Asia is poised to spearhead global purified terephthalic acid (PTA) capacity additions by 2030 mainly due to escalating demand from the packaging and textile industries. The region maintains its status as a global manufacturing hub, driven by high consumer demand for PTA-based products such as polyester fibres and PET packaging. Asia is anticipated to add a PTA production capacity of 28.8 million tonnes per annum (mtpa) between 2025 and 2030 from nine planned and four announced projects. China, India and ...