Polyethylene Terephthalate (PET) Compounding Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by End-User (Packaging, Electrical & Electronics, Industrial Machinery, Automotive, Construction, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East & Africa)

Market Snapshot

polyethylene terephthalate pet compounding - market summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: 4 %

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Market Overview

The Polyethylene Terephthalate (PET) Compounding market is expected to develop at a CAGR of over 4% during the forecast period. The major factor driving the growth of the polyethylene terephthalate compounding market is the increasing demand from the packaging applications. On the flip-side, unfavorable conditions arising due to the sudden outbreak of COVID-19 is anticipated to foil the growth of the market studied.

  • Polyethylene Terephthalate (PET) Compounding products are extensively utilized for packaging of numerous food and refreshments as it is clean, solid, lightweight, holds the freshness of the items, and doesn't break, and dimensionally stable material. It is impervious to water, chemical compounds, and non-harmful material that can be easily reused.
  • Asia-Pacific is expected to be the largest market due to the large-scale consumption of polyethylene terephthalate (PET) compounding products in the region.

Scope of the Report

The Polyethylene Terephthalate (PET) Compounding Market report includes:

End-User
Packaging
Electrical & Electronics
Industrial Machinery
Automotive
Construction
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Packaging to be the Largest Segment for Polyethylene Terephthalate (PET) Compounding Market

  • PET plastic is widely used in the packaging sector. It is noticeably utilized for packaging of numerous food and refreshments as it is clean, solid, lightweight, holds the freshness of the items, and doesn't break. It is usually utilized for the packaging of water and carbonated drinks. It is viewed as a solid, safe, lightweight, adaptable, and non-harmful material that can be easily reused.
  • According to the market estimation, the contract packaging industry added up to USD 52.3 billion in 2019 and is anticipated to increase to about USD 119 billion by 2025.
  • In 2020, the worldwide income produced in the carbonated drinks segment is projected to be USD 346.9 billion and is foreseen to develop at a rate of 8.6% annually.
  • All the aforementioned factors are expected to drive the polyethylene Terephthalate (PET) compounding market during the forecast period.
Polyethylene Terephthalate Pet Compounding Market Revenue Share

Asia-Pacific Region to Dominate Polyethylene Terephthalate (PET) Compounding Market

  • Asia-Pacific region holds a prominent share in the polyethylene Terephthalate (PET) compounding market globally and is expected to dominate the market during the forecast timeline.
  • In 2019, the total number of vehicles produced in China stood at 25.72 million units.
  • Asia-Pacific region is projected to generate an income of USD 103 billion from the bottled water business by 2020.
  • By the end of 2020, the region is anticipated to lead the global construction expenditure representing about 46% with nations like China, India, Indonesia making a significant commitment to the business.
  • Thus, rising demand from various industries is expected to drive the market studied in the region during the forecast timeframe.
Polyethylene Terephthalate Pet Compounding Market Regional Trends

Competitive Landscape

The market for polyethylene terephthalate (PET) compounding is consolidated. Some of the players in the market include BASF SE, DuPont, SABIC, Vikas Ecotech Ltd, and RTP Company.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from the Packaging Industry

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 End-User

      1. 5.1.1 Packaging

      2. 5.1.2 Electrical & Electronics

      3. 5.1.3 Industrial Machinery

      4. 5.1.4 Automotive

      5. 5.1.5 Construction

      6. 5.1.6 Others

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 France

        4. 5.2.3.4 Italy

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 A. Schulman, Inc

      2. 6.4.2 BASF SE

      3. 6.4.3 Buss AG

      4. 6.4.4 DuPont

      5. 6.4.5 PET Processors LLC

      6. 6.4.6 PolyVisions

      7. 6.4.7 RTP Company

      8. 6.4.8 SABIC

      9. 6.4.9 SRF Limited

      10. 6.4.10 Vikas Ecotech Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Polyethylene Terephthalate (PET) Compounding Market market is studied from 2016 - 2026.

The Polyethylene Terephthalate (PET) Compounding Market is growing at a CAGR of 4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

BASF SE, DuPont, SABIC, Vikas Ecotech Ltd, RTP Company are the major companies operating in Polyethylene Terephthalate (PET) Compounding Market.

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