Demand drivers for terephthalic acid (TPA) continue to be region-specific, according to CMAI. Absolute demand growth in Asia is dominated by polyester fiber, which dwarfs the market size of PET resin ..
Demand drivers for terephthalic acid (TPA) continue to be region-specific, according to CMAI. Absolute demand growth in Asia is dominated by polyester fiber, which dwarfs the market size of PET resin even though the latter has grown significantly.
In Europe and the Americas, PET bottle resin has significantly increased market share and exceeds demand for polyester fiber.
Asia continues to be the focal point for the global TPA market. Within Asia, Chinese imports have taken center stage in terms of determining the regional supply and demand dynamics. China is expected to remain the center for world TPA and derivative pricing through the forecast period, although imports may sharply declin
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