What is driving China's DMT market size and demand trends through 2030?

What is driving China's DMT market size and demand trends through 2030?
China's DMT market reached RMB 434 million in 2023, with demand of 37,700 tons, supported by rising plastics output and downstream textile, packaging, and engineering plastics consumption. DMT is produced either by esterifying PTA with methanol or via staged oxidation/esterification of PX. Domestic supply is fragmented, with few small producers and heavy reliance on imports, mainly from Eastman, Invista, SK, and Teijin. Key consuming regions are Beijing, Shanghai, Zhejiang, and Jiangsu, reflecting trade-oriented distribution. Growth in high-quality apparel, food and electronics packaging, and automotive/building materials is expected to sustain demand, though the lack of large domestic leaders keeps pricing power overseas.