Press release
Amorphous Polyethylene Terephthalate (PET) Market demand will increase by 2016-2024
The polyethylene terephthalate (PET) is also written as poly(ethylene terephthalate) and is abbreviated as PET, PETE, PETP, or PET-P. It is most commonly used in containers for liquids, fibers for clothing and in foods for thermoforming. It is also used for engineering resins in combination with glass fibers. It is a most common resin that belongs to the polyester family.
Global Amorphous Polyethylene Terephthalate (PET) Market: Growth Factors
The global market for amorphous polyethylene terephthalate (PET) is likely to witness a drastic growth in the industry in the near future. Increased use of the amorphous polyethylene terephthalate in various fields has boosted the global market. In addition to this, low cost for the maintenance is one of the main reasons for the growth of global for amorphous polyethylene terephthalate (PET) market. Additionally, the rise in the job opportunities has also elevated the growth of the global market. Moreover, the low cost of cost for transportation is a significant factor that has driven the global for amorphous polyethylene terephthalate (PET) market.
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On the other hand, the high cost of raw materials is the main reason that is hindering the global for amorphous polyethylene terephthalate (PET) market. In addition to this, a huge cost for transportation is also one of the main reasons hampering the growth of the global market. Additionally, unawareness among the people is the key factor restraining the growth of global for amorphous polyethylene terephthalate (PET) market.
Global Amorphous Polyethylene Terephthalate (PET) Market: Segmentation
Based on applications, the global amorphous polyethylene terephthalate (PET) market is mainly classified as films/sheets, bottles, food packaging, and others.
On the basis of region, the global market is segmented into Europe, Asia Pacific, Latin America, North America, and Rest of the World.
Global Amorphous Polyethylene Terephthalate (PET) Market: Regional Analysis
The global amorphous polyethylene terephthalate (PET) market is spread across the globe including Europe, North America, Asia-Pacific, and Rest of the World. Use of advanced technology is driving the global market in North America. Europe will show a huge elevation in the growth of global for amorphous polyethylene terephthalate (PET) market due to increased use of polyethylene terephthalate in various fields. Asia Pacific countries such as India and China will show a huge growth in the global market due to rise in job opportunities.
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Global Amorphous Polyethylene Terephthalate (PET) Market: Competitive Players
The global market is witnessing a cutthroat competition. Local as well as global players make the competition aggressive and ruthless. Key players in the global amorphous polyethylene terephthalate (PET) market are CAPCO, BP Chemicals Ltd., DuPont, DAK Americas LLC, Ibn Rushd, Eastman Chemical Company, and Koch Industries Inc.
Global Amorphous Polyethylene Terephthalate (PET) Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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