Purified Terephthalic Acid Market Size, Share, and Growth Analysis

Purified Terephthalic Acid Market By Application (PET Resins, Polyester Fiber), By End Use (Textile, Automotive), By Production Process (Paraxylene Route, Naphtha Route), By Region -Industry Forecast 2025-2032


Report ID: SQMIG15E2567 | Region: Global | Published Date: January, 2025
Pages: 177 |Tables: 92 |Figures: 72

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Purified Terephthalic Acid Market Insights

Global Purified Terephthalic Acid Market size was valued at USD 61.78 Billion in 2023 and is poised to grow from USD 64.93 Billion in 2024 to USD 96.66 Billion by 2032, growing at a CAGR of 5.1% in the forecast period (2025-2032).

An increase in the use of polyester fibers due to its blending properties with other natural as well as synthetic fibers is expected to drive the demand of purified terephthalic acid during the forecast period. High usage of polyester films in photographic films, data storage tapes, and sheet material due to its toughness and dimensional stability is boosting the market growth. The increasing use of purified terephthalic acid in the making of carbonated plastic bottles due to its strength and toughness is likely to drive the growth of this industry. Furthermore, the increasing consumption of PTA based polyester fiber because of its high strength, quick-dry, and high chemical & wrinkle resistance is expected to boost the product demand during the forecast period.

The market is anticipated to be driven during the forecast period by the increasing demand of the paint and coatings industry due to its high efficacy. Furthermore, the rise in government expenditure together with growing coating, textile and packaging industries in countries like China, India, Mexico and Saudi Arabia are likely to boost market growth. The expansion of food & beverages as well as pharmaceutical packaging is also contributing to the growth of the market. The expansion is also expected to be boosted by the increasing adoption of unsaturated polyester resin (UPR) across a variety of industries such as construction, marine, transport, wind energy, and electrical, where it’s highly efficient, cost-effective, and eco-friendly.

Market snapshot - (2025-2032)

Global Market Size

USD 61.78 Billion

Largest Segment

PET Resins

Fastest Growth

Polyester Fiber

Growth Rate

5.1% CAGR

Global Purified Terephthalic Acid Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Purified Terephthalic Acid Market Segments Analysis

The global purified terephthalic acid market is segmented into application, production process, end use, and region. Based on application, the market is segmented into PET resins, polyester fiber, films, and others. Based on production process, the market is segmented into paraxylene route and naphtha route. Based on end use, the market is segmented into textile, bottling & packaging, home furnishing, automotive, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Analysis by Application

Based on application, the PET resin segment is dominating the market with the largest purified terephthalic acid market share. Pet resin is getting widely accepted from the packaging industry because it has higher strength and stiffness than PBT, which is increasing the demand for this substance. In addition to that, the property characteristics of PET resin that are useful in textiles industries such as stability, recyclability impact & thermal resistance and some other are helping in the expansion of the market. Furthermore, the rising use of PET resin to produce door panels, car interior panels, and trims in the automobile industry has also stimulated industrial development. Moreover, the growing use of PET resin in the manufacture of packing electronic chips is expected to propel the growth of purified terephthalic acid market in the coming years.

The polyester fiber segment is expected to grow at a significant CAGR during the forecast period.  The market growth was driven by the increasing use of polyester fiber for manufacturing upholstery of furniture including sofas and chairs. Furthermore, the increasing utilization of polyester fiber by the textile industries for the production of jackets, trousers, shirts, jackets and others is expected to drive the market growth. Furthermore, the intensifying use of polyester fibers in the making of optical mouse pads, car tire reinforcements, conveyor belts, bottles and a few others has fostered industrial development. Moreover, the rising use of polyester fabrics for manufacturing dielectric films, tarpaulin, and LCDs, insulating tapes, and others, coupled with its increased use in home furnishing products such as methylated spirits, are likely to increase the growth of the purified terephthalic acid market during the forecast period.

Analysis by End Use

Based on end use, the textile segment is dominating the purified terephthalic acid market. As a result of societal events like parties, events, and ceremonies the popularity for designer clothes is growing thus resulting in an increased adoption for PTA. In addition, the rising demand of PTA in the textile industry for polyester staple fiber and yarn production is expected to increase the growth of the market. The demand for PTA has also risen due to growing consumption of polyester jackets and trousers and will boost the purified terephthalic market growth during the forecast past. Moreover, demand for PTA has also increased because of increasing usage of polyester jackets and trousers. In addition, the growth in the textile industries more so with increased drive by the government of various countries to promote green movements enhances market growth.

As per purified terephthalic acid market analysis, automotive segment is experiencing tremendous growth and opportunities in recent years. The increase in the segment is mainly due to the fact that they provide high performance, quality, and durability of the products, which meet the expectations of the consumers in automotive interiors. Due to consumer demands of automobiles with strong and durable components, the automotive industry has begun to integrate purified terephthalic acid-based materials in producing seat and carpet fabrics.  In recent times, most consumers consider performance features including quality and durability when making decisions about vehicle purchase. Moreover, enhancement in automotive interior design, such as innovative fabrics and materials derived from PTA, offers a more comfortable and contented driving experience.

Global Purified Terephthalic Acid Market Analysis by Application

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Purified Terephthalic Acid Market Regional Insights

Asia Pacific is dominating with the largest purified terephthalic acid share. The increasing urbanization and population growth within the region have expanded the needs for consumer goods like textiles and packaged foods which relies on PTA-based products like polyester fibers. The rise in purchasing power and modern lifestyle brings an increased demand for PTA products, which at the same time provides market opportunities in the region. The PTA market is also spurred by the booming industrial sector in the Asia Pacific region especially in China, India, and Japan. The region is known as the manufacturing hub, which is increasing the demand for PTA materials in various forms such as textiles, vehicles, electronic, and buildings to be in constant supply. With the continued growth and expansion of these sectors, the demand for PTA will continue to rise, increasing sales in the market.

Over the course of the projected period, it is anticipated that the purified terephthalic acid market in North America would expand with the highest growth rate. The industrial sector in North America is highly developed especially in industries of textiles, packaging, automotive, and electronics all of which are considerable users of PTA. North America has an attractive market for goods made of PTA largely because of a developed consumer market and a high standard of living and income per capita. With the favourable economic condition in the region, there is a huge demand for textiles, food and beverages packaging, household and electronics, most of which are made of PTA-based materials. There is also a rising awareness and concern for sustainability and environment among the people, which will encourage the use of PET as it is considered eco-friendly.

Global Purified Terephthalic Acid Market By Geography
  • Largest
  • Fastest

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Purified Terephthalic Acid Market Dynamics

Drivers

Increasing Construction Activities and Infrastructure Development

  • Materials based on polyester such as geotextiles, roofing membranes, and insulation, among others, are significant to the construction industry, which has further increased the demand for PTA. Polyester materials also have high tensile strength, good weather resistance, and durability which enables their utilization in many construction applications. Therefore, with the increase in the infrastructure development projects around the globe, the construction sector is likely to be among the major drivers of growth in the demand for purified terephthalic acid.

Growing Requirement for Sustainable Textile Practices

  • The textile industry has been witnessing massive growth over the years. But this sector is also responsible for fielding large scale wastage of natural resources. Furthermore, the chemical dyes which are used in the fabrication of textiles may also lead to the pollution of water resources. With time however, these facts are increasing the demand for sustainable practices within the textile industry. This demand is specifically high among consumers as they are becoming more aware about the negative impacts of the textile production processes. This is increasing the popularity of recycling textiles. Therefore, the market for purified terephthalic acid is likely to increase because, it plays a significant role in the manufacture of recycled PET fibers.

Restraints

High Fluctuation in Prices of Raw Materials

  • The production of PTA makes use of raw materials including paraxylene, which is however derived from crude oil. Therefore, fluctuations in the prices of crude oil are predicted to significantly impact the manufacturing costs of PTA. This creates immense challenges in pricing and profit margins. Moreover, the purified terephthalic acid industry, like several other chemicals, faces increasing scrutiny regarding its environmental impact.

Growing Environmental Scrutiny and Regulatory Challenges

  • The petrochemical industry, including PTA production, often faces scrutiny because of its environmental impact. Regulatory changes aimed at curbing emissions and promoting sustainable practices can result in compliance challenges and increased operational costs. Furthermore, meeting stringent environmental standards has become a persistent challenge for the purified terephthalic acid market. 

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Purified Terephthalic Acid Market Competitive Landscape

The global purified terephthalic acid industry is dominated by many small and large size manufacturers which makes it highly competing in nature. Major manufacturers in the industry include Sinopec, Eastman Chemical Company, British Petroleum, Reliance and Alpek. Key players in the market are focusing on gaining competitive advantage, as well as profitability. They are doing this by forming strategic alliances with local companies and offering them technical assistance to produce PTA with a low cost of investment and conversion.

Top Players in Purified Terephthalic Acid Market

  • Alfa Chemistry
  • Arkema Group
  • BP Plc
  • China Petrochemical Corp.
  • Colossustex
  • Eastman Chemical Co.
  • Indian Oil Corp. Ltd.
  • Indorama Ventures Public Co. Ltd.
  • INEOS Group Holdings SA
  • Jamorin International
  • Johnson Matthey Plc
  • Lotte Chemical Corp.
  • MCPI
  • Mitsubishi Chemical Group Corp.
  • Petkim Petrokimya Holding AS
  • Reliance Industries Ltd.

Recent Developments

  • In April 2024, Sinopec Yizheng Chemical Fiber announced plans for an investment up to 5 billion yuan. This investment is made to establish a manufacturing plant where purified terephthalic acid (PTA) would be produced, located in Jiangsu Province, China.
  • In December of 2023, Sichuan Shengda Group made an announcement that they have recommissioned their purified terephthalic acid (PTA) plant in Nanchong city, China, to meet the various production requirements of PTA across numerous industries.
  • In November 2023, Hengli Petrochemical announced its plans to restart the production of terephthalic acid at the Dalian facility in Liaoning Province so as to respond to the demand supply chain.

Purified Terephthalic Acid Key Market Trends

Purified Terephthalic Acid Market SkyQuest Analysis

SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, purified terephthalic acid (PTA), a highly refined acid, is a pertinent constituent for the synthesization of Polyethylene Terephthalate (PET). It is a type of long chain polymer widely used across numerous industries. PTA is specifically prominent in the production of fibers that are required for textiles. This includes polyester fibers which have major applicability in the clothing industry, home interiors, automotive textiles, as well as e commerce. The textile industries in particular are dependent on PTA chemicals for their operations, especially the apparel industries. The textile chemicals industry uses PTA to produce polyester fibers which can withstand various forms of stresses and strains, which are highly durable and can dry quickly, can be washed, and do not absorb water and moisture. Another important end-user for PTA is the downstream packaging industry. Bottles and containers are manufactured from PET, which is made from PTA and is known for its lightweight, moisture resistant, and strong properties.

Report Metric Details
Market size value in 2023 USD 61.78 Billion
Market size value in 2032 USD 96.66 Billion
Growth Rate 5.1%
Base year 2024
Forecast period (2025-2032)
Forecast Unit (Value) USD Billion
Segments covered
  • Application
    • PET Resins, Polyester Fiber, Films, and Others
  • End Use
    • Textile, Bottling & Packaging, Home furnishing, Automotive, and Others
  • Production Process
    • Paraxylene Route, Naphtha Route
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Alfa Chemistry
  • Arkema Group
  • BP Plc
  • China Petrochemical Corp.
  • Colossustex
  • Eastman Chemical Co.
  • Indian Oil Corp. Ltd.
  • Indorama Ventures Public Co. Ltd.
  • INEOS Group Holdings SA
  • Jamorin International
  • Johnson Matthey Plc
  • Lotte Chemical Corp.
  • MCPI
  • Mitsubishi Chemical Group Corp.
  • Petkim Petrokimya Holding AS
  • Reliance Industries Ltd.
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Purified Terephthalic Acid Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Purified Terephthalic Acid Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Purified Terephthalic Acid Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Purified Terephthalic Acid Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Purified Terephthalic Acid Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Purified Terephthalic Acid Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Purified Terephthalic Acid Market size was valued at USD 61.78 Billion in 2023 and is poised to grow from USD 64.93 Billion in 2024 to USD 96.66 Billion by 2032, growing at a CAGR of 5.1% in the forecast period (2025-2032).

The global purified terephthalic acid industry is dominated by many small and large size manufacturers which makes it highly competing in nature. Major manufacturers in the industry include Sinopec, Eastman Chemical Company, British Petroleum, Reliance and Alpek. Key players in the market are focusing on gaining competitive advantage, as well as profitability. They are doing this by forming strategic alliances with local companies and offering them technical assistance to produce PTA with a low cost of investment and conversion. 'Alfa Chemistry', 'Arkema Group', 'BP Plc', 'China Petrochemical Corp.', 'Colossustex', 'Eastman Chemical Co.', 'Indian Oil Corp. Ltd.', 'Indorama Ventures Public Co. Ltd.', 'INEOS Group Holdings SA', 'Jamorin International', 'Johnson Matthey Plc', 'Lotte Chemical Corp.', 'MCPI', 'Mitsubishi Chemical Group Corp.', 'Petkim Petrokimya Holding AS', 'Reliance Industries Ltd.'

Materials based on polyester such as geotextiles, roofing membranes, and insulation, among others, are significant to the construction industry, which has further increased the demand for PTA. Polyester materials also have high tensile strength, good weather resistance, and durability which enables their utilization in many construction applications. Therefore, with the increase in the infrastructure development projects around the globe, the construction sector is likely to be among the major drivers of growth in the demand for purified terephthalic acid.

Rising Demand for Sustainable Practices: A significant shift towards sustainability is reshaping industries globally, and the purified terephthalic acid market is no exception. With increased environmental awareness among consumers and industries are demanding more sustainable and eco-friendly practices. PTA manufacturers are adopting greener production methods. They are emphasizing recycling, reduced energy consumption, and a lower carbon footprint to align with evolving environmental standards.

Asia Pacific is dominating with the largest purified terephthalic acid share. The increasing urbanization and population growth within the region have expanded the needs for consumer goods like textiles and packaged foods which relies on PTA-based products like polyester fibers. The rise in purchasing power and modern lifestyle brings an increased demand for PTA products, which at the same time provides market opportunities in the region. The PTA market is also spurred by the booming industrial sector in the Asia Pacific region especially in China, India, and Japan. The region is known as the manufacturing hub, which is increasing the demand for PTA materials in various forms such as textiles, vehicles, electronic, and buildings to be in constant supply. With the continued growth and expansion of these sectors, the demand for PTA will continue to rise, increasing sales in the market.

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