Dimethyl Terephthalate Segmentation
Application (Polybutylene Terephthalate Resin, Polyethylene Terephthalate Resin)
The polyethylene terephthalate resin segment is estimated to hold about 60% share of the global dimethyl terephthalate market in the year 2037. The growth of the segment can be attributed to the rising use of DMT in the production of polyethylene terephthalate resin (PET resin)), which is used for the production of packaging materials, synthetic fibers, and different beverage containers. In addition to this, these synthetic fibers are used in apparel, home furnishing, textiles, and industrial textiles. The wide range of applications of polyethylene terephthalate resin is driving the growth of the segment.
End Users (Packaging, Construction, Electronics, Automobiles)
Dimethyl terephthalate market from the packaging segment is expected to garner a significant share of around 40% in the year 2037. The growing demand for plastic containers for packaging and rising consumption of packaged water bottles is expected to augment the growth of the segment. In the world, around 446 billion liters of water consumed through plastic bottles are used every year. Moreover, globally around 1 million water bottles are used every minute.
Our in-depth analysis of the global DMT market includes the following segments:
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