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Amorphous Polyethylene Terephthalate Market by Application, End-use Industry, Region - Global Forecast to 2022

Amorphous Polyethylene Terephthalate Market by Application, End-use Industry, Region - Global Forecast to 2022

  • October 2017
  • 146 pages
  • ID: 5169959
  • Format: PDF
  • By MarketsandMarkets

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“The amorphous polyethylene terephthalate (APET) market is estimated to be USD 28.86 billion in 2017 and is projected to reach USD 40.85 billion by 2022, at a CAGR of 7.2% during the forecast period from 2017 to 2022.”
The amorphous polyethylene terephthalate (APET) market is estimated to be USD 28.86 billion in 2017 and is projected to reach USD 40.85 billion by 2022, at a CAGR of 7.2% during the forecast period. Amorphous polyethylene terephthalate offers superior physical properties such as high strength and stiffness, clear appearance, lightweight, low flavor absorption, and favorable creep characteristics, along with low prices. As such, it is widely used in various industries for packaging applications. The increasing purchasing power of consumers, changing lifestyle and food habits of masses, and growing demand for ready-to-eat and packaged food items across the globe are major factors fueling the growth of the amorphous polyethylene terephthalate (APET) market. The growth of the food & beverages industry across the globe is also anticipated to drive the demand for amorphous polyethylene terephthalate (APET) packaging materials in the coming years.

“Among applications, the bottles segment is projected to lead the amorphous polyethylene terephthalate (APET) market in terms of value from 2017 to 2022.”
Amorphous polyethylene terephthalate is widely used for making bottles that are used for packaging beverages, pharmaceuticals, and personal care products. The increased use of amorphous polyethylene terephthalate to manufacture bottles can be attributed to high malleability and inert nature of amorphous polyethylene terephthalate. Moreover, bottles made from amorphous polyethylene terephthalate are lightweight, clear, and tough. The growing consumption of carbonated soft drinks (CSD), packaged mineral water, ready-to-drink tea and coffee, packaged dairy products, and soft drinks across the globe is expected to drive the growth of the bottles application segment of the amorphous polyethylene terephthalate (APET) market during the forecast period.

“In terms of value, the food & beverages end-use industry segment is expected to lead the amorphous polyethylene terephthalate (APET) market in 2017.”
The food & beverages end-use industry segment is expected to lead the amorphous polyethylene terephthalate (APET) market in terms of value in 2017. In the food & beverages end-use industry, bottles, containers, trays, lids, and cups manufactured from the amorphous polyethylene terephthalate are used for packaging applications. The food & beverages industry across the globe is undergoing transformation due to opening of new food retail chains, improving global economic conditions, rising disposable income of consumers, and growing demand for ready-to-eat food items. The growth of the food & beverages industry is anticipated to drive the demand for amorphous polyethylene terephthalate in the coming years.

“The Asia Pacific region is projected to lead the amorphous polyethylene terephthalate (APET) market during the forecast period in terms of value.”

In terms of value, the Asia Pacific region is projected to lead the amorphous polyethylene terephthalate (APET) market from 2017 to 2022. The growth of the Asia Pacific amorphous polyethylene terephthalate (APET) market is mainly driven by the high growth rate of the economy of the region and different food habits of people across different countries of the Asia Pacific region. In addition, the growing population of the Asia Pacific region presents a huge customer base for fast-moving consumer goods (FMCG) and packaged food & beverages, which, in turn, is expected to lead to the growth of the Asia Pacific amorphous polyethylene terephthalate (APET) market during the forecast period.

Break-up of profiles of primary participants for the report:
• By Company Type: Tier 1 – 33%, Tier 2 – 25%, Tier 3 – 25%, and Others – 17%
• By Designation: C Level – 51%, D Level – 28%, and Others – 21%
• By Region: Asia Pacific – 40%, North America – 27%, Europe – 20%, Middle East & Africa- 6%, and South America – 7%

Furthermore, as part of the qualitative analysis, the research study provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing the growth of the amorphous polyethylene terephthalate (APET) market. It also discusses competitive strategies adopted by various market players such as Reliance Industries Limited (India), Indorama Ventures Public Company Limited (Thailand), Covestro AG (Germany), Far Eastern New Century Corporation (Taiwan), M&G Chemicals (Luxembourg), Jiangsu Sanfangxiang Group Co., Ltd. (China), JBF Industries Ltd. (India), Nan Ya Plastics Corporation (Taiwan), Polisan Holding (Turkey), DAK Americas (Mexico), INVISTA (US), Sinopec Yizheng Chemical Fibre Company Limited (China), PlastiVerd (Spain), Quadrant AG (Switzerland), Teijin Limited (China), NOVAPET S.A. (Spain), OCTAL (Oman), UAB NEO GROUP (Lithuania), Shahid Tondgooyan Petrochemical Company (Iran), China Resources Packaging Materials Co., Ltd. (China), MPI Polyester Industries (Malaysia), Lotte Chemicals (South Korea), Petro Polymer Shargh (Iran), Equipolymers (Germany), and Dhunseri Petrochem Limited (India).

Research Coverage:
The report defines, segments, and projects the amorphous polyethylene terephthalate (APET) market based on application, end-use industry, and region. It strategically profiles the key players, and comprehensively analyzes their market shares and core competencies as well as tracks and analyzes competitive developments such as partnerships, contracts, joint ventures, mergers & acquisitions, expansions, new product launches, and R&D activities undertaken by them.

Reasons to Buy the Report:
This report is expected to help leaders/new entrants in the amorphous polyethylene terephthalate (APET) market by providing them the closest approximations of the size of the amorphous polyethylene terephthalate (APET) market and its subsegments. This report is also expected to help stakeholders to obtain an improved understanding of the competitive landscape of the market. It provides them insights for improving the position of their businesses and enables them to make suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market, and provide information on key market drivers, restraints, challenges, and opportunities.

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