The global polyethylene terephthalate (PET) compounding market size is expected to reach USD 20.67 billion in 2030 and is expected to grow at a CAGR of 5.6% from 2024 to 2030. Rising polymer demand in end-use industries such as packaging, automotive, electrical & electronics and constructions is expected to remain a key driving force for PET compounding market growth.
Strong demand for PET bottles coupled with growing packaged food & beverage industry in emerging economies of Asia Pacific and Latin America such as China, India, Mexico, and Brazil are anticipated to fuel industry growth significantly.
Regulatory agencies to reduce Green House Gas (GHG) emissions by means of vehicular weight reduction and fuel efficiency improvements have formulated policies and guidelines. Automotive manufacturers & OEMs in order to meet these regulations have adopted plastics as a replacement for metals such as aluminum and steel.
Packaging accounted for over 55% of overall market volume in 2015. Growth in packaging industry can be attributed to the suitability of PET compounds to meet customer requirements with more durable, lightweight and corrosion-resistant parts.
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Strong demand for PET bottles coupled with growing packaged food & beverage industry in emerging economies of Asia Pacific and Latin America such as China, India, Mexico, and Brazil are anticipated to fuel industry growth significantly.
Regulatory agencies to reduce Green House Gas (GHG) emissions by means of vehicular weight reduction and fuel efficiency improvements have formulated policies and guidelines. Automotive manufacturers & OEMs in order to meet these regulations have adopted plastics as a replacement for metals such as aluminum and steel.
Packaging accounted for over 55% of overall market volume in 2015. Growth in packaging industry can be attributed to the suitability of PET compounds to meet customer requirements with more durable, lightweight and corrosion-resistant parts.
Polyethylene Terephthalate Compounding Market Report Highlights
- Increasing substitution for glass, metals, wood, natural rubber and man-made materials by PET is driving the global market
- Developing recycling processes that utilize lesser input in terms of fluids, energy, and machinery is crucial for production improvisation
- Government regulations restricting petrochemical derived polymers consumption in applications such as food packaging, and medical devices are expected to further boost bio-based PET production
- BASF and Avantium Dutch technology firm formed a joint venture company to focus on polyethylene furanoate (PEF) and furandicarboxylic acid (FDCA), a bio-based polymer to replace polyethylene terephthalate
- Polyethylene terephthalate (PET) compounding market is highly fragmented among multinational players and small domestic companies
The leading players in the Polyethylene Terephthalate Compounding market include:
- Alfa Chemistry
- Alpek S.A.B. de C.V.
- China Petrochemical Corporation (Sinopec)
- China Resources (Holdings) Co., Ltd.
- DuPont de Nemours Inc.
- Far Eastern New Century Corporation (FENC)
- Indorama Ventures Public Company Limited
- Jiangsu Sanfangxiang Group Co., Ltd.
- LOTTE Chemical Corporation
- Reliance Industries Ltd. (RIL)
- Saudi Basic Industries Corporation (SABIC)
- SK Inc.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Polyethylene Terephthalate Compounding Market Variables, Trends, & Scope
Chapter 4. Polyethylene Terephthalate Compounding Market: Application Estimates & Trend Analysis
Chapter 5. Polyethylene Terephthalate Compounding Market: Regional Estimates & Trend Analysis
Chapter 6. Competitive Landscape
Companies Mentioned
The leading players in the Polyethylene Terephthalate Compounding market include:- Alfa Chemistry
- Alpek S.A.B. de C.V.
- China Petrochemical Corporation (Sinopec)
- China Resources (Holdings) Co., Ltd.
- DuPont de Nemours Inc.
- Far Eastern New Century Corporation (FENC)
- Indorama Ventures Public Company Limited
- Jiangsu Sanfangxiang Group Co., Ltd.
- LOTTE Chemical Corporation
- Reliance Industries Ltd. (RIL)
- Saudi Basic Industries Corporation (SABIC)
- SK Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 14.3 Billion |
| Forecasted Market Value ( USD | $ 20.67 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
