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

The North America Polyethylene Terephthalate (PET) Market is segmented by End User Industry (Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging) and by Country (Canada, Mexico, United States). 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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North America Polyethylene Terephthalate (PET) Market Size

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North America 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 5.32 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 7.14 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) 6.07 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country United States

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

Key Players

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North America Polyethylene Terephthalate (PET) Market Analysis

The North America Polyethylene Terephthalate (PET) Market size is estimated at 5.32 billion USD in 2024, and is expected to reach 7.14 billion USD by 2029, growing at a CAGR of 6.07% during the forecast period (2024-2029).

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5.32 Billion

Market Size in 2024 (USD)

7.14 Billion

Market Size in 2029 (USD)

2.91 %

CAGR (2017-2023)

6.07 %

CAGR (2024-2029)

Largest Market by End-user Industry

96.53 %

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

8.02 %

Projected CAGR, Electrical and Electronics, 2024-2029

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With the rising demand for PET films in the electrical & electronics sector owing to their high insulation, mechanical, and electrical properties it is projected to grow at the fastest rate.

Largest Market by Country

90.26 %

value share, United States, 2023

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Owing to its huge share of around 75.51% in North American plastic packaging production, the United States generated the highest demand for PET resins across the region.

Fastest Growing Market by Country

6.26 %

Projected CAGR, Mexico, 2024-2029

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With plastic packaging production expected to record a CAGR of around 4.2% in Mexico during the forecast period, the country is projected to witness the fastest growth in the market.

Leading Market Player

49.14 %

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

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With the largest production capacity of around 1.8 million tons per year of PET resin in 2022 in North America, the company holds the largest share of the market. It also offers various grades, mainly for packaging applications.

Growing demand from packaging and electrical and electronics industry may drive the market demand for PET during the forecast period

  • Polyethylene terephthalate has a wide range of applications in packaging and electrical and electronics, such as packaging foods and beverages, especially convenience-sized soft drinks, juices, and water, coil forms, electrical encapsulation, electrical devices, solenoids, and smart meters. Packaging and electrical and electronics accounted for around 96.6% and 2.0% of the revenue of the region's polyethylene terephthalate market, respectively, in 2022.
  • The packaging industry is the largest consumer of PET resins in the region due to the significant increase in single-person homes and busy lifestyles, resulting in increased demand for functional, prepackaged, and convenient food products. North America is one of the dominant markets in the packaging industry at a global level, with plastic packaging production having a volume of 22.4 million in 2022.
  • The electrical and electronics industry is the second largest in the region, especially in the United States. The industry accounted for 1.6% of the GDP and generated a revenue of USD 576.1 billion in 2022 in the region, increasing demand for electrical and electronics and encouraging the onset of electric vehicles, autonomous robots, and top-secret defense technologies.
  • The electrical and electronics industry is expected to be the region's fastest-growing consumer of PET resins by revenue, with an expected CAGR of 8.18%, due to increasing applications of PET for plastic composites in electrical and electronics products.
North America Polyethylene Terephthalate (PET) Market

United States to dominate the PET market due to the dominance of the packaging industry

  • North America accounted for 17.3% of the global consumption of polyethylene terephthalate (PET) resin in 2022 by volume. PET resin is one of the key polymers used in North America due to its dominance in the packaging industry.
  • The United States held the largest market share of 90.29% in 2022, a growth of 7.68% by value compared to the previous year, attributed to the country's dominance in the North American packaging industry. The country occupies 80% of North American plastic packaging production in terms of volume. Busier lifestyles, rising purchasing power, and growing demand for quick and on-the-go packaged goods are boosting the US packaging industry and the PET market.
  • The growth of the FMCG, food, beverage, and e-commerce sectors drives Mexico's demand for PET resin. In 2022, the country's plastic production volume accounted for 11.91% of the North American market. In 2022, it increased at a rate of 3.87% from the previous year. The rising plastic packaging production is projected to drive the demand for PET resin in the country in the coming years.
  • Mexico is also expected to be the fastest-growing consumer of PET resin in North America, with a CAGR of 6.25% in terms of value during the forecast period. Consumers in the country are looking for packaging that provides convenience and safety, portability, and product freshness. Thus, plastic packaging production in the country is expected to reach 3.57 million tons by 2029 from 2.79 million tons in 2023.

North America Polyethylene Terephthalate (PET) Market Trends

Strong growth of technological innovations to augment the overall growth of the industry

  • Electrical and electronics production in North America witnessed a CAGR of over 1.4% between 2017 and 2019 owing to the advancement of technology, coupled with the increasing demand for consumer electronics products, such as smart TVs, refrigerators, air conditioners, and other products. The rapid pace of electronic technological innovation is driving the demand for newer and faster electronic products. As a result, it has also increased the electrical and electronics production in the region.
  • Electronic device sales in North America fell by around 9% in 2020 compared to 2019, owing to the COVID-19 impact, because of the production facility shutdowns, supply chain disruptions, and various other constraints. As a result, revenue from electrical and electronics production in the region decreased by 4.7% in 2020 compared to the previous year.
  • In 2021, the sales of consumer electronics in the region reached around USD 113 billion, 4% higher than in 2020. As a result, North America’s electrical and electronics production grew by 13.8% in 2021 in terms of revenue compared to the previous year.
  • By 2027, North America is projected to be the third-largest region for electrical and electronics production and account for a share of around 10.5% of the global market.​ The emergence of advanced technologies such as virtual reality, IoT solutions, and robotics into consumer electronic products to achieve efficiency and low cost has provided a significant advantage to the consumer electronics industry. The consumer electronics industry in the region is projected to reach a market volume of around USD 161.8 billion by 2027 from USD 127.6 billion in 2023. As a result, the demand for electrical and electronic products in the region is projected to increase.
North America Polyethylene Terephthalate (PET) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Increasing investments in the civil aviation and defense sectors to drive the industry
  • Strong growth in residential construction to drive the industry
  • North America to remain as a net importer of PET resins
  • Growing packaging sector to foster the demand for PET bottles
  • Government initiatives for electric vehicles to support the automotive production
  • Evolving lifestyle to increase the plastic packaging applications
  • Volatile crude oil prices and geopolitical factors may highly influence prices of PET resins
  • The PET recycling rate in Mexico stood at 56%, the United States at 28.6%, and Canada at 9%

North America Polyethylene Terephthalate (PET) Industry Overview

The North America Polyethylene Terephthalate (PET) Market is fairly consolidated, with the top five companies occupying 97.94%. The major players in this market are Alfa S.A.B. de C.V., Eastman Chemical Company, Formosa Plastics Group, Indorama Ventures Public Company Limited and Polyplex (sorted alphabetically).

North America Polyethylene Terephthalate (PET) Market Leaders

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

  2. Eastman Chemical Company

  3. Formosa Plastics Group

  4. Indorama Ventures Public Company Limited

  5. Polyplex

North America Polyethylene Terephthalate (PET) Market Concentration

Other important companies include Far Eastern New Century Corporation, JBF Industries Ltd, Kimex SA de CV, Reliance Industries Limited, SABIC.

*Disclaimer: Major Players sorted in alphabetical order.

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North America Polyethylene Terephthalate (PET) Market News

  • January 2023: Polyplex started its new PET film line and offline coater in the United States to service domestic demand and increase the capacity by 50 kilotons.
  • September 2022: Eastman announced an agreement with Ethicon, a Johnson & Johnson MedTech company, to source Eastman Renew materials for its medical device sterile-barrier packaging.
  • July 2022: Alfa SAB de CV restarted construction of the integrated PTA-PET plant in Corpus Christi, Texas, via a joint venture (Corpus Christi Polymers) with Indorama Ventures and Far Eastern New Century.

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.

North America Polyethylene Terephthalate (PET) Market
North America Polyethylene Terephthalate (PET) Market
North America Polyethylene Terephthalate (PET) Market
North America Polyethylene Terephthalate (PET) Market

North America 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. Canada

      2. 2.6.2. Mexico

      3. 2.6.3. United States

    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. Canada

      2. 3.2.2. Mexico

      3. 3.2.3. United States

  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. Eastman Chemical Company

      3. 4.4.3. Far Eastern New Century Corporation

      4. 4.4.4. Formosa Plastics Group

      5. 4.4.5. Indorama Ventures Public Company Limited

      6. 4.4.6. JBF Industries Ltd

      7. 4.4.7. Kimex SA de CV

      8. 4.4.8. Polyplex

      9. 4.4.9. Reliance Industries Limited

      10. 4.4.10. SABIC

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

North America Polyethylene Terephthalate (PET) Industry Segmentation

Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Canada, Mexico, United States are covered as segments by Country.

  • Polyethylene terephthalate has a wide range of applications in packaging and electrical and electronics, such as packaging foods and beverages, especially convenience-sized soft drinks, juices, and water, coil forms, electrical encapsulation, electrical devices, solenoids, and smart meters. Packaging and electrical and electronics accounted for around 96.6% and 2.0% of the revenue of the region's polyethylene terephthalate market, respectively, in 2022.
  • The packaging industry is the largest consumer of PET resins in the region due to the significant increase in single-person homes and busy lifestyles, resulting in increased demand for functional, prepackaged, and convenient food products. North America is one of the dominant markets in the packaging industry at a global level, with plastic packaging production having a volume of 22.4 million in 2022.
  • The electrical and electronics industry is the second largest in the region, especially in the United States. The industry accounted for 1.6% of the GDP and generated a revenue of USD 576.1 billion in 2022 in the region, increasing demand for electrical and electronics and encouraging the onset of electric vehicles, autonomous robots, and top-secret defense technologies.
  • The electrical and electronics industry is expected to be the region's fastest-growing consumer of PET resins by revenue, with an expected CAGR of 8.18%, due to increasing applications of PET for plastic composites in electrical and electronics products.
End User Industry
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Country
Canada
Mexico
United States
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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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North America Polyethylene Terephthalate (PET) Market Research FAQs

The North America Polyethylene Terephthalate (PET) Market size is expected to reach USD 5.32 billion in 2024 and grow at a CAGR of 6.07% to reach USD 7.14 billion by 2029.

In 2024, the North America Polyethylene Terephthalate (PET) Market size is expected to reach USD 5.32 billion.

Alfa S.A.B. de C.V., Eastman Chemical Company, Formosa Plastics Group, Indorama Ventures Public Company Limited and Polyplex are the major companies operating in the North America Polyethylene Terephthalate (PET) Market.

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

In 2024, United States accounts for the largest share by country in the North America Polyethylene Terephthalate (PET) Market.

In 2023, the North America Polyethylene Terephthalate (PET) Market size was estimated at 5.32 billion. The report covers the North America Polyethylene Terephthalate (PET) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Polyethylene Terephthalate (PET) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

North America Polyethylene Terephthalate (PET) Industry Report

Statistics for the 2023 North America Polyethylene Terephthalate (PET) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America 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.

North America Polyethylene Terephthalate (PET) Market Report Snapshots

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