................250

1.1 List of Tables

Table 1: Purified Terephthalic Acid, Global, Demand and Production by Volume (Tons), 2000–2020 ......21 Table 2: Purified Terephthalic Acid, Global, Demand by End-Use (Tons), 2000–2020..............................23 Table 3: Purified Terephthalic Acid, Global, Demand by Regions (Tons), 2011–2020 ..............................24 Table 4: Purified Terephthalic Acid, Global, Capacity Share (%), 2011 ....................................................25 Table 5: Purified Terephthalic Acid, Asia-Pacific, Demand and Production by Volume (Tons), 2000–2020

...............................................................................................................................................28 Table 6: Purified Terephthalic Acid, Asia-Pacific, Demand by End-Use (Tons), 2000–2020 ......................30 Table 7: Purified Terephthalic Acid, Asia-Pacific, Demand by Country (Tons), 2011–2020.......................31 Table 8: Purified Terephthalic Acid, Asia-Pacific, Capacity Share (%), 2011.............................................32 Table 9: Purified Terephthalic Acid, Installed Capacity (Current and Upcoming), Asia-Pacific (Million

Tons), 2011–2018 ...................................................................................................................33 Table 10: Purified Terephthalic Acid, China, Demand and Production by Volume (Tons), 2000–2020........38 Table 11: Purified Terephthalic Acid, China, Demand by End-Use (Tons), 2000–2020...............................40 Table 12: Purified Terephthalic Acid, China, Import and Export by Volume (Tons), 2000–2020.................42 Table 13: Purified Terephthalic Acid, China, Average Price ($/Ton), 2000–2020 .......................................44 Table 14: Purified Terephthalic Acid, China, Capacity Share (%), 2011 .....................................................45 Table 15: Purified Terephthalic Acid, India, Demand and Production by Volume (Tons), 2000–2020.........47 Table 16: Purified Terephthalic Acid, India, Demand by End-Use (Tons), 2000–2020................................49 Table 17: Purified Terephthalic Acid, India, Import and Export by Volume (Tons), 2000–2020..................51 Table 18: Purified Terephthalic Acid, India, Average Price ($/Ton), 2000–2020 ........................................53 Table 19: Purified Terephthalic Acid, India, Capacity Share (%), 2011 ......................................................54 Table 20: Purified Terephthalic Acid, South Korea, Demand and Production by Volume (Tons), 2000–2020

...............................................................................................................................................56 Table 21: Purified Terephthalic Acid, South Korea, Demand by End-Use (Tons), 2000–2020.....................58 Table 22: Purified Terephthalic Acid, South Korea, Import and Export by Volume (Tons), 2000–2020.......60 Table 23: Purified Terephthalic Acid, South Korea, Average Price ($/Ton), 2000–2020 .............................62 Table 24: Purified Terephthalic Acid, South Korea, Capacity Share (%), 2011 ...........................................63 Table 25: Purified Terephthalic Acid, Taiwan, Demand and Production by Volume (Tons), 2000–2020 .....65 Table 26: Purified Terephthalic Acid, Taiwan, Demand by End-Use (Tons), 2000–2020.............................67 Table 27: Purified Terephthalic Acid, Taiwan, Import and Export by Volume (Tons), 2000–2020...............69 Table 28: Purified Terephthalic Acid, Taiwan, Average Price ($/Ton), 2000–2020.....................................71 Table 29: Purified Terephthalic Acid, Taiwan, Capacity Share (%), 2011...................................................72 Table 30: Purified Terephthalic Acid, Thailand, Demand and Production by Volume (Tons), 2000–2020...74 Table 31: Purified Terephthalic Acid, Thailand, Demand by End-Use (Tons), 2000–2020 ..........................76 Table 32: Purified Terephthalic Acid, Thailand, Import and Export by Volume (Tons), 2000–2020 ............78 Table 33: Purified Terephthalic Acid, Thailand, Average Price ($/Ton), 2000–2020...................................80 Table 34: Purified Terephthalic Acid, Thailand, Capacity Share (%), 2011.................................................81 Table 35: Purified Terephthalic Acid, Japan, Demand and Production by Volume (Tons), 2000–2020 .......83 Table 36: Purified Terephthalic Acid, Japan, Demand by End-Use (Tons), 2000–2020...............................85 Table 37: Purified Terephthalic Acid, Japan, Import and Export by Volume (Tons), 2000–2020.................87 Table 38: Purified Terephthalic Acid, Japan, Average Price ($/Ton), 2000–2020.......................................89 Table 39: Purified Terephthalic Acid, Japan, Capacity Share (%), 2011 .....................................................90 Table 40: Purified Terephthalic Acid, Malaysia, Demand and Production by Volume (Tons), 2000–2020...92 Table 41: Purified Terephthalic Acid, Malaysia, Demand by End-Use (Tons), 2000–2020 ..........................94 Table 42: Purified Terephthalic Acid, Malaysia, Import and Export by Volume (Tons), 2000–2020............96 Table 43: Purified Terephthalic Acid, Malaysia, Average Price ($/Ton), 2000–2020 ..................................98 Table 44: Purified Terephthalic Acid, North America, Demand and Production by Volume (Tons), 2000–

2020.....................................................................................................................................101 Table 45: Purified Terephthalic Acid, North America, Demand by End-Use (Tons), 2000–2020 ...............103 Table 46: Purified Terephthalic Acid, North America, Demand by Country (Tons), 2011–2020................104 Table 47: Purified Terephthalic Acid, North America, Capacity Share (%), 2011......................................105 Table 48: Purified Terephthalic Acid, The US, Demand and Production by Volume (Tons), 2000–2020....107 Table 49: Purified Terephthalic Acid, The US, Demand by End-Use (Tons), 2000–2020...........................109 Table 50: Purified Terephthalic Acid, The US, Import and Export by Volume (Tons), 2000–2020.............111



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Table 51: Purified Terephthalic Acid, The US, Average Price ($/Ton), 2000–2020 ...................................113 Table 52: Purified Terephthalic Acid, The US, Capacity Share (%), 2011 .................................................114 Table 53: Purified Terephthalic Acid, Canada, Demand and Production by Volume (Tons), 2000–2020...116 Table 54: Purified Terephthalic Acid, Canada, Demand by End-Use (Tons), 2000–2020 ..........................118 Table 55: Purified Terephthalic Acid, Canada, Import and Export by Volume (Tons), 2000–2020 ............120 Table 56: Purified Terephthalic Acid, Canada, Average Price ($/Ton), 2000–2020 ..................................122 Table 57: Purified Terephthalic Acid, Canada, Capacity Share (%), 2011.................................................123 Table 58: Purified Terephthalic Acid, Europe, Demand and Production by Volume (Tons), 2000–2020 ...127 Table 59: Purified Terephthalic Acid, Europe, Demand by End-Use (Tons), 2000–2020...........................129 Table 60: Purified Terephthalic Acid, Europe, Demand by Country (Tons), 2011–2020 ...........................131 Table 61: Purified Terephthalic Acid, Europe, Capacity share (%), 2011 .................................................132 Table 62: Purified Terephthalic Acid, Germany, Demand and Production by Volume (Tons), 2000–2020 134 Table 63: Purified Terephthalic Acid, Germany, Demand by End-Use (Tons), 2000–2020 .......................136 Table 64: Purified Terephthalic Acid, Germany, Import and Export by Volume (Tons), 2000–2020 .........138 Table 65: Purified Terephthalic Acid, Germany, Average Price ($/Ton), 2000–2020................................140 Table 66: Purified Terephthalic Acid, Italy, Demand and Production by Volume (Tons), 2000–2020........142 Table 67: Purified Terephthalic Acid, Italy, Demand by End-Use (Tons), 2000–2020...............................144 Table 68: Purified Terephthalic Acid, Italy, Import and Export by Volume (Tons), 2000–2020.................146 Table 69: Purified Terephthalic Acid, Italy, Average Price ($/Ton), 2000–2020 .......................................148 Table 70: Purified Terephthalic Acid, Italy, Capacity Share (%), 2011 .....................................................149 Table 71: Purified Terephthalic Acid, Spain, Demand and Production by Volume (Tons), 2000–2020......151 Table 72: Purified Terephthalic Acid, Spain, Demand by End-Use (Tons), 2000–2020 .............................153 Table 73: Purified Terephthalic Acid, Spain, Import and Export by Volume (Tons), 2000–2020 ...............155 Table 74: Purified Terephthalic Acid, Spain, Average Price ($/Ton), 2000–2020 .....................................157 Table 75: Purified Terephthalic Acid, The UK, Demand and Production by Volume (Tons), 2000–2020 ...159 Table 76: Purified Terephthalic Acid, The UK, Demand by End-Use (Tons), 2000–2020...........................161 Table 77: Purified Terephthalic Acid, The UK, Import and Export by Volume (Tons), 2000–2020.............163 Table 78: Purified Terephthalic Acid, The UK, Average Price ($/Ton), 2000–2020...................................165 Table 79: Purified Terephthalic Acid, Russia, Demand and Production by Volume (Tons), 2000–2020.....167 Table 80: Purified Terephthalic Acid, Russia, Demand by End-Use (Tons), 2000–2020............................169 Table 81: Purified Terephthalic Acid, Russia, Import and Export by Volume (Tons), 2000–2020..............171 Table 82: Purified Terephthalic Acid, Russia, Average Price ($/Ton), 2000–2020 ....................................173 Table 83: Purified Terephthalic Acid, Russia, Capacity Share (%), 2011 ..................................................174 Table 84: Purified Terephthalic Acid, Poland, Demand and Production by Volume (Tons), 2000–2020....176 Table 85: Purified Terephthalic Acid, Poland, Demand by End-Use (Tons), 2000–2020...........................178 Table 86: Purified Terephthalic Acid, Poland, Import and Export by Volume (Tons), 2000–2020.............180 Table 87: Purified Terephthalic Acid, Poland, Average Price ($/Ton), 2000–2020 ...................................182 Table 88: Purified Terephthalic Acid, France, Demand and Production by Volume (Tons), 2000–2020....184 Table 89: Purified Terephthalic Acid, France, Demand by End-Use (Tons), 2000–2020 ...........................186 Table 90: Purified Terephthalic Acid, France, Import and Export by Volume (Tons), 2000–2020 .............188 Table 91: Purified Terephthalic Acid, France, Average Price ($/Ton), 2000–2020 ...................................190 Table 92: Purified Terephthalic Acid, South and Central America, Demand and Production by Volume

(Tons), 2000–2020 ................................................................................................................193 Table 93: Purified Terephthalic Acid, South and Central America, Demand by End-Use (Tons), 2000–2020

.............................................................................................................................................195 Table 94: Purified Terephthalic Acid, South and Central America, Demand by Country (Tons), 2011–2020

.............................................................................................................................................196 Table 95: Purified Terephthalic Acid, South and Central America, Capacity Share (%), 2011 ...................197 Table 96: Purified Terephthalic Acid, Mexico, Demand and Production by Volume (Tons), 2000–2020...199 Table 97: Purified Terephthalic Acid, Mexico, Demand by End-Use (Tons), 2000–2020 ..........................201 Table 98: Purified Terephthalic Acid, Mexico, Import and Export by Volume (Tons), 2000–2020 ............203 Table 99: Purified Terephthalic Acid, Mexico, Average Price ($/Ton), 2000–2020...................................205 Table 100: Purified Terephthalic Acid, Brazil, Demand and Production by Volume (Tons), 2000–2020......207 Table 101: Purified Terephthalic Acid, Brazil, Demand by End-Use (Tons), 2000–2020 .............................209 Table 102: Purified Terephthalic Acid, Brazil, Import and Export by Volume (Tons), 2000–2020 ...............211 Table 103: Purified Terephthalic Acid, Brazil, Average Price ($/Ton), 2000–2020 .....................................213 Table 104: Purified Terephthalic Acid, Brazil, Capacity Share (%), 2011....................................................214 Table 105: Purified Terephthalic Acid, Argentina, Demand and Production by Volume (Tons), 2000–2020

.............................................................................................................................................216



Table of Contents

Table 106: Purified Terephthalic Acid, Argentina, Demand by End-Use (Tons), 2000–2020.......................218 Table 107: Purified Terephthalic Acid, Argentina, Import and Export by Volume (Tons), 2000–2020 ........220 Table 108: Purified Terephthalic Acid, Argentina, Average Price ($/Ton), 2000–2020...............................222 Table 109: Purified Terephthalic Acid, Middle East and Africa, Demand and Production by Volume (Tons),

2000–2020 ...........................................................................................................................225 Table 110: Purified Terephthalic Acid, The Middle East and Africa, Demand by End-Use (Tons), 2000–2020

.............................................................................................................................................227 Table 111: Purified Terephthalic Acid, The Middle East and Africa, Demand by Country (Tons), 2011–2020

.............................................................................................................................................228 Table 112: PTA, The Middle East and Africa, Capacity Share (%), 2011.....................................................229 Table 113: Purified Terephthalic Acid, Iran, Demand and Production by Volume (Tons), 2000–2020 ........231 Table 114: Purified Terephthalic Acid, Iran, Demand by End-Use (Tons), 2000–2020................................233 Table 115: Purified Terephthalic Acid, Iran, Import and Export by Volume (Tons), 2000–2020 .................235 Table 116: Purified Terephthalic Acid, Iran, Average Price ($/Ton), 2000–2020........................................237 Table 117: Purified Terephthalic Acid, Iran, Capacity Share (%), 2011......................................................238 Table 118: Purified Terephthalic Acid, Saudi Arabia, Demand and Production by Volume (Tons), 2000–2020

.............................................................................................................................................240 Table 119: Purified Terephthalic Acid, Saudi Arabia, Demand by End-Use (Tons), 2000–2020 ..................242 Table 120: Purified Terephthalic Acid, Saudi Arabia, Import and Export by Volume (Tons), 2000–2020 ....244 Table 121: Purified Terephthalic Acid, Saudi Arabia, Average Price ($/Ton), 2000–2020...........................246 Table 122: Purified Terephthalic Acid, Saudi Arabia, Capacity Share (%), 2011.........................................247



Table of Contents

1.2 List of Figures

Figure 1: Purified Terephthalic Acid, Chemical Structure ........................................................................17 Figure 2: Purified Terephthalic Acid, Global, Demand Growth by Region (Tons), 2011–2020 ...................18 Figure 3: Purified Terephthalic Acid, Global, Demand and Production by Volume (Tons), 2000–2020 ......20 Figure 4: Purified Terephthalic Acid, Global, Demand by End Use (Tons), 2000–2020..............................22 Figure 5: Purified Terephthalic Acid, Global, Demand by Region (%), 2011–2020 ....................................24 Figure 6: Purified Terephthalic Acid, Global, Capacity Share (%), 2011 ....................................................25 Figure 7: Purified Terephthalic Acid, Asia-Pacific, Demand and Production by Volume (Tons), 2000–2020

...............................................................................................................................................27 Figure 8: Purified Terephthalic Acid, Asia-Pacific, Demand by End-Use (Tons), 2000–2020 ......................29 Figure 9: Purified Terephthalic Acid, Asia-Pacific, Demand by Country (%), 2011–2020 ...........................31 Figure 10: Purified Terephthalic Acid, Asia-Pacific, Capacity Shares (%), 2011 ...........................................32 Figure 11: Purified Terephthalic Acid, China, Demand and Production by Volume (Tons), 2000–2020........37 Figure 12: Purified Terephthalic Acid, China, Demand by End-Use (Tons), 2000–2020...............................39 Figure 13: Purified Terephthalic Acid, China, Import and Export by Volume (Tons), 2000–2020.................41 Figure 14: Purified Terephthalic Acid, China, Average Price ($/Ton), 2000–2020 .......................................43 Figure 15: Purified Terephthalic Acid, China, Capacity Share (%), 2011 .....................................................45 Figure 16: Purified Terephthalic Acid, India, Demand and Production by Volume (Tons), 2000–2020.........46 Figure 17: Purified Terephthalic Acid, India, Demand by End-Use (Tons), 2000–2020................................48 Figure 18: Purified Terephthalic Acid, India, Import and Export by Volume (Tons), 2000–2020..................50 Figure 19: Purified Terephthalic Acid, India, Average Price ($/Ton), 2000–2020 ........................................52 Figure 20: Purified Terephthalic Acid, India, Capacity Share (%), 2011 ......................................................54 Figure 21: Purified Terephthalic Acid, South Korea, Demand and Production by Volume (Tons), 2000–2020

...............................................................................................................................................55 Figure 22: Purified Terephthalic Acid, South Korea, Demand by End-Use (Tons), 2000–2020.....................57 Figure 23: Purified Terephthalic Acid, South Korea, Import and Export by Volume (Tons), 2000–2020.......59 Figure 24: Purified Terephthalic Acid, South Korea, Average Price ($/Ton), 2000–2020 .............................61 Figure 25: Purified Terephthalic Acid, South Korea, Capacity Share (%), 2011 ...........................................63 Figure 26: Purified Terephthalic Acid, Taiwan, Demand and Production by Volume (Tons), 2000–2020 .....64 Figure 27: Purified Terephthalic Acid, Taiwan, Demand by End-Use (Tons), 2000–2020.............................66 Figure 28: Purified Terephthalic Acid, Taiwan, Import and Export by Volume (Tons), 2000–2020...............68 Figure 29: Purified Terephthalic Acid, Taiwan, Average Price ($/Ton), 2000–2020.....................................70 Figure 30: Purified Terephthalic Acid, Taiwan, Capacity Share (%), 2011...................................................72 Figure 31: Purified Terephthalic Acid, Thailand, Demand and Production by Volume (Tons), 2000–2020...73 Figure 32: Purified Terephthalic Acid, Thailand, Demand by End-Use (Tons), 2000–2020 ..........................75 Figure 33: Purified Terephthalic Acid, Thailand, Import and Export by Volume (Tons), 2000–2020 ............77 Figure 34: Purified Terephthalic Acid, Thailand, Average Price ($/Ton), 2000–2020...................................79 Figure 35: Purified Terephthalic Acid, Thailand, Capacity Share (%), 2011.................................................81 Figure 36: Purified Terephthalic Acid, Japan, Demand and Production by Volume (Tons), 2000–2020 .......82 Figure 37: Purified Terephthalic Acid, Japan, Demand by End-Use (Tons), 2000–2020...............................84 Figure 38: Purified Terephthalic Acid, Japan, Import and Export by Volume (Tons), 2000–2020.................86 Figure 39: Purified Terephthalic Acid, Japan, Average Price ($/Ton), 2000–2020.......................................88 Figure 40: Purified Terephthalic Acid, Japan, Capacity share (%), 2011......................................................90 Figure 41: Purified Terephthalic Acid, Malaysia, Demand and Production by Volume (Tons), 2000–2020...91 Figure 42: Purified Terephthalic Acid, Malaysia, Demand by End-Use (Tons), 2000–2020 ..........................93 Figure 43: Purified Terephthalic Acid, Malaysia, Import and Export by Volume (Tons), 2000–2020............95 Figure 44: Purified Terephthalic Acid, Malaysia, Average Price ($/Ton), 2000–2020 ..................................97 Figure 45: Purified Terephthalic Acid, North America, Demand and Production by Volume (Tons), 2000–

2020.....................................................................................................................................100 Figure 46: Purified Terephthalic Acid, North America, Demand by End-Use (Tons), 2000–2020 ...............102 Figure 47: Purified Terephthalic Acid, North America, Demand by Country (%), 2011–2020 ....................104 Figure 48: Purified Terephthalic Acid, North America, Capacity Share (%), 2011......................................105 Figure 49: Purified Terephthalic Acid, The US, Demand and Production by Volume (Tons), 2000–2020....106 Figure 50: Purified Terephthalic Acid, The US, Demand by End-Use (Tons), 2000–2020...........................108 Figure 51: Purified Terephthalic Acid, The US, Import and Export by Volume (Tons), 2000–2020.............110 Figure 52: Purified Terephthalic Acid, The US, Average Price ($/Ton), 2000–2020 ...................................112 Figure 53: Purified Terephthalic Acid, The US, Capacity Share (%), 2011 .................................................114 Figure 54: Purified Terephthalic Acid, Canada, Demand and Production by Volume (Tons), 2000–2020...115



Table of Contents

Figure 55: Purified Terephthalic Acid, Canada, Demand by End-Use (Tons), 2000–2020 ..........................117 Figure 56: Purified Terephthalic Acid, Canada, Import and Export by Volume (Tons), 2000–2020 ............119 Figure 57: Purified Terephthalic Acid, Canada, Average Price ($/Ton), 2000–2020 ..................................121 Figure 58: Purified Terephthalic Acid, Canada, Capacity Share (%), 2011.................................................123 Figure 59: Purified Terephthalic Acid, Europe, Demand and Production by Volume (Tons), 2000–2020 ...126 Figure 60: Purified Terephthalic Acid, Europe, Demand by End-Use (Tons), 2000–2020...........................128 Figure 61: Purified Terephthalic Acid, Europe, Demand by Country (%), 2011–2020................................130 Figure 62: Purified Terephthalic Acid, Europe, Capacity Share (%), 2011.................................................131 Figure 63: Purified Terephthalic Acid, Germany, Demand and Production by Volume (Tons), 2000–2020 133 Figure 64: Purified Terephthalic Acid, Germany, Demand by End-Use (Tons), 2000–2020 .......................135 Figure 65: Purified Terephthalic Acid, Germany, Import and Export by Volume (Tons), 2000–2020 .........137 Figure 66: Purified Terephthalic Acid, Germany, Average Price ($/Ton), 2000–2020................................139 Figure 67: Purified Terephthalic Acid, Italy, Demand and Production by Volume (Tons), 2000–2020........141 Figure 68: Purified Terephthalic Acid, Italy, Demand by End-Use (Tons), 2000–2020...............................143 Figure 69: Purified Terephthalic Acid, Italy, Import and Export by Volume (Tons), 2000–2020.................145 Figure 70: Purified Terephthalic Acid, Italy, Average Price ($/Ton), 2000–2020 .......................................147 Figure 71: Purified Terephthalic Acid, Italy, Capacity Share (%), 2011 .....................................................149 Figure 72: Purified Terephthalic Acid, Spain, Demand and Production by Volume (Tons), 2000–2020......150 Figure 73: Purified Terephthalic Acid, Spain, Demand by End-Use (Tons), 2000–2020 .............................152 Figure 74: Purified Terephthalic Acid, Spain, Import and Export by Volume (Tons), 2000–2020 ...............154 Figure 75: Purified Terephthalic Acid, Spain, Average Price ($/Ton), 2000–2020 .....................................156 Figure 76: Purified Terephthalic Acid, The UK, Demand and Production by Volume (Tons), 2000–2020 ...158 Figure 77: Purified Terephthalic Acid, The UK, Demand by End-Use (Tons), 2000–2020...........................160 Figure 78: Purified Terephthalic Acid, The UK, Import and Export by Volume (Tons), 2000–2020.............162 Figure 79: Purified Terephthalic Acid, The UK, Average Price ($/Ton), 2000–2020...................................164 Figure 80: Purified Terephthalic Acid, Russia, Demand and Production by Volume (Tons), 2000–2020.....166 Figure 81: Purified Terephthalic Acid, Russia, Demand by End-Use (Tons), 2000–2020............................168 Figure 82: Purified Terephthalic Acid, Russia, Import and Export by Volume (Tons), 2000–2020..............170 Figure 83: Purified Terephthalic Acid, Russia, Average Price ($/Ton), 2000–2020 ....................................172 Figure 84: Purified Terephthalic Acid, Russia, Capacity Share (%), 2011 ..................................................174 Figure 85: Purified Terephthalic Acid, Poland, Demand and Production by Volume (Tons), 2000–2020....175 Figure 86: Purified Terephthalic Acid, Poland, Demand by End-Use (Tons), 2000–2020...........................177 Figure 87: Purified Terephthalic Acid, Poland, Import and Export by Volume (Tons), 2000–2020.............179 Figure 88: Purified Terephthalic Acid, Poland, Average Price ($/Ton), 2000–2020 ...................................181 Figure 89: Purified Terephthalic Acid, France, Demand and Production by Volume (Tons), 2000–2020....183 Figure 90: Purified Terephthalic Acid, France, Demand by End-Use (Tons), 2000–2020 ...........................185 Figure 91: Purified Terephthalic Acid, France, Import and Export by Volume (Tons), 2000–2020 .............187 Figure 92: Purified Terephthalic Acid, France, Average Price ($/Ton), 2000–2020 ...................................189 Figure 93: Purified Terephthalic Acid, South and Central America, Demand and Production by Volume

(Tons), 2000–2020 ................................................................................................................192 Figure 94: Purified Terephthalic Acid, South and Central America, Demand by End-Use (Tons), 2000–2020

.............................................................................................................................................194 Figure 95: Purified Terephthalic Acid, South and Central America, Demand by Country (%), 2011–2020..196 Figure 96: Purified Terephthalic Acid, South and Central America, Capacity Share (%), 2011 ...................197 Figure 97: Purified Terephthalic Acid, Mexico, Demand and Production by Volume (Tons), 2000–2020...198 Figure 98: Purified Terephthalic Acid, Mexico, Demand by End-Use (Tons), 2000–2020 ..........................200 Figure 99: Purified Terephthalic Acid, Mexico, Import and Export by Volume (Tons), 2000–2020 ............202 Figure 100: Purified Terephthalic Acid, Mexico, Average Price ($/Ton), 2000–2020...................................204 Figure 101: Purified Terephthalic Acid, Brazil, Demand and Production by Volume (Tons), 2000–2020......206 Figure 102: Purified Terephthalic Acid, Brazil, Demand by End-Use (Tons), 2000–2020 .............................208 Figure 103: Purified Terephthalic Acid, Brazil, Import and Export by Volume (Tons), 2000–2020 ...............210 Figure 104: Purified Terephthalic Acid, Brazil, Average Price ($/Ton), 2000–2020 .....................................212 Figure 105: Purified Terephthalic Acid, Brazil, Capacity Share (%), 2011....................................................214 Figure 106: Purified Terephthalic Acid, Argentina, Demand and Production by Volume (Tons), 2000–2020

.............................................................................................................................................215 Figure 107: Purified Terephthalic Acid, Argentina, Demand by End-Use (Tons), 2000–2020.......................217 Figure 108: Purified Terephthalic Acid, Argentina, Import and Export by Volume (Tons), 2000–2020 ........219 Figure 109: Purified Terephthalic Acid, Argentina, Average Price ($/Ton), 2000–2020...............................221



Table of Contents

Figure 110: Purified Terephthalic Acid, The Middle East and Africa, Demand and Production by Volume (Tons), 2000–2020 ................................................................................................................224

Figure 111: Purified Terephthalic Acid, The Middle East and Africa, Demand by End-Use (Tons), 2000–2020.............................................................................................................................................226

Figure 112: Purified Terephthalic Acid, The Middle East and Africa, Demand by Country (%), 2011–2020..228 Figure 113: PTA, The Middle East and Africa, Capacity Share (%), 2011.....................................................229 Figure 114: Purified Terephthalic Acid, Iran, Demand and Production by Volume (Tons), 2000–2020 ........230 Figure 115: Purified Terephthalic Acid, Iran, Demand by End-Use (Tons), 2000–2020................................232 Figure 116: Purified Terephthalic Acid, Iran, Import and Export by Volume (Tons), 2000–2020 .................234 Figure 117: Purified Terephthalic Acid, Iran, Average Price ($/Ton), 2000–2020........................................236 Figure 118: Purified Terephthalic Acid, Iran, Capacity Share (%), 2011......................................................238 Figure 119: Purified Terephthalic Acid, Saudi Arabia, Demand and Production by Volume (Tons), 2000–2020

.............................................................................................................................................239 Figure 120: Purified Terephthalic Acid, Saudi Arabia, Demand by End-Use (Tons), 2000–2020 ..................241 Figure 121: Purified Terephthalic Acid, Saudi Arabia, Import and Export by Volume (Tons), 2000–2020 ....243 Figure 122: Purified Terephthalic Acid, Saudi Arabia, Average Price ($/Ton), 2000–2020...........................245 Figure 123: Purified Terephthalic Acid, Saudi Arabia, Capacity Share (%), 2011.........................................247



Introduction

2 Introduction

Purified Terephthalic Acid (PTA) is a white crystalline solid, which is produced through the oxidation of paraxylene in the presence of a catalyst. To be used in the manufacturing of polyester fiber, it is purified through the processes of hydrogenation, crystallization, centrifuging and dying. At a global level, XX tons of PTA was consumed in 2011. More than XX% of PTA was used for the manufacturing of polyester fiber. Polyester fiber finds applications in various industries, including apparel, home furnishings and equipment. Approximately XX% of total PTA demand was for the production of PET, which is used in the bottling industry and for audio and video tapes. The figure below illustrates the structure of PTA.

Figure 1: Purified Terephthalic Acid, Chemical Structure

Source: GBI Research

At a global level, XX tons of PTA was consumed in 2011



Global Purified Terephthalic Acid Market

3.7 Global Purified Terephthalic Acid Market Competitive Landscape

The global PTA market is highly fragmented, with the leading five companies accounting for less than XX% of global PTA production capacity in 2011. BP p.l.c., China Petroleum and Chemical Corporation, Alfa, S.A.B. de C.V., Zhejiang Yisheng Petrochemical Co, Ltd., and Formosa Plastics Group were among the major players with substantial PTA production ownership in 2011 at a global level, accounting for XX%, XX%, XX%, XX% and XX%, respectively.

Zhejiang Yuandong Chemical Fiber Group and Polski Koncern Naftowy Orlen SA were among other major players at a global level, which had ownership of substantial PTA production capacity in 2011.

The following chart shows the global capacity share by volume for companies in the PTA market in 2011.

Figure 6: Purified Terephthalic Acid, Global, Capacity Share (%), 2011

BP p.l.c.

China Petroleum & Chemical

Corporation

Alfa, S.A.B. de C.V.

Zhejiang Yisheng Petrochemical

Co.,Ltd.

Formosa Plastics Group

Others

Source: GBI Research Chemicals Capacity Database [Accessed on February 15, 2013]

The following table provides the global PTA demand share statistics for the major countries in the global market in 2011.

Table 4: Purified Terephthalic Acid, Global, Capacity Share (%), 2011

Company name Capacity share (%)

BP p.l.c.

China Petroleum & Chemical Corporation

Alfa, S.A.B. de C.V.

Zhejiang Yisheng Petrochemical Co.,Ltd.

Formosa Plastics Group

Others

Total

Source: GBI Research Chemicals Capacity Database [Accessed on February 15, 2013]



Asia-Pacific Purified Terephthalic Acid Market

4.4 Asia-Pacific Purified Terephthalic Acid Demand and Production Analysis and Forecast to 2020

Demand for PTA in the Asia-Pacific region amounted to XX tons in 2000. As a result of the high growth of markets in developing countries, PTA demand in the Asia-Pacific region increased at a high CAGR of XX% between 2000 and 2011 to reach XX tons in 2011. China, India, South Korea and Taiwan have largely been responsible for the growth of the PTA market in Asia-Pacific over the last decade.

In the future, PTA demand is expected to increase at a CAGR of XX% between 2011 and 2020 to reach XX tons. China and India are expected to be major contributors to PTA demand growth during the forecast period as well, with CAGRs of almost XX% each. The PTA market in other countries in the Asia-Pacific region is expected to grow at a nominal growth rate of around XX–XX% CAGR over the forecast period.

The following figure illustrates PTA demand and production trends in the Asia-Pacific region from 2000 to 2020.

Figure 7: Purified Terephthalic Acid, Asia-Pacific, Demand and Production by Volume (Tons), 2000–2020

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Dem

and

and

Pro

duct

ion

(Ton

s)

Demand Production

Source: GBI Research, Chemicals Market Database [Accessed on February 15, 2013]; APIC, 2011a–e; UNComtrade, 2011; KPIA, 2008; JPCA, 2011

The production of PTA in Asia-Pacific amounted to XX tons in 2000, and increased at a CAGR of XX% to reach XX tons in 2011. Overall PTA production remained slightly lower than domestic demand until 2007. The additional capacity installations made in the developing countries of South Korea, China and India were responsible for PTA production exceeding regional demand after 2007.

The information currently available indicates that PTA production capacities are expected to be more than sufficient to satisfy domestic demand over the forecast period, based on the available and upcoming installed capacities in the region. GBI Research estimates that the production of PTA in the Asia-Pacific region will grow at a CAGR of XX% between 2011 and 2020 to reach XX tons in 2020.




4.10.3 India Purified Terephthalic Acid Demand Analysis by End-Use and Forecast to 2020

Most of the PTA demand in India is generated by the polyester fiber manufacturing industry, which accounted for XX tons or approximately XX% of national PTA demand in 2011. For PET production, XX tons of PTA was consumed in 2011. Other applications consumed a combined total of XX tons of PTA.

The following figure illustrates the PTA demand shares held by major end-use sectors in India for the 2000–2020 period.

Figure 17: Purified Terephthalic Acid, India, Demand by End-Use (Tons), 2000–2020

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Dem

and

by E

nd U

se (T

ons)

Polyester Fiber Polyethylene Terephthalate(PET) Others

Source: GBI Research Chemicals Market Database [Accessed on February 15, 2013]; UNComtrade, 2011; APIC, 2011b

The steady shift of the global textiles industry towards the less developed economies of the Asia-Pacific region is likely to have an impact on exports in India’s downstream sub-sectors of the textile industry, such as fabric mills, yarn, trim, packaging and printing. This will result slow down the growth in demand for polyester fiber, leading to a slow demand growth for PTA compared to PET for polyester fiber production. Also, with a preference for PET over glass in bottles and container manufacturing, demand for PET is expected to increase, also resulting in an increase in PTA demand. Therefore, the share of polyester fiber as an end-use product of PTA is expected to fall from 2011 to 2020 while the share of PET is expected to increase in the same period. The expected demand for PTA for polyester fiber production, PET production and other applications is expected to be XX tons, XX tons and XX tons respectively in 2020.




4.12.5 Taiwan Purified Terephthalic Acid Price Analysis and Forecast to 2020

The annual average price of PTA in Taiwan was $XX/ton in 2000, increasing to $XX/ton in 2011. A price hike of almost XX% was recorded in 2010, followed by an increase of almost XX% in 2011. These sharp increases in prices were seen due to the market rebounding after the global recession and this price trend was visible across the Asia-Pacific region. Being a net exporter, the average price of PTA was heavily affected by the demand from PTA-importing countries, which witnessed constant fluctuations over the historic period. In 2012, PTA prices declined at a rate of XX% due to weakening downstream demand following the worsening of the Eurozone crisis. The PTA capacity additions by PTA-importing countries also decreased the gap between their demand and supply, leading to reduced imports. This impacted Taiwan’s exports and brought the prices down.

The PTA market is expected to bounce back marginally and stabilize in the forecast period, with high fluctuation seeming unlikely in the near future. The average annual price of PTA in Taiwan is expected to reach $XX/ton in 2020.

The following figure illustrates PTA price trends in Taiwan from 2000 to 2020.

Figure 29: Purified Terephthalic Acid, Taiwan, Average Price ($/Ton), 2000–2020 20

00

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Pric

e ($

/Ton

)

Source: GBI Research, Chemicals Pricing Database [Accessed on February 15, 2013]



Appendix

9 Appendix

9.1 Abbreviations

APIC: The Asia Petrochemical Industry Conference

APLA: Associación Petroquímica y Química Latinoamericana

CAGR: Compound Annual Growth Rate

CNPC: China National Petroleum Corporation

CPCC: China Petroleum & Chemical Corporation

JPCA: Japan Petrochemical Industry Association

KPIA: Korea Petrochemical Industry Association

PTA: Purified Terephthalic Acid

PET: Polyethylene Terephthalate

PX: Paraxylene

UNComtrade: The United Nations Commodity Trade Statistics Database

USITC: United States International Trade Commission

9.2 Market Definitions

Asia-Pacific in this report refers only to China, Japan, India, Taiwan, Thailand, South Korea, and Malaysia.

North America in this report refers only to the US and Canada.

Europe in this report refers only to Germany, France, Italy, Russia, Poland, Spain and the UK.

South and Central America in this report refers only to Brazil, Mexico and Argentina.

The Middle East in this report refers only to Iran and Saudi Arabia.

9.3 Bibliography

APIC (2011a). Japanese Petrochemical Industry Data [database]. The Asia Petrochemical Industry Conference. Available from: http://www.apic-online.org/countrydata_japan.htm [Accessed on: February 15, 2013]

APIC (2011b). Indian Petrochemical Industry Data [database]. The Asia Petrochemical Industry Conference. Available from: http://www.apic-online.org/countrydata_India.htm [Accessed on: February 15, 2013]

APIC (2011c). South Korean Petrochemical Industry Data [database]. The Asia Petrochemical Industry Conference. Available from: http://www.apic-online.org/countrydata_Korea.htm [Accessed on: February 15, 2013]

APIC (2011d). Thailand Petrochemical Industry Data [database]. The Asia Petrochemical Industry Conference. Available from: http://www.apic-online.org/countrydata_Thailand.htm [Accessed on: February 15, 2013]

APIC (2011e). Malaysia Petrochemical Industry Data [database]. The Asia Petrochemical Industry Conference. Available from: http://www.apic-online.org/countrydata_Malaysia.htm [Accessed on: February 15, 2013]

APLA (2011). Latin American Petrochemical Yearbook 2011–2012. Associación Petroquímica y Química Latinoamericana. Available from: http://www.apla.com.ar/en-servicios.php?categoria=1&id=6 [Accessed on: February 15, 2013]



Appendix

Eurostat (2011). Eight major markets, 2000–2011, DRCCODE: 20141270 (Purified Terephthalic Acid), Production Quantity; Demand; Import; Export. European Commission. Available from: http://epp.eurostat.ec.europa.eu/newxtweb/executequery.do# [Accessed on February 15, 2013]

JPCA (2011). Japanese Petrochemical Industry Data [database]. Japan Petrochemical Industry Association. Available from: http://www.jpca.or.jp/english/index.htm [Accessed on: February 15, 2013]

KPIA (2008). South Korean Petrochemical Industry Data [database]. Korea Petrochemical Industry Association. Available from: http://www.kpia.or.kr/eng/statistics/sta_01.html [Accessed on: February 15, 2013]

Plastic Technologies (2011). PET Industry. Plastic technologies. Available from: http://www.plastictechnologies.com/company/history/pet_industry/ [Accessed on: July 01, 2013]

UNComtrade (2011). The 2011 International Trade Statistics Yearbook. The United Nations Commodity Trade Statistics Database. Available from: http://comtrade.un.org/pb/ [Accessed on: February 15, 2013]

USITC (2011). US Petrochemical Industry Data [database]. United States International Trade Commission. Available from: http://dataweb.usitc.gov/scripts/INTRO.asp [Accessed on: February 15, 2013]

9.4 Methodology

GBI Research’s dedicated research and analysis teams consist of experienced professionals with pedigrees in marketing, market research, consulting backgrounds in the energy industry and advanced statistical expertise.

GBI Research adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and the Strategic and Competitive Intelligence Professionals (www.scip.org).

All GBI Research databases are continuously updated and revised.

9.4.1 Coverage

The objective of updating GBI Research’s coverage is to ensure that it represents the most up to date vision of the industry possible.

Changes to the industry taxonomy are built based on extensive research of company, association and competitor sources.

Company coverage is based on three key factors: market capitalization, revenues and media attention/innovation/ market potential.

The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage.

Companies which are making the news, or which are of particular interest due to their innovative approach are prioritized.

9.4.2 Secondary Research

The research process begins with exhaustive secondary research on internal and external sources being carried out to source qualitative and quantitative information relating to each market.

The secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and US Securities and Exchanges Commission (SEC) filings

Industry trade journals and other literature

Internal and external proprietary databases

National government documents, statistical databases and market reports



Appendix

News articles, press releases and web-casts specific to the companies operating in the market

9.4.3 Primary Research

GBI Research conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfills the following functions:

It provides first-hand information on the market size, market trends, growth trends, competitive landscape and future outlook.

Helps in validating and strengthening secondary research findings.

Further develops the analysis team’s expertise and market understanding.

Primary research involves e-mail correspondence and telephone interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

The participants who typically take part in such a process include, but are not limited to:

Industry participants: CEOs, VPs, business development managers, market intelligence managers and national demand managers.

Outside experts: investment bankers, valuation experts, research analysts and key opinion leaders specializing in chemical markets.

9.4.4 Expert Panel Validation

GBI Research uses a panel of experts to cross-verify research and forecast methodologies and drive its analytical content.

The GBI Research expert panel comprises marketing managers, product specialists, and international demand managers from leading chemical companies, worldwide.

9.6 Disclaimer

All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GBI Research.

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