Middle East Polyethylene Terephthalate (PET) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Middle East Polyethylene Terephthalate (PET) Market is segmented by End User Industry (Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging) and by Country (Saudi Arabia, United Arab Emirates). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

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Middle East Polyethylene Terephthalate (PET) Market Size

Middle East Polyethylene Terephthalate (PET) Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 1.67 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 2.36 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Packaging
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 7.12 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country Saudi Arabia

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

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Middle East Polyethylene Terephthalate (PET) Market Analysis

The Middle East Polyethylene Terephthalate (PET) Market size is estimated at 1.67 billion USD in 2024, and is expected to reach 2.36 billion USD by 2029, growing at a CAGR of 7.12% during the forecast period (2024-2029).

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1.67 Billion

Market Size in 2024 (USD)

2.36 Billion

Market Size in 2029 (USD)

7.12 %

CAGR (2017-2023)

7.12 %

CAGR (2024-2029)

Largest Market by End-user Industry

97.96 %

value share, Packaging, 2023

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Due to the wide range of applications, including bottles, jars, and containers, specifically in the food and beverages industry, the packaging industry held the largest market share.

Fastest Growing Market by End-user Industry

9.72 %

Projected CAGR, Electrical and Electronics, 2024-2029

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Electrical & electronics is the fastest-growing segment in the market, as the demand for PET films is increasing owing to their superior insulation, mechanical, and electrical properties.

Largest Market by Country

44.40 %

value share, Saudi Arabia, 2023

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Saudi Arabia occupied the largest share of the Middle Eastern PET market owing to its huge share in regional plastic packaging production and electrical production by value, amounting to around 42.38% and 19.93%, respectively.

Fastest Growing Market by Country

7.64 %

Projected CAGR, Saudi Arabia, 2024-2029

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Saudi Arabia is forecast to be the fastest-growing consumer over the forecast period, with the country’s plastic packaging production likely to record a CAGR of 5.71%.

Leading Market Player

31.95 %

market share, Alfa S.A.B. de C.V., 2022

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In 2022, the company held the largest market share and accounted for the highest production capacity of PET resin in the Middle East, amounting to around 1 million tons per year.

Packaging industry to dominate the market in the coming years

  • PET has a wide range of applications in packaging and electronics, including packaging foods and beverages, particularly convenience-sized soft drinks and water, coil forms, electrical encapsulation, solenoids, and smart meters. In 2022, PET resin in the region accounted for around 6.07% by value of the global PET resin consumption.
  • The packaging industry is the region's largest end-user industry for PET resin. The plastic packaging industry of the region is being driven by key factors such as a rising population, a significant increase in per capita income, and changing lifestyles. The demand for packaged food in the region is expected to reach 44 million tons by 2026. The region's plastic packaging production volume is expected to reach 6.7 million tons in 2029 from 5.0 million tons in 2023. As a result, the demand for PET resin is expected to drive during the forecast period.
  • The electrical and electronics industry is the region's fastest-growing industry, with a CAGR of 9.78% in terms of value during the forecast period. The surge in demand for technologically advanced consumer electronics and appliances, such as smartphones, laptops, computers, cameras, and televisions, is expected to boost consumer electronics demand during the forecast period. The region's electrical and electronics production revenue is projected to reach USD 114.9 billion in 2029 from USD 69.7 billion in 2023. The consumer electronics industry in the United Arab Emirates is projected to reach a revenue of USD 2.2 billion in 2027 from USD 1.7 billion in 2023. The increase in electrical and electronics production in the region is projected to drive the demand for PET resin in the future.
Middle East Polyethylene Terephthalate (PET) Market

Saudi Arabia to dominate the PET market

  • PET has a wide range of applications in packaging and electrical and electronics, including food and beverage packaging, convenience-sized soft drinks, water, coil forms, electrical devices, and smart meters. In 2022, the Middle East accounted for 6.03% of the global consumption of PET resin in terms of value.
  • Saudi Arabia is the largest consumer of PET resin in the region. It is expected to record the highest CAGR of 7.70% in terms of value during the forecast period due to its growing packaging, electrical and electronics, and industrial machinery industries. The preference for processed and packaged foods has propelled the food packaging market in the country due to the rapidly developing lifestyles and economic growth, along with a shift in population dynamics from rural to urban areas. Saudi Arabia has one of the largest e-commerce markets in the Middle East. With the increasing demand for packaging, the consumption of PET resins from end-user industries will likely increase in the region during the forecast period.
  • The demand for PET resin from the United Arab Emirates is increasing significantly due to the growing packaging, electrical and electronics, and other end-user industries. The surging demand for technologically advanced consumer electronics and appliances, such as smartphones, laptops, computers, cameras, and televisions, is expected to boost the demand for PET resins in the country in the future. Consumer electronics in the country are projected to reach a market volume of around USD 2.5 billion in 2027 from USD 1.8 billion in 2023.

Middle East Polyethylene Terephthalate (PET) Market Trends

Growing investments from the government and private players

  • In the Middle East, Saudi Arabia is quickly emerging as one of the key markets for the electrical and electronics industry. Aside from the oil and gas industry, the country has a sizable consumer base and a broad range of industrial pursuits, contributing to the rapid annual increase in production for the electrical and electronics industry. Thus, electrical and electronics production in the region registered a CAGR of 18% from 2017 to 2019 in revenue terms.
  • In 2020, the demand for consumer electronics for remote working and home entertainment increased due to the COVID-19 pandemic. In 2020, Saudi Arabia registered the highest smartphone penetration rate, around 97%, in the world, which enabled approximately 60% of Saudi customers to discover new sellers through social networks. Saudi Arabia faced a higher rate of e-commerce growth, nearly 60% (between 2019 and 2020), mainly due to the pandemic. The revenue from electrical and electronics production increased by 1.8% compared to the previous year.
  • Electrical and electronic production is expected to witness a CAGR of 8.51% in value during the forecast period (2023-2029). The major driving component behind the growth is likely to be the growing investments from the government and the manufacturers like Samsung. Samsung has also been pitching its 5G wireless technology to the Middle East. Saudi Arabia implemented a 5G network in line with the Vision 2030 initiative. All such factors are expected to boost electronics production over the forecast period in the region.
Middle East Polyethylene Terephthalate (PET) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Growing aircraft manufacturing capabilities to boost component production
  • Rapid urbanization expected to drive the construction industry
  • Volatile crude oil prices to influence the PET resin price
  • The PET recycling rate in Saudi Arabia stood at 5-10% while the United Arab Emirates at 4-5% in 2021
  • Lower interest rates and fuel rates to aid growth
  • The United Arab Emirates to dominate PET resin trade
  • Demand for bottles to boost growth of PET resin

Middle East Polyethylene Terephthalate (PET) Industry Overview

The Middle East Polyethylene Terephthalate (PET) Market is fairly consolidated, with the top five companies occupying 100%. The major players in this market are Alfa S.A.B. de C.V., IVL Dhunseri Petrochem Industries Private Limited (IDPIPL), JBF Industries Ltd, SABIC and Shahid Tondgooyan Petrochemical Company (sorted alphabetically).

Middle East Polyethylene Terephthalate (PET) Market Leaders

  1. Alfa S.A.B. de C.V.

  2. IVL Dhunseri Petrochem Industries Private Limited (IDPIPL)

  3. JBF Industries Ltd

  4. SABIC

  5. Shahid Tondgooyan Petrochemical Company

Middle East Polyethylene Terephthalate (PET) Market Concentration

Other important companies include Far Eastern New Century Corporation, Reliance Industries Limited.

*Disclaimer: Major Players sorted in alphabetical order.

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Middle East Polyethylene Terephthalate (PET) Market News

  • June 2022: Alpek acquired OCTAL, which increased Alpek's PET resin capacity by 576,000 tons, helping it meet customers' increased demand.

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.

Middle East Polyethylene Terephthalate (PET) Market
Middle East Polyethylene Terephthalate (PET) Market
Middle East Polyethylene Terephthalate (PET) Market
Middle East Polyethylene Terephthalate (PET) Market

Middle East Polyethylene Terephthalate (PET) Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

      1. 2.1.1. Aerospace

      2. 2.1.2. Automotive

      3. 2.1.3. Building and Construction

      4. 2.1.4. Electrical and Electronics

      5. 2.1.5. Packaging

    2. 2.2. Import And Export Trends

      1. 2.2.1. Polyethylene Terephthalate (PET) Trade

    3. 2.3. Price Trends

    4. 2.4. Form Trends

    5. 2.5. Recycling Overview

      1. 2.5.1. Polyethylene Terephthalate (PET) Recycling Trends

    6. 2.6. Regulatory Framework

      1. 2.6.1. Saudi Arabia

      2. 2.6.2. United Arab Emirates

    7. 2.7. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. End User Industry

      1. 3.1.1. Automotive

      2. 3.1.2. Building and Construction

      3. 3.1.3. Electrical and Electronics

      4. 3.1.4. Industrial and Machinery

      5. 3.1.5. Packaging

      6. 3.1.6. Other End-user Industries

    2. 3.2. Country

      1. 3.2.1. Saudi Arabia

      2. 3.2.2. United Arab Emirates

      3. 3.2.3. Rest of Middle East

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. Alfa S.A.B. de C.V.

      2. 4.4.2. Far Eastern New Century Corporation

      3. 4.4.3. IVL Dhunseri Petrochem Industries Private Limited (IDPIPL)

      4. 4.4.4. JBF Industries Ltd

      5. 4.4.5. Reliance Industries Limited

      6. 4.4.6. SABIC

      7. 4.4.7. Shahid Tondgooyan Petrochemical Company

  7. 5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, MIDDLE EAST, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, MIDDLE EAST, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 6:  
  2. IMPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, MIDDLE EAST, 2017 - 2021
  1. Figure 7:  
  2. EXPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, MIDDLE EAST, 2017 - 2021
  1. Figure 8:  
  2. MIDDLE EAST POLYETHYLENE TEREPHTHALATE (PET) MARKET, PRICE TRENDS, BY COUNTRY, USD PER KG, 2017-2021
  1. Figure 9:  
  2. REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) BY FORM TYPE, USD, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 10:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 11:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 12:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 13:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 14:  
  2. VOLUME SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 15:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 16:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 17:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 18:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 19:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 20:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 21:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY COUNTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 22:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 23:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 24:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 25:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 26:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 27:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 28:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 29:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 30:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY BY COUNTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 31:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 33:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 34:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 35:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 36:  
  2. VOLUME SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 37:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 38:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, SAUDI ARABIA, 2017 - 2029
  1. Figure 39:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, SAUDI ARABIA, 2017 - 2029
  1. Figure 40:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2022 VS 2029
  1. Figure 41:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 42:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 43:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, UNITED ARAB EMIRATES, 2022 VS 2029
  1. Figure 44:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 45:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 46:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST, 2022 VS 2029
  1. Figure 47:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, MIDDLE EAST, 2019 - 2021
  1. Figure 48:  
  2. MOST ADOPTED STRATEGIES, COUNT, MIDDLE EAST, 2019 - 2021
  1. Figure 49:  
  2. PRODUCTION CAPACITY SHARE OF POLYETHYLENE TEREPHTHALATE (PET) BY MAJOR PLAYERS, %, MIDDLE EAST, 2022

Middle East Polyethylene Terephthalate (PET) Industry Segmentation

Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Saudi Arabia, United Arab Emirates are covered as segments by Country.

  • PET has a wide range of applications in packaging and electronics, including packaging foods and beverages, particularly convenience-sized soft drinks and water, coil forms, electrical encapsulation, solenoids, and smart meters. In 2022, PET resin in the region accounted for around 6.07% by value of the global PET resin consumption.
  • The packaging industry is the region's largest end-user industry for PET resin. The plastic packaging industry of the region is being driven by key factors such as a rising population, a significant increase in per capita income, and changing lifestyles. The demand for packaged food in the region is expected to reach 44 million tons by 2026. The region's plastic packaging production volume is expected to reach 6.7 million tons in 2029 from 5.0 million tons in 2023. As a result, the demand for PET resin is expected to drive during the forecast period.
  • The electrical and electronics industry is the region's fastest-growing industry, with a CAGR of 9.78% in terms of value during the forecast period. The surge in demand for technologically advanced consumer electronics and appliances, such as smartphones, laptops, computers, cameras, and televisions, is expected to boost consumer electronics demand during the forecast period. The region's electrical and electronics production revenue is projected to reach USD 114.9 billion in 2029 from USD 69.7 billion in 2023. The consumer electronics industry in the United Arab Emirates is projected to reach a revenue of USD 2.2 billion in 2027 from USD 1.7 billion in 2023. The increase in electrical and electronics production in the region is projected to drive the demand for PET resin in the future.
End User Industry
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Country
Saudi Arabia
United Arab Emirates
Rest of Middle East
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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.
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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
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Middle East Polyethylene Terephthalate (PET) Market Research FAQs

The Middle East Polyethylene Terephthalate (PET) Market size is expected to reach USD 1.67 billion in 2024 and grow at a CAGR of 7.12% to reach USD 2.36 billion by 2029.

In 2024, the Middle East Polyethylene Terephthalate (PET) Market size is expected to reach USD 1.67 billion.

Alfa S.A.B. de C.V., IVL Dhunseri Petrochem Industries Private Limited (IDPIPL), JBF Industries Ltd, SABIC and Shahid Tondgooyan Petrochemical Company are the major companies operating in the Middle East Polyethylene Terephthalate (PET) Market.

In the Middle East Polyethylene Terephthalate (PET) Market, the Packaging segment accounts for the largest share by end user industry.

In 2024, Saudi Arabia accounts for the largest share by country in the Middle East Polyethylene Terephthalate (PET) Market.

In 2023, the Middle East Polyethylene Terephthalate (PET) Market size was estimated at 1.67 billion. The report covers the Middle East Polyethylene Terephthalate (PET) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East Polyethylene Terephthalate (PET) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Middle East Polyethylene Terephthalate (PET) Industry Report

Statistics for the 2023 Middle East Polyethylene Terephthalate (PET) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East Polyethylene Terephthalate (PET) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Middle East Polyethylene Terephthalate (PET) Market Report Snapshots

Middle East Polyethylene Terephthalate (PET) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029