Terephthalic acid Prices, Trends & Forecasts | Provided by Procurement Resource

Terephthalic acid Prices, Trends & Forecasts | Provided by Procurement Resource

March 19, 2024

Terephthalic acid (C6H4(CO2H)2) is an organic crystalline acid that is white in color and is primarily used as a precursor to polyester PET. The compound comprises eight carbon, six hydrogen, and four oxygen atoms, with a molar mass of 166.132 g-mol -1. The compound is insoluble in water, slightly soluble in hot ethanol, and completely soluble in alkali solutions.

Along with water, it is also soluble in some of the common solvents, such as acetic acid, chloroform, and ether. The melting point of the compound measures around 300° C. The chemical is synthesized commercially by the Amoco process, where p-xylene undergoes catalytic oxidation to attain Terephthalic acid as the product. It is widely used to manufacture PET which has various commercial utilizations.

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The primary importing countries for Terephthalic acid enlist the United States, India, and Pakistan. On the other hand, the primary exporting countries include Mexico, South Korea, and India.

Key Details About the 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 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 Terephthalic acid Price chart, including India Terephthalic acid price, USA Terephthalic acid price, 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 Terephthalic acid Price Trend:

Terephthalic acid is an organic chemical that is widely used as a precursor to polyester PET. It produces various polyester fibers based on PTA that exhibit fine characteristics such as easy to care for, wash, and use. The material can be used in its natural form as well as blended along with other synthetic materials to be used commercially. It is used as a carrier in the production of paint, which adds corrosion and stain resistance to the coating materials.

Additionally, Terephthalic acid is used as a raw material to manufacture various plastics, mainly dibutyl terephthalate and dioctyl terephthalate. The acid is being used at the research labs for the synthesis of metal-organic frameworks as well as certain drugs that are utilized by the pharmaceutical sectors.

Key Players:

  • BP
  • China Petrochemical (Sinopec Group)
  • Mitsubishi Chemical Holdings
  • Reliance Industries
  • Eastman

News & Recent Development

  • Date: March 9,2023- The Indian Oil Corporation plans to build a paraxylene and Purified Terephthalic acid (PX-PTA) unit in Odisha, with a capacity of 1.2 MMTPA. The project costs around 13,805 Crore and is expected to be completed by January 2024.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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