Global Polyethylene Terephthalate Market: Overview
Polyethylene terephthalate resin is a petrochemical compound which is derived from polycondensation reaction of purified terephthalic acid (PTA) and monoethylene glycol (MEG). PET resin is widely used in food and beverages packaging industry for packaging water, soft drinks, juices, ready-to-cook food and other products. The PET packaging has replaced conventional glass packaging owing to features like its flexibility, lightweight, low cost, and easy handling. Beverages is an important precursor of PET, utilized for packaging water, soft drinks, juices, and similar other products.
PET is used widely in making films and sheets (jars, trays). These films and sheets can bear high temperatures without deforming and can be used for hot fill and microwave applications. The typical uses of PET films includes boil-in-bag, roasted bags, peelable PET films, hot sealable PET films. PET sheet is widely used in making trays for food packaging such as vegetables, meals, biscuits, chocolates and manufacturing jars for packaging butter, jams, edible oil, etc. The added advantage of PET is that it is fully recyclable and can be utilized for making carpets and other non-food applications.
Global Polyethylene Terephthalate Market: Scope of the Study
This study analyzes, estimates, and forecasts the global polyethylene terephthalate market in terms of volume (kilo tons) and revenue (US$ Mn) from 2015 to 2024. Market numbers given in the report describe the demand for global polyethylene terephthalate, but not production or supply. The global polyethylene terephthalate report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
The report provides comprehensive analysis of the global polyethylene terephthalate by applications and regions. It segments the market into applications such as beverages (bottle water, carbonated drinks, others), films, food packaging, and others (cosmetic bottles, household products). The report also segments the polyethylene terephthalate market based on major geographies into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Besides the report comprises 12 unique country-specific analysis.
Based on the application and country, the report analyzes the attractiveness of each segment and country with the help of an attractiveness tool. The study consist of value chain analysis, which offers a better understanding of key companies in the supply chain from raw material manufacturers to end-users. Additionally, the study examines market competition through Porter’s Five Forces Analysis.
Global Polyethylene Terephthalate Market: Competitive Analysis
The report includes an overview of the market share of key companies in the global polyethylene terephthalate market. Market share of companies has been derived on the basis of production by manufacturers of polyethylene terephthalate. Key market players profiled in the study are Indorama Ventures Public Limited Company, Jiangsu Sanfanxiang Group Co. Ltd., Far Eastern New Century, Egyptian Indian Polyester Company, M&G Chemicals, Neo Group, Dhunseri Petrochem Limited, DAK Americas, Reliance Industries Limited, OCTAL, and SK Chemical.
Global Polyethylene Terephthalate Market: Research Methodology
Primary research represents the majority of our research efforts, complemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of technical writing, recent trade, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most consistent, effective, and productive approach for procuring precise market data, recognizing business opportunities, and understanding industry participants’ perceptions.
Secondary research sources that are typically referred to include broker reports, corporation websites, external patented databases, financial reports, stockholder presentations, Securities & Exchange Commission filings, proprietary databases and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market. Secondary sources referred for this study include Chemical Week Magazine, ICIS Chemical Business Magazine, Hoover’s, Factiva, and company presentations.
The report segments the global polyethylene terephthalate market as:
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