Polyethylene Terephthalate (PET) Market Trend 2022: Industry Upcoming Developments, Market Dynamics, Size, Share, Emerging Trends, Business Strategies of Top Key Players, Revenue Forecast 2031

Global Polyethylene Terephthalate (PET) Market report from Global Insight Services is the single authoritative source of intelligence on Polyethylene Terephthalate (PET) Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Polyethylene terephthalate (PET) is a thermoplastic polymer resin of the polyester family and is used in synthetic fibers, beverage bottles, and thermoforming applications. Among polymers, PET is the strongest and stiffest. It has good chemical resistance and can be heat-sealed. It is also a good barrier to gases and vapors. PET is semi-crystalline and can be drawn into fibers, films, or molded into containers.

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Key Trends

In recent years, there has been a shift in the PET market towards higher performance grades of the resin. This is being driven by the need for lighter-weight products, as well as by the desire for improved sustainability.

In terms of new technologies, nanotechnology is being used to create stronger and lighter-weight PET fibers. Additionally, there is increasing interest in using PET as a substrate for flexible electronics, due to its high conductivity and flexibility.

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Key Drivers

Polyethylene terephthalate (PET) is a thermoplastic polymer resin of the polyester family and is used in synthetic fibers, beverage bottles, and thermoforming applications.

It is a semi-crystalline polymer with good mechanical and electrical properties. It has a high melting point and is resistant to degradation by chemicals and solvents.

The growing demand for packaged food and beverages is the major driver of the PET market. The other key drivers of the PET market include the increasing use of PET in the textile industry and the growing demand for recycled PET.

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Market Segments

The polyethylene terephthalate market is segmented by application, end-use, and region. By application, the market is classified into beverage packing, consumer goods, food packaging, and others. Based on end-use, it is bifurcated into packaging, automotive, construction, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

The global polyethylene terephthalate market includes players such as BASF SE, M&G Chemicals, SABIC, Arkema, Evonik Industries, The Sherwin-Williams Company, RTP Company, Dupont, DSM, Lanxess Corporation, and others.

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