The dimethyl terephthalate market is valued at a CAGR of 0.77%, reaching a market size of US$932.635 million in 2030 from US$854.754 million in 2025.
Prominent drivers, such as the rising demand for polyethylene terephthalate (PET) products, especially from the packaging industry, are propelling the dimethyl terephthalate (DMT) market expansion. Polyethylene terephthalate finds its application due to its durability, lightweight, and recyclability. It is widely used in manufacturing plastic bottles, films, and fibers.
Further, DMT is used for polyester fibers, which are used in synthetic materials and are less expensive than natural fibers. Due to the expansion of the global textile industry, the demand for polyester fibers is driving the need for DMT. Additionally, with the growing automotive industry worldwide, the application of DMT for polyester resins and fibers in the body parts of vehicles will also expand.
PET is made by polymerizing ethylene glycol with terephthalic acid or transesterification with dimethyl terephthalate. The increasing demand for PET would lead to the growing application of dimethyl terephthalate. PET plastics have increased significantly over the past few years, replacing glass and PVC. In February 2023, SUEZ, Loop Industries, and SK Geo Centric announced the selection of Saint-Avold, France, as the site to manufacture virgin-quality PET plastic made from 100% recycled content. The facility would manufacture 100% recycled and infinitely recyclable virgin-quality polyethylene terephthalate (“PET”) resin and has a capacity of 70,000 metric tons per year.
Further, in February 2024, Mitsubishi Chemical Group developed the ZR Series of NOVADURAN PBT resin, a foaming grade with ultra-low specific gravity. The ZR Series is a new grade having rigid fiber-reinforced engineering plastic. These polymers are used to produce plastics, textiles, bottles, and packaging products. The increased application of polyethylene terephthalate and polybutylene terephthalate would lead to the demand for DMT.
Plasticizers are used in the industry to increase the workability, flexibility, and durability of polymers like PVC. It is used in industries such as automobiles, medical, and consumer goods. Plasticizers are one of the major chemicals. However, a trend toward sustainability and eco-friendly materials is significantly impacting the demand for polymer materials.
By geography, the dimethyl terephthalate (DMT) market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.
The Asia Pacific region is expected to see the fastest growth in the dimethyl terephthalate market due to its increasing applications in consumer electronics, automobiles, and the aerospace industry.
North America is also expected to have a significant market share for DMT due to its major utilization across various industries, such as polyethylene terephthalate and polybutylene terephthalate manufacturing.
Dimethyl terephthalate (DMT) market is segmented by form and application.
By Form, the market is segmented into flake (Solid) DMT and liquid DMT. Flake (Solid) DMT would witness demand due to its application in the fibers used in the manufacturing of yarns, ropes, seatbelts, and other industrial products. Liquid DMT demand would witness demand from the end-user industries like textile and chemical industries.
The DMT market leaders are Eastman Chemical Company, Merck KGaA, Tokyo Chemical Industry Pvt. Ltd., DDBST GmbH, Spida Group, and SK Chemicals, among others. These key players implement growth strategies such as product launches, mergers, acquisitions, etc., to gain a competitive advantage.
| Report Metric | Details |
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Dimethyl Terephthalate (DMT) Market Size in 2025 |
US$854.754 million |
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Dimethyl Terephthalate (DMT) Market Size in 2030 |
US$932.635 million |
| Growth Rate | CAGR of 0.77% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2025 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Million |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
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List of Major Companies in Dimethyl Terephthalate (DMT) Market |
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| Customization Scope | Free report customization with purchase |
The dimethyl terephthalate (DMT) market is analyzed into the following segments: