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Polyethylene Terephthalate Compounding Market – Key Financial Metrics and Competitive Analysis 2018

Rising polymer demand in end-use industries such as packaging, automotive, electrical & electronics and constructions is expected to remain a key driving force for PET compounding market growth. The Global Polyethylene Terephthalate (PET) Compounding Market is expected to reach USD 7.82 billion by 2024, according to a new report by Grand View Research, Inc.


Strong demand for PET bottles coupled with growing packaged food & beverage industry in emerging economies of Asia Pacific and Latin America such as China, India, Mexico, and Brazil are anticipated to fuel industry growth significantly.

Regulatory agencies to reduce Green House Gas (GHG) emissions by means of vehicular weight reduction and fuel efficiency improvements have formulated policies and guidelines. Automotive manufacturers & OEMs in order to meet these regulations have adopted plastics as a replacement for metals such as aluminum and steel.

Packaging accounted for over 55% of overall market volume in 2015. Growth in packaging industry can be attributed to the suitability of PET compounds to meet customer requirements with more durable, lightweight and corrosion-resistant parts.

Increasing substitution for glass, metals, wood, natural rubber and man-made materials by PET is driving the global market. Developing recycling processes that utilize lesser input in terms of fluids, energy, and machinery is crucial for production improvisation.

Government regulations restricting petrochemical derived polymers consumption in applications such as food packaging, and medical devices are expected to further boost bio-based PET production. China accounted for nearly half of the Asia Pacific compounding volume in 2015. The country is characterized by high demand for PET compounds in packaging & electronic applications

To Know More About Polyethylene Terephthalate Compounding Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/polyethylene-terephthalate-pet-compounding-market

Top Players of Polyethylene Terephthalate (PET) Compounding Market:

Key industry participants in the market include Dow Chemical Company, RTP Company, SABIC, LyondellBasell, BASF SE, DuPont, SRF Plastics, A. Schulman, Polyvisions, Covestro, Washington Penn Plastics and PET Processors LLC.

Market Segmentation of Polyethylene Terephthalate (PET) Compounding Market:

The Global Polyethylene Terephthalate Compounding Market segmented on the basis of Application and Region.

By Application:

    Packaging
    Electrical & Electronics
    Industrial Machinery
    Automotive
    Construction
    Material Handling

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    Middle East & Africa

Inquire about Polyethylene Terephthalate Compounding Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3072
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