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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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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