Press release
Polyethylene Terephthalate (PET) Market to Reach USD 45.03 Bn by 2029, emerging at a CAGR of 5.4 percent and forecast 2023-2029
Polyethylene Terephthalate (PET) Market
This comprehensive report provides a deep dive into the PET market, focusing on market segments, technological advances, and a competitive landscape that influences the future of PET. Our research covers critical aspects, encompassing the supply chain, competitive dynamics, and market trends.
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Polyethylene Terephthalate (PET) Market Research Methodology:
To ensure the accuracy and reliability of our findings, we adopted a robust research methodology. Our research leverages data from trusted sources, including Bloomberg, Hoovers, and Factiva. We also consulted experts from leading manufacturing companies and stakeholders. Our methodology combines top-down and bottom-up approaches, using data triangulation techniques and comparative analysis to provide precise market size estimates.
What are Polyethylene Terephthalate (PET) Market Dynamics:
Recycled Polyethylene Terephthalate (rPET) is a commonly used and highly recyclable material. Carpet fiber, apparel, furniture, knitwear, fiberfill for sleeping bags and pillows, sheets and film, and vehicle components are all made from recycled PET fiber. Several major worldwide beverage and fast-moving consumer goods companies have committed to using 50% recycled material in their plastic packaging by the end of the decade. As a result, the need for food-grade-certified recycled materials will rise. However, due to the current limited international availability of food-grade recyclable materials, these enterprises will struggle in the long run to secure enough amounts of high-quality food-grade recycled PET.
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What is Polyethylene Terephthalate (PET) Market Segmentation:
by Production Process
• Dimethyl terephthalate (DMT) process
• Terephthalic acid (PTA) process
by Application
• Textiles
• Rigid Packaging
• Flexible Packaging
• Photovoltaic Modules
• Thermoplastic resins
• Other
by End-Use Industry
• Food and Beverage
• Automotive
• Electrical and Electronics
• Healthcare
• Consumer Goods
• Other
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Who are Polyethylene Terephthalate (PET) Market Key Players:
• Alpek SAB de CV
• BY Sanfame Group (Jiangsu Sanfangxiang Group)
• CR Chemical Materials Technology Inc.
• Far Eastern New Century Corporation
• Hengli Group Co. Ltd
• Indorama Ventures Public Company Limited
• JBF Industries Ltd
• Lotte Chemical Corporation
• OCTAL
• Reliance Industries Limited
• SABIC
• Sinopec Group
• Zhejiang Hengyi Group Co. Ltd
• Zhejiang Zhink Group Co. Ltd
• Mitsubishi Chemical Corporation
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Table of content for the Polyethylene Terephthalate (PET) Market includes:
Polyethylene Terephthalate (PET) Market: Research Methodology
Polyethylene Terephthalate (PET) Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Polyethylene Terephthalate (PET) Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Polyethylene Terephthalate (PET) Market Regional Insights:
APAC Dominance: The Asia-Pacific region accounted for approximately 40% of the PET market in 2022. This is attributed to the growing consumption of processed food and the increasing need for PET in vehicle film coatings in countries like China and India.
Sensitivity to Price Levels: Factors like price sensitivity and the presence of numerous companies are expected to heighten competition in APAC, especially in emerging economies like India and Indonesia.
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Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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