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Purified Terephthalic Acid Market Forecast to Reach $70.5 Billion by 2025 Increasing Penetration and Preference of Recycled PET in Developed and Developing Economies Further Driving Purified Terephthalic Acid Market Growth. BriefingWire.com, 4/08/2021 - Purified Terephthalic Acid Market is forecast to reach $70.5 billion by 2025, after growing at a CAGR of 5.3% during 2020-2025. Purified Terephthalic Acid (PTA) is derived from crude oil, through chemical synthesis. Purified Terephthalic Acid (PTA) is majorly used in the production of polyester resin, which is used in the manufacture of polyester film, polyethylene terephthalate (PET) resin, and polyester fiber. Globally, development of efficient and advance technology, rising demand for polyester resin and Polyethylene Terephthalate (PET), growing textile, coating and packaging industries, and rising per capita consumption and the growing disposable income are the prime growth drivers of purified

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