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The market size of Polyethylene Terephthalate (PET) was USD 39.20 billion in 2022 and is projected to reach USD 60.15 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2023 to 2030.
Polyethylene Terephthalate (PET) Market Report is a versatile and widely used polymer that finds applications in various industries. Its market has witnessed significant growth in recent years and is expected to continue its upward trajectory in the coming years.
The increasing demand for PET can be attributed to its unique properties, such as high strength, durability, and excellent resistance to moisture and chemicals. These characteristics make it an ideal choice for packaging materials, particularly in the food and beverage industry.
Furthermore, the growing awareness regarding environmental sustainability has also contributed to the rising demand for PET. It is a recyclable material, which makes it an environmentally friendly option compared to other packaging materials. This factor has led to a surge in PET usage, as companies strive to adopt more sustainable practices.
In addition to the packaging industry, PET also finds applications in the textile, automotive, and electronics sectors. The textile industry, in particular, has witnessed a significant increase in the use of PET fibers due to their cost-effectiveness and superior performance.
Geographically, the Asia-Pacific region dominates the PET market, accounting for the largest share in terms of both production and consumption. The region's rapid industrialization, coupled with the growing population and urbanization, has fueled the demand for PET in various end-use industries.
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Market Segmentation:
By Type
By Application
By End-User
Key players:
Indorama Ventures Public Co Ltd, SABIC, Far Eastern New Century Corporation, LyondellBasell Industries Holdings B.V., LOTTE Chemical CORPORATION, BASF SE, LANXESS, DuPont, NAN YA PLASTICS CORPORATION, Eastman Chemical Company, and other key players mentioned in the final report.
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Polyethylene Terephthalate (PET) Market Report By Type
9.Emulsion Polyethylene Terephthalate (PET) Market Report By End Use
10.Emulsion Polyethylene Terephthalate (PET) Market Report By Application
11.Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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