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Polyethylene Terephthalate (PET) Market

Polyethylene Terephthalate (PET) Market Size, Share & Trends Analysis Report

Polyethylene Terephthalate (PET) Market Size, Share Outlook Growth By Top Company, Development, Application, Segmentation, Trends And Forecast 2021-2027

Published
Report ID : BMRC 720
Number of pages : 300
Published Date : Nov 2022
Category : Chemical And Materials
Delivery Timeline : 48 hrs

Polyethylene Terephthalate (PET) Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Polyethylene Terephthalate (PET) Market place for the forecast 2021-2027.

Scope of The Polyethylene Terephthalate (PET) Market Report:

The use of PET in electronics & electrical has seen major developments, due to rise in requirement for lightweight materials and constant development in per capita disposable revenue.

PET is created by the polymerization of terephthalic acid and ethylene glycol and is recognized globally as a safe, non-toxic, strong, lightweight, and flexible material, which is entirely recyclable. It is employed in different applications, such as consumer goods, beverage packaging, food packaging, sheets & films, construction, and automotive. Increase in requirement for PET containers particularly from food & beverage industry and rise in requirement for frozen & processed food are some major factors powering the development of the global market.

The global polyethylene terephthalate (PET) market is divided by end-use industry, application, and geography. The application segment is divided into sheet & films, beverages, food packaging, consumer goods, and others. By end-use industry, the market is divided into electrical & electronics, packaging, construction, automotive, and others. The packaging section is predicted to clock a noteworthy CAGR during the coming period. Regionally, the market is divided across North America, Asia-Pacific, Europe, and LAMEA.

Polyethylene Terephthalate Manufacturers:

The major players included in the global polyethylene terephthalate (PET) market forecast are,

  • BASF, RTP Company
  • DSM
  • DuPont
  • Indorama Ventures
  • M&G Group
  • Lanxess Corporation
  • PET Processors LLC.
  • Lyondell Basell Industries N.V
  • Nan Ya Plastics
  • M&G Group
  • Toray Industries
  • Far Eastern New Century
  • Jiangsu Sanfangxiang Group
  • Tray-Pak Corporation
  • Quadrant AG
  • Eastman Chemical Company
  • Verdeco Recycling Inc.
  • Reliance Industries Ltd.
  • lpek S.A.B de C.V
  • Dhunseri Petrochem Ltd.

 Polyethylene Terephthalate (PET) Market Key Segments:

Product Type: Bottles, Films & Sheets, Other Product Types

End-user: Food & Beverage, Automotive, Electrical & Electronics, Healthcare, Textiles, Consumer Goods, Other

Requirement For Pet Substances For Environment-Friendly And Efficient Packaging Options To Power The Global Polyethylene Terephthalate (PET) Market

The packaging section provides maximum market potential in the Polyethylene terephthalate (PET) market, due to rise in requirement for PET substances for environment-friendly and efficient packaging options all over the world and increase in requirement for processed & packaged food. In addition to this, rise in preference of users toward easily recyclable & efficient beverage containers and development in employment as an eco-friendly option further power the development of the market. The use of PET in electronics & electrical has seen major developments, due to rise in requirement for lightweight materials and constant development in per capita disposable revenue. The market is predicted to clock a huge CAGR during the coming period. On the other hand, strict environmental laws and threat of options are predicted to impact the overall growth of the market in the developing and the developed nations. Moreover, spending in R&D activities to create less hazardous and innovative PET materials is predicted to offer opportunities for development in the future.

Market by Regional Analysis

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Asia Pacific Led The Polyethylene terephthalate (PET) market, Adding Up For A Huge Market Share

Asia Pacific led the Polyethylene terephthalate (PET) market, adding up for a huge market share. Rising usage of packaged food paired with the increasing requirement for automobile films in nations such as India, China, Malaysia, and Indonesia is predicted to power the requirement for polyethylene terephthalate (PET) market in Asia Pacific. The area is predicted to add up for a huge market share of the total income. This can be credited to different environmental laws laid down by global agencies such as International Union for Conservation of Nature (IUCN), Environmental Protection Agency (EPA), and Intergovernmental Panel on Climate Change (IPCC), which is expected to power the requirement for polyethylene terephthalate in the area.

In addition to this, factors such as cost sensitivity of the goods paired with the attendance of a huge number of players in the Polyethylene terephthalate (PET) market are expected to strengthen competition in the region.

SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Segmentation
Segments

Product Type:

  • Bottles
  • Films & Sheets
  • Other Product Types

End-user: 

  • Food & Beverage
  • Automotive
  • Electrical & Electronics
  • Healthcare
  • Textiles
  • Consumer Goods
  • Other
Country
Regions and Country

North America

  • U.S.
    U.S.
  • Canada
    Canada

Europe

  • Germany
    Germany
  • France
    France
  • U.K.
    U.K.
  • Italy
    Italy
  • Spain
    Spain
  • Sweden
    Sweden
  • Netherlands
    Netherlands
  • Turkey
    Turkey
  • Switzerland
    Switzerland
  • Belgium
    Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
    South Korea
  • Japan
    Japan
  • China
    China
  • India
    India
  • Australia
    Australia
  • Philippines
    Philippines
  • Singapore
    Singapore
  • Malaysia
    Malaysia
  • Thailand
    Thailand
  • Indonesia
    Indonesia
  • Rest of APAC

Latin America

  • Mexico
    Mexico
  • Colombia
    Colombia
  • Brazil
    Brazil
  • Argentina
    Argentina
  • Peru
    Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
    Saudi Arabia
  • UAE
    UAE
  • Egypt
    Egypt
  • South Africa
    South Africa
  • Rest of MEA
Company
Key Players
  • BASF, RTP Company
  • DSM
  • DuPont
  • Indorama Ventures
  • M&G Group
  • Lanxess Corporation
  • PET Processors LLC.
  • Lyondell Basell Industries N.V
  • Nan Ya Plastics
  • M&G Group
  • Toray Industries
  • Far Eastern New Century
  • Jiangsu Sanfangxiang Group
  • Tray-Pak Corporation
  • Quadrant AG
  • Eastman Chemical Company
  • Verdeco Recycling Inc.
  • Reliance Industries Ltd.
  • lpek S.A.B de C.V
  • Dhunseri Petrochem Ltd.

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