DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Polyethylene Terephtalate Market (PET resin) - (2016-2022)" report to their offering.
The global production of Polyethylene terephthalate (PET) was 46.25 MMT in 2016 and is estimated to reach 74.71 MMT by 2022, at a CAGR of 8.32% for the forecasted period. While, on the other hand, in terms of demand the market was USD 31.44 billion in 2016 and would reach USD 47.98 billion by 2022 growing at a rate of 7.3% compounded annually.
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 more than half of the market share in 2016 and exports to various countries across the globe
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 half of the market share in 2016.
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.
- Dow Chemical
- Indorama Ventures
- JBF Global
- Jiangsu Sanfangxiang Group
- M&G Chemicals
Key Topics Covered:
1. Our Research Methodology
2. Market Overview
3. Market Dynamics
4. Polyethylene Terephtalate Market Segmentation, Forecasts and Trends - by Revenue, Volume
6. By Products
7. By Region
8. Competitive Landscape Analysis
9. Company Profiles
10. Industry Structure
For more information about this report visit http://www.researchandmarkets.com/research/tj452w/global