Isopthalic Acid Market 2019 Revenue & Growth Forecast by Top Key Players - Lotte Chemical Corporation, British Petroleum, Exxonmobil, Perstorp, Total Petrochemicals
Isophthalic acid is an aromatic colorless organic compound which serves as an isomer of terepthalic acid and phthalic acid and is industrially manufactured by the oxidizing meta-xylene. There is an increase in the demand for PET bottle and containers among end-user especially in companies manufacturing soft drinks, detergents, cosmetics and pharmaceutical products among others. PET also finds application in the production of water resistant papers. This increased demand of PTE is forecasted to boost the market growth.
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