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Polyethylene Terephthalate Global Market Report 2020

Region:Global

Author(s):

Product Code:7313

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Published on

February 2020

Total pages

200

Table of Content

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About the Report

About the Report

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 monoethylene glycol (MEG) and purified terephthalic acid (PTA) and are known for their excellent combination of mechanical, thermal, chemical and dimensional stability.
 
The global polyethylene terephthalate market was worth USD 43.81 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 11% and reach USD 68.33 billion by 2023.
 
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).
 
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. For instance, in 2017, according to 'Plastics Insight', China dominated the global polyethylene terephthalate production and accounted for 30.8% of the total production, which was 30.3 million tons and included bottled drinks sector and films and sheets. 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. Additionally, in June 2018, Indian government announced that the country would end single-use plastics by 2022, as it can take 1000 years to decompose. In 2017, according to an article published by the 'Hindustan Times', India recycled 90% of its polyethylene terephthalate waste. According to another study by scientists from the Council of Scientific and Industrial Research (CSIR) and National Chemical Laboratory (NCL) states in 2017, of the 900 kilo tonnes of polyethylene terephthalate produced annually in India are recycled. In registered facilities, 65% of polyethylene terephthalate are recycled, in the unorganized sector, 15% of polyethylene terephthalate are recycled and in households 10% are reused. Imposing strict regulations on manufacturing and recycling plastic products has a negative impact on polyethylene terephthalate market.
 
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 March 2018, Plastiche SA, a Belgium-based specialty chemical products company, controlled by Roussis family holdings acquired Bamberger Polymers Corp. for an undisclosed amount. The acquisition helped Plastiche SA in expanding Roussis family holdings in the plastics manufacturing industry, in which they are already involved. Bamberger Polymers Corp. is a USA-based plastics manufacturing company and specializes in products such as polyethylene terephthalate.
 
Major players in the 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), Sinopec Group.

Products

Products

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

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

Table of Contents

Table of Contents

1. Executive Summary

2. Polyethylene Terephthalate Market Characteristics

3. Polyethylene Terephthalate Market Size And Growth

3.1. Global Polyethylene Terephthalate Historic Market, 2015-2019, USD Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Polyethylene Terephthalate Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Polyethylene Terephthalate Market Segmentation

4.1. Global Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Virgin

Recycle

4.2. Global Polyethylene Terephthalate Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Packaging

Electrical & Electronics

Automotive

Construction

Others (Material Handling and Strapping)

4.3. Global Polyethylene Terephthalate Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Beverages

Sheets & Films

Consumer Goods

Food Packaging

Others (Cosmetic Bottles and Household Products)

5. Polyethylene Terephthalate Market Regional And Country Analysis

5.1. Global Polyethylene Terephthalate Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

5.2. Global Polyethylene Terephthalate Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

6. Asia-Pacific Polyethylene Terephthalate Market

6.1. Asia-Pacific Polyethylene Terephthalate Market Overview

6.2. Asia-Pacific Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

7. China Polyethylene Terephthalate Market

7.1. China Polyethylene Terephthalate Market Overview

7.2. China Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion

8. India Polyethylene Terephthalate Market

8.1. India Polyethylene Terephthalate Market Overview

8.2. India Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

9. Japan Polyethylene Terephthalate Market

9.1. Japan Polyethylene Terephthalate Market Overview

9.2. Japan Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

10. Australia Polyethylene Terephthalate Market

10.1. Australia Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

11. Indonesia Polyethylene Terephthalate Market

11.1. Indonesia Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

12. South Korea Polyethylene Terephthalate Market

12.1. South Korea Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

13. Western Europe Polyethylene Terephthalate Market

13.1. Western Europe Polyethylene Terephthalate Market Overview

13.2. Western Europe Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

14. UK Polyethylene Terephthalate Market

14.1. UK Polyethylene Terephthalate Market Overview

14.2. UK Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

15. Germany Polyethylene Terephthalate Market

15.1. Germany Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

16. France Polyethylene Terephthalate Market

16.3. France Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

17. Eastern Europe Polyethylene Terephthalate Market

17.1. Eastern Europe Polyethylene Terephthalate Market Overview

17.2. Eastern Europe Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

18. Russia Polyethylene Terephthalate Market

18.1. Russia Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

19. North America Polyethylene Terephthalate Market

19.1. North America Polyethylene Terephthalate Market Overview

19.2. North America Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

20. USA Polyethylene Terephthalate Market

20.1. USA Polyethylene Terephthalate Market Overview

20.2. USA Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

21. South America Polyethylene Terephthalate Market

21.1. South America Polyethylene Terephthalate Market Overview

21.2. South America Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

22. Brazil Polyethylene Terephthalate Market

22.1. Brazil Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

23. Middle East Polyethylene Terephthalate Market

23.1. Middle East Polyethylene Terephthalate Market Overview

23.2. Middle East Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

24. Africa Polyethylene Terephthalate Market

24.1. Africa Polyethylene Terephthalate Market Overview

24.2. Africa Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

25. Polyethylene Terephthalate Market Competitive Landscape And Company Profiles

25.1. Polyethylene Terephthalate Market Competitive Landscape

25.2. Polyethylene Terephthalate Market Company Profiles

25.2.1. Far Eastern New Century Corporation

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. Hengli Group Co. Ltd

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Indorama Ventures Public Company Limited

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. JBF Industries Ltd

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Jiangsu Sanfangxiang Group

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Polyethylene Terephthalate Market

27. Polyethylene Terephthalate Market Trends And Strategies

28. Polyethylene Terephthalate Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

 


List of Figure

Figure 1: Global Historic Market Growth, 2015-2019, USD Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 3: Global Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 4: Global Polyethylene Terephthalate Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 5: Global Polyethylene Terephthalate Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 6: Global Polyethylene Terephthalate Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 7: Global Polyethylene Terephthalate Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 8: Asia-Pacific, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 9: China, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 10: India, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 11: Japan, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 12: Australia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 13: Indonesia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 14: South Korea, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 15: Western Europe, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 16: UK, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 17: Germany, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 18: France, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 19: Eastern Europe, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 20: Russia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 21: North America, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 22: USA, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 23: South America, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 24: Brazil, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 25: Middle East, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 26: Africa, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Figure 27: Far Eastern New Century Corporation Financial Performance

Figure 28: Hengli Group Co. Ltd Financial Performance

Figure 29: Indorama Ventures Public Company Limited Financial Performance

Figure 30: JBF Industries Ltd Financial Performance

Figure 31: Jiangsu Sanfangxiang Group Financial Performance


List of Table

Table 1: Global Historic Market Growth, 2015-2019, USD Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 3: Global Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 4: Global Polyethylene Terephthalate Market, Segmentation By End-Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 5: Global Polyethylene Terephthalate Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 6: Global Polyethylene Terephthalate Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 7: Global Polyethylene Terephthalate Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 8: Asia-Pacific, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 9: China, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 10: India, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 11: Japan, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 12: Australia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 13: Indonesia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 14: South Korea, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 15: Western Europe, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 16: UK, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 17: Germany, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 18: France, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 19: Eastern Europe, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 20: Russia, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 21: North America, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 22: USA, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 23: South America, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 24: Brazil, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 25: Middle East, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 26: Africa, Polyethylene Terephthalate Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion

Table 27: Far Eastern New Century Corporation Financial Performance

Table 28: Hengli Group Co. Ltd Financial Performance

Table 29: Indorama Ventures Public Company Limited Financial Performance

Table 30: JBF Industries Ltd Financial Performance

Table 31: Jiangsu Sanfangxiang Group Financial Performance

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