Dimethyl Terephthalate (DMT) Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | -3.14 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Dimethyl Terephthalate (DMT) Market Analysis
The dimethyl terephthalate market size is expected to decline from 788.93 kilotons in 2023 to 672.74 kilotons by 2028, at a CAGR of -3.14% over the forecast period.
The COVID-19 pandemic negatively impacted the market. Several countries worldwide applied lockdowns to curb the spread of the virus. The shutdown of numerous companies and factories disrupted worldwide supply networks and harmed global production, delivery schedules, and product sales.
- In the short term, major factors driving the market's growth are the rising demand for polyethylene terephthalate (PET), polybutylene terephthalate (PBT), and the rising demand for polyester fiber in the textile industry.
- On the flip side, the availability of economical substitutes like PTA (Purified Terephthalic Acid) may likely restrain the market's growth.
- Asia-Pacific accounted for the highest market share, and the region may likely dominate the market during the forecast period.
Dimethyl Terephthalate (DMT) Market Trends
Polyester Fiber to Dominate the Market
- Polyester fibers are synthetic fibers which are produced from dimethyl terephthalate. Polyester fibers exhibit superior mechanical resistance and can shrink and stretch without losing strength.
- These fibers are increasingly used in manufacturing yarns, ropes, conveyor belt fabrics, seatbelts, plastic reinforcements, and others for industrial purposes. It is also used in the textile industry to manufacture clothing, carpets, and home furnishing, and as a mechanical reinforcement aid. In addition, the material is known for its superior strength and durability. Hence, it is used in sportswear and uniforms.
- Polyester fibers are manufactured using synthetic materials and are less expensive than natural fibers. They have low absorbency and are not ideal for manufacturing products that need to soak moisture, including activewear, towels, or bedding.
- According to ITC Trademap, the exporters of polyester staple fiber (not carded, combed, or otherwise processed for spinning) across the globe in 2022 are China (including Taipei, China) (12,21,267 tons), South Korea (624,362 tons), Thailand (318,081 tons), India (254,531 tons), Indonesia (212,413 tons), and Turkey (157,542), among others.
- The key importers of polyester staple fiber across the globe in 2022 are Sri Lanka (2,593,370 tons), the United States (455,384 tons), Vietnam (326,289 tons), Turkey (210,014 tons), and Germany (175,604 tons), among others.
- Although the growth of polyester fiber film is following a positive trend, the demand for DMT in this segment is declining since the newer plants generally tend to use the TPA process (an alternative for DMT).
- Hence, the demand for DMT in polyester fiber may decline in the future.
Asia-Pacific to Dominate the Market
- Asia-Pacific accounts for the highest global Dimethyl Terephthalate (DMT) market share. Continuous polyester and PET resin production make the Asia-Pacific region the largest in the market studied.
- PET, polyester film and fiber, and PBT are China's major consumers of dimethyl terephthalate. However, the demand for DMT is projected to decline due to the rising applications of PTA for polyester resin production.
- HUACAI, EAST ASIA TEXTILE TECHNOLOGY LTD, Sinopec Inc., and Changshu Azue Co. Ltd are the major manufacturers/suppliers of polyesters in China.
- In 2022, China's new polyester capacity was 5,075 kilotons per year. The capacity growth rate was 8.7%, but it was revised to 7.3% after some old units were eliminated. Polyester capacity still edged and was above 70 million tons/year by the end of 2022.
- In India, the demand for polyester resins, film, fiber, and PET is increasing rapidly due to the surging textile and packaging sectors, which have driven the market's growth in past years. However, the expanding production facility for purified terephthalic acid (PTA) in India is increasing the usage of PTA rather than DMT.
- The demand for polyester is increasing rapidly in the textile industry. According to the Ministry of Textiles, India's textile and apparel exports (including handicrafts) stood at USD 44.4 billion in FY22, a 41% increase YoY. India has a 4.0% share of the global trade in textiles and apparel.
- Therefore, due to the above factors, Asia-Pacific may dominate the market studied.
Dimethyl Terephthalate (DMT) Industry Overview
The global Dimethyl Terephthalate (DMT) market is consolidated in nature. Some major companies in the market include Eastman Chemical Company, Connect Chemicals, SASA Polyester Sanayi AS, OAO Mogilevkhimvolokno, and Fiber Intermediate Products Company.
Dimethyl Terephthalate (DMT) Market Leaders
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Eastman Chemical Company
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Connect Chemicals
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SASA Polyester Sanayi A.S.
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OAO Mogilevkhimvolokno
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Fiber Intermediate Products Company
*Disclaimer: Major Players sorted in no particular order
Dimethyl Terephthalate (DMT) Market News
The recent developments pertaining to the major players in the market are being covered in the complete study.
Dimethyl Terephthalate (DMT) Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Rising Demand for Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT)
- 4.1.2 Rising Demand for Polyester Fiber in the Textile Industry
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4.2 Restraints
- 4.2.1 Availability of Economical Substitutes Like PTA (Purified Terephthalic Acid)
- 4.2.2 Other Restraints
- 4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 By Form
- 5.1.1 Flake (Solid) DMT
- 5.1.2 Liquid DMT
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5.2 By Application
- 5.2.1 Polyester Film
- 5.2.2 Polyester Fiber
- 5.2.3 PET Resin
- 5.2.4 Other Applications (Including PBT)
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5.3 By Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 ASEAN Countries
- 5.3.1.6 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share(%)/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Connect Chemicals
- 6.4.2 Eastman Chemical Company
- 6.4.3 Fiber Intermediate Products Company
- 6.4.4 OAO Mogilevkhimvolokno
- 6.4.5 Sarna Chemicals
- 6.4.6 SASA Polyester Sanayi AS
- 6.4.7 SK chemicals
- 6.4.8 Yangzhou Juhechang Technology Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityDimethyl Terephthalate (DMT) Industry Segmentation
Dimethyl terephthalate is a diester resulting from the formal condensation of the carboxy groups of terephthalic acid with methanol. It is a primary ingredient widely used in polyesters and industrial plastics manufacture. It is a methyl ester, a diester, and a phthalate ester. It is functionally related to terephthalic acid.
The dimethyl terephthalate is segmented by form, application, and geography. By form, the market is segmented into flake DMT and liquid DMT. The market is segmented by application into polyester film, polyester fiber, PET resin, and other applications. The report also covers the market size and forecasts for the dimethyl terephthalate market in 15 countries across major regions. For each segment, market sizing and forecasts are done in volume (kilotons).
| By Form | Flake (Solid) DMT | |
| Liquid DMT | ||
| By Application | Polyester Film | |
| Polyester Fiber | ||
| PET Resin | ||
| Other Applications (Including PBT) | ||
| By Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| ASEAN Countries | ||
| Rest of Asia-Pacific | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| By Geography | Middle East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East and Africa |
Dimethyl Terephthalate (DMT) Market Research FAQs
Who are the key players in Dimethyl Terephthalate (DMT) Market?
Eastman Chemical Company, Connect Chemicals, SASA Polyester Sanayi A.S., OAO Mogilevkhimvolokno and Fiber Intermediate Products Company are the major companies operating in the Dimethyl Terephthalate (DMT) Market.
Which is the fastest growing region in Dimethyl Terephthalate (DMT) Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Dimethyl Terephthalate (DMT) Market?
In 2024, the Asia Pacific accounts for the largest market share in Dimethyl Terephthalate (DMT) Market.
What years does this Dimethyl Terephthalate (DMT) Market cover?
The report covers the Dimethyl Terephthalate (DMT) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Dimethyl Terephthalate (DMT) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Dimethyl Terephthalate (DMT) Industry Report
Statistics for the 2024 Dimethyl Terephthalate (DMT) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Dimethyl Terephthalate (DMT) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
