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Global Polyethylene Terephthalate (PET) Market 2021: Segmentation Application, Technology & Market Analysis Research Report to 2024

Polyethylene Terephthalate (PET)

Polyethylene Terephthalate (PET) Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Polyethylene Terephthalate (PET) market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Increasing Demand for PET Bottles

PET bottles are also recycled for various purposes. For example, they are used in solar water disinfection in developing nations, in which empty PET bottles are filled with water and left in the sun to allow disinfection by ultraviolet radiation. PET is useful for this purpose because many other materials (including window glass) that are transparent to visible light are opaque to ultraviolet radiation.
Another niche application of PET bottles is as an Eco-Bricks in the developing countries of Asia, Africa, and Latin America. According to Indian Journal of Science and Technology, the PET bottles filled with sand, soil, fly-ash or any other material like a household plastic waste when well compacted can be used as a building material replacing traditional bricks. The strength parameters of filled plastic bottles are on a higher end as compared to traditional bricks. The eco-bricks are light in weight and possess the same thermal properties as of traditional bricks. The eco-bricks have high sound reduction index as compared to concrete blocks. Eco-bricks also do not permit light to pass through then as when seen by naked eyes.
All the aforementioned factors, in turn, are expected to increase the demand for the PET market during the forecast period.

Asia-Pacific Region to Dominate the Market

The PET market in the Asia-Pacific region is driven by the factors, such as population growth, the rise in disposable income, urbanization in developing economies, and growing demand for fast moving consumer goods.
China accounted for approximately 20% of the global market and the demand is expected to grow drastically during the forecast period.
China is a major producer of PET resins with the PetroChina Group and Jiangsu Sangfangxiang among the global largest manufacturers in terms of volume, in 2017, with capacities of 2.5 million kilo metric ton and 2.1 million kilo metric ton, respectively.
The use of engineering plastic products in the packaging sector (PET containers, bottles, etc.) is increasing at a tremendous rate, owing to their advantages over the conventional packaging plastics used. The demand from industries like food and beverage, consumer goods, and others for packing materials is increasing in China, owing to the increasing exports, as well as domestic consumption.
All the aforementioned factors, in turn, are expected to increase the demand for the PET in the region during the forecast period.

Market Overview:

  • The global polyethylene terephthalate (PET) market is expected to register a significant growth, an estimated CAGR of 5.33% during the forecast period. Major factors driving the market studied include growing food and beverage industry, increase in PET collection and recycling rates in , and demand for sustainable and recyclable materials. Stringent regulations regarding the usage of PET and increasing usage of substitute products, such as high-density polyethylene, are expected to hinder the growth of the market studied.
  • The shift towards flexible packaging is likely to act as an opportunity for the market’s growth in the future.
  • Bottles segment accounted for the largest market share of around 70% in 2018. Furthermore, it is estimated to register the fastest CAGR during the forecast period.
  • Food and beverage industry dominated the market at an estimated share of around 75% in 2018. <

    Key Manufacturers Like 

  • Alpek SAB de CV
  • China Resources Chemical Materials Technology Co. Ltd
  • Far Eastern New Century Corporation
  • Hengli Group Co. Ltd
  • Hengyi Petrochemical Co. Ltd
  • Indorama Ventures Public Company Limited
  • JBF Industries Ltd
  • Jiangsu Sanfangxiang Group
  • Lotte Chemical Corporation
  • Octal
  • Reliance Industries Ltd
  • Saudi Basic Industries Corporation (SABIC)
  • Sinopec Group
  • Zhejiang Zhink Group Co. Ltd
  • Indorama Ventures Public Company Limited
  • Alpek S.A.B. de C.V.
  • Sinopec Group
  • Far Eastern New Century Corporation
  • Jiangsu Sanfangxiang Group.

    Scope of the Report:

  • This report studies the global Polyethylene Terephthalate (PET) market size, industry status and forecast, competition landscape and growth opportunity.

    Polyethylene Terephthalate (PET) market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Polyethylene Terephthalate (PET) market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Polyethylene Terephthalate (PET) market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Polyethylene Terephthalate (PET) market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Polyethylene Terephthalate (PET) market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Polyethylene Terephthalate (PET) ?
    • Who are Opportunities, Risk and Driving Force of Polyethylene Terephthalate (PET) market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Polyethylene Terephthalate (PET) space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Polyethylene Terephthalate (PET) market opportunities, market risk and market overview of the Market?

    Lastly, the Global Polyethylene Terephthalate (PET) Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Polyethylene Terephthalate (PET) Market Report:

    • To provide a detailed analysis of the market structure along with the Polyethylene Terephthalate (PET) market forecast of various segments and sub-segments of the Polyethylene Terephthalate (PET) market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Polyethylene Terephthalate (PET) market trends that influence the global Polyethylene Terephthalate (PET) market

    Detailed TOC of Polyethylene Terephthalate (PET) Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Growing Food and Beverage Industry
    4.1.2 Increase in PET collection and recycling rates in
    4.1.3 Demand for Sustainable and Recyclable Materials
    4.2 Restraints
    4.2.1 Stringent Regulations Regarding the Usage of PET
    4.2.2 Increasing Usage of Substitute Products, Such as High-density Polyethylene
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5 MARKET SEGMENTATION
    5.1 Product Type
    5.1.1 Bottles
    5.1.2 Films & Sheets
    5.1.3 Other Product Types
    5.2 End-user Industry
    5.2.1 Food & Beverage
    5.2.2 Automotive
    5.2.3 Electrical & Electronics
    5.2.4 Healthcare
    5.2.5 Consumer Goods
    5.2.6 Other End-user Industries
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.1.1 China
    5.3.1.2 India
    5.3.1.3 Japan
    5.3.1.4 South Korea
    5.3.1.5 Rest of Asia-Pacific
    5.3.2 North America
    5.3.2.1 United States
    5.3.2.2 Canada
    5.3.2.3 Mexico
    5.3.2.4 Rest of North America
    5.3.3
    5.3.3.1 Germany
    5.3.3.2 United Kingdom
    5.3.3.3 Italy
    5.3.3.4 France
    5.3.3.5 Rest of
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia
    5.3.5.2 South Africa
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Alpek SAB de CV
    6.4.2 China Resources Chemical Materials Technology Co. Ltd
    6.4.3 Far Eastern New Century Corporation
    6.4.4 Hengli Group Co. Ltd
    6.4.5 Hengyi Petrochemical Co. Ltd
    6.4.6 Indorama Ventures Public Company Limited
    6.4.7 JBF Industries Ltd
    6.4.8 Jiangsu Sanfangxiang Group
    6.4.9 Lotte Chemical Corporation
    6.4.10 Octal
    6.4.11 Reliance Industries Ltd
    6.4.12 Saudi Basic Industries Corporation (SABIC)
    6.4.13 Sinopec Group
    6.4.14 Zhejiang Zhink Group Co. Ltd
    6.4.15 Indorama Ventures Public Company Limited
    6.4.16 Alpek S.A.B. de C.V.
    6.4.17 Sinopec Group
    6.4.18 Far Eastern New Century Corporation
    6.4.19 Jiangsu Sanfangxiang Group

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Advent of Bio-based PET
    7.2 Shift toward Flexible Packaging

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