Polyethylene Terephthalate (PET) Resin Market 2021- Production, Sales and Consumption Volumes, Industry Comparison Analysis

Polyethylene Terephthalate (PET) Resin Market - Growth, Trends And Forecast (2020 - 2025)

The report presents an in-depth assessment of the Polyethylene Terephthalate (PET) Resin including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Polyethylene Terephthalate (PET) Resin investments from 2020 till 2025.

The global polyethylene terephthalate (PET) resin market is expected to register significant growth, an estimated CAGR of over 5% during the forecast period.

The Polyethylene Terephthalate (PET) Resin market is highly competitive and consists of a number of major players. Top Companies like Indorama Ventures Public Company Limited, Alpek SAB de CV, Sinopec Group, Far Eastern New Century Corporation, and Jiangsu Sanfangxiang Group among others.

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Industry News:

In Jan 2019, FENC US JV completed the acquisition of the M&G PTA/PET plant in Texas, the United States.

In Dec 2018, Indorama Ventures entered into a joint venture and acquired the integrated PTA-PET assets in Corpus Christi, Texas, the United States, and M&G Chemicals, along with Alpek and FENC.

Scope of the Report

The textiles segment accounted for the largest market share of more than 50%. Furthermore, it is estimated to register a healthy CAGR during the forecast period.

Key Market Trends

Bottles to Dominate the Market

- 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.
- Another niche application of PET bottles is as an Eco-Bricks in the developing countries of Asia, Africa, and Latin America.
- According to Indian Journal of Science and Technology, the PET bottles filled with sand, soil, fly-ash or any other material like a household plastic waste when well compacted can be used as a building material replacing traditional bricks.
- The strength parameters of filled plastic bottles are on a higher end as compared to traditional bricks. The eco-bricks are light in weight and possess the same thermal properties as of traditional bricks. The eco-bricks have high sound reduction index as compared to concrete blocks. Eco-bricks also do not permit light to pass through then as when seen by naked eyes.
- All the aforementioned factors, in turn, are expected to increase the demand for the PET resin market during the forecast period.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Polyethylene Terephthalate (PET) Resin Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

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The research includes historic data from 2015 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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