Polyethylene Terephthalate Market

Market Overview

Polyethylene terephthalate, which is also called PET is a thermoplastic polymer resin produced by the reaction of raw materials monoethylene glycol (MEG) and purified terephthalic acid (PTA). The material exhibits exceptional barrier properties towords moisture and water. Polyethylene terephthalatefinds applications across diverse industries such as automotive, food and beverage packaging, electronics among the others.

Recently, Reliance Industries have announced to open two petrochemical plants in Dahej, Gujrat, for making polyester plastic and would also commissioned a 650 KTA polyethylene terephthalate (PET) resin capacity and purified terephthalic acid (PTA) plant. It will increase their global capacity share of almost 4 percent and would also lower the operational cost and achieve full chain margins.

Polyethylene Terephthalate Market: Drivers & Restraints

Increasing demand of polyethylene terephthalate from food and beverage sector like in carbonated soft drinks packaging, increase demand for packaged food due to rise in consumption of frozen and processed food, rise in demand for electronics and automotive applications/industries and eco friendly substitution are the most important driving factors in the polyethylene terephthalate market. Also, rapid urbanization, innovative packaging and high economic growth is contribution in increasing the demand for polyethylene terephthalate regardless of the geographical location.

Stringent environmental rules and regulations by government and threat of substitutes, are acting as a barrier for polyethylene terephthalate market.

Polyethylene Terephthalate Market: Overview

Polyethylene terephthalate market has grown substantially at a healthy CAGR due to an increase use of PET in food and beverages industry. With rapid technological advancement market and increasing demand from end user industries like automotive, packaging and electronics is expected to fuel the growth of the polyethylene terephthalate market. Asia Pacific represents the largest market for this product category. China and India will emerge as the fastest growing region for polyethylene terephthalate market.

Polyethylene Terephthalate Market: Region-wise Outlook

Polyethylene terephthalate market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions polyethylene terephthalate market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific is the fastest growing market followed by Europe and North America. This is due to the increasing demand of polyethylene terephthalate and ethylene from these regions. There’s is a robust demand of polyethylene terephthalate from Africa and Middle East.

Polyethylene Terephthalate Market: Key Players

Some of the key market players in polyethylene terephthalate market are Toray Industries, Badische Anilin- und Soda-Fabrik (BASF), DuPont, DSM, M&G Group, Indorama Ventures, Jiangsu Sanfangxiang Group, Lanxess Corporation, Nan Ya Plastics, Far Eastern New Century.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.