Polyethylene Terephthalate Market Overview
MMR recently released a comprehensive report on the Polyethylene Terephthalate market. This report examines the Polyethylene Terephthalate market growth trends over the forecast period of 2024 to 2030. Furthermore, it provides valuable insights into the market's value, growth rate, market segments, geographical reach, key market players, and their most recent developments.
Scope and Research Methodology of the Polyethylene Terephthalate Market Report:
The Polyethylene Terephthalate market report examines key developments, marketing strategies, supply and demand indicators, and profiles of industry leaders, potential entrants, and emerging participants. The report uses both primary and secondary research methodologies to provide a thorough analysis of the global alginates and derivatives market.
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Market Value :
Polyethylene Terephthalate (PET) Market size was valued at US$ 31.16 Bn. in 2022 and the total Polyethylene Terephthalate (PET) revenue is expected to grow by 5.4% from 2023 to 2029, reaching nearly US$ 45.03 Bn.
Polyethylene Terephthalate Market Regional Insights:
The report provides insights into the Polyethylene Terephthalate market in various geographical regions, including North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Notably, the Asia Pacific region is poised to lead the Polyethylene Terephthalate market, owing to rising demand for Polyethylene Terephthalates in a variety of applications, particularly in China, Japan, and India.
Polyethylene Terephthalate Market Segmentation:
By Application, the rigid packaging segment is expected to grow at a CAGR of 5.4% in the forecast period. PET is frequently utilized in the packaging industry due to its characteristics like resilience and lightweight. The material has a wide range of applications, including the packing of bottled water and fizzy drinks. Meanwhile, because PET-based containers are more suitable for recycling than other materials, the beverage packaging market is anticipated to be the fastest-growing end-use industry.
by Production Process
• Dimethyl terephthalate (DMT) process
• Terephthalic acid (PTA) process
PET is available in both homopolymer and copolymer varieties making it an attractive alternative for the beverage packaging industry. Multiple corporations have begun projects to make items utilizing eco-friendly containers. For example, Coca-World Cola's Without Waste campaign attempts to gather and recycle the equivalent of each and every bottle or can sold globally.
by Application
• Textiles
• Rigid Packaging
• Flexible Packaging
• Photovoltaic Modules
• Thermoplastic resins
• Other
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Polyethylene Terephthalate 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
Key questions answered in the Polyethylene Terephthalate Market are:
What is Polyethylene Terephthalate Market?
What was the Polyethylene Terephthalate market size in 2023?
What is the growth rate of the Polyethylene Terephthalate Market?
Which are the factors expected to drive the Polyethylene Terephthalate market growth?
What are the different segments of the Polyethylene Terephthalate Market?
What growth strategies are the players considering to increase their presence in Polyethylene Terephthalate?
What are the upcoming industry applications and trends for the Polyethylene Terephthalate Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Polyethylene Terephthalate Market?
What is the demand pattern of the Polyethylene Terephthalate Market?
What major challenges could the Polyethylene Terephthalate Market face in the future?
What segments are covered in the Polyethylene Terephthalate Market?
What segments are covered in the Polyethylene Terephthalate Market?
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