Dimethyl Terephthalate Market Size

Dimethyl Terephthalate Market size is estimated to surpass USD 1.3 Billion by the end of 2035, witnessing around 5% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of dimethyl terephthalate was over USD 960 Million. The growth of the market can be attributed to the rising availability of feedstock. Para-xylene (PX), and purified terephthalic acid (PTA) are the main feedstock used for producing DMT. Both of these components are derived from fossil fuels, therefore, there is no chance of shortage and thus there is a huge availability of raw materials to produce DMT, which is pushing the market growth.

In addition to these, factors that are believed to fuel the market growth of dimethyl terephthalate are technological advancements in the procedure of producing products from dimethyl terephthalate such as PET, polymer fibers, and others.