The global demand for Crystalline Polyethylene Terephthalate Market is presumed to reach the market size of nearly USD 13.35 MN by 2028 from USD 8.8 MN in 2021 with a CAGR of 6.13% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Crystalline polyethylene terephthalate is employed in packaging due to its exceptional rigidity and ability to withstand high temperatures from -400 to 4000 degrees Fahrenheit. It is non-toxic and can be used to package food and beverages. Because PET plastic bottles are good water and moisture barrier materials, they are extensively used for mineral water and carbonated soft drinks. Polyethylene terephthalate is made by polymerizing ethylene glycol and terephthalic acid. Terephthalic acid and ethylene glycol are the two main components. The two types of molding used for transparent bottles are blow molding and injection molding.
Market Dynamics
The benefits of crystalline polyethylene terephthalate are propelling the market forward. The fact that it is easily recyclable is the most appealing aspect. The vast majority of plastic is discarded in landfills or burnt. Because of its recyclability, it decreases pollution and rubbish accumulation. As a result of industrialization in a range of industries, demand for crystalline polyethylene terephthalate has increased for various applications. Due to expanding demand and changing day-to-day needs, the demand for sustainable packaging is increasing. Crystalline PET's physical features, like strength and stiffness, clarity, lightweight, low taste absorption, and acceptable creep characteristics, make it appropriate for a broad array of applications.
However, throughout the globe, stringent regulations requiring the use of renewable and biodegradable materials are in place. New era technology materials are replacing the old conventional method of using plastics due to its harmful environmental effects. Polyethylene Furanoate (PEF), Polyhydroxyalkanoate (PHA), and other biopolymers are new generation polymers that are environmentally friendly and sustainable. These substitutes might stifle the market growth for crystalline polyethylene terephthalate.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of crystalline polyethylene terephthalate. The growth and trends of Crystalline Polyethylene Terephthalate Industry provide a holistic approach to this study.
Market Segmentation
This section of the crystalline polyethylene terephthalate market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Manufacturing Process
- Extrusion Process
- Molding Process
By Application
- Trays, Cups
- Films/Sheets
- Bottles
- Others
By End User Industry
- Food & Beverage
- Pharmaceutical
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Crystalline Polyethylene Terephthalate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Crystalline Polyethylene Terephthalate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the crystalline polyethylene terephthalate market include Eastman Chemical Company (U.S.), Bayer MaterialScience AG (Germany), La Seda De Barcelona (Spain), Petrotemex S.A. de C.V. (Mexico), Quadrant (Switzerland), Indorama Ventures Public Limited Company (Netherlands), DAK Americas LLC (U.S.), Far Eastern New Century Corporation, Grupo Petrotemex, S. A. de C. V., Indorama Ventures Public Company Limited, DAK Americas LLC, DowDupont Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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