Global Polyethylene Terephthalate Market Size By Application, By End Use Industry, By Geographic Scope And Forecast
Polyethylene Terephthalate Market Size And Forecast
Polyethylene Terephthalate Market was valued at USD 26.36 Billion in 2019 and is projected to reach USD 39.48 Billion by 2027, growing at a CAGR of 5.4% from 2020 to 2027.
Global Polyethylene Terephthalate Market Outlook
PET provides unique combination of properties such as low gas permeability, resistance to oil, grease, alcohols, various solvents, high strength and moisture barrier properties which make it popular choice for various industries like textile, packaging, automotive and electronics are fueling growth of PET market. Furthermore, PET does not react with food and water thus; growing demand from food industry is driving growth of Polyethylene Terephthalate Market. On the contrary, fluctuating prices for raw material such as ethylene glycol due to volatility in crude oil prices is restraining the market growth of Polyethylene Terephthalate Market. Nonetheless, rise in usage of Polyethylene Terephthalate for container manufacturing which includes bottles for soft drinks, medicines, alcoholic drinks, cosmetics, detergents and water would expected to provide lucrative opportunities in the coming years.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Polyethylene Terephthalate Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Polyethylene Terephthalate Market Competitive Landscape
The Global Polyethylene Terephthalate Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as M;G Chemicals (Luxembourg), Nan Ya Plastics Corporation (China), Far Eastern New Century (China), Alpek S.A.B de C.V. (Mexico), Jiangsu Sanfangxiang Group (China), Indorama Ventures (Thailand),Quadrant AG (Switzerland), Tray-Pak Corporation (U.S.), Verdeco Recycling Inc. (U.S.), and Voridian (Eastman Chemicals) Inc. (U.S.).
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