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2020 Polyethylene Terephthalate Market Statistics, Regional, And Industry Forecast 2023 | Far Eastern New Century Corporation, Hengli Group Co. Ltd, Indorama Ventures Public Company Limited, JBF Industries Ltd
Polyethylene Terephthalate Market
The global polyethylene terephthalate market was worth $ 43.81 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 11% and reach $68.33 billion by 2023.
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The polyethylene terephthalate market consists of sales of polyethylene terephthalate and related services. It is widely used in various applications such as automotive, food and beverage packaging, and electronics. Polyethylene terephthalate is a high gloss, crack-resistant transparent plastic. They are general purpose thermoplastic polymers produced by the reaction of monoethylene glycol (MEG) and purified terephthalic acid (PTA) and are known for their excellent combination of mechanical, thermal, chemical and dimensional stability.
Rising demand of polyethylene terephthalate in food and beverages packaging such as carbonated soft drinks packaging contributed to the growth of the polyethylene terephthalate market. The increasing demand for bottled drinks and glass and metal container replacements finds no better alternatives to polyethylene terephthalate, due to its versatility in shape and size. For instance, in 2017, according to `Plastics Insight`, China dominated the global polyethylene terephthalate production and accounted for 30.8% of the total production, which was 30.3 million tons and included bottled drinks sector and films and sheets.
Polyethylene Terephthalate Market Segmentation: -
By Product Type
Virgin
Recycle
By End-Use Industry
Packaging
Electrical & Electronics
Automotive
Construction
Others (Material Handling and Strapping)
By Application
Beverages
Sheets & Films
Consumer Goods
Food Packaging
Others (Cosmetic Bottles and Household Products)
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Few Points From Table Of Content
1. Executive Summary
2. Polyethylene Terephthalate Market Characteristics
3. Polyethylene Terephthalate Market Size And Growth
4. Polyethylene Terephthalate Market Segmentation
5. Polyethylene Terephthalate Market Regional And Country Analysis
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.
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25. Polyethylene Terephthalate Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Polyethylene Terephthalate Market
27. Polyethylene Terephthalate Market Trends And Strategies
28. Polyethylene Terephthalate Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Polyethylene Terephthalate Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Polyethylene Terephthalate Market are Far Eastern New Century Corporation, Hengli Group Co. Ltd, Indorama Ventures Public Company Limited, JBF Industries Ltd, Jiangsu Sanfangxiang Group, Lotte Chemical Corporation, Octal, Reliance Industries Ltd, Saudi Basic Industries Corporation (SABIC), Sinopec Group.
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