Amorphous Polypropylene Terephthalate (APET) refers to a thermal, rigid plastic that belongs to the polyester product family. It is recognized for its excellent transparency, ease of processing, and remarkable barrier properties. APET offers advantages such as outstanding impact resilience, deep foaming capabilities, and resistance to gas and water.
The main types of additives used in amorphous polyethylene terephthalate include chain extenders, nucleating agents, solid stating accelerators, impact modifiers, and others. Chain extenders are low molecular weight diols or diamines that react with diisocyanates to build polyurethane molecular weight. In the context of APET, it typically involves a short-chain diol used in polyurethanes and polyurethane-based thermoplastics (TPU) to create hard blocks. Amorphous polyethylene terephthalate finds applications in various industries, including food and beverages, pharmaceuticals, dairy, automotive, textiles, and others. It is used for manufacturing bottles, films/sheets, food packaging, and more.
The amorphous polypropylene terephthalate market research report is one of a series of new reports that provides amorphous polypropylene terephthalate market statistics, including amorphous polypropylene terephthalate industry global market size, regional shares, competitors with an amorphous polypropylene terephthalate market share, detailed amorphous polypropylene terephthalate market segments, market trends and opportunities, and any further data you may need to thrive in the amorphous polypropylene terephthalate industry. This amorphous polypropylene terephthalate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The amorphous polypropylene terephthalate market size has grown strongly in recent years. It will grow from $41.37 billion in 2023 to $45.13 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The observed growth in the historical period can be attributed to several factors, including increased application in the food and beverage industry, a growing demand due to its wide range of applications, increased demand for lightweight and durable packaging materials, growth in the textile industry with applications in fabrics and garments, and adoption in the automotive sector for interior components.
The amorphous polypropylene terephatalate market size is expected to see strong growth in the next few years. It will grow to $63.34 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The anticipated growth in the forecast period can be attributed to several factors, including a surge in demand for sustainable and recyclable materials, growth in the medical industry, increasing use in the construction sector for insulation materials, expansion of the renewable energy sector, and high disposable income. Key trends expected in the forecast period include the adoption of amorphous polyethylene terephthalate (APET) in 3D printing for versatile manufacturing applications, the development of bio-based and bio-degradable APET materials, customization of APET materials for specific industrial applications, the integration of nanotechnology for enhanced properties in APET, and collaborations between industries for the cross-application of APET in various sectors.
The increasing demand for packaging in the food and beverage sector is expected to significantly drive the growth of the amorphous polypropylene terephthalate market. This material finds extensive application in packaging food items and beverages due to its inherent properties such as high strength, stiffness, clear visibility, and low creep characteristics, making it ideal for food packaging purposes. It is commonly utilized in packaging drinks, fresh meats, fruits, and vegetables within the food and beverage industry. As per a report by the United Nations Environment Programme (UNEP), 36% of the total plastic production is allocated for packaging, including single-use plastic products for food and beverage containers. Hence, the heightened demand for packaging within the food and beverage sector is poised to be a driving force behind the growth of the amorphous polypropylene terephthalate market.
The expanding automotive industry is anticipated to be a significant contributor propelling the growth of the amorphous polypropylene terephthalate market. This industry encompasses various activities involving the design, development, manufacturing, marketing, and modification of motor vehicles. Amorphous polypropylene terephthalate finds application in manufacturing various automotive parts like door handles and fuel systems. A notable illustration is the August 2023 report by the Board of Governors of the Federal Reserve System, revealing a surge in total vehicle production in the United States, reaching 11.77 million units in July from 10.91 million units in June. Thus, the burgeoning automotive industry acts as a catalyst driving the expansion of the amorphous polypropylene terephthalate market.
A prominent trend in the amorphous polypropylene terephthalate market is product innovation focused on environmentally friendly manufacturing techniques. Manufacturers are actively introducing innovative products manufactured using eco-friendly methods. An example is Origin Materials, a US-based chemical company, unveiling all PET (polyethylene terephthalate) bottle caps in August 2023. These caps enable the potential for 100% recycled PET throughout the entire bottle, including the cap, thereby enhancing post-consumer recycling efforts. Origin's PET caps are particularly eco-friendly as they can be sourced from various PET materials, including recycled PET and Origin's 100% bio-based, carbon-negative virgin PET. Moreover, PET offers superior oxygen and CO2 barrier properties compared to commonly used cap materials such as HDPE and PP, enhancing their sustainability profile.
Prominent companies within the market are strategically focused on the development of high-strength polyethylene as a means to secure a competitive edge. High-strength polyethylene, a polymer material known for its exceptional tensile strength and durability, finds extensive application in industries requiring robust lightweight components. An illustrative example is Sumitomo Chemical Co., Ltd., a Japan-based chemical company that introduced Sumicle in March 2022. Sumicle represents a high-strength polyethylene (PE) specifically engineered for plastic packaging and containers. Its utilization as the primary material for plastic packaging and containers facilitates the creation of single-material packaging solutions derived from PE. The packaging structure involves leveraging a polyolefin like PE for the inner sealing layer, complemented by an outer base layer made from a rigid material such as nylon or polyethylene terephthalate (PET) known for its excellent self-supporting properties. This innovation showcases the potential for single-material solutions, combining PE's advantageous properties with the structural integrity of materials like nylon or PET.
In a significant move in May 2022, Alpek, S. A. B. de C. V, a Mexico-based chemical manufacturing company, executed the acquisition of OCTAL Holding SAOC for $620 million. This strategic acquisition aims to position Alpek within the burgeoning PET laminate segment while bolstering its production capacity by over 1 million tonnes. OCTAL Holding SAOC, an Oman-based packaging manufacturer specializing in amorphous polyethylene terephthalate (PET) sheets, represents a strategic addition to Alpek's portfolio, providing entry into a thriving market segment known for its PET laminate solutions.
Major companies operating in the in the amorphous polypropylene terephatalate market report are Jiangsu Sanfangxiang Group Co. Ltd., DAK Americas LLC, Teijin Ltd., M&G Chemicals SA., Alpek S. A. B. de C. V., Indorama Ventures Public Company Limited, Far Eastern New Century Corporation, Invista Sarl, Reliance Industries Ltd., The Quadrant Group of Companies, Zhejiang Zhink Group Co. Ltd., MPI Polyester Industries Sdn Bhd, LOTTE Chemical Corporation, Covestro AG, Dow Inc., Eastman Chemical Company, Toray Industries Inc., Saudi Basic Industries Corporation, Mitsubishi Chemical Corporation, SK Chemicals Co. Ltd., JBF Industries Ltd., Polyplex Corporation Limited, Jindal Poly Films Limited, Ester Industries Limited, Garware Polyester Limited, Polygenta Technologies Limited, Polyone Corporation, RTP Company, Plasticoncentrates Inc., Polyram Plastic Industries Ltd., Polyplastics Co. Ltd., Sumitomo Chemical Co. Ltd., LG Chem Ltd., BASF SE, DuPont de Nemours Inc., Solvay SA, Arkema SA, Evonik Industries AG, Lanxess AG
Asia-Pacific was the largest region in the amorphous polypropylene terephthalate market in 2023. The regions covered in the amorphous polypropylene terephatalate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the amorphous polypropylene terephatalate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The amorphous polypropylene terephthalate market consists of sales of polyethylene terephthalate (PET) and polybutylene terephthalate (PBT). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Amorphous Polypropylene Terephthalate Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on amorphous polypropylene terephthalate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description:
Where is the largest and fastest growing market for amorphous polypropylene terephthalate? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
- Markets Covered: 1) By Additives: Chain Extenders; Nucleating Agents; Solid Stating Accelerators; Impact Modifiers; Other Additives 2) By Application: Bottles; Films/Sheets; Food Packaging; Other Applications 3) By End-Use: Food & Beverages; Pharmaceuticals; Dairy; Automotive; Textiles; Other End-Uses
- Companies Mentioned: Jiangsu Sanfangxiang Group Co. Ltd.; DAK Americas LLC; Teijin Ltd.; M&G Chemicals SA.; Alpek S. A. B. de C. V.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Methodology
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