Terephthalic acid is a widely used fibre intermediate and ranks 25th in tonnage of all chemicals produced in the world. The growing demand for PTA is fuelled primarily by its consumption in the textile industry as cotton availability is limited and a need for a suitable substitute was required to sustain the textile industry.

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The first PTA plant in India was set up by Reliance Industries Ltd in 1986 and had a capacity of 150 thousand tonnes to meet domestic demand. Demand for PTA has seen significant growth since then as valuable applications of PTA came to be recognized in diverse sectors. PTA demand has been fuelled in recent years because of its use as a raw material for manufacture of PET and polyester staple fibre, which are indispensable in the textile and packaging industry.

In the early 2000's, India's production was sufficient to satiate the entire domestic demand. Production adequately met demand and allowed for a small portion to be exported. The share of imports was negligible but began to decline quickly as the demand for PTA increased. The share of imports has therefore significantly in the past 5 years, with India meeting about one-fifth of its PTA demand through imports in 2013-2014.

Reliance Industries Limited, Mitsubishi Chemical Corporation PTA India Corporation Private Limited and Indian Oil Corporation Limited are the major PTA producers in India. The installed PTA capacity in India has seen a considerable growth, though the production has not kept pace with the increasing PTA demand. Thus, the share of PTA imports in the country is on a continuous rise, especially after market recovery in 2010 after the 2008-2010 global economic crisis. The installed capacity, which has historically kept pace with the rising domestic demand, has however, once again reached a saturation point, wherein even production efficiencies of more than 100% would not contend with rising domestic demand. PTA supply and demand in the past 5 years have been dependent on the rigorously fluctuating naphtha and PX prices in the international market in the face of volatile oil and gas prices. The declining value of India Rupee against the US Dollar has also led to an increase in costs of feedstock procurement, which is the single largest cost of PTA production. Moreover, production and supply have been affected by surges or fall in polyester fibre and PET demand which drives the textile industry as well as the packaging industry.

Additions of capacity for PTA have been aggressive with China adding the maximum capacity in the previous 3 years and more facilities are meant to come online in the coming years. Even when an inevitable correction in production can be seen, China still continues to push for new plants. The production of paraxylene (PX), the primary feedstock for PTA, could not catch up with the rapid PTA expansion nor did polyester output with the rapid increase in PTA capacities. The spread between feedstock Paraxylene (PX) and PTA narrowed in the past year, making it excessively difficult to sustain production by a majority of Asian PTA producers.

Highlights of the Report

  •  Domestic installed capacity, production and demand
  •  Key Manufacturers in India
  •  Domestic Market Share and Trends
  •  Region-wise Demand Distribution
  •  Month-wise Import Quantities
  •  Month-wise Export Quantities
  •  Country-wise Share of Imports
  •  Port-wise Share of Imports
  •  Major End Users, Traders and Distributors
  •  CIF Pricing
  •  Prominent Production Technology Licensors
  •  Industrial Manufacturing Process
  •  Application and Use in Diverse Sectors
  •  Global Market highlights
  •  Health Impacts
  •  Chemical and Physical Properties
  1. Chapter 1: Introduction
    1. Chemical and Physical Properties of Purified Terephthalic Acid
    2. Application and Use in Diverse Sectors
    3. Health Impacts
    4. Industrial Manufacturing Process
      1. Amoco Purification Method
      2. Mitsubishi Decarbonylation Process
      3. Modification of Henkel Processes
      4. Catalytic, Liquid Phase-Air Oxidation of P-Xylene
    5. Prominent PTA Production Technology Licensors
      1. Invista
      2. Mitsubishi Chemical Corporation (MCC)
  2. Chapter 2: Indian Scenario
    1. Production and Demand
    2. Key Purified Terephthalic Acid Producers in India
      1. Reliance Industries Ltd.
      2. Mitsubishi Chemical Corporation PTA India Corporation Private Limited (MCPI)
      3. Indian Oil Corporation Limited
    3. Market Share and Trends
    4. Import and Exports
      1. Month-wise Import Quantities
      2. Month-wise Export Quantities
      3. Country-wise Share of MEG Imports and Exports
      4. Port-wise Share of PTA Imports
    5. Major End Users, Traders and Distributors
    6. Purified Terephthalic Acid Pricing in India
      1. CIF Pricing
  3. Chapter 3: Global scenario

List of Tables

  • Table 1: PTA Chemical and Physical Properties
  • Table 2: Sector-wise Applications of PTA
  • Table 3: Health Impacts of PTA
  • Table 4: Domestic PTA Installed Capacity, Production, Demand, Import and Exports (KT, 2001-2014)
  • Table 5: Year-wise Domestic PTA Production, Demand and Demand Growth (KT, 2001-2014)
  • Table 6: Company-wise, Year-wise PTA Installed Capacity in India (KT, 2001-2014)
  • Table 7: Import and Export Statists of Indian Purified Terephthalic Acid (MT, 2001-2014)
  • Table 8: Month-wise Quantity of PTA Imports (MT, 2012)
  • Table 9: Month-wise Quantity of PTA Imports (MT, 2013)
  • Table 10: Month-wise Quantity of PTA Imports (MT, 2014)
  • Table 11: Month-wise Quantity of PTA Imports (MT, 2012)
  • Table 12: Month-wise Quantity of PTA Imports (MT, 2013)
  • Table 13: Month-wise Quantity of PTA Imports (MT, 2014)
  • Table 14: Major End Users, Traders and Distributor with End Usage of PTA in India
  • Table 15: Purified Terephthalic Acid Imported Prices in India (Rupees/Ton, 2001-2014)

List of Figures

  • Figure 1: Year-wise Domestic PTA Demand (KT, 2001-2014)
  • Figure 2: Year-wise Domestic PTA Production (KT, 2001-2014)
  • Figure 3: Domestic PTA Installed Capacity, Production and Demand (KT, 2001-2014)
  • Figure 4: Company-wise Installed PTA Capacity (KT, 2014)
  • Figure 5: Reliance Industries Limited PTA Production (KT, 2009-2014)
  • Figure 6: MCPI PTA Production (KT, 2009-2014)
  • Figure 7: IOCL PTA Production (KT, 2009-2014)
  • Figure 8: Month-wise Quantity of PTA Imports (MT, 2012)
  • Figure 9: Month-wise Quantity of PTA Imports (MT, 2013)
  • Figure 10: Month-wise Quantity of PTA Imports (MT, 2014)
  • Figure 11: Month-wise Quantity of PTA Imports (MT, 2012)
  • Figure 12: Month-wise Quantity of PTA Imports (MT, 2013)
  • Figure 13: Month-wise Quantity of PTA Imports (MT, 2014)
  • Figure 14: Source Country Share of PTA Imports (2012)
  • Figure 15: Source Country Share of PTA Imports (2013)
  • Figure 16: Source Country Share of PTA Imports (2014)
  • Figure 17: Port-wise Share of PTA Imports (2012)
  • Figure 18: Port-wise Share of PTA Imports (2013)
  • Figure 19: Port-wise Share of PTA Imports (2014)
  • Figure 20: Purified Terephthalic Acid Import Curve (Rupees/Ton, 2001-2013)
  • Figure 21: CIF Prices for PTA (USD/MT, 2012)
  • Figure 22: CIF Prices for PTA (USD/MT, 2013)
  • Figure 23: CIF Prices for PTA (USD/MT, 2014)
  • Figure 24: World's Top 10 PTA Installed Capacity (MMT)

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