Polyethylene terephthalate is a thermoplastic polymer resin. It is highly flexible, colorless and semi-crystalline resin in its natural state. Polyethylene terephthalate is a high gloss and crack-resistant transparent plastic. It has higher strength and stiffness. It is used in packaging, fabrics, films, molded parts for automotive, and electronics.
MARKET SCOPE
The "Global Polyethylene Terephthalate 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 the polyethylene terephthalate market with detailed market segmentation by type, application, end-use industry and geography. The report provides key statistics on the market status of the polyethylene terephthalate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global polyethylene terephthalate market is segmented into virgin and recycle.
- Based on application , the market is bifurcated into packaging, films & sheets and others
- Based on end-use industry, the market is bifurcated into food packaging, electrical & electronics, automotive, construction and others
Drivers
- Rising demand of polyethylene terephthalate in food and beverages packaging.
- Increasing use from end-use industries provides opportunities for the market growth in future.
- Strict regulations regarding the use of plastic is a major restraining factor for the polyethylene terephthalate market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South 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 the 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 America after evaluating political, economic, social and technological factors affecting the polyethylene terephthalate in these regions.
IMPACT OF COVID-19 ON POLYETHYLENE TEREPHTHALATE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shut downs. Shut down of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers 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 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.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the polyethylene terephthalate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alpek S.A.B. de C.V
- DSM
- Eastman Chemical Company
- Indorama Ventures Public Company Limited
- NAN YA PLASTICS CORPORATION
- CBC Co.,Ltd.
- viscotec
- Alpek Polyester UK
- Vikas Ecotech Ltd.
- M&G Chemicals