Market Overview:
The global purified isophthalic acid (PIA) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PET resins and UPR resins, owing to their properties such as high thermal stability, low shrinkage, and good impact resistance. In terms of volume, Asia Pacific is expected to lead the global PIA market during the forecast period.
 Industry Outlook.svg)
Product Definition:
Purified isophthalic acid (PIA) is a colorless, odorless, and slightly viscous liquid. It is used as a monomer to make polyesters and other plastics.
Purity 99.9%:
Purity 99.9% is a colorless, odorless, crystalline chemical that is soluble in water and ethanol. It has applications as an intermediate for the production of polycarbonate plastic and unsaturated polyester resin (UPR). Purity 99.9% can also be used as a reagent in the detection of impurities during purification processes such as fractionation or concentration.
Purity 99.8%:
Purity 99.8% is a colorless and highly viscous liquid, which is used as a feedstock for the production of PIA. It has applications in pharmaceuticals, nutraceuticals, cosmetics and food among others. Increasing demand for pharmaceutical products coupled with rising health awareness among consumers is expected to drive the market over the forecast period.
Application Insights:
PET resins led the global purified isophthalic acid (PIA) market in 2017. This is attributed to its growing demand for packaging applications, such as bottles for water and soft drinks. Moreover, increasing consumption of beer bottles by the young population across countries, such as India and China, is expected to drive demand over the forecast period.
UPR resins are anticipated to witness significant growth over the forecast period owing to its rising use in manufacturing automotive parts and appliances. For instance, UPR resin finds application in automobile components including window glazing systems on account of properties like impact resistance & strength along with excellent flexibility & durability offered by it under high temperatures ranging from -40°C up to 200°C.
Regional Analysis:
Asia Pacific purified isophthalic acid market led the global industry and accounted for over 45% of the total revenue in 2016. The region is expected to witness significant growth on account of rising product demand from key end-use industries such as automotive, packaging, and construction. China emerged as a major consumer due to its rapidly expanding construction sector.
The European market was valued at over USD X million in 2016 owing to stringent regulations regarding VOC emissions coupled with increasing R&D activities by leading petrochemical companies for development of sustainable alternatives. North America witnessed significant growth on account of rising demand from various end-use industries such as paints & coatings, plastics & polymers, adhesives & sealants which are anticipated to drive product consumption over the forecast period.
Latin America purified isophthalic acid market was estimated at around USD X million in 2016.
Growth Factors:
- Increasing demand from end-use industries such as automotive and construction
- Growing demand for lightweight and fuel-efficient vehicles
- Rising awareness about the benefits of PIA over traditional materials
- Technological advancements in production processes
- Growing investments by manufacturers in R&D
Scope Of The Report
Report Attributes
Report Details
Report Title
Purified Isophthalic Acid (PIA) Market Research Report
By Type
Purity 99.9%, Purity 99.8%, Other
By Application
PET Resin, UPR Resin, Polyester, Others
By Companies
LOTTE Chemical, Eastman, Beijing Yanshan Petrochemical, Mitsubishi Gas Chemical, Indorama, Perstorp, Formosa Chemicals & Fibre Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Purified Isophthalic Acid (PIA) Market Report Segments:
The global Purified Isophthalic Acid (PIA) market is segmented on the basis of:
Types
Purity 99.9%, Purity 99.8%, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
PET Resin, UPR Resin, Polyester, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LOTTE Chemical
- Eastman
- Beijing Yanshan Petrochemical
- Mitsubishi Gas Chemical
- Indorama
- Perstorp
- Formosa Chemicals & Fibre Corporation
 Market Overview.svg)
Highlights of The Purified Isophthalic Acid (PIA) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Purity 99.9%
- Purity 99.8%
- Other
- By Application:
- PET Resin
- UPR Resin
- Polyester
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Purified Isophthalic Acid (PIA) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Purified isophthalic acid (PIA) is a clear, colorless to slightly yellow liquid that has a sour odor. It is used in the manufacture of pharmaceuticals and other products.
Some of the major players in the purified isophthalic acid (pia) market are LOTTE Chemical, Eastman, Beijing Yanshan Petrochemical, Mitsubishi Gas Chemical, Indorama, Perstorp, Formosa Chemicals & Fibre Corporation.
The purified isophthalic acid (pia) market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Purified Isophthalic Acid (PIA) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Purified Isophthalic Acid (PIA) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Purified Isophthalic Acid (PIA) Market - Supply Chain
4.5. Global Purified Isophthalic Acid (PIA) Market Forecast
4.5.1. Purified Isophthalic Acid (PIA) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Purified Isophthalic Acid (PIA) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Purified Isophthalic Acid (PIA) Market Absolute $ Opportunity
5. Global Purified Isophthalic Acid (PIA) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Type
5.3.1. Purity 99.9%
5.3.2. Purity 99.8%
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Purified Isophthalic Acid (PIA) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Application
6.3.1. PET Resin
6.3.2. UPR Resin
6.3.3. Polyester
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Purified Isophthalic Acid (PIA) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Purified Isophthalic Acid (PIA) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Purified Isophthalic Acid (PIA) Demand Share Forecast, 2019-2026
9. North America Purified Isophthalic Acid (PIA) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Application
9.4.1. PET Resin
9.4.2. UPR Resin
9.4.3. Polyester
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Type
9.7.1. Purity 99.9%
9.7.2. Purity 99.8%
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Purified Isophthalic Acid (PIA) Demand Share Forecast, 2019-2026
10. Latin America Purified Isophthalic Acid (PIA) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Application
10.4.1. PET Resin
10.4.2. UPR Resin
10.4.3. Polyester
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Type
10.7.1. Purity 99.9%
10.7.2. Purity 99.8%
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Purified Isophthalic Acid (PIA) Demand Share Forecast, 2019-2026
11. Europe Purified Isophthalic Acid (PIA) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Application
11.4.1. PET Resin
11.4.2. UPR Resin
11.4.3. Polyester
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Type
11.7.1. Purity 99.9%
11.7.2. Purity 99.8%
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Purified Isophthalic Acid (PIA) Demand Share, 2019-2026
12. Asia Pacific Purified Isophthalic Acid (PIA) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Application
12.4.1. PET Resin
12.4.2. UPR Resin
12.4.3. Polyester
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Type
12.7.1. Purity 99.9%
12.7.2. Purity 99.8%
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Purified Isophthalic Acid (PIA) Demand Share, 2019-2026
13. Middle East & Africa Purified Isophthalic Acid (PIA) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Application
13.4.1. PET Resin
13.4.2. UPR Resin
13.4.3. Polyester
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Purified Isophthalic Acid (PIA) Market Size and Volume Forecast by Type
13.7.1. Purity 99.9%
13.7.2. Purity 99.8%
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Purified Isophthalic Acid (PIA) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Purified Isophthalic Acid (PIA) Market: Market Share Analysis
14.2. Purified Isophthalic Acid (PIA) Distributors and Customers
14.3. Purified Isophthalic Acid (PIA) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LOTTE Chemical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eastman
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Beijing Yanshan Petrochemical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mitsubishi Gas Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Indorama
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Perstorp
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Formosa Chemicals & Fibre Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
