Dimethyl terephthalate, also called dimethyl 1, 4-benzene dicarboxylate, is utilized as a feedstock in manufacturing polybutylene terephthalate (PBT) and polyethylene terephthalate (PET). According to BlueQuark Research & Consulting, the global Dimethyl Terephthalate (DMT) market is expected to witness significant growth during the forecasted period. Factors such as the increasing demand for Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) will likely drive the Dimethyl terephthalate market in the forecasted period. Further, the rising demand for polyesters in several end-user industries, including consumer electronics, textile, packaging, etc., is predicted to drive the global dimethyl terephthalate (DMT) market in the forecasted period. Furthermore, the increasing demand growth in population and demand for raw materials such as fossil fuels, minerals, and biomass have adversely affected the environment, and biodiversity is expected to drive the demand for Dimethyl terephthalate. However, it is more economical to utilize purified terephthalic acid (PTA) rather than DMT for grades of polyester used in food and beverage containers. This can serve as a hamper for the Dimethyl terephthalate market.

Dimethyl Terephthalate (DMT) is used in manufacturing polyethylene terephthalate (PET) for container plastics, film, and specialty plastics applications. DMT is used mainly for the production of polyester fibers and resins. 

Polyethylene Terephthalate (PET) will likely drive the market during the forecast period due to its high usage in end-user industries such as packaging, construction, and electronics. Moreover, the increasing demand for flexible packaging increases the need for PET, which is expected further to fuel the global dimethyl terephthalate (DMT) market. Among various applications, the primary application of DMT serves in the production of PET resin and polymer. The application of PET has been surging in various end-user industries, like packaging, construction, and electronics. The growing demand for flexible packaging is further driving the need for PET. Thus, with the increasing PET demand from such industries, the production of PET is also predicted to increase, which is likely to propel the demand for DMT in the forecasted period. Dimethyl terephthalate also finds use in fabricating polyester resins for varnishes, films, and adhesives. PET plastics are the most favored materials in the packaging sector. It is widely deployed for packaging various food and beverage products owing to its lightweight, durable, impact-resistant, and hygienic properties and maintaining the products' freshness. Additionally, these bottles find extensive consumption in various consumable products, including detergents, alcoholic beverages, medicines, and personal care products & cosmetics. And since dimethyl terephthalate is often utilized for manufacturing consumer electronic products, it acts as a driver for the DMT market during the forecasted period. PET is a strong, clear, lightweight plastic extensively used for packaging foods and beverages, mainly for convenience-sized soft drinks, juices and water. This is predicted to drive the need for dimethyl terephthalate in the production of PET. Thus, with the increasing PET demand from such industries, the production of PET is also expected to increase, which will propel the dimethyl terephthalate market in the forecasted period.

Asia-Pacific is awaited to dominate the market due to the surge in output of various end-user industries, like food & beverage, electrical & electronics, and pharmaceutical industries, which has substantially increased the demand for Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT). Moreover, countries like India, Indonesia, China, and Japan are attracting various investments for the various end user industries that utilize Dimethyl Terephthalate (DMT) for manufacturing. Consequently, the market for Dimethyl Terephthalate (DMT) in Asia Pacific is expected to witness a vital growth rate during the forecasted period. The DMT intermediate product is produced by joint oxidation of a mixture containing predominantly p-xylene and p-toluene acid methyl ester in a liquid phase with oxygen gas. The acids made then undergo methyl-esterification. PBT is extensively used as an insulator in the electrical and electronics industry. Its demand is increasing in the automotive industry for substituting replaceable metal parts, owing to the rising demand for lightweight automobiles. Besides this, PBT fiber is also worn in toothbrushes, false eyelashes, and more. The increasing demand for PET polymer for utilization in the packaging of products, such as food, beverages, cosmetics, pharmaceuticals, household chemicals, and toiletries, producing both food and non-food films, production of credit and debit cards and more are further propelling the demand for dimethyl terephthalate for producing PET polymer. Increased demand for bottled water and ready-to-eat food products has boosted the production of plastics such as films and bottles. Polyethylene terephthalate has high clarity, low permeability, excellent printability, and recyclability. Therefore, it is increasingly used to formulate flexible packaging films, beverage bottles, etc. Furthermore, changes in the Earth's climatic condition have led to increased carbon dioxide emission levels across the globe. These features have created an imbalance in the ecosystem, leading to a move toward eco-friendly products. This has led to surged research and development in manufacturing biomass-based dimethyl terephthalate. This is awaited to drive the demand for DMT in the production of polyethylene terephthalate. 

The global Dimethyl Terephthalate market is partially segmented. Some key market players are Eastman Chemical Company, INVISTA, SK chemicals, Fiber Intermediate Products Company, and SASA Polyester Sanayi A.Ş., among others.

In March 2019, Eastman's methanolysis reusing technology promised to convert polyesters into their constituent monomers. The company's process utilizes methanolysis, broadly treating PET with methanol under pressure and heat, resulting in its depolymerization. The process yields DMT and ethylene glycol (EG).

Global Dimethyl Terephthalate (DMT) Market report provides deep insight into the current and future state of the Dimethyl Terephthalate (DMT) market across various regions. The study comprehensively analyzes the Dimethyl Terephthalate (DMT) market by segmenting based on geography, Form (Flake DMT and Liquid DMT), Application (Polyethylene Terephthalate, Polybutylene Terephthalate, and Others). The report examines the market drivers and restraints influencing the growth in detail. The study covers & includes emerging market size, trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of prominent companies, including their market shares and projects.