Global Dimethyl Terephthalate Market Size, Trends & Analysis with Covid-19 Impact - Forecasts 2026 By Form (Flake (Solid) DMT, Liquid DMT), By Application (Polyethylene Terephthalate, Polybutylene Terephthalate, Other Applications), By Region (North America, Europe, Asia Pacific, CSA, MEA), End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Dimethyl Terephthalate Market Insights
The dimethyl terephthalate market is expected to grow at a high CAGR during the forecast period. Being a commercial polymer, it finds uses in packaging, fabrics, films, and electronics, among others. They are chemical resistant, have mechanical and dimensional stability. Importantly, recycled PET can also be molded into fabrics, sheets for packaging, and fibers. Varied uses for these polyester leads to their high demand in the market. However, they are easily affected by boiling water and have poor burning behavior, this would restraint the market growth.
Dimethyl Terephthalate Market Size: By Form
Based on the form, the market is segmented into flake (solid) DMT and liquid DMT. The solid DMT segment is estimated to grow at a high rate during the forecast period. White flakes are insoluble in water. The growing demand for polyester in varied industries is expected to boost the consumption of dimethyl terephthalate during the forecast period.
DMT Market Size: By Application
Based on the application, the global DMT market is segmented into polybutylene terephthalate and polyethylene terephthalate among others. The polyethylene terephthalate segment will be the faster-growing segment. It is a strong, stiff synthetic fiber and is molded into disposable beverage bottles. These fibers have applications in automobile tire yarns, drive belts, and disposable medical garments. The polybutylene terephthalate segment is expected to grow at a high CAGR during the forecast period. Polybutylene terephthalate exhibits different properties like toughness, heat, and chemical resistance, and good abrasion. The fiber is exclusively used in an electrical application which includes plug connectors, keyboards, switches, and distribution boxes among others.
Dimethyl Terephthalate Market Size: By Region
Based on the region, the market is segmented into North America, Asia-Pacific, Europe, CSA, and Middle East & Africa. European region is expected to grow at a high CAGR during the forecast period. The well-balanced market for fibers, expansion of business capacity within the region, and maintenance of safety protocols lead to high demand for the fibers in the region. The Asia-Pacific region is expected to dominate the market during the forecast period. Increased demand from the automobile and electrical markets, and an increasing number of manufacturers in the region would lead to higher demand for the market in the region.
Dimethyl Terephthalate Market Share and Competitor Analysis
Key players operating in the market include Capot Chemical, Co., Ltd., Henan Daken Chemical Co., Ltd, Chemwill Asia Co., Ltd, Haihang Industry Co., Ltd, Fuxin Pharmaceutical,TCI America,Alfa Aesar, Hubei Xin Bonus Chemical Co.Ltd, Nanjing Chemlin Chemical Co., Ltd., and Hunan Chemfish Pharmaceutical Co., Ltd among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Dimethyl Terephthalate Market Report
Dimethyl Terephthalate Market: By Form
Dimethyl Terephthalate Market: By Application
Dimethyl Terephthalate Market: By Region
The global Dimethyl Terephthalate Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Dimethyl Terephthalate Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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