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Polyethylene Terephthalate Global Market Report 2020

Starting Price : $ 4000.00 | Pages : 150 | Published : January 2020 | SKU CODE : 7313 | Format :


The polyethylene terephthalate market consists of sales of polyethylene terephthalate and related services. It is widely used in various applications such as automotive, food and beverage packaging, and electronics. Polyethylene terephthalate is a high gloss, crack-resistant transparent plastic. They are general purpose thermoplastic polymers produced by the reaction of monoethylene glycol (MEG) and purified terephthalic acid (PTA) and are known for their excellent combination of mechanical, thermal, chemical and dimensional stability.

The global polyethylene terephthalate market was worth $ 43.81 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 11% and reach $68.33 billion by 2023.

The polyethylene terephthalate market covered in this report is segmented by product type into virgin , recycle. It is also segmented by end-use industry into packaging, electrical & electronics, automotive, construction, others (material handling and strapping) and by application into beverages, sheets & films, consumer goods, food packaging, others (cosmetic bottles and household products).

Rising demand of polyethylene terephthalate in food and beverages packaging such as carbonated soft drinks packaging contributed to the growth of the polyethylene terephthalate market. The increasing demand for bottled drinks and glass and metal container replacements finds no better alternatives to polyethylene terephthalate, due to its versatility in shape and size. For instance, in 2017, according to `Plastics Insight`, China dominated the global polyethylene terephthalate production and accounted for 30.8% of the total production, which was 30.3 million tons and included bottled drinks sector and films and sheets. China is not only the largest producer of polyethylene terephthalate but also the largest consumer of the world. The rising demand in food and beverages packaging industry increased the demand for polyethylene terephthalate during the historic period, driving the market.

Strict regulations on use of plastic is a major challenge in the polyethylene terephthalate market. Governments across the world are imposing restrictions on plastic products such as bottles, and single-use plastics and are bringing awareness on recycling plastic materials. For instance, in 2019, according to an article published by the `The Economic Times`, nine out of ten bottles of polyethylene terephthalate are recycled in India, affecting the manufacturing of polyethylene terephthalate. Additionally, in June 2018, Indian government announced that the country would end single-use plastics by 2022, as it can take 1000 years to decompose. In 2017, according to an article published by the `Hindustan Times`, India recycled 90% of its polyethylene terephthalate waste. According to another study by scientists from the Council of Scientific and Industrial Research (CSIR) and National Chemical Laboratory (NCL) states in 2017, of the 900 kilo tonnes of polyethylene terephthalate produced annually in India are recycled. In registered facilities, 65% of polyethylene terephthalate are recycled, in the unorganized sector, 15% of polyethylene terephthalate are recycled and in households 10% are reused. Imposing strict regulations on manufacturing and recycling plastic products has a negative impact on polyethylene terephthalate market.

Major companies are increasingly manufacturing bio-based PET using partially recyclable materials. Bio-based PET is light weight, recyclable, biodegradable, and reusable bioplastic material derived from biomass. It consists of 30% of plant derived ethanol glycol and 70% of terephthalic acid derived from fossils. This is also used for packaging of soft drinks, alcoholic beverages, food products, cosmetics, pharmaceutical products, and edible oils. The desire to use environmental friendly products and stringent regulations have encouraged the use of bio-friendly products in industries and has resulted in the increased demand of bio-based PET. For instance, in 2018, according to `Bioplastics News`, PepsiCo joined Danone and Nestle Waters in producing bio-based polyethylene terephthalate bottles (PET). A demonstration plant with an expected capacity of 18,000 tons of biomass will be built in Ontario (Canada), and will start by 2020 to produce 100% bio-based PET bottles.

In March 2018, Plastiche SA, a Belgium-based specialty chemical products company, controlled by Roussis family holdings acquired Bamberger Polymers Corp. for an undisclosed amount. The acquisition helped Plastiche SA in expanding Roussis family holdings in the plastics manufacturing industry, in which they are already involved. Bamberger Polymers Corp. is a USA-based plastics manufacturing company and specializes in products such as polyethylene terephthalate.

Major players in the 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.

Countries covered are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia

1) By Product Type: Virgin ; Recycle 2) By End-Use Industry: Packaging; Electrical & Electronics; Automotive; Construction; Others (Material Handling and Strapping) 3) By Application: Beverages; Sheets & Films; Consumer Goods; Food Packaging; Others (Cosmetic Bottles and Household Products)

    1. Executive Summary

    2. Polyethylene Terephthalate Market Characteristics

    3. Polyethylene Terephthalate Market Size And Growth

    3.1. Global Polyethylene Terephthalate Historic Market, 2015 - 2019, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Polyethylene Terephthalate Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

    3.2.1. Drivers Of The Market

    3.2.2. Restraints On the Market

    4. Polyethylene Terephthalate Market Segmentation

    4.1. Global Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Virgin  

    Recycle

    4.2. Global Polyethylene Terephthalate Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Packaging

    Electrical & Electronics

    Automotive

    Construction

    Others (Material Handling and Strapping)

    4.3. Global Polyethylene Terephthalate Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Beverages

    Sheets & Films

    Consumer Goods

    Food Packaging

    Others (Cosmetic Bottles and Household Products)

    5. Polyethylene Terephthalate Market Regional And Country Analysis

    5.1. Global Polyethylene Terephthalate Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    5.2. Global Polyethylene Terephthalate Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    6. Asia-Pacific Polyethylene Terephthalate Market  

    6.1. Asia-Pacific Polyethylene Terephthalate Market Overview  

    6.2. Asia-Pacific Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    7. China Polyethylene Terephthalate Market  

    7.1. China Polyethylene Terephthalate Market Overview  

    7.2. China Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

    8. India Polyethylene Terephthalate Market  

    8.1. India Polyethylene Terephthalate Market Overview  

    8.2. India Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    9. Japan Polyethylene Terephthalate Market  

    9.1. Japan Polyethylene Terephthalate Market Overview  

    9.2. Japan Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    10. Australia Polyethylene Terephthalate Market  

    10.1. Australia Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    11. Indonesia Polyethylene Terephthalate Market  

    11.1. Indonesia Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    12. South Korea Polyethylene Terephthalate Market  

    12.1. South Korea Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    13. Western Europe Polyethylene Terephthalate Market  

    13.1. Western Europe Polyethylene Terephthalate Market Overview

    13.2. Western Europe Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    14. UK Polyethylene Terephthalate Market  

    14.1. UK Polyethylene Terephthalate Market Overview

    14.2. UK Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    15. Germany Polyethylene Terephthalate Market  

    15.1. Germany Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    16. France Polyethylene Terephthalate Market  

    16.3. France Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    17. Eastern Europe Polyethylene Terephthalate Market  

    17.1. Eastern Europe Polyethylene Terephthalate Market Overview

    17.2. Eastern Europe Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    18. Russia Polyethylene Terephthalate Market  

    18.1. Russia Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    19. North America Polyethylene Terephthalate Market  

    19.1. North America Polyethylene Terephthalate Market Overview

    19.2. North America Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    20. USA Polyethylene Terephthalate Market  

    20.1. USA Polyethylene Terephthalate Market Overview

    20.2. USA Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    21. South America Polyethylene Terephthalate Market  

    21.1. South America Polyethylene Terephthalate Market Overview

    21.2. South America Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    22. Brazil Polyethylene Terephthalate Market  

    22.1. Brazil Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    23. Middle East Polyethylene Terephthalate Market  

    23.1. Middle East Polyethylene Terephthalate Market Overview

    23.2. Middle East Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    24. Africa Polyethylene Terephthalate Market  

    24.1. Africa Polyethylene Terephthalate Market Overview

    24.2. Africa Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    25. Polyethylene Terephthalate Market Competitive Landscape And Company Profiles

    25.1. Polyethylene Terephthalate Market Competitive Landscape

    25.2. Polyethylene Terephthalate Market Company Profiles

    25.2.1. Far Eastern New Century Corporation

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. Hengli Group Co. Ltd

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. Indorama Ventures Public Company Limited

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. JBF Industries Ltd

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5. Jiangsu Sanfangxiang Group

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

    26. Key Mergers And Acquisitions In The Polyethylene Terephthalate Market

    27. Polyethylene Terephthalate Market Trends And Strategies

    28. Polyethylene Terephthalate Market Future Outlook and Potential Analysis

    29. Appendix

    29.1. Abbreviations

    29.2. Currencies

    29.3. Research Inquiries

    29.4. The Business Research Company

    29.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 3: Global Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 4: Global Polyethylene Terephthalate Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 5: Global Polyethylene Terephthalate Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 6: Global Polyethylene Terephthalate Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 7: Global Polyethylene Terephthalate Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 8: Asia-Pacific, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 9: China, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 10: India, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 11: Japan, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 12: Australia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 13: Indonesia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 14: South Korea, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 15: Western Europe, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 16: UK, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 17: Germany, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 18: France, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 19: Eastern Europe, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 20: Russia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 21: North America, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 22: USA, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 23: South America, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 24: Brazil, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 25: Middle East, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 26: Africa, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 27: Far Eastern New Century Corporation Financial Performance
  • Table 28: Hengli Group Co. Ltd Financial Performance
  • Table 29: Indorama Ventures Public Company Limited Financial Performance
  • Table 30: JBF Industries Ltd Financial Performance
  • Table 31: Jiangsu Sanfangxiang Group Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 3: Global Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 4: Global Polyethylene Terephthalate Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 5: Global Polyethylene Terephthalate Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 6: Global Polyethylene Terephthalate Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 7: Global Polyethylene Terephthalate Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 8: Asia-Pacific, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 9: China, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 10: India, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 11: Japan, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 12: Australia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 13: Indonesia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 14: South Korea, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 15: Western Europe, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 16: UK, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 17: Germany, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 18: France, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 19: Eastern Europe, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 20: Russia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 21: North America, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 22: USA, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 23: South America, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 24: Brazil, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 25: Middle East, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 26: Africa, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 27: Far Eastern New Century Corporation Financial Performance
  • Figure 28: Hengli Group Co. Ltd Financial Performance
  • Figure 29: Indorama Ventures Public Company Limited Financial Performance
  • Figure 30: JBF Industries Ltd Financial Performance
  • Figure 31: Jiangsu Sanfangxiang Group Financial Performance
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