Global “Polyethylene Terephthalate (PET) Resin Market” report provides a meticulous analysis of market dynamics, current developments, and trending business strategies. It Offers Qualitative and Quantitative Analysis of Market Size, Share, Future Growth Opportunities, and Current Trends. This research offers a detailed analysis of market development and growth factors, product launches, joint ventures, mergers, and acquisitions. The study recalibrates the impact of macroeconomic and microeconomic factors that has the potential to impact the expansion of the Polyethylene Terephthalate (PET) Resin market. Additionally, this report highlights the challenges impeding market growth and expansion strategies employed by leading companies in the Polyethylene Terephthalate (PET) Resin Market.
The Polyethylene Terephthalate (PET) Resin Market is expected to register a CAGR of around 5.2%, during the forecast period 2022 to 2027.
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Some of the key manufacturers operating in this market include:
Indorama Ventures Co. Ltd. (Stuttgart:I93.SG), Alpek, Fennec Pharmaceuticals Inc. (NasdaqCM :FENC), JBF, Octal, Since CR Chemicals, Zhejiang Hengyi, Sinopec Yizheng, Sanfangxiang Group, Rongsheng Petrochemical, Wankai New Materials, Dhunseri Petrochem & Tea, SABIC, Tongkun Group, NEO GROUP, Lotte Chemical, Nan Ya, KoKsan, Sibur and others.
Market Scope:
As polyethylene terephthalate (PET) is an excellent water and moisture barrier material, plastic bottles made from PET are widely used for mineral water and soft drinks (low and high carbonated).Apart from the above-mentioned applications, PET bottles are also used for alcoholic beverages, agro-chemicals, cosmetics and pharmaceuticals, edible oil, etc.PET bottles are also recycled for various purposes. For example, they are used in solar water disinfection in developing nations, in which empty PET bottles are filled with water and left in the sun to allow disinfection by ultraviolet radiation. PET is useful for this purpose because many other materials (including window glass) that are transparent to visible light are opaque to ultraviolet radiation.
Industry News:
2022, NN, a Vietnamese PET converter, was proposed to be acquired by Indorama Ventures. The company is now in the process of obtaining shares in NN. The planned acquisition is intended to assist IVL in strengthening its market position in the packaging sector in Asia-Pacific areas with high growth.
Market Segment by Type, covers:
Bottle Grade PET
Fiber Grade PET
Film Grade PET
Market Segment by Applications, can be divided into:
Packaging
Textile Industry
Other
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Regions Covered in the Global Polyethylene Terephthalate (PET) Resin Market:
Asia-Pacific is expected to dominate the market, and according to the British Petroleum Statistical Review of World Energy 2021, Asia-Pacific generated the majority of solar power compared to all regions.
China is estimated to be the major country in the region with approximately 175 GW of solar PV installations and is expected to double its installation capacity by 2025, which is expected to grow the backsheet market during the forecasting period.
- South America Polyethylene Terephthalate (PET) Resin Market Covers Colombia, Brazil, and Argentina.
- North America Polyethylene Terephthalate (PET) Resin Market Covers Canada, United States, and Mexico.
- Europe Polyethylene Terephthalate (PET) Resin Market Covers UK, France, Italy, Germany, and Russia.
- The Middle East and Africa Polyethylene Terephthalate (PET) Resin Market Covers UAE, Saudi Arabia, Egypt, Nigeria, and South Africa.
- Asia Pacific Polyethylene Terephthalate (PET) Resin Market Covers Korea, Japan, China, Southeast Asia, and India.
Furthermore, the report gives insights about a couple of chief models and points of view that on a very basic level influence the business share. Further, the document recommends tricks and tips to the companies that are newly emerging in the business space and helps the investors in making important decisions.
Table of content:
Chapter 1 Polyethylene Terephthalate (PET) Resin Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Polyethylene Terephthalate (PET) Resin Market Forecast
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Key Questioned Answered in the Report:
-What is the market size and forecast of the Polyethylene Terephthalate (PET) Resin Market?
-What are major growth drivers and market trends that impacting on the global Polyethylene Terephthalate (PET) Resin Market?
-What is the competitive strategic window for opportunities in the Polyethylene Terephthalate (PET) Resin Market?
-What the market size both in terms of value and volume for global Polyethylene Terephthalate (PET) Resin Market?
-Who are leading market players and who are the new market players that operate in the global Polyethylene Terephthalate (PET) Resin Market with an estimated market share?
-What are the future investment and opportunity in the global Polyethylene Terephthalate (PET) Resin Market?
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