Dimethyl Terephthalate Industry- Regional Synopsis
North American Market Forecast
The dimethyl terephthalate market in North America, is projected to be the largest with a share of about 34% by the end of 2037. The growth of the market can be attributed majorly to the rising public construction, such as highways, streets, roads, bridges, and others. It is expected that by 2027, around USD 153 billion worth of highways and streets will be developed in the United States. Furthermore, each and every house in the United States and Canada have thermostats, which often go through malfunction and increase the need for new components owing to these factors, the market is further expected to expand in the region.
APAC Market Statistics
The Asia Pacific dimethyl terephthalate market is estimated to be the second largest, registering a share of about 27% by the end of 2037. The growth of the market can be attributed majorly to the growing production of PET resin in the region. Throughout Northeast Asia, China alone possesses over 13.2 million tonnes, accounting for around 38% of the world's total PET resin capacity. Furthermore, growing investment in the infrastructure is also expected to boost the demand for dimethyl terephthalate.
