Friday, November 07, 2008

Global PTA Consumption to exceed 50.5 mln tons by 2012

Global consumption of Purified Terephthalic Acid (PTA) is projected to exceed 50.5 mln tons by the end of the year 2012 as per a report by Global Industry Analysts, Inc. PTA industry is facing surpluss capacity due to massive capacity expansions taking place in China, driven by the huge capacity additions in Chinese polyester industry.

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