Terephthalic Acid Market Size, Share,Trend, Forecast, Competitive Analysis, and Growth Opportunity:
The terephthalic acid market is estimated to grow from USD 45.05 billion in 2022 to USD 661.38 billion by 2028 at a CAGR of 5.19% during the forecast period. Terephthalic acid is an organic compound with the chemical formula C?H?(CO?H)?. It is a white crystalline solid and belongs to the class of aromatic carboxylic acids. Terephthalic acid is an important raw material in producing various polymers, particularly polyethylene terephthalate (PET).