Market Overview:
The global PET (resin) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for PET resin from various end-use industries, such as automotive, electrical & electronics, consumer goods, industrial and others. In terms of volume, Asia Pacific is expected to lead the global PET resin market during the forecast period.
Product Definition:
PET (polyethylene terephthalate) is a synthetic polymer resin made from the combination of ethylene glycol and terephthalic acid. It is most commonly used to make beverage bottles, food containers, and other packaging materials.
Bottles:
Bottles is a material that holds the resin during the production process of PET (Polyethylene Terephthalate) and it’s also used for packaging after-use products such as bottles & jars. The growth factor in the market mainly depends on two factors, firstly, increasing demand from end-user industries such as food & beverages and secondly, technological advancements in terms of recycling.
Films/Sheets:
PET, or Polyethylene Terephthalate is a polymer that is widely used for the production of bottles and containers. It has applications in food packaging as well. PET can be processed by both organic and inorganic methods; however, it prefers an organic process due to its superior properties.
Application Insights:
The automotive application segment accounted for a revenue share of 36.0% in 2017 and is expected to witness significant growth over the forecast period. Increasing demand for resin-based products in various automotive applications, such as instrument panels, body exterior parts, interior trim pieces and moldings, hoods/bonnets/tops, door panels and trunk trim is anticipated to drive the market over the forecast period.
Resins are used extensively across all consumer goods applications including electronics devices (smartphones & tablets), home appliances (washing machines & tumble dryers), furniture (sofas & chairs), kitchen appliances (refrigerators & dishwashers) and other consumer products such as sporting goods or toys among others. The increasing use of resin-based paints across all major industries has resulted in high product demand worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for nearly 60% of the overall consumption of resins owing to high demand from various end-use industries, such as automotive, consumer goods, and industrial. China is one of the largest markets for petrochemical products globally with a share exceeding 20%. Growing population coupled with rising living standards have spurred product demand across Asia Pacific.
North America emerged as a significant regional market in 2017 due to growing product demand from end-use industries including electrical & electronics, construction & housing, and automotive. High disposable income levels among consumers are driving them towards luxury cars which requires high investment on parts including engines made up of plastics materials that are derived from PET bottles.
Growth Factors:
- Increasing demand from end-use industries such as packaging, automotive and construction
- Growing popularity of PET bottles for carbonated drinks and water
- Rising demand for lightweight and durable products in automotive industry
- Proliferation of new applications for PET resin in the medical, electronics and optical sectors
- Development of innovative technologies that improve the quality and efficiency of PET production
Scope Of The Report
Report Attributes
Report Details
Report Title
PET (Resin) Market Research Report
By Type
Bottles, Films/Sheets
By Application
Automotive, Electrical & Electronics, Consumer Goods, Industrial, Others
By Companies
Indorama Ventures (Thailand), M&G Chemicals (Luxembourg), Jiangsu Sanfangxiang (China), Far Eastern New Century (Taiwan), Alpex (Mexico), BASF (Germany), Toray Industries (Japan), DSM (Netherlands)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global PET (Resin) Market Report Segments:
The global PET (Resin) market is segmented on the basis of:
Types
Bottles, Films/Sheets
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Electrical & Electronics, Consumer Goods, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Indorama Ventures (Thailand)
- M&G Chemicals (Luxembourg)
- Jiangsu Sanfangxiang (China)
- Far Eastern New Century (Taiwan)
- Alpex (Mexico)
- BASF (Germany)
- Toray Industries (Japan)
- DSM (Netherlands)
Highlights of The PET (Resin) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bottles
- Films/Sheets
- By Application:
- Automotive
- Electrical & Electronics
- Consumer Goods
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PET (Resin) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PET (polyethylene terephthalate) is a type of plastic that is used to make bottles, containers, and other products.
Some of the major players in the pet (resin) market are Indorama Ventures (Thailand), M&G Chemicals (Luxembourg), Jiangsu Sanfangxiang (China), Far Eastern New Century (Taiwan), Alpex (Mexico), BASF (Germany), Toray Industries (Japan), DSM (Netherlands).
The pet (resin) market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. PET (Resin) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. PET (Resin) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. PET (Resin) Market - Supply Chain
4.5. Global PET (Resin) Market Forecast
4.5.1. PET (Resin) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. PET (Resin) Market Size (000 Units) and Y-o-Y Growth
4.5.3. PET (Resin) Market Absolute $ Opportunity
5. Global PET (Resin) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. PET (Resin) Market Size and Volume Forecast by Type
5.3.1. Bottles
5.3.2. Films/Sheets
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global PET (Resin) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. PET (Resin) Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Electrical & Electronics
6.3.3. Consumer Goods
6.3.4. Industrial
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global PET (Resin) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. PET (Resin) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global PET (Resin) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. PET (Resin) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global PET (Resin) Demand Share Forecast, 2019-2029
9. North America PET (Resin) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America PET (Resin) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America PET (Resin) Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Electrical & Electronics
9.4.3. Consumer Goods
9.4.4. Industrial
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America PET (Resin) Market Size and Volume Forecast by Type
9.7.1. Bottles
9.7.2. Films/Sheets
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America PET (Resin) Demand Share Forecast, 2019-2029
10. Latin America PET (Resin) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America PET (Resin) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America PET (Resin) Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Electrical & Electronics
10.4.3. Consumer Goods
10.4.4. Industrial
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America PET (Resin) Market Size and Volume Forecast by Type
10.7.1. Bottles
10.7.2. Films/Sheets
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America PET (Resin) Demand Share Forecast, 2019-2029
11. Europe PET (Resin) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe PET (Resin) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe PET (Resin) Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Electrical & Electronics
11.4.3. Consumer Goods
11.4.4. Industrial
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe PET (Resin) Market Size and Volume Forecast by Type
11.7.1. Bottles
11.7.2. Films/Sheets
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. ByCountry
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe PET (Resin) Demand Share, 2019-2029
12. Asia Pacific PET (Resin) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific PET (Resin) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific PET (Resin) Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Electrical & Electronics
12.4.3. Consumer Goods
12.4.4. Industrial
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific PET (Resin) Market Size and Volume Forecast by Type
12.7.1. Bottles
12.7.2. Films/Sheets
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific PET (Resin) Demand Share, 2019-2029
13. Middle East & Africa PET (Resin) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa PET (Resin) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa PET (Resin) Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Electrical & Electronics
13.4.3. Consumer Goods
13.4.4. Industrial
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa PET (Resin) Market Size and Volume Forecast by Type
13.7.1. Bottles
13.7.2. Films/Sheets
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa PET (Resin) Demand Share, 2019-2029
14. Competition Landscape
14.1. Global PET (Resin) Market: Market Share Analysis
14.2. PET (Resin) Distributors and Customers
14.3. PET (Resin) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Indorama Ventures (Thailand)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. M&G Chemicals (Luxembourg)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Jiangsu Sanfangxiang (China)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Far Eastern New Century (Taiwan)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Alpex (Mexico)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BASF (Germany)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Toray Industries (Japan)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DSM (Netherlands)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook