Purified Terephthalic Acid (PTA), a white solid, serves primarily as a foundational chemical commodity. Its primary application lies in the creation of versatile, high-performance plastics such as polybutylene terephthalate (PBT), polyethylene terephthalate (PET), polytrimethylene terephthalate (PTT), and some types of bioplastics.
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This acid is derived from p-Xylene, utilized as the primary raw material. The Amoco method stands as one approach, involving the oxidation of p-xylene using a cobalt-manganese-bromide catalyst, resulting in the production of terephthalic acid. Its chemical makeup is denoted by the formula C8H6O4, boasting a molecular weight of 166.13 g/mol.
Leading PTA-producing nations encompass China, Taiwan, South Korea, and India.
Key Details About the PTA (Purified Terephthalic Acid) Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the PTA (Purified Terephthalic Acid) price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The PTA (Purified Terephthalic Acid) price trends, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting PTA (Purified Terephthalic Acid) Price Trend:
The price trend of Purified Terephthalic Acid (PTA) is significantly influenced by its key commercial uses. These include the production of polyester coating resin, utilized in coil coatings, automotive applications, industrial maintenance, and metal formulations. Additionally, PTA finds its place in adhesives, lubricants, paints, coatings, and the creation of polyester fibers.
Key Players:
- Reliance Industries Limited (RIL)
- Saudi Basic Industries Corporation (SABIC)
- Alpek S.A.B. de C.V.
- BP p.l.c.
- Eastman Chemical Company
News and Events:
- October 2022: A memorandum of understanding was signed by Mitsui Chemicals, Inc., and Shell Eastern Petroleum (Pte) Ltd, a company with Singaporean registration, committing the two parties to the delivery of ethylene produced from plastic waste. Later, through its subsidiary Prime Polymer Co., Ltd., a Mitsui Chemicals Group company, the company produced chemically recycled polyethylene made from plastic waste.
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