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Polyethylene Terephthalate Global Market Report 2021: COVID-19 Impact and Recovery to 2030

  • ID: 5323071
  • Report
  • May 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • BASF SE
  • DSM
  • Hengli Group Co. Ltd
  • Lanxess Corporation
  • Nan Ya Plastics
  • Octal
Polyethylene Terephthalate Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global polyethylene terephthalate market as it emerges from the COVID-19 shut down.







Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the polyethylene terephthalate? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Polyethylene Terephthalate market global 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. It places the market within the context of the wider polyethylene terephthalate market, and compares it with other markets.
  • 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, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down 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 impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape 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.
  • The polyethylene terephthalate market section of the report gives context. It compares the polyethylene terephthalate market with other segments of the polyethylene terephthalate market by size and growth, historic and forecast.

Scope

Markets Covered:

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)

Companies Mentioned: Far Eastern New Century Corporation; Hengli Group Co. Ltd; Indorama Ventures Public Company Limited; JBF Industries Ltd; Jiangsu Sanfangxiang Group

Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia

Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.

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.
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Frequently Asked Questions about the Global Polyethylene Terephthalate Market

What is the estimated value of the Global Polyethylene Terephthalate Market?

The Global Polyethylene Terephthalate Market was estimated to be valued at $22.7 billion in 2021.

What is the growth rate of the Global Polyethylene Terephthalate Market?

The growth rate of the Global Polyethylene Terephthalate Market is 4.1%, with an estimated value of $26.6 billion by 2025.

What is the forecasted size of the Global Polyethylene Terephthalate Market?

The Global Polyethylene Terephthalate Market is estimated to be worth $26.6 billion by 2025.

Who are the key companies in the Global Polyethylene Terephthalate Market?

Key companies in the Global Polyethylene Terephthalate Market include 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 and Sinopec Group.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BASF SE
  • DSM
  • Hengli Group Co. Ltd
  • Lanxess Corporation
  • Nan Ya Plastics
  • Octal

1. Executive Summary2. Polyethylene Terephthalate Market Characteristics3. Polyethylene Terephthalate Market Trends and Strategies4. Impact of COVID-19 on Polyethylene Terephthalate
5. Polyethylene Terephthalate Market Size and Growth
5.1. Global Polyethylene Terephthalate Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Polyethylene Terephthalate Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Polyethylene Terephthalate Market Segmentation
6.1. Global Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Virgin
  • Recycle
6.2. Global Polyethylene Terephthalate Market, Segmentation by End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Packaging
  • Electrical & Electronics
  • Automotive
  • Construction
  • Others (Material Handling and Strapping)
6.3. Global Polyethylene Terephthalate Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Beverages
  • Sheets & Films
  • Consumer Goods
  • Food Packaging
  • Others (Cosmetic Bottles and Household Products)

7. Polyethylene Terephthalate Market Regional and Country Analysis
7.1. Global Polyethylene Terephthalate Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Polyethylene Terephthalate Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Polyethylene Terephthalate Market
8.1. Asia-Pacific Polyethylene Terephthalate Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Polyethylene Terephthalate Market
9.1. China Polyethylene Terephthalate Market Overview
9.2. China Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Polyethylene Terephthalate Market
10.1. India Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Polyethylene Terephthalate Market
11.1. Japan Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Polyethylene Terephthalate Market
12.1. Australia Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Polyethylene Terephthalate Market
13.1. Indonesia Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Polyethylene Terephthalate Market
14.1. South Korea Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Polyethylene Terephthalate Market
15.1. Western Europe Polyethylene Terephthalate Market Overview
15.2. Western Europe Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Polyethylene Terephthalate Market
16.1. UK Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Polyethylene Terephthalate Market
17.1. Germany Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Polyethylene Terephthalate Market
18.3. France Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Polyethylene Terephthalate Market
19.1. Eastern Europe Polyethylene Terephthalate Market Overview
19.2. Eastern Europe Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Polyethylene Terephthalate Market
20.1. Russia Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Polyethylene Terephthalate Market
21.1. North America Polyethylene Terephthalate Market Overview
21.2. North America Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Polyethylene Terephthalate Market
22.1. USA Polyethylene Terephthalate Market Overview
22.2. USA Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Polyethylene Terephthalate Market
23.1. South America Polyethylene Terephthalate Market Overview
23.2. South America Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Polyethylene Terephthalate Market
24.1. Brazil Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Polyethylene Terephthalate Market
25.1. Middle East Polyethylene Terephthalate Market Overview
25.2. Middle East Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Polyethylene Terephthalate Market
26.1. Africa Polyethylene Terephthalate Market Overview
26.2. Africa Polyethylene Terephthalate Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Polyethylene Terephthalate Market Competitive Landscape and Company Profiles
27.1. Polyethylene Terephthalate Market Competitive Landscape
27.2. Polyethylene Terephthalate Market Company Profiles
27.2.1. Far Eastern New Century Corporation
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Hengli Group Co. Ltd
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Indorama Ventures Public Company Limited
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. JBF Industries Ltd
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Jiangsu Sanfangxiang Group
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
29. Key Mergers and Acquisitions in the Polyethylene Terephthalate Market29. Polyethylene Terephthalate Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BASF SE
  • DSM
  • Hengli Group Co. Ltd
  • Lanxess Corporation
  • Nan Ya Plastics
  • Octal
Major players in the polyethylene terephthalate 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) and Sinopec Group.

The global polyethylene terephthalate market is expected to grow from $18.78 billion in 2020 to $22.66 billion in 2021 at a compound annual growth rate (CAGR) of 20.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $26.61 billion in 2025 at a CAGR of 4%.

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 mono ethylene glycol (MEG) and purified terephthalic acid (PTA) and are known for their excellent combination of mechanical, thermal, chemical and dimensional stability.

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. According to the springer report 2019, global production of plastics is over 300 million tons, 20% of which is produced in China . 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. In October 2019, India announced a plan, "Clean India Mission" which is an attempt to "sensitize" the public against single-use plastics and it planned to eliminate single-use plastics within three years. Furthermore, according to the Federation of Indian Chambers of Commerce and Industry, India produces about 33 million pounds of plastic waste each day, and 60 percent of it is recycled. That’s approximately 24 pounds of waste per person per year, compared with 62 pounds globally. Imposing strict regulations on manufacturing and recycling plastic products has a negative impact on polyethylene terephthalate market.

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).

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 January 2020, DAK Americas, a US-based company and largest integrated producer of PET resins in the world and the main producer of polyester staple fibers, headquartered in North Carolina, United States acquired Perpetual Recycling Solutions for an undisclosed amount. The acquisition of Perpetual and rPET capacity confirms Alpek Polyester’s ongoing dedication to sustainable product offerings to meet consumer demand for rPET content. Perpetual Recycling Solutions is a US-based company that is a high-quality manufacturer of post-consumer recycled PET resin.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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
  • RTP COMPANY
  • BASF SE
  • Dupont
  • DSM
  • M&G Group
  • Lanxess Corporation
  • Nan Ya Plastics
  • Lyondell Basell Industries N.V.
  • Toray Industries, Inc.
  • Neo Group
  • Dhunseri Petrochem Ltd.,
  • Lotte Chemical Corporation
Note: Product cover images may vary from those shown

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