Middle East and Africa Polyethylene Terephthalate

1. Middle East and Africa Polyethylene Terephthalate (PET) Resin Market – Industry Analysis, Size, Share, Growth, Trends, and Forecast The Middle East and Africa polyethylene terephthalate (PET) resin market size is projected to expand at a CAGR of 4.5% during the forecast period. Growth of the market is attributed to rising demand for product recycling. Polyethylene terephthalate also known as PET, PETE, or the obsolete PETP or PET-P, is the most common thermoplastic polymer resin of the polyester family and is used in clothing fibers, containers for liquids & foods, thermoforming for manufacturing, and engineering resins in combination with glass fiber. The majority of the world's PET production (more than 60%) is of synthetic fibers, with bottle production accounting for about 30% of global demand. PET is commonly referred by its common name, polyester, in the context of textile applications, whereas the acronym PET is commonly used in the context of packaging. Polyester accounts for approximately 18% of global polymer production and is the fourth most abundant polymer after polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC). PET is widely recycled, and its resin identification code is "1." (RIC). Polyethylene terephthalate can exist as an amorphous (transparent) or semi-crystalline polymer depending on its processing and thermal history. Request Sample link :- https://growthmarketreports.com/request-sample/2373 Market Trends, Drivers, Restraints, and Opportunities     Increasing usage of bio based PET goods is anticipated to boost the market. Rising demand for product recycling has fueled the market. High labor cost and taxes are expected to hinder the market growth. Development of bio-based PET product is anticipated to create immense opportunities for the market players. Market Segment Insights:

2. The bottles segment is projected to expand at a rapid pace Based on types, the Middle-East and Africa polyethylene terephthalate (PET) resin market is segregated into bottles, films & sheets, and others. The bottles segment is projected to hold major market share. Plastic bottles are made of high-density or low-density plastic. Bottle sizes range from tiny to large carboys. Enquiry Link :-https://growthmarketreports.com/enquiry-before-buying/2373 Competitive Landscape The major players in the residential Middle-East and Africa polyethylene terephthalate (PET) resin market include SABIC, Indorama Ventures Public Company Limited, Equate Petrochemical Company, and BASF SE. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter