Global Polyethylene Terephthalate (PET) Market, By Type (Bottles, Films & Sheets, Other), By Applica

Published Date: | Report Code : MT1958319

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Growing demand from end-use industry applications in developing regions and promotion of application specific grades by companies is expected to drive the Polyethylene Terephthalate (PET) Market during the forecast period. This market has witnessed number of key developments in terms of application specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of Polyethylene Terephthalate (PET) Market during the forecast period. 

Polyethylene terephthalate (PET) is formed by the polymerization of ethylene glycol and terephthalic acid. It is non-toxic, safe, lightweight, strong and flexible material as well as  100% recyclable and hence is used in various applications, such as beverage packaging, consumer goods, sheets & films, food packaging, automotive, and construction.
The global PET market is segmented on the basis of type and end user.

Segment Analysis

On the basis of type, it is segmented into bottles, films & sheets, and others. The PET bottles are majorly used due to the increasing demand for beverages and bottled water. There has been a rise in the films and sheets type as well due to the growth of the packaging sector.

By application, it is divided into food & beverage, automotive, electrical & electronics, healthcare, consumer goods, and others. Due to the changing lifestyle and the disposable income of people, there has been an increase in the demand for foods and beverages, which in turn have also positively impacted this sector.

Key Factors Impacting Market Growth:
    • Its properties such as being non-toxic, safe, lightweight, strong and flexible material
    • Increasing demand for eco-friendly and reusable containers and the consumers awareness about the same
    • Growth of various sectors such as packaging, electrical & electronics, automotive, and construction

Regional Outlook 

By region, polyethylene terephthalate (PET) market has been segmented in North America, Europe, Asia pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes US, Canada, and Mexico. US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. Industrial sector is a major contributor US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. Western Europe region is dominated by Germany, UK, France, Italy, and Spain. These countries also have a strong influence of the industrial sector resulting in sizeable demand for polyethylene terephthalate (PET) market.  
Asia Pacific is estimated to register highest CAGR by region during the forecast period. Presence of some of the high growth economies such as China and India is expected to propel the demand in this region. In addition, this region has witnessed strategic investments by major companies to increase their market presence. Middle East and Eastern Europe are estimated to be other key regions for polyethylene terephthalate (PET) market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

Companies Covered:  RTP Company, BASF, DuPont, DSM, M&G Group, Indorama Ventures, PET Processors LLC., Lanxess Corporation, Nan Ya Plastics, Lyondell Basell Industries N.V., Toray Industries, Jiangsu Sanfangxiang Group...

Market Segmentation:

By Type:
    • Bottles
    • Films & Sheets
    • Others

By Application:
    • Food & Beverage
    • Automotive
    • Electrical & Electronics
    • Healthcare
    • Consumer Goods
    • Others

By Region:

    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Type
        ◦ By Application

    • Western Europe
        ◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
        ◦ By Type
        ◦ By Application

    • Eastern Europe
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Type
        ◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
        ◦ By Type
        ◦ By Application

    • Middle East 
        ◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
        ◦ By Type
        ◦ By Application

    • Rest of the World
        ◦ By Region (South America, Africa)
        ◦ By Type
        ◦ By Application

Reasons to Buy This Report:

    • Market size estimation of the global polyethylene terephthalate (PET) market on regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
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