Global purified terephthalic acid (PTA) capacity is poised to see considerable growth over the next five years, potentially increasing from 101.96Mtpa in 2020 to 140.64Mtpa in 2025, registering total growth of 38%.

GlobalData’s latest report, ‘Global Purified Terephthalic Acid (PTA) Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned plants,’ states that around 23 planned and announced plants are slated to come online primarily in Asia and the Middle East.

Within Asia, China has eight planned and announced Polyethylene Terephthalate (PET) additions, with a total capacity of about 17.60Mtpa by 2025. The country is expected to spend a capital expenditure (CAPEX) of $11.99bn. Major capacity additions will be from a planned project, Sinopec Oilfield Service Corporation Yizheng Purified Terephthalic Acid (PTA) Plant 3.

The Middle East has four planned and one announced project, of which Turkey contributes 3.00Mtpa. The country is expected to spend a CAPEX of US$1.13 billion. Major capacity additions will be from two planned projects Sasa Polyester Sanayi Adana Purified Terephthalic Acid (PTA) Plant and Sasa Polyester Sanayi Yumurtalik Purified Terephthalic Acid (PTA) Plant 1 with the capacity of 1.50Mtpa, each respectively by 2022 and 2023.

In North America, The US has one planned project with the capacity additions of about 1.30Mtpa by 2024. The country is expected to spend a CAPEX of $0.18bn. Corpus Christi Polymers Corpus Christi Polyethylene Terephthalate Plant is the only plant accounting for the entire capacity additions in the US.

Tongkun Group Co Ltd, Hengli Petrochemical (Dalian) Co Ltd and Sasa Polyester Sanayi AS will be the top three companies globally in terms of planned and announced capacity additions over the upcoming years.