The global polyethylene terephthalate (PET) market is anticipated to grow at a considerable CAGR of 4.2% during the forecast period (2023–2030). PET is a non-toxic, lightweight, safe, and flexible polymer that can be easily recycled and reused. It can be treated three to four times before its chemical qualities deteriorate. Due to these properties, PET is an ideal choice for a wide range of sectors, including food and beverage, automotive, electronics, and textiles. In the automotive sector, PET is used in carpets, boot linings, sound insulation, and seat covers. Glass fiber is frequently used to strengthen PET modified with polyolefins. They are utilized in automotive and industrial injection molding. The combination of thermosets and PET has thermal, mechanical, impact resistance, and flame retardancy properties, which are used in the manufacture of automotive, aerospace, and electronic components. Hence, the growth of the automotive sector is significantly contributing to the market’s growth as well.
Browse the full report description of “Polyethylene Terephthalate (PET) Market Size, Share & Trends Analysis Report by Application (Sheets and Films, Consumer Goods, Food and Beverage Packaging, and Others), End-Use Industry (Electrical and Electronics, Packaging, Automotive, Construction, and Others) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/polyethylene-terephthalate-pet-market
Companies are also introducing new PET solutions and products to further the market's growth. For instance, in April 2022, Sidel, a leader in complete packaging solutions, services, and equipment providers, launched the PressureSAFE, an innovative PET aerosol container design. PressureSAFE, which is designed for use with items such as perfumes and deodorants, provides home and personal care firms with a more cost-effective alternative to the standard metal aerosol container.
Market Coverage
• The Market Number Available for – 2022-2030
o Base year- 2022
o Forecast period- 2023-2030
• Segment Covered-
o By Application
o By End-Use Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape-Alpek S.A.B. de C.V., DuPont, Far Eastern New Century, Indorama Ventures, Jiangsu Sanfangxiang Group, Lanxess, M&G Chemicals, Nan Ya Plastics Corporation, PET Processors LLC, and others.
Key questions addressed in the report
• What is the market growth rate?
• Which segment and region dominated the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected regions and segments
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Polyethylene Terephthalate (PET) Market Report Segment
By Application
By End-Use Industry
Global Polyethylene Terephthalate (PET) Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/polyethylene-terephthalate-pet-market