Dimethyl Terephthalate Market Analysis

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 2035. 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 2035. 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:

Form	Liquid DMT Flake DMT
Application	Polybutylene Terephthalate Resin Polyethylene Terephthalate Resin
End User	Packaging Construction Electronics Automobiles

Frequently Asked Questions (FAQ)

Increasing production of polyester fibers, and growing consumption of PET containers are the major factors driving the market growth.

The market size of dimethyl terephthalate is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are Indorama Ventures, SABIC, Farmosa Chemicals & Fiber Corporation, Alpek, Reliance Industries Limited, Eastman Chemical Company, SK Chemicals, SASA Polyester Sanayi A.S., INVISTA, and Fiber Intermediate Products Company.

The polyethylene terephthalate segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Dimethyl Terephthalate Market Analysis