Purified Terephthalic Acid Market Data With Current And Future Growth, Feasibility And Regional Analysis
rmozMay 29, 2021
Purified terephthalic acid (PTA) is a chemical which is synthesized from crude oil. It is majorly used to manufacture polyester fiber. Its end-user industries include textile and home furnishing where PTA is required to manufacture garments such as bed sheets, curtains and clothes.
The market for purified terephthalic is expected to witness noticeable expansion in the coming years with the growing demand for polyester, specifically in China. Furthermore, the country is emerging as a global textile manufacturing hub with low-cost labor further driving the growth of the
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The new GMA Monomers market research report from SpendEdge indicates an incremental growth during the forecast period as the business impact of COVID-19 spreads. This press release features.
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Celanese, partners changing strategy for acetal JV
Korea Engineering Plastics Co. Ltd.
Celanese Corp. and Mitsubishi Gas Chemical Co. Inc. are changing the business model of their Korean Engineering Plastics Co. joint venture.
Under terms of a deal announced Dec. 9, Seoul-based KEP will supply acetal resins and related materials to its shareholders, who will then independently market them globally without restrictions. The agreement envisions a modernization of the scope of KEP, officials said in a news release.
KEP formed in 1987 to make and market acetal in Asia, with a focus on serving domestic demand in Korea. Celanese of Dallas owns 50 percent of the JV, with Tokyo-based MGC owning 40 percent and Mitsubishi Corp. a Tokyo-based conglomerate owning the remaining 10 percent.