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Polyethylene TerephthalateMarket

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Polyethylene Terephthalate Market report categorizes global market by Product Type (Carbonated Soft Drink, Bottled Water, Other Drinks, Sheets & Films, Food, Non-Food), Application, and Geography - Insights, Size, Share, Opportunity Analysis, and In
Polyethylene Terephthalate Market - Insights, Size, Share,
Opportunity Analysis till 2025
Polyethylene terephthalate is the most common plastic resin of polyester made
from the combination of two monomers. Polyethylene terephthalate, also
referred to as PET or PETE, is a remarkable cost and energy efficient packaging
material, which possesses properties of versatility, strength, and recyclability,
thus being used in various end-use industries such as packaging and textile. The
polyethylene terephthalate market is projected to boost an excellent
sustainability during the forecast period (2017-2025). However, growing
environmental pollution from the chemical and petrochemical industries is
expected to be one of the key concerns for the PET market. Despite various
environmental concerns of PET use, it is much favorable in comparison to steel,
aluminum, glass and other materials used for packaging, due to its high weight
bearing capacity and light weight, which in turn reduces the transportation cost
by utilizing less space and weight.
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Regional Insights
In 2016, Asia Pacific, followed by Europe and North America, respectively,
accounted for a major share in terms of revenue and volume, in the global
polyethylene terephthalate market, and the trend is expected to remain the same
over the forecast period. In 2016, the share in terms of volume, held by Asia
Pacific was 68.4% and by Europe was 12.5%. The growing demand for
carbonated soft drinks in Asia Pacific due to growing demand for packaged and
ready to eat food coupled with growing population, and infrastructure
development of retail and hospitality sector is expected to drive growth of the
global polyethylene terephthalate market over the forecast period. According to
a study conducted by Coherent Market Insights, the other drink application
segment market is expected to witness a CAGR of 8.8% from 2017 to 2025, in
terms of revenue, which in turn is expected to fuel growth of the global
polyethylene terephthalate market.
Multinational players need to tap potential addressable market in the
emerging regions with the help of geographical expansion
Product portfolio expansion and geographical expansion are the key market
trends, which are expected to shape the industry in the near future. Major
players in the global Polyethylene Terephthalate market include Alpek S.A.B de
C.V., RTP company, BASF SE, The Dow Chemicals Company, Jiangsu
Sanfangxiang Group, Indorama Ventures, M&G Chemicals, Nan Ya Plastics
Corporation, Far Eastern New Century, and Quadrant AG among others.
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Coherent Market Insights is a prominent market research and consulting firm
offering action-ready syndicated research reports, custom market analysis,
consulting services, and competitive analysis through various recommendations
related to emerging market trends, technologies, and potential absolute dollar
opportunity.
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pallavi.reddy
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