Polyethylene Terephthalate Market by Downstream Products and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR44928
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The polyethylene terephthalate market share is expected to increase by USD 15.09 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.98%.

This polyethylene terephthalate market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers polyethylene terephthalate market segmentation by downstream products (fibers, resins, and others) and geography (APAC, North America, Europe, South America, and MEA). The polyethylene terephthalate market report also offers information on several market vendors, including Alpek SAB de CV, DuPont de Nemours Inc., Far Eastern New Century Corp., Indorama Ventures Public Co. Ltd., Koninklijke DSM NV, LANXESS AG, Mitsubishi Chemical Holdings Corp., NEO GROUP UAB, Saudi Basic Industries Corp., and Toray Industries Inc. among others.

What will the Polyethylene Terephthalate Market Size be During the Forecast Period?

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Polyethylene Terephthalate Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increase in consumption of packaging materials is notably driving the polyethylene terephthalate market growth, although factors such as volatility in crude oil prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the polyethylene terephthalate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Polyethylene Terephthalate Market Driver

One of the key factors driving growth in the polyethylene terephthalate market is the increase in the consumption of packaging materials. With the rise in disposable incomes, consumers are ready to explore different options of packaging. Owing to the increase in female literacy rate and the rise in the cost of livelihood, the number of working women is increasing in developing countries like India and China. This, in turn, has led to a change in lifestyles. Women have become independent, career-oriented, and ambitious. Work pressure and time constraint are resulting in increased use of packaged food. Thus, there is an increase in the demand for and consumption of packaging materials, which, in turn, results in the growth of the PET market.

Key Polyethylene Terephthalate Market Challenge

The volatility in crude oil prices will be a major challenge for the polyethylene terephthalate market during the forecast period. The price of raw materials, such as polymers and resins, has been fluctuating since 2015. Moreover, PET is a petroleum and natural gas derivative. Therefore, the prices of PET vary in tandem with the prices of natural gas and crude oil. In recent years, the decline in oil prices has compelled players operating in the oil and gas industry to implement cost-cutting measures such as workforce layoffs. Supply and demand are directly affected by the volatility in crude oil prices because of the fluctuating exchange rates, imports and exports, and reduction in production capacity. Thus, the price of PET is directly affected by natural gas and crude oil prices.

This polyethylene terephthalate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Polyethylene Terephthalate Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alpek SAB de CV
  • DuPont de Nemours Inc.
  • Far Eastern New Century Corp.
  • Indorama Ventures Public Co. Ltd.
  • Koninklijke DSM NV
  • LANXESS AG
  • Mitsubishi Chemical Holdings Corp.
  • NEO GROUP UAB
  • Saudi Basic Industries Corp.
  • Toray Industries Inc.

 

This statistical study of the polyethylene terephthalate market encompasses successful business strategies deployed by the key vendors. The polyethylene terephthalate market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The polyethylene terephthalate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Polyethylene Terephthalate Market?

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49% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for polyethylene terephthalate in APAC. Market growth in this region will be faster than the growth of the market in the European and North American regions.

The growing alcoholic and CSD beverage consumption in India and China will facilitate the polyethylene terephthalate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Downstream Products Segments in the Polyethylene Terephthalate Market?

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The polyethylene terephthalate market share growth by the fibers segment will be significant during the forecast period. The overall growth of the segment will be maintained by the continued replacement of natural fibers by less costly and better performing man-made alternatives in many market applications. The global manufactured fiber market will also benefit from a generally sound macroeconomic outlook. Increases in industrial activity will promote gains in technical yarns and fabrics (e.g., tire cord, airbags, and geotextiles), while the rising level of personal income in both developed and developing countries will endorse the demand for textile fibers used in household and apparel items such as furnishings, bed sheets, towels, blankets, and quilts, as well as floor coverings.

This report provides an accurate prediction of the contribution of all the segments to the growth of the polyethylene terephthalate market size and actionable market insights on post COVID-19 impact on each segment.

 

Polyethylene Terephthalate Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.98%

Market growth 2021-2025

$ 15.09 billion

Market structure

Fragmented

YoY growth (%)

5.99

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 49%

Key consumer countries

US, China, Japan, Germany, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alpek SAB de CV, DuPont de Nemours Inc., Far Eastern New Century Corp., Indorama Ventures Public Co. Ltd., Koninklijke DSM NV, LANXESS AG, Mitsubishi Chemical Holdings Corp., NEO GROUP UAB, Saudi Basic Industries Corp., and Toray Industries Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Polyethylene Terephthalate Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive polyethylene terephthalate market growth during the next five years
  • Precise estimation of the polyethylene terephthalate market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the polyethylene terephthalate industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of polyethylene terephthalate market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Downstream products

    • Market segments
    • Comparison by Downstream products
    • Fibers - Market size and forecast 2020-2025
    • Resins - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Downstream products

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Alpek SAB de CV
      • DuPont de Nemours Inc.
      • Far Eastern New Century Corp.
      • Indorama Ventures Public Co. Ltd.
      • Koninklijke DSM NV
      • LANXESS AG
      • Mitsubishi Chemical Holdings Corp.
      • NEO GROUP UAB
      • Saudi Basic Industries Corp.
      • Toray Industries Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The polyethylene terephthalate market growth will increase by $15.09 billion during 2020-2025.
      The polyethylene terephthalate market is expected to grow at a CAGR of 6.98% during 2020-2025.
      Technavio has segmented the polyethylene terephthalate market by other1 (Fibers, Resins, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
      Alpek SAB de CV, DuPont de Nemours Inc., Far Eastern New Century Corp., Indorama Ventures Public Co. Ltd., Koninklijke DSM NV, LANXESS AG, Mitsubishi Chemical Holdings Corp., NEO GROUP UAB, Saudi Basic Industries Corp., Toray Industries Inc. are a few of the key vendors in the polyethylene terephthalate market.
      APAC will register the highest growth rate of 48.97% among the other regions. Therefore, the polyethylene terephthalate market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the polyethylene terephthalate market growth are:
      • Increase in consumption of packaging materials
      The polyethylene terephthalate market vendors should focus on grabbing business opportunities from the fibers segment as it accounted for the largest market share in the base year.
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