Research On Polyethylene Terephthalate (PET) Market Report 2014 – 2021

Polyethylene Terephthalate

A new report on Global Polyethylene Terephthalate (PET) Industry 2021 Market Research Report seen on analyses the complete market. The industry sales & production volumes, industry’s trends are all discussed,explained and analysed.

Polyethylene terephthalate (PET) is a white crystalline thermoplastic belonging to the polymer family. It is prepared from ethylene glycol and terephthaliac acid. Polyethylene terephthalate (PET) has various industrial applications which include electronics, automotive, food and beverages and other end-user applications.

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Polyethylene terephthalate is widely used in packaging industry owing to its water and moisture resistant property. Global polyethylene terephthalate (PET) market is segmented based on its application into sheet/film, food, alcoholic and hot beverages, CSD and bottled water and others. Food and bottled water packaging are most prominent application segments empowering the growth of this market.

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High demand for PET from electronics and automotive industry significantly propels the growth of global polyethylene terephthalate market. High barrier properties of PET and increased use of PET in food and beverage packaging rapidly boosts the growth of this market. Alcoholic beverages need special preservation techniques and packaging. Use of PET in alcoholic beverage packaging is another significant factor to surge the growth of this market. Other applications like sheets and films made from PET further drives the growth of this market. Stringent government regulations on the use of PET will hamper market growth to some extent.

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Asia Pacific is the leading region of this market. Rapid growth of packaging and automotive industry in this region supports the high market growth of Asia Pacific. North America and Europe are mature regions with fast market growth. MEA and Latin America are emerging regions expected to show considerable market growth. Key players in global polyethylene terephthalate (PET) market are Indorama Ventures, Jiangsu Sanfangxiang Group, Lanxess Corporation, Nan Ya Plastics, Far Eastern New Century, Toray Industries, BASF, DuPont, DSM and M&G Group.


Polyethylene Terephthalate (PET) By Applications :

1. CSD And Bottled Water
2. Alcoholic And Hot Beverages
3. Sheet/Film
4. Food

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