Europe Polyethylene Terephthalate (PET) Market Analysis by Mordor Intelligence
The Europe Polyethylene Terephthalate Market size is estimated at 5.88 Million tons in 2025, and is expected to reach 7.20 Million tons by 2030, at a CAGR of 4.12% during the forecast period (2025-2030). This measured trajectory is anchored in policy-driven demand for food-grade recycled resin, ongoing substitution from glass and metal packaging, and the rapid build-out of deposit return systems that lift collection efficiency. Brand owners continue to lock in long-term rPET contracts to satisfy the EU Single-Use Plastics Directive, while converters with dual-feedstock flexibility exploit widening price spreads between virgin and recycled grades. Cost pressure on domestic producers persists as energy prices remain structurally higher than those in competing export hubs, encouraging further capacity rationalization and reinforcing the importance of integrated recycling capabilities.
Key Report Takeaways
- By source type, Virgin PET accounted for 74.56% of the Europe Polyethylene Terephthalate (PET) market size in 2024, yet Recycled PET is advancing at a 5.87% CAGR over 2025-2030.
- By end-user industry, Packaging dominated with 97.97% revenue share in 2024; Electrical and Electronics is forecast to expand at a 4.64% CAGR to 2030.
- By geography, Rest of Europe commanded 37.51% share of the Europe Polyethylene Terephthalate (PET) market size in 2024, while Russia is the fastest-growing territory at a 4.62% CAGR.
Europe Polyethylene Terephthalate (PET) Market Trends and Insights
Driver Impact Analysis
| Drivers | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Mandatory rPET content in beverage bottles | +1.2% | EU-27, UK, EFTA | Medium term (2-4 years) |
| Deposit return system (DRS) expansion | +0.8% | EU-27; strongest in Nordics and Germany | Short term (≤ 2 years) |
| Shift from glass/metal to lightweight PET bottles | +0.6% | Western and Eastern Europe | Long term (≥ 4 years) |
| Virgin-versus-rPET price divergence | +0.4% | Germany, Netherlands, France | Short term (≤ 2 years) |
| Chemical-recycling scale-up | +0.3% | Germany, Netherlands, Switzerland | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
EU Single-Use Plastics Directive Drives Mandatory rPET Content in Beverage Bottles
The Directive compels beverage producers to reach 25% recycled content by 2025, severing the historic link between rPET pricing and petrochemical cost curves as compliance takes precedence over cost minimization. Brand owners increasingly secure multi-year rPET contracts or vertically integrate collection and recycling assets to derisk supply availability, tightening merchant market volumes and adding sustained upward pressure on recycled polymer premiums[1]European Commission, “Single-Use Plastics,” Environment, europa.eu .
DRS Expansion Lifts PET Collection and Feedstock Availability
Twelve member states already achieve bottle collection rates above 80%, delivering high-purity bale streams that lower reprocessing costs and support rapid scaling of bottle-to-bottle loops. Romania hit 84% and Sweden 87.6% collection in 2024, figures that underpin new mechanical recycling investments in Central and Northern Europe[2]Clean Europe Network, “Spain under pressure to introduce DRS for plastic bottles,” cleaneuropenetwork.eu. Spain’s planned nationwide DRS roll-out is expected to further ease regional feedstock tightness from 2026 onward.
Shift from Glass/Metal to Lightweight PET Bottles in Alcoholic and Dairy Drinks
E-commerce growth and cross-border logistics push spirits and wine brands toward PET formats that cut transport weight by 85%, while dairy processors adopt PET for ambient-shelf-life milk in markets lacking robust cold chains. The cost and carbon savings reinforce PET’s functional advantages, though premium positioning challenges persist in high-end spirits channels.
Price Divergence: Virgin-versus-rPET Spreads Stimulate Converter Substitution
Asian oversupply pushed virgin PET prices down in 2024, while tight rPET supply sustained elevated premiums. Converters equipped for dual blending opportunistically lift recycled content ratios to 40-50% when spreads widen, trimming raw-material costs even beyond regulatory thresholds. However, stringent optical clarity and barrier requirements still cap substitution in certain high-performance applications.
Restraint Impact Analysis
| Restraints | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Low-cost imports from Turkey, Egypt and Vietnam | -0.9% | Germany, Netherlands, Italy | Short term (≤ 2 years) |
| High energy-input costs | -0.7% | Germany, Netherlands, Belgium | Medium term (2-4 years) |
| Anti-plastic activism spurs aluminum substitution | -0.3% | UK, Germany, Nordics | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
High Energy-Input Costs Erode European PET Competitiveness
Natural-gas and electricity prices rose 30-40% post-2024, inflating PET conversion costs and degrading regional operating rates to the 70-75% range. Although temporary relief measures help sustain operations, the structural gap versus Asian benchmarks keeps the investment outlook muted for standalone virgin lines.
Civil-Society Anti-Plastic Campaigns Accelerate Substrate Substitution to Aluminum
Surveys show 77% of UK consumers expect beverage brands to mitigate plastic pollution; activist pressure magnifies reputational risk and motivates brand owners to pilot aluminum formats, especially in premium channels. While PET retains lightweight and barrier advantages, negative sentiment could moderate unit growth in mature Western markets over the long term.
Segment Analysis
By Source Type: Virgin Dominance Under Pressure
Virgin PET represented 74.56% of shipments in 2024, but its share is forecast to fall as mandatory recycled content targets take effect. Recycled PET is the fastest-growing segment at a CAGR of 5.87%. Mechanical flake remains the backbone of supply; chemical depolymerization seeks to unlock mixed-color and contaminated feedstock pools. NGR’s EFSA-approved line in Austria and SIBUR’s 34 kt hybrid operation illustrate emerging models blending internal PET waste streams with externally sourced flake to hedge volatility.
Yet virgin resin remains indispensable for applications demanding pristine IV and superior optics. Energy surcharges and CO₂-pricing schemes may further erode European virgin cost competitiveness, but imported resin could backfill gaps, mitigating absolute volume loss even as rPET penetration rises.
By End-User Industry: Packaging Near Monopoly with Niche Growth Sparks
Packaging held a 97.97% share in 2024 and keeps dictating demand fundamentals. Growth comes from value-added niches: ambient dairy, refillable home-care bottles, and direct-to-consumer wine shipments. Outside packaging, Electrical and Electronics expands at 4.64% CAGR on the back of EV battery insulation and lightweight thermal-management components. Automakers also specify recycled PET for seat fabrics to meet EU 2030 recyclate targets, providing incremental volume for lower-grade flake streams.
Building and construction uses stay opportunistic, focusing on reflective roofing membranes and lightweight insulation. However, volume remains small relative to packaging because large-format boards often favor extruded polystyrene or polyurethane for superior R-values. The European Polyethylene Terephthalate (PET) industry thus remains anchored in bottle and tray applications, though strategic diversification offers margin relief amid beverage market maturity.
Note: Segment shares of all individual segments available upon report purchase
Geography Analysis
The rest of Europe captured 37.51% of the 2024 demand as dispersed consumption in Poland, Czechia, and Romania fueled localized blow-molding hubs supplying national beverage fillers. The Europe Polyethylene Terephthalate (PET) market size in the Rest-of-Europe territories will keep expanding thanks to rising disposable incomes and growing modern-retail penetration. Governments in these markets increasingly co-fund DRS infrastructure, improving rPET feedstock availability and aligning circular economy timelines with Western benchmarks.
Russia is the fastest-growing market at a 4.62% CAGR through 2030. Domestic demand resilience stems from protective trade policies and subsidized energy inputs that buffer producers against global cost swings. SIBUR’s Q2-2025 catalyst plant starts further entrenching vertical integration, though sanctions limit access to Western spare parts and advanced recycling technology, potentially capping rPET penetration until domestic equipment solutions emerge.
The EU-5 (Germany, France, Italy, Spain, UK) represent mature, value-driven markets. Deposit schemes in Germany and the Nordics already surpass 90% collection, enabling high recycled-content bottles that pioneer 100% rPET claims. Italy’s packaging tax and France’s Extended Producer Responsibility fees enhance the cost of non-compliance, nudging converters toward internal recycling investments. In the UK, anti-plastic sentiment drives aluminum trials, yet the logistical benefits of PET maintain a stronghold in multi-pack water and carbonated soft drinks.
Competitive Landscape
Europe hosts a moderately fragmented field. Integrated players combine resin production, preforms, and recycling to mitigate margin compression from cheap imports while guaranteeing downstream offtake. ALPLA’s Romanian hub exemplifies the production-plus-recycling model that shortens logistics and meets customer proximity demands. Strategic moves concentrate on bolt-on acquisitions and capacity expansions in recycling. SGT Group’s purchase of Axium Packaging widens its footprint in blow-molding, adding captive demand for its rPET preforms. Start-ups focusing solely on chemical recycling face funding headwinds after several insolvencies, directing investment toward hybrid mechanical-chemical concepts within existing PET clusters.
Europe Polyethylene Terephthalate (PET) Industry Leaders
-
Alpek S.A.B. de C.V.
-
Equipolymers
-
Indorama Ventures Public Company Limited
-
NEO GROUP, UAB
-
SIBUR Holding PJSC
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- May 2025: The European Commission initiated an anti-dumping probe into PET imports from Vietnam in response to EU industry complaints regarding injurious under-pricing.
- January 2024: Bormioli Pharma and Loop Industries debuted a pharmaceutical bottle made from 100% Loop PET, illustrating Infinite Loop technology’s capacity to upcycle low-grade waste into food- and pharma-contact resin.
Free With This Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.
List of Tables & Figures
- Figure 1:
- PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, EUROPE, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, EUROPE, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, EUROPE, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, EUROPE, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, EUROPE, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 8:
- EUROPE POLYETHYLENE TEREPHTHALATE (PET) MARKET, PRICE TRENDS, BY COUNTRY, USD PER KG, 2017-2021
- Figure 9:
- REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) BY FORM TYPE, USD, EUROPE, 2017, 2023, AND 2029
- Figure 10:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 11:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 12:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 13:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 14:
- VOLUME SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 15:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 16:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 17:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 18:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
- Figure 19:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 20:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 21:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
- Figure 22:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 23:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 24:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
- Figure 25:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 26:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 27:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
- Figure 28:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 29:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 30:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
- Figure 31:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 32:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 33:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, EUROPE, 2022 VS 2029
- Figure 34:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, TONS, EUROPE, 2017 - 2029
- Figure 35:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2029
- Figure 36:
- VOLUME SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 37:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 38:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, FRANCE, 2017 - 2029
- Figure 39:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, FRANCE, 2017 - 2029
- Figure 40:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, FRANCE, 2022 VS 2029
- Figure 41:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, GERMANY, 2017 - 2029
- Figure 42:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, GERMANY, 2017 - 2029
- Figure 43:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, GERMANY, 2022 VS 2029
- Figure 44:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, ITALY, 2017 - 2029
- Figure 45:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, ITALY, 2017 - 2029
- Figure 46:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, ITALY, 2022 VS 2029
- Figure 47:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, RUSSIA, 2017 - 2029
- Figure 48:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, RUSSIA, 2017 - 2029
- Figure 49:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2022 VS 2029
- Figure 50:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, UNITED KINGDOM, 2017 - 2029
- Figure 51:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, UNITED KINGDOM, 2017 - 2029
- Figure 52:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2022 VS 2029
- Figure 53:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, REST OF EUROPE, 2017 - 2029
- Figure 54:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, REST OF EUROPE, 2017 - 2029
- Figure 55:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2022 VS 2029
- Figure 56:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, EUROPE, 2019 - 2021
- Figure 57:
- MOST ADOPTED STRATEGIES, COUNT, EUROPE, 2019 - 2021
- Figure 58:
- PRODUCTION CAPACITY SHARE OF POLYETHYLENE TEREPHTHALATE (PET) BY MAJOR PLAYERS, %, EUROPE, 2022
Europe Polyethylene Terephthalate (PET) Market Report Scope
Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. France, Germany, Italy, Russia, United Kingdom are covered as segments by Country.| Virgin PET |
| Recycled PET (rPET) |
| Packaging |
| Automotive |
| Building and Construction |
| Electrical and Electronics |
| Industrial and Machinery |
| Other End-user Industries |
| France |
| Germany |
| Italy |
| Russia |
| United Kingdom |
| Rest of Europe |
| By Source Type | Virgin PET |
| Recycled PET (rPET) | |
| By End-User Industry | Packaging |
| Automotive | |
| Building and Construction | |
| Electrical and Electronics | |
| Industrial and Machinery | |
| Other End-user Industries | |
| By Geography | France |
| Germany | |
| Italy | |
| Russia | |
| United Kingdom | |
| Rest of Europe |
Market Definition
- End-user Industry - Building & Construction, Packaging, Automotive, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polyethylene terephthalate market.
- Resin - Under the scope of the study, virgin polyethylene terephthalate resin in primary forms such as liquid, powder, pellet, etc. are considered.
| Keyword | Definition |
|---|---|
| Acetal | This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Cast film | A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion. |
| Colorants & Pigments | Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix. |
| Composite material | A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements. |
| Degree of Polymerization (DP) | The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands. |
| Dispersion | To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion. |
| Fiberglass | Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass. |
| Fiber-reinforced polymer (FRP) | Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt. |
| Flake | This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics. |
| Fluoropolymers | This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc. |
| Kevlar | Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid. |
| Laminate | A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width. |
| Nylon | They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids. |
| PET preform | A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container. |
| Plastic compounding | Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers. |
| Plastic pellets | Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic. |
| Polymerization | It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds. |
| Styrene Copolymers | A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate. |
| Thermoplastics | Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties. |
| Virgin Plastic | It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms