Polyethylene Terephthalate (PET) Resin Market
On 2024-10-28 Global Info Research released【Global Polyethylene Terephthalate (PET) Resin Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030】. This report includes an overview of the development of the Polyethylene Terephthalate (PET) Resin industry chain, the market status of Consumer Electronics (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), Household Appliances (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Polyethylene Terephthalate (PET) Resin.
Polyethylene Terephthalate (PET), also called PETE, is a type of engineering resin.
PET resins are known for their excellent combination of properties such as mechanical, thermal, chemical resistance as well as dimensional stability.
It is polymerized by pure terephthalic acid and ethylene glycol, and mainly used for clothing fabric and household textiles, food and beverage packaging, films, injection moulding, etc.
The global Polyethylene Terephthalate (PET) Resin market size is expected to reach $ 145930 million by 2030, rising at a market growth of 3.0% CAGR during the forecast period (2024-2030).
The global Polyethylene Terephthalate (PET) market is currently influenced by several key trends:
Sustainability and Recycling: There is a significant push towards sustainability, with increasing demand for recycled PET (rPET) driven by environmental regulations and consumer preferences for eco-friendly products. Many manufacturers are adopting circular economy practices to enhance recyclability.
Growth in Packaging Industry: PET's excellent properties for packaging, particularly in the food and beverage sector, continue to drive demand. Its lightweight, strength, and barrier properties make it a preferred choice for containers and bottles.
Expansion in Emerging Markets: Rapid urbanization and increasing disposable incomes in emerging economies, particularly in Asia-Pacific (e.g., China and India), are fueling the growth of the PET market as consumer goods and packaged products become more prevalent.
Technological Advancements: Innovations in PET manufacturing, such as the development of bio-based PET and improvements in processing technologies, are enhancing product performance and reducing environmental impact.
Market Consolidation: The PET resin market is seeing mergers and acquisitions among major players, which aim to improve production efficiencies, expand product offerings, and enhance global reach.
Shift to E-commerce and Convenience Packaging: The rise of e-commerce is influencing packaging requirements, leading to increased demand for lightweight and durable PET products that can protect goods during transit.
Global key players of Polyethylene Terephthalate (PET) include Tongkun Group, Xin Feng Ming Group, Zhejiang Hengyi, Indorama Ventures, Alpek, etc. The top five players hold a share about 33%. Asia-Pacific is the largest market, and has a share about 76%, followed by Europe and North America with share 9% and 9%, separately. In terms of product type, PET Filament is the largest segment, accounting for a share of 51%. In terms of application, Apparel is the largest field with a share about 39%.
This report studies the global Polyethylene Terephthalate (PET) Resin production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Polyethylene Terephthalate (PET) Resin and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Polyethylene Terephthalate (PET) Resin that contribute to its increasing demand across many markets.
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Market segment by Type： PET Filament、PET Staple、Bottle Grade PET、Film Grade PET
Market segment by Application：Apparel、Household Textiles、Bottle Packaging Container、Automotive Decoration、Electronics & Electrical、Building and Construction、Others
Major players covered： Tongkun Group、Xin Feng Ming Group、Zhejiang Hengyi、Indorama Ventures、Alpek、FENC、Reliance Industries、Sheng Hong Group、Hengli Group、Billion Industrial、Rongsheng Petrochemical、Sanfangxiang Group、Sinopec Yizheng、CR Chemical Materials、JBF Industries、NanYa、Wankai New Materials、Dhunseri Ventures Limited、SABIC、NEO GROUP、Lotte Chemical、Toray、KoKsan、Sibur (Polief)、Asia Pacific Fibers (APF)
Market segment by region, regional analysis covers: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia),South America (Brazil, Argentina, Colombia, and Rest of South America),Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa).
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Polyethylene Terephthalate (PET) Resin product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Polyethylene Terephthalate (PET) Resin, with price, sales, revenue and global market share of Polyethylene Terephthalate (PET) Resin from 2019 to 2024.
Chapter 3, the Polyethylene Terephthalate (PET) Resin competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Polyethylene Terephthalate (PET) Resin breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Polyethylene Terephthalate (PET) Resin market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Polyethylene Terephthalate (PET) Resin.
Chapter 14 and 15, to describe Polyethylene Terephthalate (PET) Resin sales channel, distributors, customers, research findings and conclusion.
Data Sources:
- Via authorized organizations:customs statistics, industrial associations, relevant international societies, and academic publications etc.
- Via trusted Internet sources.Such as industry news, publications on this industry, annual reports of public companies, Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), Trading Economics, News Network, Statista, Federal Reserve Economic Data, BIS Statistics, ICIS, Companies House Documentsm, investor presentations, SEC filings of companies, etc.
- Via interviews. Our interviewees includes manufacturers, related companies, industry experts, distributors, business (sales) staff, directors, CEO, marketing executives, executives from related industries/organizations, customers and raw material suppliers to obtain the latest information on the primary market;
- Via data exchange. We have been consulting in this industry for 16 years and have collaborations with the players in this field. Thus, we get access to (part of) their unpublished data, by exchanging with them the data we have.
- From our partners.We have information agencies as partners and they are located worldwide, thus we get (or purchase) the latest data from them.
- Via our long-term tracking and gathering of data from this industry.We have a database that contains history data regarding the market.
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