DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/wq746s/global) has announced the addition of the "Global Polyethylene Terephtalate Market (PET resin) - By End-Use Industries, Products, and Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2014- 2020)" report to their offering.
The global production of Polyethylene terephthalate (PET) was 41.56 MMT in 2014 and is estimated to reach 73.39 MMT by 2020, at a CAGR of 9.94% for the forecasted period.
While, on the other hand, in terms of demand the market was USD 29.58 billion in 2014 and would reach USD 45.78 billion by 2020 growing at a rate of 7.55% compounded annually.
Growth by Region:
APAC leads the market in terms of production of PET resin and is expected to dominate for the forecasted period as well. In particular, China has a market share of more than 50% in 2014 and exports to various countries across the globe
Growth by End Use:
PET resins are using for various applications that include plastic bottles for beverages, food containers, containers for house hold and chemical products, cosmetics, pharmaceutical, industrial applications, production of carpet fibers, and others. Of all the applications, packaging is the most dominant one and that leads the market. With regards to end use perspective, plastic bottles for CSDs dominate the market holding more than 50% of the market share in 2014.
Drivers vs. Constraints:
Factors like increasing demand for packaging for Carbonated Soft drinks, growing consumption of packaging, no better substitute are driving the market of PET resin. On the other hand, over-supply market, low profit margins, price fluctuations are restraints to the market.
Key Topics Covered:
1. Our Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Polyethylene Terephtalate Market Segmentation, Forecasts and Trends - by Revenue, Volume
6. Competitive Landscape Analysis
7. Company Profiles
8. Industry Structure
9. Polyethylene Terephtalate market - Road Ahead
10. Tables
Companies Mentioned
- Alpec
- BASF
- Dow Chemical
- DuPont
- Indorama Ventures
- JBF Global
- Jiangsu Sanfangxiang Group
- M&G Chemicals
- Neogroup
- PlastiVerd
- Sabic
- Toray
For more information visit http://www.researchandmarkets.com/research/wq746s/global
