Polyethylene terephthalate is a thermoplastic resin belonging to the polyester group and made from terephthalic acid and ethylene glycol. It is white water-insoluble odorless solid which is usually processed into films and fibers or other molded products. Polyethylene terephthalate is commonly utilized in the manufacture of the plastic containers, food packaging, bottles, etc. Recycled polyethylene terephthalate is employed in the production of various items such as automotive parts, footwear, clothes, door panels, bags and a far more.
In the end of the last century, the polyethylene terephthalate market was worth above USD 23 billion. It is predicted to grow at a CARG of more than 9.5% to amount to almost USD 48.5 billion in 2016. In 2016, the worldwide output is likely to override 76.5 million tonnes. The Asia-Pacific is forecast to hold its dominant position in terms of the demand. At present, food packages, bottles and containers industry segments call for the largest market share (above 62% combined market share).
This MarketPublishers’ catalogue encloses research studies reviewing the polyethylene terephthalate market at different geographical levels. The reports uncover data on the production, consumption, exports and imports. The researches disclose information on market drivers, barriers, size and segmentation; describe prevalent market trends. Furthermore, the research reports include discussions of future market prospects.