Polyethylene Terephthalate Global Market Report 20 Polyethylene Terephthalate Global Market Report 2023 – By Product Type (Virgin, Recycle), By Application (Beverages, Sheets and Films, Consumer Goods, Food Packaging, Other Applications (Cosmetic Bottles and Household Products), By End User Industry (Packaging, Electrical and Electronics, Automotive, Construction, Other End Use Industries (Material Handling and Strapping)) – Market Size, Trends, And Market Forecast 2023-2032 ...(expand)

Polyethylene terephthalate is a high-gloss, crack-resistant transparent plastic. These are general-purpose thermoplastic polymers produced by the reaction of mono ethylene glycol (MEG) and purified terephthalic acid (PTA) and are known for their excellent combination of mechanical, thermal, chemical, and dimensional stability. For further insights on the polyethylene terephthalate market, request a sample here

The polyethylene terephthalate market growth is aided by rising demand for polyethylene terephthalate in food and beverage packaging. However, some polyethylene terephthalate market restraints include strict regulations on the use of plastic. For further insights on the polyethylene terephthalate market, request a sample here

The polyethylene terephthalate market is expected to reach $59.39 billion in 2027 at a rate of 8.6%. For further insights on the polyethylene terephthalate market, request a sample here

The global polyethylene terephthalate market is segmented as
1) By Product Type: Virgin, Recycle
2) By Application: Beverages, Sheets & Films, Consumer Goods, Food Packaging, Other Applications (Cosmetic Bottles and Household Products)
3) By End User Industry: Packaging, Electrical & Electronics, Automotive, Construction, Other End Use Industries (Material Handling and Strapping)
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Asia-Pacific was the largest region in the polyethylene terephthalate market in 2022. For detailed insights on the largest region's market size and growth rate, request a sample here.

Key competitors in the polyethylene terephthalate market are, Far Eastern New Century Corporation, Hengli Group Co. Ltd, Indorama Ventures Public Company Limited, JBF Industries Ltd, Jiangsu Sanfangxiang Group, Lotte Chemical Corporation, Octal, Reliance Industries Ltd, Saudi Basic Industries Corporation (SABIC), Sinopec Group, RTP COMPANY,  BASF SE, Dupont, DSM, M&G Group, Lanxess Corporation, Nan Ya Plastics, Lyondell Basell Industries N.V., Toray Industries, Inc., Neo Group, Dhunseri Petrochem Ltd., Lotte Chemical Corporation. For further insights on the polyethylene terephthalate market, request a sample here.

Major trends influencing the polyethylene terephthalate market include manufacturing bio-based PET using partially recyclable materials. Bio-based PET is a lightweight, recyclable, biodegradable, and reusable bioplastic material derived from biomass. It consists of 30% plant-derived ethanol glycol and 70% terephthalic acid derived from fossils. This is also used for the packaging of soft drinks, alcoholic beverages, food products, cosmetics, pharmaceutical products, and edible oils. The desire to use environmentally friendly products and stringent regulations have encouraged the use of bio-friendly products in industries and have resulted in an increased demand for bio-based PET. For further insights on the polyethylene terephthalate market, request a sample here.

For detailed insights on the major opportunities and strategies in the polyethylene terephthalate market, request a sample here.

For detailed insights on polyethylene terephthalate market's relation to the overall economy and other similar markets, request a sample here.

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For detailed insights on the key dynamics influencing the polyethylene terephthalate market growth and SWOT analysis of the polyethylene terephthalate industry, request a sample here.