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Global Polyethylene Terephthalate (PET) Market Growth 2023-2029

Global Polyethylene Terephthalate (PET) Market Growth 2023-2029

Product Code:454220

Published Date: Feb 08,2023

Pages: 124

Region: Global

Category: Chemical & Material

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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.

LPI (LP Information)' newest research report, the “Polyethylene Terephthalate (PET) Industry Forecast” looks at past sales and reviews total world Polyethylene Terephthalate (PET) sales in 2022, providing a comprehensive analysis by region and market sector of projected Polyethylene Terephthalate (PET) sales for 2023 through 2029. With Polyethylene Terephthalate (PET) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Polyethylene Terephthalate (PET) industry.

This Insight Report provides a comprehensive analysis of the global Polyethylene Terephthalate (PET) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Polyethylene Terephthalate (PET) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Polyethylene Terephthalate (PET) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Polyethylene Terephthalate (PET) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Polyethylene Terephthalate (PET).

The global Polyethylene Terephthalate (PET) market size is projected to grow from US$ 45870 million in 2022 to US$ 60970 million in 2029; it is expected to grow at a CAGR of 60970 from 2023 to 2029.

Global Polyethylene Terephthalate (PET) key players include Indorama Ventures, Zhejiang Hengyi, DAK Americas, Far Eastern New Century, M&G Chemicals, etc. Global top five manufacturers hold a share about 40%.

Asia is the largest market, with a share over 70%, followed by Europe and North America, both have a share over 20%. 
In terms of product, Fiber Grade is the largest segment, with a share over 65%. And in terms of application, the largest application is Polyester Fiber, followed by Container, Film Products, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Polyethylene Terephthalate (PET) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    PET Filament
    PET Staple
    PET Chips

Segmentation by application
    Polyester Fiber
    Container
    Film Products
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    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
    Since CR Chemicals
    JBF
    Octal
    NanYa
    Wankai New Materials
    Dhunseri Petrochem & Tea
    SABIC
    NEO GROUP
    Lotte Chemical
    Toray
    KoKsan
    Sibur (Polief)
    Advansa

Key Questions Addressed in this Report
What is the 10-year outlook for the global Polyethylene Terephthalate (PET) market?
What factors are driving Polyethylene Terephthalate (PET) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Polyethylene Terephthalate (PET) market opportunities vary by end market size?
How does Polyethylene Terephthalate (PET) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?