Polyethylene Terephthalate Marketsize in terms of volume and value 2015-2025
Future Market Insights has announced the addition of the “Polyethylene Terephthalate Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.
Future Market Insights has announced the addition of the “Polyethylene Terephthalate Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.
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<strong>Polyethylene</strong><br />
<strong>Terephthalate</strong> Market<br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong> Forecast,<br />
<strong>2015</strong>-<strong>2025</strong><br />
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Report Description<br />
<strong>Polyethylene</strong> terephthalate, which is also called PET is a thermoplastic polymer res<strong>in</strong><br />
produced by the reaction <strong>of</strong> raw materials monoethylene glycol (MEG) <strong>and</strong> purified<br />
terephthalic acid (PTA). The material exhibits exceptional barrier properties towards moisture<br />
<strong>and</strong> water. <strong>Polyethylene</strong> terephthalate f<strong>in</strong>ds applications across diverse <strong>in</strong>dustries such as<br />
automotive, food <strong>and</strong> beverage packag<strong>in</strong>g, electronics among the others.<br />
Recently, Reliance Industries have announced to open two petrochemical plants <strong>in</strong> Dahej,<br />
Gujarat, for mak<strong>in</strong>g polyester plastic <strong>and</strong> would also commissioned a 650 KTA polyethylene<br />
terephthalate (PET) res<strong>in</strong> capacity <strong>and</strong> purified terephthalic acid (PTA) plant. It will <strong>in</strong>crease<br />
their global capacity share <strong>of</strong> almost 4 percent <strong>and</strong> would also lower the operational cost <strong>and</strong><br />
achieve full cha<strong>in</strong> marg<strong>in</strong>s.<br />
<strong>Polyethylene</strong> <strong>Terephthalate</strong> Market: Drivers & Restra<strong>in</strong>ts<br />
Increas<strong>in</strong>g dem<strong>and</strong> <strong>of</strong> polyethylene terephthalate from food <strong>and</strong> beverage sector like <strong>in</strong><br />
carbonated s<strong>of</strong>t dr<strong>in</strong>ks packag<strong>in</strong>g, <strong>in</strong>crease dem<strong>and</strong> for packaged food due to rise <strong>in</strong><br />
consumption <strong>of</strong> frozen <strong>and</strong> processed food, rise <strong>in</strong> dem<strong>and</strong> for electronics <strong>and</strong> automotive<br />
applications/<strong>in</strong>dustries <strong>and</strong> eco-friendly substitution are the most important driv<strong>in</strong>g factors <strong>in</strong><br />
the polyethylene terephthalate market. Also, rapid urbanization, <strong>in</strong>novative packag<strong>in</strong>g <strong>and</strong><br />
high economic growth is contribution <strong>in</strong> <strong>in</strong>creas<strong>in</strong>g the dem<strong>and</strong> for polyethylene<br />
terephthalate regardless <strong>of</strong> the geographical location.<br />
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Report Description<br />
Str<strong>in</strong>gent environmental rules <strong>and</strong> regulations by government <strong>and</strong> threat <strong>of</strong> substitutes, are<br />
act<strong>in</strong>g as a barrier for polyethylene terephthalate market.<br />
<strong>Polyethylene</strong> <strong>Terephthalate</strong> Market: Segmentation<br />
olyethylene terephthalate market are broadly classified on the basis <strong>of</strong> the follow<strong>in</strong>g<br />
segments –<br />
By Application:<br />
• Sheets/Films<br />
• Packag<strong>in</strong>g (Bottles)<br />
• Consumer Goods<br />
• Others<br />
By End User:<br />
• Automotive<br />
• Electronics<br />
• Food <strong>and</strong> Beverages<br />
• Others<br />
<strong>Polyethylene</strong> <strong>Terephthalate</strong> Market: Overview
Report Description<br />
<strong>Polyethylene</strong> terephthalate market has grown substantially at a healthy CAGR due to an<br />
<strong>in</strong>crease use <strong>of</strong> PET <strong>in</strong> food <strong>and</strong> beverages <strong>in</strong>dustry. With rapid technological advancement<br />
market <strong>and</strong> <strong>in</strong>creas<strong>in</strong>g dem<strong>and</strong> from end user <strong>in</strong>dustries like automotive, packag<strong>in</strong>g <strong>and</strong><br />
electronics is expected to fuel the growth <strong>of</strong> the polyethylene terephthalate market. Asia<br />
Pacific represents the largest market for this product category. Ch<strong>in</strong>a <strong>and</strong> India will emerge<br />
as the fastest grow<strong>in</strong>g region for polyethylene terephthalate market.<br />
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<strong>Polyethylene</strong> <strong>Terephthalate</strong> Market: Region-wise Outlook<br />
<strong>Polyethylene</strong> terephthalate market is expected to register a double-digit CAGR for the<br />
forecast period. Depend<strong>in</strong>g on geographic regions polyethylene terephthalate market is<br />
segmented <strong>in</strong>to seven key regions: North America, South America, Eastern Europe, Western<br />
Europe, Asia Pacific, Japan, <strong>and</strong> Middle East & Africa. Asia Pacific is the fastest grow<strong>in</strong>g<br />
market followed by Europe <strong>and</strong> North America. This is due to the <strong>in</strong>creas<strong>in</strong>g dem<strong>and</strong> <strong>of</strong><br />
polyethylene terephthalate <strong>and</strong> ethylene from these regions. There’s is a robust dem<strong>and</strong> <strong>of</strong><br />
polyethylene terephthalate from Africa <strong>and</strong> Middle East.<br />
<strong>Polyethylene</strong> <strong>Terephthalate</strong> Market: Key Players<br />
Some <strong>of</strong> the key market players <strong>in</strong> polyethylene terephthalate market are Toray Industries,<br />
Badische Anil<strong>in</strong>- und Soda-Fabrik (BASF), DuPont, DSM, M&G Group, Indorama Ventures,<br />
Jiangsu Sanfangxiang Group, Lanxess Corporation, Nan Ya Plastics, <strong>and</strong> Far Eastern New<br />
Century.
Report Description<br />
Full Report Analysis@ http://www.futuremarket<strong>in</strong>sights.com/reports/polyethyleneterephthalate-market
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