Polyethylene Terephthalate (PET), also called PETE, is a type of engineering resin.
It is polymerized by pure terephthalic acid and ethylene glycol, and mainly used for fiber, food containers films and other injection molding.
It has good strength, thermo-stability, wear resistance and transparency.
The PET industry concentration is relatively low; there are over two hundred manufacturers all over the world, but only a few manufacturers dominate the PET market, the top ten occupy for over 60% of the market share, like Indorama Ventures(TH), DAK Americas(US), M&G Chemicals(IT), Far Eastern New Century(TW), JBF(IN), OCTAL Petrochemicals(OM), Dhunseri Petrochem & Tea(IN), Lotte Chemical(KR), Zhejiang Hengyi(CN), Sinopec Yizheng Chemical Fibre(CN), Sanfangxiang Group(CN), and Since CR Chemicals(CN) etc. These giants enlarge their market share through organic growth, strategic acquisitions, and expansions all over the world. E.g. the Indorama Ventures owns the manufacturing bases in these countries, like Thailand USA Netherlands Mexico Turkey Poland Lithuania and Indonesia, DAK Americas owns manufacturing bases in Argentina USA and Mexico, and M&G Chemicals has manufacturing bases in Italy Brazil USA and Mexico etc.
The PET industry is currently in the period of production overcapacity, the global average capacity utilization was approximately 65% in 2014, due to the fierce competition, especially from China. China rapidly expanded the capacity of PET in the past several years. In the past few years, the PET market changed greatly, in some countries, some manufacturers shut down their PET production facilities, but in the meantime, some manufacturers were starting to set up their PET factories in other regions. In this process, some manufacturers reduced the production of PET, but some producers garnered a larger market shares.
The PET industry is easily affected by the prices of oil and gas. As the market competition intensifies, the gross profit margin of producers has declined the gross profit margin of producers has declined badly, some Chinese producers had lost in 2013 and 2014, it is possible that the gross profit margin will fall further in the future in the following two years, some producers will have to exit the PET market. The PET market is full of uncertainty and risk.
According to this study, over the next five years the Polyethylene Terephthalate (PET) market will register a 4.2% CAGR in terms of revenue, the global market size will reach US$ 51000 million by 2024, from US$ 39800 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Polyethylene Terephthalate (PET) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Polyethylene Terephthalate (PET) market by product type, application, key manufacturers and key regions and countries.
This study considers the Polyethylene Terephthalate (PET) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Fiber Grade
Bottle Grade
Film Grade
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
For polyester Fiber
For Container
Film Products
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Indorama Ventures(TH)
DAK Americas(US)
M&G Chemicals(CA)
Far Eastern New Century(TW)
JBF(IN)
OCTAL Petrochemicals(OM)
Dhunseri Petrochem & Tea(IN)
Lotte Chemical(KR)
SABIC(SA)
Nan Ya Plastics(TW)
Petroquimica Suape(BR)
KoKsan(TR)
EIPET(EG)
Selenis(PT)
NEO GROUP(LT)
Polief(RU)
Zhejiang Hengyi(CN)
Sinopec Yizheng Chemical Fibre(CN)
Sanfangxiang Group(CN)
Since CR Chemicals(CN)
Rongsheng petrochemical(CN)
Wankai New Materials(CN)
Far Eastern Industry (CN)
Zhenbang Fibre(CN)
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Polyethylene Terephthalate (PET) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Polyethylene Terephthalate (PET) market by identifying its various subsegments.
Focuses on the key global Polyethylene Terephthalate (PET) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Polyethylene Terephthalate (PET) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Polyethylene Terephthalate (PET) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Polyethylene Terephthalate (PET) . Industry analysis & Market Report on Polyethylene Terephthalate (PET) is a syndicated market report, published as Global Polyethylene Terephthalate (PET) Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Polyethylene Terephthalate (PET) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.