Dimethyl Terephthalate (dimethyl 1, 4-benzene dicarboxylate) market demand is driven by the increasing use of polymer plastics. Increasing demand for DMT as chemical intermediate for polyester fibers across Consumer electronics, Packaging components, non-food contact, Polymer modification, and other applications drives the future consumption of DMT.
In particular, potential cost advantages, superior performance, and wide availability drive the market outlook. On the other hand, penetration of TPA (Terephthalic Acid) poses significant competition to the sales volume of DMT. Plasticizers including Dimethyl terephthalate are increasingly used to modify and improve polymer materials. The growing demand for polyethylene terephthalate for fiber, film, container plastics, specialty plastics, and others fuel the market outlook.
Global production of 1.5 Million tonnes of DMT is largely directed towards the production of plastic polyesters such as polyethylene terephthalate (PET), polybutylene terephthalate (PBT) and polytrimethylene terephthalate (PTT). DMT is produced generally from xylene isomers in a multi-stage process of oxidation and esterification but direct esterification of terephthalic acid with methanol is also used. Asia remains the largest producer and consumer of DMT, predominantly in China. The trade dynamics are also centered around the region with China and Japan leading imports while South Korea leads the exports. The table below details the imports and exports of DMT.
Table- Global Dimethyl Terephthalate Imports and Exports by Country, USD Million, 2023
USD Thousand |
Imports |
|
|
Exports |
World |
163,867 |
|
World |
162,355 |
China |
45,528 |
|
Korea, Republic of |
75,544 |
Japan |
21,304 |
|
Türkiye |
44,491 |
Luxembourg |
16,940 |
|
Germany |
17,622 |
Germany |
16,606 |
|
China |
9,170 |
Belgium |
16,553 |
|
United States of America |
7,713 |
Italy |
15,899 |
|
Others |
7,815 |
Source: ITC Trademap
The global demand for polyethylene terephthalate (PET) in the packaging and automotive applications continues to drive DMT sales volume. DMT manufacturers focus on long-term supply agreements with manufacturers of PET products to drive sales. In addition, Polyester fibers made from DMT are increasingly used in the automotive sector for seat belts, airbags, and upholstery. Further, the increasing demand for versatile and low-cost synthetic fibers in fashion, home furnishings, and industrial textiles presents an opportunity for vendors. Amidst widening applications and growing drive towards environmental PET, DMT vendors developing and supplying bio-based DMT are set to gain a competitive edge.
Technological advancements in Dimethyl Terephthalate (DMT) production are primarily driven by innovation in recycling technologies and process optimization. Key manufacturers are marketing new technologies to cater to the increasing preference for polyester recycling. For instance, Eastman markets molecular recycling technology, where rejected PET waste is converted into reusable raw materials for DMT production. Similarly, RePEaT Co., Ltd.'s chemical recycling technology is increasingly licensed for its efficiency in breaking down and repolymerizing polyester products derived from DMT. Further, European DMT companies are focusing on bio-based polymer developments, offering DMT alternatives that reduce dependence on fossil fuels.
In 2024, Dimethyl Terephthalate (DMT) flakes accounted for 68.3% of the market share due to their predominant use in the polyester and PET production processes. Ease of handling, storage, and integration into automated production systems support the manufacturing and trading of DMT across high-performance polyester fibers used in apparel, home furnishings, and industrial applications.
For instance, Eastman Chemical Company produces DMT flakes with high purity levels for polyester fiber production used in apparel and industrial applications. SK Chemicals also focuses on DMT flakes for applications in high-performance polyethylene terephthalate (PET) bottles. Further, the rising demand for recycled PET (rPET) production is encouraging Indorama Ventures and Alpek Polyester increasingly use DMT flakes as raw material in their recycling processes.
Strong demand for polyethylene terephthalate (PET) resins across consumer and industrial products including plastic bottles, food packaging, and polyester fibers drives the use of DMT. In 2024, the PET segment accounted for 58.9% revenue share in the global Dimethyl Terephthalate. PET derived from DMT generates additional value owing to durability, lightweight properties, and recyclability properties. In addition, DMT-based polyester fibers are witnessing increased demand for clothing, home furnishings, and industrial applications. Alpek Polyester and Reliance Industries are increasingly using DMT to manufacture high-performance materials for synthetic textiles. Further, increasing adoption of recycled PET (rPET) further boosts the revenue generated over the forecast period.
Asia Pacific is the largest end-user of DMT with 78.6% market share and is poised to register a robust 3.7% CAGR over the forecast period to 2032. China is the single largest country in the region and other Asia is the most potential growth market in Asia Pacific. China’s rapidly growing textile industry, along with its substantial packaging and automotive sectors, continues to propel DMT consumption, especially for the production of PET resins and polyester fibers. In addition, increasing demand from Vietnam, Thailand, and Indonesia, where industries related to textiles, packaging, and consumer goods are expanding rapidly present strong import-export opportunities.
The global Dimethyl Terephthalate market is fragmented with the presence of both domestic and global players. Leading companies included in the study are BLD Pharmatech Ltd, Chengdu Sustar Feed Co. Ltd, Connect Chemicals GmbH, Eastman Chemical Co., Fiber Intermediate Products Co., Haihang Industry Co. Ltd, Indorama Ventures Public Co. Ltd, Kanto Chemical Co. Inc, Kishida Chemical Co. Ltd, Merck KGaA, MuBy Chemicals, National Analytical Corp, OAO Mogilevkhimvolokno, OXXYNOVA GmbH, Sarna Chemical Pvt. Ltd, Sasa Polyester Sanayi A.S., Simson Pharma Ltd, SK Chemicals Co. Ltd, Teijin Ltd, Tokyo Chemical Industry Co. Ltd, Vizag Chemical International, and others.
Parameter |
Details |
Market Size (2024) |
$912.7 Million |
Market Size (2032) |
$1.2 Billion |
Market Growth Rate |
3.5% |
Largest Segment- Application |
PET Segment (58.9% market share) |
Fastest Growing Market- Region |
Asia Pacific (3.7% CAGR) |
Largest Segment- Type |
Flakes (68.3% Revenue Share) |
Segments |
Types, Grades, Applications |
Study Period |
2018- 2023 and 2024-2032 |
Units |
Revenue (USD) |
Qualitative Analysis |
Porter’s Five Forces, SWOT Profile, Market Share, Scenario Forecasts, Market Ecosystem, Company Ranking, Market Dynamics, Industry Benchmarking |
Companies |
BLD Pharmatech Ltd, Chengdu Sustar Feed Co. Ltd, Connect Chemicals GmbH, Eastman Chemical Co., Fiber Intermediate Products Co., Haihang Industry Co. Ltd, Indorama Ventures Public Co. Ltd, Kanto Chemical Co. Inc, Kishida Chemical Co. Ltd, Merck KGaA, MuBy Chemicals, National Analytical Corp, OAO Mogilevkhimvolokno, OXXYNOVA GmbH, Sarna Chemical Pvt. Ltd, Sasa Polyester Sanayi A.S., Simson Pharma Ltd, SK Chemicals Co. Ltd, Teijin Ltd, Tokyo Chemical Industry Co. Ltd, Vizag Chemical International |
Countries |
US, Canada, Mexico, Germany, France, Spain, Italy, UK, Russia, China, India, Japan, South Korea, Australia, South East Asia, Brazil, Argentina, Middle East, Africa |
Type
Application
Countries Analyzed
Dimethyl Terephthalate Companies Profiled in the Study
*- List Not Exhaustive
About USD Analytics
Table of Contents
1. Executive Summary
What’s New in 2024?
Top 10 Takeaways from the industry
Potential Opportunities for Industry Stakeholders
Strategic Imperatives
Company Market Positioning
Industry Benchmarking Matrix
2. Research Scope and Methodology
Market Definition
Market Segments
Companies Profiled
Research Methodology
Data Sources
Conversion Rates for USD
Abbreviations
3. Strategic Landscape: Key Insights and Implications
Spotlight: Key Strategies opted by Business Leaders
Competitive Landscape
SWOT Analysis
Porter’s Five Force Analysis
Macro-Environmental Analysis
5. Growth Opportunity Analysis
Trends at a Glance
Market Dynamics
Key Industry Stakeholders
Regulatory Landscape
6. Market Size Outlook to 2032
Global Dimethyl Terephthalate Market Size Forecast, USD Million, 2018- 2032
Scenario Analysis
Pricing Analysis and Outlook
7. Historical Dimethyl Terephthalate Market Size by Segments, 2018- 2023
Key Statistics, 2024
Dimethyl Terephthalate Market Size Outlook by Type, USD Million, 2018-2023
Growth Comparison (y-o-y) across Dimethyl Terephthalate Types, 2018-2023
Dimethyl Terephthalate Market Size Outlook by Application, USD Million, 2018-2023
Growth Comparison (y-o-y) across Dimethyl Terephthalate Applications, 2018-2023
8. Dimethyl Terephthalate Market Size Outlook by Segments, 2024- 2032
Dimethyl Terephthalate Market Size Outlook by Type, USD Million, 2024-2032
Growth Comparison (y-o-y) across Dimethyl Terephthalate Types, 2024-2032
Dimethyl Terephthalate Market Size Outlook by End-Users, USD Million, 2024-2032
Growth Comparison (y-o-y) across Dimethyl Terephthalate End-Users, 2024-2032
9. Dimethyl Terephthalate Market Size Outlook by Region
North America
Europe
Asia Pacific
South America
Middle East and Africa
10. United States Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
United States Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
United States Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
United States Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
11. Canada Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Canada Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Canada Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Canada Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
12. Mexico Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Mexico Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Mexico Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Mexico Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
13. Germany Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Germany Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Germany Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Germany Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
14. France Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
France Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
France Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
France Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
15. United Kingdom Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
United Kingdom Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
United Kingdom Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
United Kingdom Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
10. Spain Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Spain Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Spain Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Spain Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
16. Italy Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Italy Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Italy Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Italy Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
17. Benelux Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Benelux Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Benelux Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Benelux Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
18. Nordic Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Nordic Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Nordic Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Nordic Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
19. Rest of Europe Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Europe Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Rest of Europe Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Rest of Europe Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
20. China Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
China Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
China Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
China Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
21. India Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
India Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
India Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
India Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
22. Japan Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Japan Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Japan Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Japan Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
23. South Korea Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
South Korea Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
South Korea Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
South Korea Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
24. Australia Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Australia Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Australia Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Australia Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
25. South East Asia Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
South East Asia Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
South East Asia Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
South East Asia Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
26. Rest of Asia Pacific Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Asia Pacific Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Rest of Asia Pacific Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Rest of Asia Pacific Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
27. Brazil Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Brazil Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Brazil Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Brazil Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
28. Argentina Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Argentina Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Argentina Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Argentina Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
29. Rest of South America Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of South America Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Rest of South America Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Rest of South America Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
30. United Arab Emirates Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
United Arab Emirates Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
United Arab Emirates Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
United Arab Emirates Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
31. Saudi Arabia Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Saudi Arabia Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Saudi Arabia Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Saudi Arabia Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
32. Rest of Middle East Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Middle East Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Rest of Middle East Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Rest of Middle East Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
33. South Africa Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
South Africa Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
South Africa Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
South Africa Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
34. Rest of Africa Dimethyl Terephthalate Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Africa Dimethyl Terephthalate Market Size Outlook by Type, 2021- 2032
Rest of Africa Dimethyl Terephthalate Market Size Outlook by Application, 2021- 2032
Rest of Africa Dimethyl Terephthalate Market Size Outlook by End-User, 2021- 2032
35. Key Companies
Market Share Analysis
Company Benchmarking
Financial Analysis
36. Recent Market Developments
37. Appendix
Looking Ahead
Research Methodology
Legal Disclaimer
Type
Application
Countries Analyzed
The global Dimethyl Terephthalate market size is set to increase from $912.7 Million in 2024 to $1.2 Billion in 2032, registering a CAGR of 3.5% during the forecast period
PET Segment (58.9% market share), PET Segment (58.9% market share)
BLD Pharmatech Ltd, Chengdu Sustar Feed Co. Ltd, Connect Chemicals GmbH, Eastman Chemical Co., Fiber Intermediate Products Co., Haihang Industry Co. Ltd, Indorama Ventures Public Co. Ltd, Kanto Chemical Co. Inc, Kishida Chemical Co. Ltd, Merck KGaA, MuBy Chemicals, National Analytical Corp, OAO Mogilevkhimvolokno, OXXYNOVA GmbH, Sarna Chemical Pvt. Ltd, Sasa Polyester Sanayi A.S., Simson Pharma Ltd, SK Chemicals Co. Ltd, Teijin Ltd, Tokyo Chemical Industry Co. Ltd, Vizag Chemical International, and others
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume
Asia Pacific (3.7% CAGR)