China PTA Production: Production Increasing, but Growth Rate Slowing

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Researched by Industrial Info Resources (Sugar Land, Texas)--Terephthalic acid (PTA) is an important raw material for polyesters for powder and water-soluble coatings. As the world's largest producer, China's production capacity accounted for about 67% of the world's total in 2021.

From 2018 to 2022, China's PTA production capacity shows a trend of increasing, but the growth rate is gradually slowing down. In 2022, the PTA output was 55.47 million tons, an increase of 4.3% over last year.

Affected by the soaring energy prices caused by the Russia-Ukraine conflict and the global economic recession, the prosperity of the PTA industry has gradually declined.

Industrial Info is tracking 15 active PTA projects, valued at US$9.54 billion, across China. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for the reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).