Polyethylene Terephthalate (PET) Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030 (Recession Impact Analysis)
ID : MRU_
319275 | Date :
Nov, 2021 | Pages :
164 | Region : Global |
Publisher : RI
The Market Research Update provide detailed report study and highlights market share and size, and regional changing trends, production value predication, new prospects for Polyethylene Terephthalate (PET) market development rate. This study report offers a current scenario of the market. The report also comprises a several market dynamics.
The Polyethylene Terephthalate (PET) is projected to rise moderately in the projected time frame of 2023-2030.
Polyethylene Terephthalate (PET), also called PETE, is a type of engineering resin.
It is polymerized by pure terephthalic acid and ethylene glycol, and mainly used for fiber, food containers films and other injection molding.
It has good strength, thermo-stability, wear resistance and transparency.
The PET industry concentration is relatively low; there are over two hundred manufacturers all over the world, but only a few manufacturers dominate the PET market, the top ten occupy for over 60% of the market share, like Indorama Ventures(TH), DAK Americas(US), M&G Chemicals(IT), Far Eastern New Century(TW), JBF(IN), OCTAL Petrochemicals(OM), Dhunseri Petrochem & Tea(IN), Lotte Chemical(KR), Zhejiang Hengyi(CN), Sinopec Yizheng Chemical Fibre(CN), Sanfangxiang Group(CN), and Since CR Chemicals(CN) etc. These giants enlarge their market share through organic growth, strategic acquisitions, and expansions all over the world. E.g. the Indorama Ventures owns the manufacturing bases in these countries, like Thailand USA Netherlands Mexico Turkey Poland Lithuania and Indonesia, DAK Americas owns manufacturing bases in Argentina USA and Mexico, and M&G Chemicals has manufacturing bases in Italy Brazil USA and Mexico etc.
The PET industry is currently in the period of production overcapacity, the global average capacity utilization was approximately 65% in 2014, due to the fierce competition, especially from China. China rapidly expanded the capacity of PET in the past several years. In the past few years, the PET market changed greatly, in some countries, some manufacturers shut down their PET production facilities, but in the meantime, some manufacturers were starting to set up their PET factories in other regions. In this process, some manufacturers reduced the production of PET, but some producers garnered a larger market shares.
The PET industry is easily affected by the prices of oil and gas. As the market competition intensifies, the gross profit margin of producers has declined the gross profit margin of producers has declined badly, some Chinese producers had lost in 2013 and 2014, it is possible that the gross profit margin will fall further in the future in the following two years, some producers will have to exit the PET market. The PET market is full of uncertainty and risk.
Global Polyethylene Terephthalate (PET) market size will increase to 54300 Million US$ by 2030, from 39800 Million US$ in 2020, at a CAGR of 4.0% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Polyethylene Terephthalate (PET).
Objectives of Research:
The overview of the global Polyethylene Terephthalate (PET) market
Report comprised of the market companies, to describe and define and analyze the Polyethylene Terephthalate (PET) market value, share competition landscape, development plans and SWOT analysis.
The report also involves the structure of the industry by identifying its several sub-segments.
To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
Major Players in the Market: The major competitors working in the market are:
, Indorama Ventures(TH), DAK Americas(US), M&G Chemicals(CA), Far Eastern New Century(TW), JBF(IN), OCTAL Petrochemicals(OM), Dhunseri Petrochem & Tea(IN), Lotte Chemical(KR), SABIC(SA), Nan Ya Plastics(TW), Petroquimica Suape(BR), KoKsan(TR), EIPET(EG), Selenis(PT), NEO GROUP(LT), Polief(RU), Zhejiang Hengyi(CN), Sinopec Yizheng Chemical Fibre(CN), Sanfangxiang Group(CN), Since CR Chemicals(CN), Rongsheng petrochemical(CN), Wankai New Materials(CN), Far Eastern Industry (CN), Zhenbang Fibre(CN)
Market by Order Type
Fiber Grade
Bottle Grade
Film Grade
Polyethylene Terephthalate (PET) Data by Application
For polyester Fiber
For Container
Film Products
Other
Polyethylene Terephthalate (PET) Production Regions Covered in the Report are:
North America
Europe
Asia Pacific
Middle East & Africa
Rest of the World
Our team of enthusiastic analysts, research experts, and experienced forecasters work precisely to produce such kind of market report. The research report defines USD values, CAGR (compound annual growth rate) values and their variations for the precise projected time frame.
Before you Purchase get some Insights from this report
The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase in the market growth.
The Key Questions Answered In Market Report Are:
Summary of the Polyethylene Terephthalate (PET) market comprising definition
Polyethylene Terephthalate (PET) Market Growth Drivers, Restrains, Challenges and opportunities
Major trends which is impacting the global Polyethylene Terephthalate (PET) market
Polyethylene Terephthalate (PET) Market segmentation and complete information about the market
Regional analysis of the market
Which regional market will develop as a champion at intervals in the coming years?
What are the top companies at intervals in the global Polyethylene Terephthalate (PET) market?
What are the growth strategies of the key players to sustain hold at intervals in the global Polyethylene Terephthalate (PET) market?
Polyethylene Terephthalate (PET) Market – Industry Market Entry Scenario
4.1 Governing Outline Summary
4.2 New Business index
4.3 Case Studies of Positive Schemes
Polyethylene Terephthalate (PET) Market Forces
5.1 Market Drivers
5.2 Market Restrains
5.3 Market New Opportunities
5.4 Market Challenges
5.4 Porters five force model
Polyethylene Terephthalate (PET) Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Middle East and Africa
7.5 Rest of the World
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