Dimethyl Terephthalate (DMT) Market: Growth Drivers and Challenges
Growth Drivers
- Growing Demand for Flexible Packaging- DMT-derived PET films and pouches are commonly used in flexible packaging. Therefore, the rising use of flexible packaging material will increase the need for PET. The head of global packaging service, Dominic Cakebread stated that flexible and rigid plastics accounts for the total packaging market.
- Rising Demand for Apparel– DMT is also used in the manufacturing of synthetic fibers, such as polyester for shoes and clothes since the textile industry relies heavily on polyester fibers. Global consumer sales of clothes and footwear surpassed USD 1.5 trillion in 2022.
- Increasing Preference for Sustainability– PET, the major output of DMT is highly recyclable and it can be processed and used in different applications. United Nations has adopted the 2030 Agenda for Sustainable Development, which includes, clean energy, green infrastructure, sustainable materials, and responsible production.
Challenges
- Rising Shift Towards Bio-Based Alternatives- As sustainability becomes a priority, the market has seen a shift towards bio-based polymers derived from renewable resources. This trend poses a challenge a traditional DMT production, requiring adaptation to new technological processes.
- Strict Regulatory Compliance for the Chemical Industry
- Rising Concern for Plastic-Waste Generation
Dimethyl Terephthalate Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.9% |
|
Base Year Market Size (2024) |
USD 1.16 billion |
|
Forecast Year Market Size (2037) |
USD 2.16 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Dimethyl Terephthalate Market in 2025 is evaluated at USD 1.21 billion.
The global market size was worth more than USD 1.16 billion in 2024 and is poised to witness a CAGR of over 4.9%, crossing USD 2.16 billion revenue by 2037.
North America is forecast to accumulate USD 734.4 million by 2037, fueled by rising public construction and demand for new thermostat components.
The major players in the market include Indorama Ventures, SABIC, Farmosa Chemicals & Fiber Corporation, Alpek, Reliance Industries Limited, Eastman Chemical Company, SK Chemicals, SASA Polyester Sanayi A.S., INVISTA, Fiber Intermediate Products Company.
