Polyethylene Terephthalate Market was valued at US

1. Global Polyethylene Terephthalate Market was valued at US$ 25.3 Bn in 2019 and expe cted to reach US$ 43.7 Bn by 2026, at a CAGR of 7.01% during the forecast period. The report includes the analysis of the impact of COVID-19 lockdown on the revenue of mar ket leaders, followers, and disruptors. Since the lockdown was implemented differently in va rious regions and countries; the impact of the same is also seen differently by regions and s egments. The report has covered the current short-term and long-term impact on the market , and it would help the decision-makers to prepare the outline and strategies for companies b y region. To know about the Research Methodology :- Request Free Sample Report Polyethylene terephthalate (PET) is the most common thermoplastic polymer resin of the po lyester family and is used in fibers for clothing, containers for liquids and foods, thermoformi ng for manufacturing, and in combination with glass fiber for engineering resins. Polymer chin breakdowns easily at a low temperature, so it recycles friendly. Polyethylene t erephthalate plastic has become the world’s choice in the packaging sector. It is widely used for the packaging of many food and beverage items as it is hygienic, strong, and lightweight. It retains the freshness of the products and does not shatter. The majority of the world's poly ethylene terephthalate production is for synthetic fibers (up to 60%), with bottle production a ccounting for about 30% of global demand. The packaging segment offers maximum market potential in the polyethylene terephthalate market, owing to the increase in demand for Polyethylene terephthalate materials for efficien t and environment-friendly packaging alternatives globally. It also offers a rise in demand for packaged & processed food. Furthermore, an increase in the leaning of consumers toward e fficient & easily recyclable beverage containers and growth in usage as an eco-friendly subs

2. titute further boost the growth of this segment. The use of polyethylene terephthalate in elec trical & electronics has also witnessed major developments, owing to constant growth in per -capita disposable income and rise in demand for lightweight materials. Asia Pacific holds a major share of the polyethylene terephthalate market and is expected to be a dominant market with an encouraging CAGR during the forecast period. Asia-Pacific ac counted for more than 35% share of the total revenue in 2017, followed by Europe and Nort h America. North America is a dominant region in the market of polyethylene terephthalate. Owing the d eveloped automobile and electronics industries are significantly driving the market growth. T he European market is also a lucrative market mainly driven by the developed electrical & el ectronics, and automobile sector. The key market players operating in the global polyethylene terephthalate market are RTP C ompany, BASF, DuPont, DSM, M&G Group, Indorama Ventures, PET Processors LLC., Lan xess Corporation, Nan Ya Plastics, Lyondell Basell Industries N.V., Toray Industries, Jiangs u Sanfangxiang Group, Far Eastern New Century, Quadrant AG, Tray-Pak Corporation, Ver deco Recycling Inc., Eastman Chemical Company, lpek S.A.B de C.V., Reliance Industries L td., and Dhunseri Petrochem Ltd. The report covers the total market for polyethylene terephthalate market has been analyzed based on the Porter's five forces model. The impact of the different market factors, such as d rivers, restraints, and opportunities, challenges key issues SWOT analysis, and technology f orecasting is also illustrated in the report. This gives an idea about the key drivers, such as h igh growth and demand in emerging economies countries. Scope of the Global Polyethylene Terephthalate Marke t: Inquire before buying Global Polyethylene Terephthalate Market, by Applicat ion • Packaging • Electrical & Electronics • Automotive • Construction • Others Global Polyethylene Terephthalate Market, by Region • North America

3. • Europe • Asia-Pacific • Middle East & Africa • South America Key Players Operating in the Global Polyethylene Tere phthalate Market: • RTP Company • BASF • DuPont • DSM • M&G Group • Indorama Ventures • PET Processors LLC. • Lanxess Corporation • Nan Ya Plastics • Lyondell Basell Industries N.V. • Toray Industries • Jiangsu Sanfangxiang Group • Far Eastern New Century • Quadrant AG, Tray-Pak Corporation, • Verdeco Recycling Inc. • Eastman Chemical Company • lpek S.A.B de C.V. • Reliance Industries Ltd. • Dhunseri Petrochem Ltd. report This submitted by Maximize market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Lumawant Godage Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.

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