Polyethylene Terephthalate Market Projected to Witness Vigorous Expansion by 2021-2031 | Far Eastern New Century, Quadrant AG, Tray-Pak Corporation, Verdeco Recycling Inc.

Global Polyethylene Terephthalate Market report from Global Insight Services is the single authoritative source of intelligence on Polyethylene Terephthalate Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Polyethylene terephthalate (PET) is a synthetic resin of the polyester family. It is a semi-crystalline polymer that is strong and has a high degree of chemical resistance. PET is used in synthetic fibers, beverage bottles, food containers, and thermoforming applications.

PET is produced by the polymerization of ethylene glycol and terephthalic acid. The resulting polymer has a high molecular weight and is semi-crystalline. The polymer is then extruded and drawn to form the desired shape.

PET has a number of properties that make it an ideal material for a variety of applications. It is strong and has a high melting point, making it ideal for use in synthetic fibers. PET is also chemically resistant, making it an ideal material for food and beverage containers. In addition, PET can be easily molded and shaped, making it ideal for thermoforming applications.

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Key Trends

Polyethylene terephthalate, or PET, is a strong, lightweight plastic that is widely used in packaging. It is clear, shatter-resistant, and can be recycled.

PET is made from ethylene glycol and terephthalic acid, which are derived from crude oil. The production of PET is energy intensive, and the use of crude oil as a feedstock contributes to greenhouse gas emissions.

In recent years, there has been a shift towards using recycled PET, or rPET, in packaging. Recycled PET can be used to make new bottles and containers, and it requires less energy to produce than virgin PET.

There has also been a move towards using alternative feedstocks for PET production, such as biomass. Biomass-based PET has a lower carbon footprint than PET made from fossil fuels, and it can help to reduce dependence on crude oil.

Key Drivers

The key drivers of the Polyethylene Terephthalate market are the increasing demand for light weight and strong packaging materials, the growing demand for sustainable and recyclable packaging materials, and the increasing popularity of PET as a packaging material for food and beverages.

The increasing demand for light weight and strong packaging materials is driven by the need to reduce packaging costs and to improve the sustainability of packaging. PET is a light weight and strong material that can be easily recycled, making it an attractive option for packaging applications.

The growing demand for sustainable and recyclable packaging materials is driven by the need to reduce the environmental impact of packaging. PET is a sustainable and recyclable material that can be used to create packaging that is both environmentally friendly and stylish.

Market Segments

The Polyethylene Terephthalate Market is segmented based on application, end-use industry, and region. The application segment is categorized into rigid packaging, sheet & films, and others. On the basis of end-use industry, the market is classified into packaging, electrical & electronics, automotive, construction, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Polyethylene Terephthalate Market report includes players such as Toray Industries, M&G Group, Jiangsu Sanfangxiang Group, Far Eastern New Century, Quadrant AG, Tray-Pak Corporation, Verdeco Recycling Inc., Eastman Chemical Company, lpek S.A.B de C.V., Reliance Industries Ltd., and Dhunseri Petrochem Ltd.

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