Polyethylene Terephthalate (PET) Market Size, Share and Growth 2028

MARKET OVERVIEW

The market for polyethylene terephthalate (PET) is an industry that manufactures and distributes PET. This thermoplastic polymer is widely employed in producing various products like bottles, fibers, films, and sheets. PET is known for its strength, durability, and superior barrier properties. The growing demand for PET in various applications such as packaging, textiles, and consumer goods is driving market growth. The market is forecasted to expand in the future due to the increasing demand for PET in various applications and the growing use of PET in producing sustainable and biodegradable products.

MARKET DYNAMICS

The Polyethylene Terephthalate (PET) market is anticipated to grow in the forecast period owing to driving factors such as changing preferences of consumers and growing demands for packaged water. Another factor responsible for the growth of the polyethylene terephthalate market is the large-scale consumption of ready-to-eat food products. However, strict government regulations and choking hazards associated with PET containers may hamper overall market growth. On the other hand, the growing trend of recycling PET bottles for use in fiber making would promote the growth of the polyethylene terephthalate market during the forecast period.

MARKET SCOPE

The "Global Polyethylene Terephthalate (PET) Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of polyethylene terephthalate market with detailed market segmentation by application, end user and geography. The global polyethylene terephthalate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading polyethylene terephthalate market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global polyethylene terephthalate market is segmented on the basis of application and end-use industry. On the basis of the application the market is segmented as beverages, sheets & films, consumer goods, food packaging and others. The market on the basis of the end-use industry is classified as packaging, electrical & electronics, automotive, construction and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global polyethylene terephthalate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The polyethylene terephthalate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting polyethylene terephthalate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the polyethylene terephthalate market in these regions.

MARKET PLAYERS

The reports cover key developments in the polyethylene terephthalate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from polyethylene terephthalate market are anticipated to lucrative growth opportunities in the future with the rising demand for polyethylene terephthalate in the global market. Below mentioned is the list of few companies engaged in the polyethylene terephthalate market.

The report also includes the profiles of key polyethylene terephthalate companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

• Alpek S.A.B. de C.V.
• BASF SE
• China Petrochemical Corporation
• E. I. du Pont de Nemours and Company
• Indorama Ventures Public Company Limited
• Koninklijke DSM N.V.
• LANXESS Corporation
• LyondellBasell Industries N.V.
• M&G Group
• RTP Company

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.