Global Polyethylene Terephthalate (PET) Industry valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2025. The Polyethylene Terephthalate (PET) Industry is continuously growing in the global scenario at significant pace. Polyethylene Terephthalate is the most common thermoplastic polymer resin of the polyester family and used in fibers for clothing, containers for liquid ad foods, thermoforming for manufacturing and combination with glass fibers for engineering resins. Increasing demand for packaged water, rise in consumption of ready-to-eat products and rising government support are the substantial driving factors of the Industry during the forecast period. Moreover, emerging trends in development of bio-based PET and rising R&D in recyclability of PET products are the factors that creating numerous opportunity in the Industry during the forecast period. Further polyethylene terephthalate offers several benefits such as it is light-weighted, it has high transparency, it is high pressure resistant and many more. These benefits also boosting the demand of Polyethylene Terephthalate (PET) across the world. However, increasing labor cost & taxes rate and choking hazards related with PET containers are the factors that limiting the Industry growth of Polyethylene Terephthalate (PET) during the forecast period.
The regional analysis of Global Polyethylene Terephthalate (PET) Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of Industry share due to rising demand for sustained & recyclable material and growing food & beverage sector in the region. Further, Europe is estimated to grow at stable rate in the global Polyethylene Terephthalate (PET) Industry over the upcoming years. North America is also anticipated to exhibit higher growth rate/CAGR over the forecast period 2019-2025. These region is mainly driven by developed electronic & electrical sectors in the region.
Polyethylene terephthalate (PET) Industry Share and Size by 2019-2025
Polyethylene terephthalate (PET) Market Segmentation:
* Building & Construction
* Automotive & Transportation
* Electrical & Electronics
* Furniture & Bedding
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Polyethylene terephthalate (PET) Market are as follows:
BP Plastics Holding Bhd.
Commercial Plastic Industries
CYL Corporation Bhd.
EE-LIAN Enterprise M Sdn. Bhd.
George Kent Bhd.
Great Wall Plastic Industries Bhd.
Guppy Plastic Industries Sdn. Bhd.
Fu Fong Plastic Industries Sdn. Bhd.
Hicom-Teck See Manufacturing Malaysia Sdn. Bhd.
Lam Seng Plastics Industries Sdn. Bhd.