Market Overview:
Polyethylene terephthalate are widely
used in the end-use industries such as automobile, food & beverage,
electrical & electronics, and others. The global polyethylene terephthalate
market is spanned across five regions of the world namely North America Latin
America, Europe, and the Middle East & Africa and Asia Pacific. Among these, Asia Pacific holds a major share
of the global market and is projected to continue leading, owing to the growing
demand from the food & beverage, automobile and electronic industry. The
major countries attributing to this growth are India and China. The developing
retail sector coupled with the growing working population has augmented the
demand for on the go food and beverages which is a major factor positively
effecting the market growth.
North America is another dominant
region which is mainly driven by the developed end-use industries. The growing
export of food and beverages from the region has further fuelled the need for
polyethylene terephthalate in packaging due to its high tensile strength and
lightweight. Moreover, the growing adoption of PET in the automobile sector
owing to its light weight and fuel efficiency is also expected to boost the
market growth in this region. The U.S. and Canada are important countries attributing
to this growth.
European market of polyethylene terephthalate market
is set to grow at a steady pace during the forecast period. The presence of the
developed electronic and automobile are the major factor driving the market
growth. Furthermore, the growing working population has augmented the demand
for on the food and beverage products in turn adding to the market growth. In
addition to this, the ever-increasing health consciousness about the foodborne
diseases has resulted in the high adoption of polyethylene terephthalate in the
food and beverage industry of the region.
@Get a Free Sample Report on Polyethylene
Terephthalate Industry Market https://www.marketresearchfuture.com/sample_request/5521
Segmentation:
The global polyethylene terephthalate
market on the basis of product types and application. On the basis of product
types, the market is segmented as carbonated soft drinks, energy drinks,
bottled water sheets & films, food and non-food and others. On the basis of
application industry, the global polyethylene terephthalate market is segregated
into food & beverages, electronics, automotive, and others.
Get More Professional and Technical Industry Insights @ https://www.marketresearchfuture.com/reports/polyethylene-terephthalate-market-5521
Competitive Analysis
Some of the prominent players
operating in the Global polyethylene terephthalate market are Alpek S.A.B de
C.V (Mexico), RTP company (U.S.), BASF SE (Germany), The Dow Chemicals Company
(U.S.), Jiangsu Sanfangxiang Group (China), Indorama Ventures Public Company
Limited (Thailand), M&G Chemicals (Italy), NAN YA PLASTICS CORPORATION
(Taiwan), Far Eastern New Century Corporation (Taiwan), and The Quadrant group
of companies (Switzerland).
NOTE: Our Team of Researchers is
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
About
Market Research Future:
At Market Research Future
(MRFR), we enable our customers to unravel the complexity of various
industries through our Cooked Research Report (CRR), Half-Cooked Research
Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and
Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market
research and intelligence services to our clients. Our market research studies
by products, services, technologies, applications, end users, and market
players for global, regional, and country level market segments, enable our
clients to see more, know more, and do more, which help to answer all their
most important questions.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
No comments:
Post a Comment