GCC Crystalline Polyethylene Terephthalate Market, Expects MicroMarketMonitor in Its Report Available at MarketPublishers.com28 Sep 2016 • by Natalie Aster
LONDON – The market for GCC Crystalline Polyethylene Terephthalate (CPET) reached a value of slightly over USD 324 million in 2016.
In terms of application, the food packaging segment holds the largest share of this marketplace. It is set to hold such a position through 2021.
This segment is largely driven by the rising demand from the packaged food industry.
Some other factors favoring growth of the global demand are rising investment in advertising, development of new products, growth in the retail space, and more.
Saudi Arabia is expected to be the number one player globally in the upcoming years.
The UAE is another important player which is forecast to show high growth in the near term.
The world’s market will grow significantly in through 2021, and its CAGR is set to be double digit (just under 15%). It is expected to surpass a value of USD 713 million by 2021.
The marketplace is ruled by such companies as OCTAL, DOW Chemical, JBF RRK LLC, and more.
In-demand research report “GCC Crystalline Polyethylene Terephthalate (CPET) Market - By Application, By Country - ANALYSIS AND FORECAST TO 2021” worked out by MicroMarketMonitor offers an up-close look at the CPET marketplace. The study comprises an all-round overview of this space. It discusses opportunities the marketplace has and delves deep into drivers and inhibitors of the market.
The report comprises Porter’s five forces analysis as well as SWOT analysis. The research study scrutinizes the market on the basis of application fields and casts light on major countries. It investigates the competitive environment and discusses the competitive situation along with major trends.
The research report profiles leading companies and gives detailed future forecasts through 2021.
- 360-degree overview of the marketplace;
- coverage of latest trends and developments;
- insights into market dynamics;
- investigation of the competitive landscape;
- company profiles;
- future projections;
- and more.
More cutting-edge studies by MicroMarketMonitor can be found at its page.