Global PET (Resin) Market Report - 2012 Edition
PET (polyethylene terephthalate) is a plastic resin and form of polyester widely used for packaging foods and beverages, especially convenience-sized soft drinks, juices and water. Due to its varied applications, PET consumption increased significantly in the last 15 years over other alternative packaging materials (aluminium, glass, paper and others). The global PET resin industry (in terms of capacity) grew at a CAGR of 7.8% over the period 2005-2011. This growth is being driven by population growth, urbanization in developing countries, rise in disposable income and growth in FMCG sector. Moreover, emergence of new application areas for PET resin like alcoholic and non-alcoholic beverages as well as pharmaceuticals will be contributing to its growth in future years.
Asia is the largest PET resin producer followed by North America, Europe and MEA. Demand of recycled PET (RPET) has increased over the past few years due to high virgin PET prices and new PET reclamation plants getting operational. Recent high volatility in energy and raw materials prices and growing concern about carbon footprint and sustainability have encouraged companies to use renewable and bio-based feedstocks for the production of PET. Challenges faced by the industry include high PTA (Purified Terephthalic acid) and MEG (Monoethylene Glycol) prices and reduction in bottle weights.
Worldwide PET resin market is fragmented with top five manufacturers having approximately one-third of the total market share. PET market in North America is consolidated with top 3 companies accounting for nearly 90% of market share. Globally Indorama is the market leader. Other major companies include Alpek, M&G, Sinopec, Jiangsu, Far Eastern, China Resources and Nan Ya.
The current report covers supply and demand trend, classification, market size and segmentation of the global PET resin market. It also includes detailed coverage on PET resin market for regions such as North America, Western Europe, South Africa and Asia. The various drivers, opportunities and the challenges faced by the market are discussed in detail. The competitive aspect of the market is also highlighted and the key players are profiled with their strategies for this market.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Asia is the largest PET resin producer followed by North America, Europe and MEA. Demand of recycled PET (RPET) has increased over the past few years due to high virgin PET prices and new PET reclamation plants getting operational. Recent high volatility in energy and raw materials prices and growing concern about carbon footprint and sustainability have encouraged companies to use renewable and bio-based feedstocks for the production of PET. Challenges faced by the industry include high PTA (Purified Terephthalic acid) and MEG (Monoethylene Glycol) prices and reduction in bottle weights.
Worldwide PET resin market is fragmented with top five manufacturers having approximately one-third of the total market share. PET market in North America is consolidated with top 3 companies accounting for nearly 90% of market share. Globally Indorama is the market leader. Other major companies include Alpek, M&G, Sinopec, Jiangsu, Far Eastern, China Resources and Nan Ya.
The current report covers supply and demand trend, classification, market size and segmentation of the global PET resin market. It also includes detailed coverage on PET resin market for regions such as North America, Western Europe, South Africa and Asia. The various drivers, opportunities and the challenges faced by the market are discussed in detail. The competitive aspect of the market is also highlighted and the key players are profiled with their strategies for this market.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
1. POLYETHYLENE TEREPHTHALATE (PET)
1.1 Introduction
1.2 Value Chain
2. GLOBAL POLYESTER MARKET
2.1 Market Size
2.2 Market Segmentation
3. GLOBAL PET (RESIN) MARKET
3.1 Supply and Demand Trend
3.2 Geographical Segmentation
3.3 Segmentation by End Product
3.4 Per Capita Consumption of PET by Countries
4. NORTH AMERICA PET MARKET
4.1 Supply and Demand Trend
4.2 Segmentation by Regions
4.3 Recycling of PET Bottles
4.4 The US PET Market
4.5 Mexico PET Market
5. WESTERN EUROPEAN PET RESIN MARKET
5.1 Supply and Demand
6. SOUTH AFRICA PET MARKET
6.1 Market Size
6.2 PET Recycling
7. ASIAN PET MARKET
7.1 India
7.2 China
8. GROWTH DRIVERS
8.1 Improvement in World Economy
8.2 Growth in Beverage Packaging
8.3 More Environmental Friendly
8.4 Cheaper and Cost Effective
9. KEY OPPORTUNITIES
9.1 Renewable/Bio-Based Feedstocks
9.2 Demand from Emerging Markets
10. CHALLENGES
10.1 Volatile Raw Material Costs
10.2 Light Weighting of PET Bottles
11. COMPETITIVE LANDSCAPE
11.1 Global PET Market Players
11.2 North America PET Market Players
11.3 Europe PET Market Players
12. COMPANY PROFILES
12.1 Indorama Ventures Limited (IVL)
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Business Strategies
Expansion through Acquisitions
Backward Integration
Expand Product Portfolio
12.2 Alpek
12.2.1 Business Overview
12.2.2 Financial Overview
12.2.3 Business Strategies
Capitalize on Market Growth Opportunities
Continue to Pursue Sustainability Initiatives
12.3 Sinopec Corporation
12.3.1 Business Overview
12.3.2 Financial Overview
12.3.3 Business Strategies
Focus on Research and Development
Investments for Upcoming Projects
13. MARKET OUTLOOK
13.1 Global PET Resin Market Forecast
13.2 Forecast Methodology
13.2.1 Dependent and Independent Variables
13.2.2 Correlation Analysis
13.2.3 Regression Analysis
1.1 Introduction
1.2 Value Chain
2. GLOBAL POLYESTER MARKET
2.1 Market Size
2.2 Market Segmentation
3. GLOBAL PET (RESIN) MARKET
3.1 Supply and Demand Trend
3.2 Geographical Segmentation
3.3 Segmentation by End Product
3.4 Per Capita Consumption of PET by Countries
4. NORTH AMERICA PET MARKET
4.1 Supply and Demand Trend
4.2 Segmentation by Regions
4.3 Recycling of PET Bottles
4.4 The US PET Market
4.5 Mexico PET Market
5. WESTERN EUROPEAN PET RESIN MARKET
5.1 Supply and Demand
6. SOUTH AFRICA PET MARKET
6.1 Market Size
6.2 PET Recycling
7. ASIAN PET MARKET
7.1 India
7.2 China
8. GROWTH DRIVERS
8.1 Improvement in World Economy
8.2 Growth in Beverage Packaging
8.3 More Environmental Friendly
8.4 Cheaper and Cost Effective
9. KEY OPPORTUNITIES
9.1 Renewable/Bio-Based Feedstocks
9.2 Demand from Emerging Markets
10. CHALLENGES
10.1 Volatile Raw Material Costs
10.2 Light Weighting of PET Bottles
11. COMPETITIVE LANDSCAPE
11.1 Global PET Market Players
11.2 North America PET Market Players
11.3 Europe PET Market Players
12. COMPANY PROFILES
12.1 Indorama Ventures Limited (IVL)
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Business Strategies
Expansion through Acquisitions
Backward Integration
Expand Product Portfolio
12.2 Alpek
12.2.1 Business Overview
12.2.2 Financial Overview
12.2.3 Business Strategies
Capitalize on Market Growth Opportunities
Continue to Pursue Sustainability Initiatives
12.3 Sinopec Corporation
12.3.1 Business Overview
12.3.2 Financial Overview
12.3.3 Business Strategies
Focus on Research and Development
Investments for Upcoming Projects
13. MARKET OUTLOOK
13.1 Global PET Resin Market Forecast
13.2 Forecast Methodology
13.2.1 Dependent and Independent Variables
13.2.2 Correlation Analysis
13.2.3 Regression Analysis
LIST OF CHARTS
Traditional PET Processing Process
The Polyester Value Chain
Global Polyester Production (2005-2020F)
Global Polyester Production by End Product (2011)
World PET Resin Capacity and Production by Volume: (2005-2011)
World PET Resin Demand: (2008-2015F)
Worldwide PET Resin Production by Category (2011)
Breakdown of Global PET Resin Market by Regions (2011)
Global PET Resin Demand by Industry (2011)
Comparison of Per Capita Consumption of PET by Countries (2011E)
North America PET Supply and Demand Market (2003-2011)
North America PET Market Segmentation by Regions (2011)
The US PET Market Industry (2006-2011)
The US PET Market Share (2011)
The US Custom PET Market Share (2011)
PET Solid-State Resin Consumption in Mexico (2011-2016F)
PET Solid-State Resin Consumption by Category in Mexico (2011 vs 2016F)
Share of Western Europe in Overall European PET Market (2011)
PET Resin market in South Africa (2005-2011)
Growth of PET Recycling in South Africa (2005-2011)
Asian PET Market by Regions (2011)
Share of PET in Overall Indian Polyester Production (2011)
PET Resin Demand in India (2006-07 to 2011-12)
Market segments for PET chips in India (FY12)
India PET Chips (Bottle Grade) Market Shares (2011)
China Capacity Growth in Polyester Staple Fiber (2004-2015F)
China PET Production (2005-2050F)
Global GDP (2004-2011)
Global Beverage Packaging Demand by Volume (2004-2014F)
Energy Required to Produce Packaging for 100 Koz of Soft Drink
Greenhouse Gases Generated To Produce Packaging for 100 Koz of Soft Drink
Aluminium versus PET Prices (2009-Q312)
Share of PET Demand by Regions (2009A vs 2013F)
Share of PET in Total Packaging Industry by Region (2011)
Global MEG: Supply and Demand (2005-2014F)
MEG Price Trend (2009-Q312)
Global PTA: Supply and Demand (2005-2014F)
PTA Price Trend (2009-Q312)
Leading PET Market Players in Europe (2011)
Net Sales of PET Resins Segment of IVL (2008-2011)
Net Sales of Alpek (2009-2011)
Sinopec- Synthetic Resins Production (2007-2011)
Operating Revenues of Chemical Segment- Sinopec (2008-2011)
Global PET Resin Demand Forecast (2011-2015F)
Traditional PET Processing Process
The Polyester Value Chain
Global Polyester Production (2005-2020F)
Global Polyester Production by End Product (2011)
World PET Resin Capacity and Production by Volume: (2005-2011)
World PET Resin Demand: (2008-2015F)
Worldwide PET Resin Production by Category (2011)
Breakdown of Global PET Resin Market by Regions (2011)
Global PET Resin Demand by Industry (2011)
Comparison of Per Capita Consumption of PET by Countries (2011E)
North America PET Supply and Demand Market (2003-2011)
North America PET Market Segmentation by Regions (2011)
The US PET Market Industry (2006-2011)
The US PET Market Share (2011)
The US Custom PET Market Share (2011)
PET Solid-State Resin Consumption in Mexico (2011-2016F)
PET Solid-State Resin Consumption by Category in Mexico (2011 vs 2016F)
Share of Western Europe in Overall European PET Market (2011)
PET Resin market in South Africa (2005-2011)
Growth of PET Recycling in South Africa (2005-2011)
Asian PET Market by Regions (2011)
Share of PET in Overall Indian Polyester Production (2011)
PET Resin Demand in India (2006-07 to 2011-12)
Market segments for PET chips in India (FY12)
India PET Chips (Bottle Grade) Market Shares (2011)
China Capacity Growth in Polyester Staple Fiber (2004-2015F)
China PET Production (2005-2050F)
Global GDP (2004-2011)
Global Beverage Packaging Demand by Volume (2004-2014F)
Energy Required to Produce Packaging for 100 Koz of Soft Drink
Greenhouse Gases Generated To Produce Packaging for 100 Koz of Soft Drink
Aluminium versus PET Prices (2009-Q312)
Share of PET Demand by Regions (2009A vs 2013F)
Share of PET in Total Packaging Industry by Region (2011)
Global MEG: Supply and Demand (2005-2014F)
MEG Price Trend (2009-Q312)
Global PTA: Supply and Demand (2005-2014F)
PTA Price Trend (2009-Q312)
Leading PET Market Players in Europe (2011)
Net Sales of PET Resins Segment of IVL (2008-2011)
Net Sales of Alpek (2009-2011)
Sinopec- Synthetic Resins Production (2007-2011)
Operating Revenues of Chemical Segment- Sinopec (2008-2011)
Global PET Resin Demand Forecast (2011-2015F)
LIST OF TABLES
PET Utilization Rates by Regions (2011)
North America: Utilization Rates by Regions (2011)
Gross Recycling Rate of PET Bottles in North America (2011-2011)
Recycled PET Production Summary in the US (2006-2011)
Total RPET Used by Product Categories in the US (2004-2011)
PET Demand/Supply Trend in Western Europe (2010-2015F)
South Africa: PET Recycling Targets top 2017
Worldwide PET Installed Capacity (2011)
North America PET installed Capacity (2011)
Dependent & Independent Variables (2008-2011)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output
PET Utilization Rates by Regions (2011)
North America: Utilization Rates by Regions (2011)
Gross Recycling Rate of PET Bottles in North America (2011-2011)
Recycled PET Production Summary in the US (2006-2011)
Total RPET Used by Product Categories in the US (2004-2011)
PET Demand/Supply Trend in Western Europe (2010-2015F)
South Africa: PET Recycling Targets top 2017
Worldwide PET Installed Capacity (2011)
North America PET installed Capacity (2011)
Dependent & Independent Variables (2008-2011)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output
