The Recycled terephthalic acid (rTPA) market size is projected to grow from USD 2.34 billion in 2024 to USD 2.90 billion by 2029, registering a CAGR of 4.4% during the forecast period. Some of the factors that contribute to the growth of the market of rTPA are rising environmental awareness, increased regulations, and also changing consumer preferences. Apart from this, increasing concern for plastic pollution in the world is shifting the focus of industries toward sustainability, and consequently, demand for recycled products like rTPA is gradually increasing over time. Tighter plastic waste management regulations by most governments compel manufacturers to utilize recycled products such as rTPA due to compliance with sustainability goals. The shift towards a resource-efficient circular economy is another aspect that again enhances the appeal of rTPA. In addition, industries such as textiles, packaging, and automotive require eco-friendly materials to be incorporated in their products to fulfill the demands of consumers for more environmentally friendly products.
These prominent competitors, along with a slew of others, define the Recycled terephthalic acid (rTPA) market through ongoing innovation, strategic partnership, acquistion and worldwide growth strategies. Their contributions propel technological developments, broaden market reach, and shape industry standards, ultimately influencing the future of Recycled terephthalic acid (rTPA) and their numerous uses., such as include Indorama Ventures Public Company Limited. (Thailand), Alpek S.A.B. de C.V. (Mexico), SUEZ (France), ALPLA (Austria), Unifi, Inc. (US), SK chemicals (South Korea), Krones AG (Germany), Far Eastern New Century Corporation (Taiwan), Biffa (England) and Plastipak Holdings, Inc. (US). adopt acquisitions, partnership, collaboration, and expansions to increase their market shares and expand their geographic presence.
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Indorama Ventures Public Company Limited is a leading global producer in the petrochemical industry, specializing in the production of polyethylene terephthalate (PET) resins and polyester fibers was established in 1994 headquartered in Thailand. Indorama Ventures business is segmented into several key areas, including Combined PET (Polyethylene Terephthalate), Fibers, and Integrated Oxides and Derivatives. The Combined PET (CPET) business division, encompasses the entire PET value chain, including the production of paraxylene (PX), purified terephthalic acid (PTA), PET, and specialty PET-related chemicals such as PIA and NDC. The company entered the recycling business in 2011 to address sustainability challenges by transforming post-consumer PET bottles into valuable products like rPET resins, flakes, and recycled polyester yarns, consequently boosting rTPA output. Indorama Ventures manufactures PET packaging products, including preforms, bottles, and closures, through a joint venture with Serm Suk Public Company Ltd, known as Petform. In 2023, the Combined PET segment reported revenues of USD 9438 million, which accounted for approximately 56% of the company's revenue. Moreover, the company has established a significant global presence, operating in 35 countries with a total of 148 manufacturing facilities. Its operations spans across various regions, including 3 countries in Africa, 5 in the Americas, 9 in the Asia-Pacific, and 18 in Europe.
Alpek S.A.B. de C.V., established in 1975, is a leading Mexican chemical manufacturing company headquartered in San Pedro Garza Garcia, Monterrey. Alpex operates through three main business segments: Polyester, Plastics & Chemicals, and Others. The Polyester segment includes products such as polyethylene terephthalate (PET), purified terephthalic acid (PTA), recycled PET (rPET), and polyester fibers. Whereas, the Plastics and Chemicals segment offers polypropylene (PP), expandable styrene, fertilizers, and various other chemicals which serves a wide range of markets, including the consumer goods, automotive, construction, agriculture, and pharmaceutical. In 2023, Polyester segment generated revenue of USD 5739 million, representing approximately 73.8 % of the company's total revenue. Whereas, Plastics and Chemicals, and others segment accounted for 20.1% and 6.0% percent respectively. Alpek operates manufacturing and processing facilities across the Americas, the United Kingdom, and the Middle East. With over 33 plants in 9 countries and a total capacity of 8 million tons, the company is a prominent leader in producing Purified Terephthalic Acid (PTA), Polyethylene terephthalate (PET), rPET, polypropylene (PP), and Expanded polystyrene (EPS).
ALPLA, also known as ALPLA Works Alwin Lehner GmbH & Co KG, is a prominent global player in the development and manufacturing of rigid plastic packaging solutions. The company specializes in developing innovative packaging solutions, such as bottles, closures, and injection-moulded parts for various industries including food & beverages, dairy products, cosmetics, household care, motor oil, lubricants, pharmaceuticals, and crop protection. The primary raw materials used are PET and HDPE. Established in 1955 and headquartered in Vorarlberg, Austria, ALPLA operates 190 production sites across 46 countries, including North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific region. ALPLA primarily uses recycled PET (rPET) to produce new preforms, with a clear differentiation between food-grade and non-food-grade materials, while extracting recycled terephthalic acid (rTPA) for broader market applications. The use of rPET significantly contributes to environmental sustainability, by reducing greenhouse gas emissions by up to 94% compared to virgin materials. The company manufactures rPET granules through its subsidiary, PET Recycling Team GmbH. It focuses on recycling post-consumer PET bottles into high-quality rPET granules, which are then used to produce new PET bottles and preforms. With over 30 years of recycling experience and a strong network of recycling facilities, ALPLA is committed to sustainability by keeping plastics in circulation.
SK chemicals established in 1969, is a chemical and life sciences enterprise, headquartered in Seongnam-si, South Korea. The company's business is divided into two main divisions Green Chemicals Business and Life Science Business. Green Chemicals Business specializes in the production of chemicals, with a diverse product portfolio that includes Copolyester, Functional Materials, and Biomaterials. Its products are marketed under various brands such as SKYDMT, SKYPURA, SKYTRA, SKYBON, SKYGREEN, SKYPET, ECOZEN, and ECOTRION. SKYPET CR is a chemically recycled PET resin that maintains the same physical properties as conventional PET. Whereas the Life Science Business division offers pharmaceuticals, vaccines, and plasma derivatives across three main categories: prescription drugs, over-the-counter medications, and health-functional foods. SK Chemicals has established a strong global presence with overseas sales subsidiaries located in the United States, Germany, Shanghai, China, and Malaysia, along with offices in Japan and Guangzhou, China. The company operates production plants in Shantou and Yantai, China, which contribute to its robust international network and recognition in the global market. SK Chemicals comprises of 11 consolidated subsidiaries, including three domestic companies: SK Bioscience, SK Multi Utility, and SK Chemical Daejung. The remaining eight subsidiaries are located overseas, primarily in the U.S., Germany, and China, enhancing SK Chemicals' ability to serve diverse markets effectively.
Far Eastern New Century Corporation (FENC), established in 1942, is headquartered in Taipei, Taiwan. The company operates through following business segments: Petrochemical Business, Polyester Business, and Textile Business. The Petrochemical Business specializes in the production and sales of purified terephthalic acid (PTA). The Polyester Business encompasses the production and sales of polyester chips, staple fibers, filaments, PET films, PET sheets, Recycled PET, and PET bottle preforms. Whereas, the Textile Business engages in the printing, dyeing, and finishing of yarns and fabrics while producing a variety of natural, man-made, and synthetic fiber yarns. The company it has obtained third-party certification for its recycled materials, including the Global Recycled Standard (GRS) and has gained approval from regulatory bodies such as the US FDA, EU EFSA, and authorities in Japan and Canada. The company has a diverse geographical presence with production sites across Taiwan, Japan, the United States, China, Vietnam, Malaysia, and the Philippines. This strategic distribution allows FENC to efficiently adjust production volumes based on market demands. FENC is renowned for its recycled PET (rPET) business and aims to become the world’s largest producer of food-grade rPET, transforming recycled PET into rTPA to promote green manufacturing.
Related Reports:
Recycled Terephthalic Acid Market by Process (Hydrolysis, Pyrolysis), Application (Fiber, Films, Resins), End-Use Industry (Textiles, Automotive, Construction, Packaging) - Global Forecast to 2029
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