Global Polyethylene Terephthalate (PET) Market to Witness a Pronounce Growth During 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Polyethylene Terephthalate (PET) market.

The PET industry concentration is relatively low; there are over two hundred manufacturers all over the world, but only a few manufacturers dominate the PET market, the top ten occupy for over 60% of the market share, like Indorama Ventures(TH), DAK Americas(US), M&G Chemicals(IT), Far Eastern New Century(TW), JBF(IN), OCTAL Petrochemicals(OM), Dhunseri Petrochem & Tea(IN), Lotte Chemical(KR), Zhejiang Hengyi(CN), Sinopec Yizheng Chemical Fibre(CN), Sanfangxiang Group(CN), and Since CR Chemicals(CN) etc. These giants enlarge their market share through organic growth, strategic acquisitions, and expansions all over the world. E.g. the Indorama Ventures owns the manufacturing bases in these countries, like Thailand USA Netherlands Mexico Turkey Poland Lithuania and Indonesia, DAK Americas owns manufacturing bases in Argentina USA and Mexico, and M&G Chemicals has manufacturing bases in Italy Brazil USA and Mexico etc.

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Global Polyethylene Terephthalate (PET) Market: Forecast by Type / Application / Region

The PET industry is currently in the period of production overcapacity, the global average capacity utilization was approximately 65% in 2014, due to the fierce competition, especially from China. China rapidly expanded the capacity of PET in the past several years. In the past few years, the PET market changed greatly, in some countries, some manufacturers shut down their PET production facilities, but in the meantime, some manufacturers were starting to set up their PET factories in other regions. In this process, some manufacturers reduced the production of PET, but some producers garnered a larger market shares.

The PET industry is easily affected by the prices of oil and gas. As the market competition intensifies, the gross profit margin of producers has declined the gross profit margin of producers has declined badly, some Chinese producers had lost in 2013 and 2014, it is possible that the gross profit margin will fall further in the future in the following two years, some producers will have to exit the PET market. The PET market is full of uncertainty and risk.

Over the next five years, LPI(LP Information) projects that Polyethylene Terephthalate (PET) will register a 4.2% CAGR in terms of revenue, reach US$ 51000 million by 2023, from US$ 39800 million in 2017.

Global Polyethylene Terephthalate (PET) Market: Key Players
Indorama Ventures(TH)
DAK Americas(US)
M&G Chemicals(CA)
Far Eastern New Century(TW)
JBF(IN)
OCTAL Petrochemicals(OM)
Dhunseri Petrochem & Tea(IN)
Lotte Chemical(KR)
SABIC(SA)
Nan Ya Plastics(TW)
Petroquimica Suape(BR)
KoKsan(TR)
EIPET(EG)
Selenis(PT)
NEO GROUP(LT)
Polief(RU)
Zhejiang Hengyi(CN)
Sinopec Yizheng Chemical Fibre(CN)
Sanfangxiang Group(CN)
Since CR Chemicals(CN)
Rongsheng petrochemical(CN)
Wankai New Materials(CN)
Far Eastern Industry (CN)
Zhenbang Fibre(CN)

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Related Information:
United States Polyethylene Terephthalate (PET) Market Research Report 2018
Europe Polyethylene Terephthalate (PET) Market Research Report 2018
North America Polyethylene Terephthalate (PET) Market Research Report 2018
Asia-Pacific Polyethylene Terephthalate (PET) Market Research Report 2018
China Polyethylene Terephthalate (PET) Market Research Report 2018
EMEA Polyethylene Terephthalate (PET) Market Research Report 2018
Global Polyethylene Terephthalate (PET) Market Research Report 2018

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