Browse in-depth TOC on "Recycled Terephthalic Acid Market"
140 – Tables
60 – Figures
200 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199186726
Pyrolysis is anticipated to be the second largest segment in recycled terephthalic acid Market segment, by process, during the forecast period.
Pyrolysis technology will also be the second highest process in the recycled terephthalic acid market due to its ability to handle a wide range of PET waste and producing valuable by-products. Hydrolysis is primarily based on the depolymerization of PET to its constituents, namely TPA and EG; on the other hand, pyrolysis essentially involves the thermal degradation of PET at high temperatures in the absence of oxygen. This depolymerizes PET into lower hydrocarbons, terephthalic acid, and produces syngas, oils, and other commodities. The main reasons why pyrolysis has gained importance are the flexibility in designing its process. It makes it the preferred option in less advanced waste segregation systems or areas where mixed plastic streams are commonly observed. Furthermore, pyrolysis yields a number of high-value byproducts that can be sold or used elsewhere for better economic viability.
Fiber is anticipated to be the second largest segment Recycled terephthalic acid Market segment, by application, during the forecast period.
The second largest application in the market of recycled terephthalic acid mainly owes to the huge demand in textiles. Recycled fibres are widely used for clothing, home furnishings, and industrial textiles due to their comparable performance as virgin polyester and support toward achieving sustainability goals. As more fashion industries aim toward green consumer preference and are working toward creating a less heavy environmental footprint, the requirement for rPET fibers is also on the rise. Recycled fibers are gaining popularity in home textiles and automotive interiors, reducing dependency on virgin material and in turn supporting circular economy initiatives.
Request Sample Pages : https://www.marketsandmarkets.com/requestsampleNew.asp?id=199186726
Textiles is anticipated to be the second largest segment Recycled terephthalic acid Market segment, by end-use industry, during the forecast period.
The textiles industry is the second-largest end-use industry in the recycled terephthalic acid market hence, recycled polyester fibers are widely applied in fabric production. Polyester is a synthetic fiber derived from recycled terephthalic acid, largely used in all sorts of apparel, home textiles, and industrial fabrics. With sustainability becoming more and more of a major focus for all industries, the demand for recycled materials such as rPET grew in textiles. Brands are increasingly finding themselves resorting to using recycled fibers for reducing their environmental footprint and catering to the need from consumers for even more sustainable products. That is to say that conversion of terephthalic acid from recycling into high-quality, long-lasting, and versatile fibers makes the textiles industry a central sector in the circular economy. As the industry strives to lower its carbon footprint and continue to promote responsible production, the use of recycled terephthalic acid in textiles will continue to grow in popularity, making it the second-largest end-use industry within the recycled terephthalic acid market.
Europe is expected to be the second largest region in the global Recycled terephthalic acid Market, by region, during the forecast period.
Europe is the second largest region in the recycled terephthalic acid market due to the growth of regulatory frameworks, sustainability, and greater consumer demand for environment-friendly products. European Union further has green policies, such as the Green Deal and the Circular Economy Action Plan, which initiate recycling and ensure plastics are reduced, hence increasing the use of recycled terephthalic acid through industries such as packaging, textiles, and the automobile. Second, there is advanced recycling infrastructure in Europe, complemented by efficient collection and segregation systems, which supports large-scale production of terephthalic acid. Environmentally conscious consumers in Europe encourage products made of recyclable materials, mainly in packaging sectors. Major brands commit increasingly to the use of recycled content, further boosting demand.
Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=199186726
Market Players
Some of the top players in the Recycled terephthalic acid Market. 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), Plastipak Holdings, Inc. (US) and others.
Browse Adjacent Market: Resins and Polymers Market Research Reports
Related Reports:
Recycled PET Market - Global Forecast to 2028
Post-Consumer Recycled Plastics Market - Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave. Suite 103,
Delray Beach, FL 33445
Florida
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/recycled-terephthalic-acid-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/recycled-terephthalic-acid.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
SOURCE MarketsandMarkets
Share this article