Middle-East and Africa Polyethylene Terephthalate (PET) Resin Market Size, Share, Demand and Outlook 2021 to 2027

The market research report on “Middle-East and Africa Polyethylene Terephthalate (PET) Resin Market 2022” provides meticulous analysis for changing competitive dynamics and a dynamic perspective on different factors driving or restraining industry growth. The Middle-East and Africa Polyethylene Terephthalate (PET) Resin industry report provides necessary and auxiliary data which is represented in pie-charts, tables, systematic overview, and product diagrams. The Middle-East and Africa Polyethylene Terephthalate (PET) Resin Report also determine the market conditions including the product price, specification, research methodologies, financial and technical details which will help to expand the market operations. The Market research report provides the latest industry data and industry future trends, allowing to identify the products and end users driving revenue growth and profitability. 

The Middle-East and Africa polyethylene terephthalate (PET) resin market is estimated to witness a significant growth, at an estimated CAGR of over 4.5%, over the forecast period. 

The Middle-East and Africa Polyethylene Terephthalate (PET) Resin market is highly competitive and consists of a number of major players. Companies like Bamberger Polymers, BariQ, BASF SE, Dow, Eastman Chemical Company, Equate Petrochemical Company, GAP Polymers, Indorama Ventures Public Company Limited, Invista, KAP Industrial, SABIC Amongst Others.

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Polyethylene terephthalate (PET), also called PETE, is a type of engineering resin.
The top five companies accounted for more than 43% of the sales market in 2018, and the companies are Indorama Ventures, Alpek, FENC, Since CR Chemicals and Zhejiang Hengyi.

Key Developments:

BASF closes acquisition of polyamide business from Solvay

On January 31, 2020, BASF closed the acquisition of Solvay’s polyamide (PA 6.6) business. The transaction broadens BASF’s polyamide capabilities with innovative and well-known products such as Technyl®. This will allow BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility. The transaction also enhances the company’s access to growth markets in Asia as well as in North and South America.

Market Segmentation:

Segment by Type, the Polyethylene Terephthalate (PET) Resin market is segmented into
Bottle Grade PET
Fiber Grade PET
Film Grade PET
The segment of bottle grade PET holds a comparatively larger share in global market, which accounts for about 73%.

Segment by Application, the Polyethylene Terephthalate (PET) Resin market is segmented into
Clothing Fabric
Technical Textiles
Bottle Packaging Container
Automotive Decoration
Electronics & Electrical
Building and Construction
Others
Packaging applications, textile industry are the main application, which use 77% and 18% of the global production of the PET resin in 2018.

Key Market Trends:

Increasing Demand from Food & Beverage Industry
- PET is a plastic material, which has found increasing applications in the food and beverage industry for packaging purposes. PET has been replacing glass in food packaging applications, owing to its extremely lightweight, easy and efficient to transport, and shatterproof features.
- PET is a very strong and inert material that does not react with foods. It is resistant to attacks by micro-organisms and will not biologically degrade. Additionally, unlike glass, PET is extremely lightweight, easy and efficient to transport, re-sealable for efficient on-the-go hydration, environmentally safe, recyclable, and shatterproof. Owing to its chemical inertness and physical properties, especially glass-like transparency, lightweight, and rigidity, PET is widely used as a food packaging material.
- Common applications of PET in the food and beverage industry are bottled water, milk, juices, and carbonated drinks bottles, ketchup, jars for peanut butter, mayonnaise, pickles, jam, and others, sandwich boxes, tubs and food containers, can laminations, etc.

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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  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:  Middle-East and Africa 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 analyze the growth of the key players operating in the market.

Finally, Middle-East and Africa Polyethylene Terephthalate (PET) Resin Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Key points in this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

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