Polyethylene Terephthalate Market - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

1. Polyethylene Terephthalate Market - Global Industry Insight, Trends, Outlook, and Opportunity Analysis 2017-2025 © Coherent market Insights. All Rights Reserved

2. REPORT DESCRIPTION Polyethylene Terephthalate – Insights Polyethylene terephthalate is the most common plastic resin of polyester made from the combination of two monomers. Polyethylene terephthalate, also referred to as PET or PETE, is a remarkable cost and energy efficient packaging material, which possesses properties of versatility, strength, and recyclability, thus being used in various end-use industries such as packaging and textile. The polyethylene terephthalate market is projected to boost an excellent sustainability during the forecast period (2017-2025). However, growing environmental pollution from the chemical and petrochemical industries is expected to be one of the key concerns for the PET market. Despite various environmental concerns of PET use, it is much favorable in comparison to steel, aluminum, glass and other materials used for packaging, due to its high weight bearing capacity and light weight, which in turn reduces the transportation cost by utilizing less space and weight. Technological advancement for developing lightweight, high strength and energy-efficient PET bottles is expected to boost the market growth. For instance, in 2014, SIDEL introduced a new ‘NEW RIGHTWEIGHT’, 0.5 liter bottle for still water, weighing 7.95 grams, yet offering a superior consumer experience and a top-load performance of 33 kilograms, without the need for nitrogen dosing, using standard 26/22 closures. © Coherent market Insights. All Rights Reserved

3. REPORT DESCRIPTION Market Dynamics Among product type, carbonated soft drink segment is expected to hold dominant position in the polyethylene terephthalate market over the forecast period, at a CAGR of over 10.1% in terms of revenue, and 8.1% in terms of volume. According to Coherent Market Insights’ analysis, it is estimated that the carbonated soft drink segment will reach over 7.70 billion by 2017. Since PET bottles or packaging materials are used as an alternative to silica glass and acrylic materials due to its superior resistance to micro-organisms, the demand for PET will increase, thereby driving growth of the global PET market. Stringent government regulation is expected to be one of the key challenges for global PET market during 2017-2025. For instance, On March 18, 2016, Government of India, Ministry of Forest and Environment (MoEF) introduced plastic waste management rule 2016. Bureau of Indian Standards, IS 14534: 1998--- has issued standard guidelines on how to recover and recycle plastic waste and what kind of products could be manufactured from recycled plastics © Coherent market Insights. All Rights Reserved Request sample Copy of this Report:https://www.coherentmarketinsights.com/insight/request-sample/1864

4. REPORT DESCRIPTION Regional Insights In 2016, Asia Pacific, followed by Europe and North America, respectively, accounted for a major share in terms of revenue and volume, in the global polyethylene terephthalate market, and the trend is expected to remain the same over the forecast period. In 2016, the share in terms of volume, held by Asia Pacific was 68.4% and by Europe was 12.5%. Multinational players need to tap potential addressable market in the emerging regions with the help of geographical expansion Product portfolio expansion and geographical expansion are the key market trends, which are expected to shape the industry in the near future. Major players in the global Polyethylene Terephthalate market include Alpek S.A.B de C.V., RTP company, BASF SE, The Dow Chemicals Company, Jiangsu Sanfangxiang Group, Indorama Ventures, M&G Chemicals, Nan Ya Plastics Corporation, Far Eastern New Century, and Quadrant AG among others. To Get Discount on this Report: https://www.coherentmarketinsights.com/insight/request-discount/279 © Coherent market Insights. All Rights Reserved

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