PTA Demand in China to Double by 2015

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25 Jul 2011 14:36 Helen Clark

CHEMMONITOR.COM – According to market specialists, it is expected that China’s demand for PTA (purified terephthalic acid) in 2015 will be two times higher than today. It is expected to reach 24.2m tonnes. That is attributed to the growing demand in the downstream PET (polyethylene terephthalate) market. China possesses more than 40% of world PET capacity. Its demand for PET in 2010 reached 22.3m tonnes. China International Chemical Consulting Corp (CICCC) announced that more than 95% of the country’s PTA consumption

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