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Polyethylene Terephthalate Pet Resin Market

Polyethylene Terephthalate Pet Resin Market

Polyethylene Terephthalate (PET) Resin Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Product Type (Bottles, Sheet & Films, Consumer Goods, Food Packaging, And Others); By End-Use Industry (Packaging, Electrical & Electronics, Automotive, Construction, And Others); By Region (North America, Europe, The Asia Pacific, Latin America, The Middle East, And Africa);

  • Published Date: March 2022
  • Report ID: BWC22107
  • Available Format: PDF
  • Page: 202

Report Overview

The growth of the global polyethylene terephthalate (PET) resin market can be primarily attributed to expanding food and beverage industry, rise in PET collection coupled with augmenting recycling rates in Europe as well as demand for recyclable and sustainable materials...

Global Polyethylene Terephthalate (PET) Resin Market - Industry Trends & Forecast Report 2028

The global polyethylene terephthalate (PET) resin market was 80.9 million tons in 2021, and it is further projected to reach 114.7 million tons by 2028, at a CAGR of 5.2% during 2022-2028 (forecast period). The growth of the polyethylene terephthalate (PET) resin market can be primarily attributed to expanding food and beverage industry, rise in PET collection coupled with augmenting recycling rates in Europe as well as demand for recyclable and sustainable materials. Such factors promise bright prospects for the growth of the global polyethylene terephthalate resin market during the forecast period.

Polyethylene Terephthalate (PET) Resin Market

Polyethylene Terephthalate (PET) Resin Overview

Polyethylene Terephthalate (PET) Resin refers to a tough thermoplastic resin used to manufacture many products including cans, bottles, pouches, films & sheets among others. PET resins very lightweight in nature and are colourless. These plastics are known to be re- usable owing to the fact that they don’t percolate any chemicals. Moreover, they are safe for the human. PET resins are widely used in industries like electronics, healthcare, food and beverage, consumer goods and others. Furthermore, the properties of PET can be enhanced with UV blockers, oxygen barriers, colorants, or other additives

Polyethylene Terephthalate (PET) Resin Market Trends

The Ever-Expanding Food and Beverage Industry to Propel Polyethylene Terephthalate (PET) Resin Market Growth

The food and beverage industry has been witnessing a robust growth, specifically in the Asia-Pacific as well as Middle-East and African regions. This growth of the food and beverage sector in these regions can be attributed to the escalating personal disposable incomes of the people coupled with the increasing population in these regions. Moreover, new investments are being experienced in the food and beverage sector due to huge potential for growth in these regions. The new investments are mostly intended towards establishing individual confectionery, beverage producing and food processing facilities. Thus, the growing food and beverage sector is expected to drive the demand for polyethylene terephthalate resins and contribute to the growth of the PET resins market during the forecast period.

Skyrocketing Demand for PET Bottles Likely to Drive Polyethylene Terephthalate (PET) Resin Market Growth

PET resins are in a heavy demand for the manufacture of PET bottles. The adoption of PET reduces the weight by about 90% when compared to glass, thus making way for more economical transportation. Nowadays, plastic bottles made out of PET have been extensively substituting heavy and delicate glass bottles. Moreover, PET provides reusable packaging for mineral water as well as other beverages. PET offers great clarity and natural shield against CO2 which adds up to its advantages. PET has a wide array of applications and can be easily formed into a sheet or blown into a bottle. All these factors are projected to propel the growth rate of the PET resins market during the forecast period.

Restraints

Instability in Crude oil prices Impeding the Polyethylene Terephthalate (PET) Resin Market Growth

The volatility in prices of crude oil is projected to hinder the polyethylene terephthalate (PET) resin market in the close future. This is due to the fact that the major raw material used in the production of PET resin is ethylene which is a petrochemical feedstock. So the instability in the price of crude oil directly affects ethylene prices. Furthermore, the escalating adoption of substitute products, like high-density polyethylene, is likely to hamper the growth of the market. Moreover, the enactment of rigorous government regulations owing to ecological concerns may act as a prominent challenging factor to the market growth during the forecast period 2022-2028.

Impact of COVID-19 on the Global Polyethylene Terephthalate (PET) Resin Market

The polyethylene terephthalate (PET) resin market was negatively impacted due to COVID-19 in 2020 in different ways. The transportation limitations implemented across the world in response to the pandemic and resulted in the disruption of the supply chain of major raw materials required for polyethylene terephthalate (PET) resin production. Moreover, many challenges were faced by the end-use industries including labor shortages as well as work stoppages. Numerous end-user sectors, such as consumer products, electrical and electronics, food and beverage, and others, were dramatically affected. Furthermore, the demand for polyethylene terephthalate resin shrank as a result of the pandemic. According to the OICA, the automotive manufacturing ascended by 9.8% in the first nine months of 2021 in comparison to the previous year. However, the situation is anticipated to recover, restoring the growth path of the market in 2022.

Global Polyethylene Terephthalate (PET) Resin Market – By Product Type

Based on the product type, the global polyethylene terephthalate (PET) resin market has been segmented into bottles, sheet & films, consumer goods, food packaging, and others. Amidst the segmentation, the bottles segment is anticipated to grow with the highest CAGR during the forecast period 2022-2028 owing to the large-scale shift from glass bottles to PET bottles by food and beverage industry. Moreover, the PET bottles can also be recycled for countless purposes. For instance, in developing nations, they are utilized for solar water disinfection wherein empty PET bottles are filled up with water and left in sunlight for disinfection to occur via ultraviolet radiation. Furthermore, PET bottles are also employed as eco-bricks in the evolving countries of Asia, Africa, as well as Latin America. These factors propel the demand for PET bottles thus significantly enhancing the market growth during the forecast period.

Polyethylene Terephthalate (PET) Resin Market Share

Global Polyethylene Terephthalate (PET) Resin Market- By End-Use Industry

On the basis of end-use industry, the global polyethylene terephthalate (PET) resin market is segmented into packaging, electrical & electronics, automotive, construction, and others. Amidst the segmentation, the packaging industry generates the largest revenue and holds major shares in the polyethylene terephthalate (PET) resin market. PET resin is widely used in the packaging industry for pharmaceuticals as well as food and beverages. The thriving food and beverage industry throughout the world along with surging demand for PET resin in automotive sector is projected to energise the market growth during the forecast period 2022-2028.

Global Polyethylene Terephthalate (PET) Resin Market- Regional Insights 

In terms of the regional analysis, the global polyethylene terephthalate (PET) resin market can be segmented into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America. Amidst the segmentation, the Asia Pacific region is expected to dominate the Polyethylene Terephthalate (PET) Resin market during the forecast period on account of the factors such as rising urbanization, high population growth, rise in disposable income, and the increasing demand for fast-moving consumer goods. Moreover, China alone accounted for more than 15% of the global market share in 2021. Thus, these factors are expected to propel the demand for the PET resin in the Asia-Pacific region during the forecast period 2022-2028.

 

Competitive Landscape

The global polyethylene terephthalate (PET) resin market is characterized by the presence of many local, regional, and global vendors. The key players operating in the global polyethylene terephthalate (PET) resin market are Alpek S.A.B. de C.V., Indorama Ventures Public Company Limited, JBF Industries Ltd, LOTTE Chemical CORPORATION, Far Eastern New Century Corporation, China Petrochemical Corporation., SABIC, Reliance Industries Limited., RTP Company, Vikas Ecotech Ltd., TEIJIN LIMITED, Hitachi, Ltd., NEO GROUP, UAB; DuPont de Nemours, Inc, Filatex India Limited, Polyplex, Retal Industries LTD., Persian Gulf Petrochemical Industries Co., the Mitsubishi Chemical and other prominent players. The players maintain their dominance in the market by investing in research and development activities, integrating the latest and advanced technologies into their products, and launching improved products for the customers. Different strategies are adopted like engaging in strategic alliances, agreements, mergers and collaborations.

 

Recent Developments

 

  • January 2022:  NN, a Vietnamese PET converter, was planned to be acquired by the Indorama Ventures. Currently, the company is in the process of obtaining shares in NN. The proposed acquisition is intended to assist IVL in consolidating its market position in the packaging sector in Asia-Pacific areas to attain high growth.

 

  • September 2021: The global packaging solutions and recycling specialist, the ALPHA Group announced the investment in the construction of a recycling plant at Targu Mures, Romania as a part of a joint venture along with its partners. The plastic granulates that will be recycled there will come from the PET collected from household waste. They will be used to produce new PET bottles.

 

Scope of Report:

 

Attribute Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Million, Volume in Million Tons
Market Coverage United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa
Product/Service Segmentation By product type, by end-use industry and by region
Key Players The key players operating in the global Polyethylene Terephthalate (PET) Resin market are Alpek S.A.B. de C.V., Indorama Ventures Public Company Limited, JBF Industries Ltd, LOTTE Chemical CORPORATION, Far Eastern New Century Corporation, China Petrochemical Corporation., SABIC, Reliance Industries Limited., RTP Company, Vikas Ecotech Ltd., TEIJIN LIMITED, Hitachi, Ltd., NEO GROUP, UAB; DuPont de Nemours, Inc, Filatex India Limited, Polyplex, Retal Industries LTD., Persian Gulf Petrochemical Industries Co., the Mitsubishi Chemical. and other prominent players

    

By Product Type

  • Bottles
  • Sheet & Films
  • Consumer Goods
  • Food Packaging
  • Others

By End-Use Industry

  • Packaging
  • Electrical & Electronics
  • Automotive
  • Construction
  • Others

By Region

      •  
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Polyethylene Terephthalate (PET) Resin Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Landscape/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Polyethylene Terephthalate (PET) Resin Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Size & Forecast by Volume, 2018-2028
      1. By Volume (Million Tons)
    3. Market Share & Forecast
      1. By Product Type
        1. Bottles
        2. Sheet & Films
        3. Consumer Goods
        4. Food Packaging
        5. Others
      2. By End-Use Industry
        1. Packaging
        2. Electrical & Electronics
        3. Automotive
        4. Construction
        5. Others
      3. By Region
        1. North America
        2. Europe
        3. The Asia Pacific
        4. Latin America
        5. The Middle East and Africa
  6. North America Polyethylene Terephthalate (PET) Resin Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Size & Forecast by Volume, 2018-2028
      1. By Volume (Million Tons)
    3. Market Share & Forecast
      1. By Product Type
      2. By End-Use Industry
      3. By Country
        1. United States
        2. Canada
  7. Europe Polyethylene Terephthalate (PET) Resin Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Size & Forecast by Volume, 2018-2028
      1. By Volume (Million Tons)
    3. Market Share & Forecast
      1. By Product Type
      2. By End-Use Industry
      3. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
  8. The Asia Pacific Polyethylene Terephthalate (PET) Resin Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Size & Forecast by Volume, 2018-2028
      1. By Volume (Million Tons)
    3. Market Share & Forecast
      1. By Product Type
      2. By End-Use Industry
      3. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia Pacific
  9. Latin America Polyethylene Terephthalate (PET) Resin Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Size & Forecast by Volume, 2018-2028
      1. By Volume (Million Tons)
    3. Market Share & Forecast
      1. By Product Type
      2. By End-Use Industry
      3. By Country
        1. Brazil
        2. Mexico
        3. Rest of Latin America
  10. The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Size & Forecast by Volume, 2018-2028
      1. By Volume (Million Tons)
    3. Market Share & Forecast
      1. By Product Type
      2. By End-Use Industry
      3.         By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
  12. Impact of Covid-19 on Global Polyethylene Terephthalate (PET) Resin Market Industry
  13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Alpek S.A.B. de C.V.
    2. Indorama Ventures Public Company Limited
    3. JBF Industries Ltd
    4. LOTTE Chemical CORPORATION
    5. Far Eastern New Century Corporation
    6. China Petrochemical Corporation.
    7. SABIC, Reliance Industries Limited.
    8. RTP Company
    9. Vikas Ecotech Ltd.
    10. TEIJIN LIMITED
    11. Hitachi, Ltd.
    12. NEO GROUP, UAB
    13.  DuPont de Nemours, Inc
    14. Filatex India Limited
    15. Polyplex
    16. Retal Industries LTD.
    17. Persian Gulf Petrochemical Industries Co.
    18. Mitsui Chemicals Inc.
    19. Other prominent players.
  14. Key Strategic Recommendations

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1: Global Polyethylene Terephthalate (PET) Resin Market Segmentation

Figure 2: Global Polyethylene Terephthalate (PET) Resin Industry Value Chain Analysis

Figure 3: Global Polyethylene Terephthalate (PET) Resin Market Size, By Value (USD Million), 2018-2028

Figure 4: Global Polyethylene Terephthalate (PET) Resin Market Size, By Volume (MT), 2018-2028

Figure 5: Global Polyethylene Terephthalate (PET) Resin Market Share (%), By Product Type, By Value, 2018-2028

Figure 6: Global Polyethylene Terephthalate (PET) Resin Market Share (%), By Product Type, By Volume, 2018-2028

Figure 7: Global Polyethylene Terephthalate (PET) Resin Market Share (%), By End-Use Industry, By Value, 2018-2028

Figure 8: Global Polyethylene Terephthalate (PET) Resin Market Share (%), By End-Use Industry, By Volume, 2018-2028

Figure 9: Global Polyethylene Terephthalate (PET) Resin Market Share (%), By Region, By Value, 2018-2028

Figure 10: Global Polyethylene Terephthalate (PET) Resin Market Share (%), By Region, By Volume, 2018-2028

Figure 11: North America Polyethylene Terephthalate (PET) Resin Market Size, By Value (USD Million), 2018-2028

Figure 12: North America Polyethylene Terephthalate (PET) Resin Market Size, By Volume (MT), 2018-2028

Figure 13: North America Polyethylene Terephthalate (PET) Resin Market Share (%), By Product Type, By Value, 2018-2028

Figure 14: North America Polyethylene Terephthalate (PET) Resin Market Share (%), By Product Type, By Volume, 2018-2028

Figure 15: North America Polyethylene Terephthalate (PET) Resin Market Share (%), By End-Use Industry, By Value, 2018-2028

Figure 16: North America Polyethylene Terephthalate (PET) Resin Market Share (%), By End-Use Industry, By Volume, 2018-2028

Figure 17: North America Polyethylene Terephthalate (PET) Resin Market Share (%), By Country, By Value, 2018-2028 

Figure 18: North America Polyethylene Terephthalate (PET) Resin Market Share (%), By Country, By Volume, 2018-2028 

Figure 19: Europe Polyethylene Terephthalate (PET) Resin Market Size, By Value (USD Million), 2018-2028

Figure 20: Europe Polyethylene Terephthalate (PET) Resin Market Size, By Volume (MT), 2018-2028

Figure 21: Europe Polyethylene Terephthalate (PET) Resin Market Share (%), By Product Type, By Value, 2018-2028

Figure 22: Europe Polyethylene Terephthalate (PET) Resin Market Share (%), By Product Type, By Volume, 2018-2028

Figure 23: Europe Polyethylene Terephthalate (PET) Resin Market Share (%), By End-Use Industry, By Value, 2018-2028

Figure 24: Europe Polyethylene Terephthalate (PET) Resin Market Share (%), By End-Use Industry, By Volume, 2018-2028

Figure 25: Europe Polyethylene Terephthalate (PET) Resin Market Share (%), By Country, By Value, 2018-2028

Figure 26: Europe Polyethylene Terephthalate (PET) Resin Market Share (%), By Country, By Volume, 2018-2028

Figure 27: The Asia-Pacific Polyethylene Terephthalate (PET) Resin Market Size, By Value (USD Million), 2018-2028

Figure 28: The Asia-Pacific Polyethylene Terephthalate (PET) Resin Market Size, By Volume (MT), 2018-2028

Figure 29: The Asia-Pacific Polyethylene Terephthalate (PET) Resin Market Share (%), By Product Type, By Value, 2018-2028

Figure 30: The Asia-Pacific Polyethylene Terephthalate (PET) Resin Market Share (%), By Product Type, By Volume, 2018-2028

Figure 31: The Asia-Pacific Polyethylene Terephthalate (PET) Resin Market Share (%), By End-Use Industry, By Value, 2018-2028

Figure 32: The Asia-Pacific Polyethylene Terephthalate (PET) Resin Market Share (%), By End-Use Industry, By Volume, 2018-2028

Figure 33: The Asia-Pacific Polyethylene Terephthalate (PET) Resin Market Share (%), By Country, By Value, 2018-2028

Figure 34: The Asia-Pacific Polyethylene Terephthalate (PET) Resin Market Share (%), By Country, By Volume, 2018-2028

Figure 35: Latin America Polyethylene Terephthalate (PET) Resin Market Size, By Value (USD Million), 2018-2028

Figure 36: Latin America Polyethylene Terephthalate (PET) Resin Market Size, By Volume (MT), 2018-2028

Figure 37: Latin America Polyethylene Terephthalate (PET) Resin Market Share (%), By Product Type, By Value, 2018-2028

Figure 38: Latin America Polyethylene Terephthalate (PET) Resin Market Share (%), By Product Type, By Volume, 2018-2028

Figure 39: Latin America Polyethylene Terephthalate (PET) Resin Market Share (%), By End-Use Industry, By Value, 2018-2028

Figure 40: Latin America Polyethylene Terephthalate (PET) Resin Market Share (%), By End-Use Industry, By Volume, 2018-2028

Figure 41: Latin America Polyethylene Terephthalate (PET) Resin Market Share (%), By Country, By Value, 2018-2028

Figure 42: Latin America Polyethylene Terephthalate (PET) Resin Market Share (%), By Country, By Volume, 2018-2028

Figure 43: The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Size, By Value (USD Million), 2018-2028

Figure 44: The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Size, By Volume (MT), 2018-2028

Figure 45: The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Share (%), By Product Type, By Value, 2018-2028

Figure 46: The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Share (%), By Product Type, By Volume, 2018-2028

Figure 47: The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Share (%), By End-Use Industry, By Value, 2018-2028

Figure 48: The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Share (%), By End-Use Industry, By Volume, 2018-2028

Figure 49: The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Share (%), By Country, By Value, 2018-2028

Figure 50: The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Share (%), By Country, By Volume, 2018-2028

Figure 51: Global Polyethylene Terephthalate (PET) Resin Market Share Analysis, 2021

 

List of Tables

 

Table 1: Global Polyethylene Terephthalate (PET) Resin Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 2: Global Polyethylene Terephthalate (PET) Resin Market Size, By Product Type, By Volume (MT), 2018-2028

Table 3: Global Polyethylene Terephthalate (PET) Resin Market Size, By End-Use Industry, By Value (USD Million), 2018-2028

Table 4: Global Polyethylene Terephthalate (PET) Resin Market Size, By End-Use Industry, By Volume (MT), 2018-2028

Table 5: Global Polyethylene Terephthalate (PET) Resin Market Size. By Region, By Value (USD Million), 2018-2028

Table 6: Global Polyethylene Terephthalate (PET) Resin Market Size. By Region, By Volume (MT), 2018-2028

Table 7: North America Polyethylene Terephthalate (PET) Resin Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 8: North America Polyethylene Terephthalate (PET) Resin Market Size, By Product Type, By Volume (MT), 2018-2028

Table 9: North America Polyethylene Terephthalate (PET) Resin Market Size, By End-Use Industry, By Value (USD Million), 2018-2028

Table 10: North America Polyethylene Terephthalate (PET) Resin Market Size, By End-Use Industry, By Volume (MT), 2018-2028

Table 11: 28 North America Polyethylene Terephthalate (PET) Resin Market Size (USD Million), By Country, By Value 2018-2028 

Table 12: North America Polyethylene Terephthalate (PET) Resin Market Size (MT), By Country, By Volume 2018-2028 

Table 13: Europe Polyethylene Terephthalate (PET) Resin Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 14: Europe Polyethylene Terephthalate (PET) Resin Market Size, By Product Type, By Volume (MT), 2018-2028

Table 15: Europe Polyethylene Terephthalate (PET) Resin Market Size, By End-Use Industry, By Value (USD Million), 2018-2028

Table 16: Europe Polyethylene Terephthalate (PET) Resin Market Size, By End-Use Industry, By Volume (MT), 2018-2028

Table 17: 40 Europe Polyethylene Terephthalate (PET) Resin Market Size (USD Million), By Country, By Value 2018-2028 

Table 18: Europe Polyethylene Terephthalate (PET) Resin Market Size (MT), By Country, By Volume 2018-2028 

Table 19: The Asia-Pacific Polyethylene Terephthalate (PET) Resin Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 20: The Asia-Pacific Polyethylene Terephthalate (PET) Resin Market Size, By Product Type, By Volume (MT), 2018-2028

Table 21: The Asia-Pacific Polyethylene Terephthalate (PET) Resin Market Size, By End-Use Industry, By Value (USD Million), 2018-2028

Table 22: The Asia-Pacific Polyethylene Terephthalate (PET) Resin Market Size, By End-Use Industry, By Volume (MT), 2018-2028

Table 23: 52 The Asia-Pacific Polyethylene Terephthalate (PET) Resin Market Size (USD Million), By Country, By Value 2018-2028 

Table 24: The Asia-Pacific Polyethylene Terephthalate (PET) Resin Market Size (MT), By Country, By Volume 2018-2028 

Table 25: Latin America Polyethylene Terephthalate (PET) Resin Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 26: Latin America Polyethylene Terephthalate (PET) Resin Market Size, By Product Type, By Volume (MT), 2018-2028

Table 27: Latin America Polyethylene Terephthalate (PET) Resin Market Size, By End-Use Industry, By Value (USD Million), 2018-2028

Table 28: Latin America Polyethylene Terephthalate (PET) Resin Market Size, By End-Use Industry, By Volume (MT), 2018-2028

Table 29: 64 Latin America Polyethylene Terephthalate (PET) Resin Market Size (USD Million), By Country, By Value 2018-2028 

Table 30: Latin America Polyethylene Terephthalate (PET) Resin Market Size (MT), By Country, By Volume 2018-2028 

Table 31: The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Size, By Product Type, By Value (USD Million), 2018-2028

Table 32: The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Size, By Product Type, By Volume (MT), 2018-2028

Table 33: The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Size, By End-Use Industry, By Value (USD Million), 2018-2028

Table 34: The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Size, By End-Use Industry, By Volume (MT), 2018-2028

Table 35: 76 The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Size (USD Million), By Country, By Value 2018-2028 

Table 36: The Middle East & Africa Polyethylene Terephthalate (PET) Resin Market Size (MT), By Country, By Volume 2018-2028 

Table 36:       Alpek S.A.B. de C.V. Company Overview                     

Table 37:       Alpek S.A.B. de C.V. Financial Overview                      

Table 38:       Indorama Ventures Public Company Limited Company Overview                   

Table 39:       Indorama Ventures Public Company Limited Financial Overview                    

Table 40:       LOTTE Chemical CORPORATION Company Overview                         

Table 41:       LOTTE Chemical CORPORATION Financial Overview                          

Table 42:       Far Eastern New Century Corporation Company Overview                           

Table 43:       Far Eastern New Century Corporation Financial Overview                   

Table 44:       SABIC, Reliance Industries Limited. Company Overview                    

Table 45:       SABIC, Reliance Industries Limited. Financial Overview                     

Table 46:       Vikas Ecotech Ltd. Company Overview                        

Table 47:       Vikas Ecotech Ltd. Financial Overview                         

Table 48:       TEIJIN LIMITED Company Overview                            

Table 49:       TEIJIN LIMITED Financial Overview                   

Table 50:       Hitachi, Ltd. Company Overview                       

Table 51:       Hitachi, Ltd. Financial Overview                        

Table 52:       NEO GROUP, UAB Company Overview                         

Table 53:       NEO GROUP, UAB Financial Overview                          

Table 54:       DuPont de Nemours, Inc Company Overview                         

Table 55:       DuPont de Nemours, Inc Financial Overview                          

Table 56:       Filatex India Limited Company Overview                      

Table 57:       Filatex India Limited Financial Overview                      

Table 58:       Polyplex Company Overview                   

Table 59:       Polyplex Financial Overview                    

Table 60:       Retal Industries LTD. Company Overview                     

Table 61:       Retal Industries LTD. Financial Overview                      

Table 62:       Persian Gulf Petrochemical Industries Co. Company Overview                      

Table 63:       Persian Gulf Petrochemical Industries Co. Financial Overview                       

Table 64:       Mitsui Chemicals Inc. Company Overview                    

Table 65:       Mitsui Chemicals Inc. Financial Overview                               

Market Segmentation

By Product Type

  • Bottles
  • Sheet & Films
  • Consumer Goods
  • Food Packaging
  • Others

By End-Use Industry

  • Packaging
  • Electrical & Electronics
  • Automotive
  • Construction
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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Frequently Asked Questions (FAQs):

Ans: The global polyethylene terephthalate (PET) resin market reached 80.9 Million Tons in 2021.
Ans: The growth of the global polyethylene terephthalate (PET) resin market can be primarily attributed to the soaring demand for polyester fibers coupled with escalating demand for PET from the packaging and bottling industry.
Ans: The key players operating in the global polyethylene terephthalate (PET) resin market are Alpek S.A.B. de C.V., Indorama Ventures Public Company Limited, JBF Industries Ltd, LOTTE Chemical CORPORATION, Far Eastern New Century Corporation, China Petrochemical Corporation., SABIC, Reliance Industries Limited., RTP Company, Vikas Ecotech Ltd., TEIJIN LIMITED, Hitachi, Ltd., NEO GROUP, UAB; DuPont de Nemours, Inc, Filatex India Limited, Polyplex, Retal Industries LTD., Persian Gulf Petrochemical Industries Co., the Mitsubishi Chemical and other prominent players.
Ans: The bottles segment accounted for the largest share in the global polyethylene terephthalate (PET) resin market.
Ans: Asia-Pacific region is growing in the global polyethylene terephthalate (PET) resin at a higher rate.