Polyethylene Terephthalate (PET) Compounding Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polyethylene Terephthalate (PET) Compounding Market Analysis
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.
Polyethylene Terephthalate (PET) Compounding Market Trends
This section covers the major market trends shaping the Polyethylene Terephthalate (PET) Compounding Market according to our research experts:
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.
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 Industry Overview
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.
Polyethylene Terephthalate (PET) Compounding Market Leaders
BASF SE
DuPont
SABIC
Vikas Ecotech Ltd
RTP Company
*Disclaimer: Major Players sorted in no particular order
Polyethylene Terephthalate (PET) Compounding Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand from the Packaging Industry
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 End-User
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5.1.1 Packaging
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5.1.2 Electrical & Electronics
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5.1.3 Industrial Machinery
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5.1.4 Automotive
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5.1.5 Construction
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5.1.6 Others
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5.2 Geography
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5.2.1 Asia-Pacific
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5.2.1.1 China
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5.2.1.2 India
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5.2.1.3 Japan
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5.2.1.4 South Korea
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5.2.1.5 Rest of Asia-Pacific
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5.2.2 North America
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5.2.2.1 United States
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5.2.2.2 Canada
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5.2.2.3 Mexico
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5.2.3 Europe
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5.2.3.1 Germany
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5.2.3.2 United Kingdom
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5.2.3.3 France
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5.2.3.4 Italy
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5.2.3.5 Rest of Europe
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle-East and Africa
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5.2.5.1 Saudi Arabia
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5.2.5.2 South Africa
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5.2.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 A. Schulman, Inc
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6.4.2 BASF SE
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6.4.3 Buss AG
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6.4.4 DuPont
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6.4.5 PET Processors LLC
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6.4.6 PolyVisions
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6.4.7 RTP Company
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6.4.8 SABIC
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6.4.9 SRF Limited
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6.4.10 Vikas Ecotech Ltd
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Polyethylene Terephthalate (PET) Compounding Industry Segmentation
The Polyethylene Terephthalate (PET) Compounding Market report includes:
| End-User | |
| Packaging | |
| Electrical & Electronics | |
| Industrial Machinery | |
| Automotive | |
| Construction | |
| Others |
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Polyethylene Terephthalate (PET) Compounding Market Research FAQs
What is the current Polyethylene Terephthalate (PET) Compounding Market size?
The Polyethylene Terephthalate (PET) Compounding Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in Polyethylene Terephthalate (PET) Compounding Market?
BASF SE, DuPont, SABIC, Vikas Ecotech Ltd and RTP Company are the major companies operating in the Polyethylene Terephthalate (PET) Compounding Market.
Which is the fastest growing region in Polyethylene Terephthalate (PET) Compounding Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Polyethylene Terephthalate (PET) Compounding Market?
In 2024, the Asia Pacific accounts for the largest market share in Polyethylene Terephthalate (PET) Compounding Market.
What years does this Polyethylene Terephthalate (PET) Compounding Market cover?
The report covers the Polyethylene Terephthalate (PET) Compounding Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polyethylene Terephthalate (PET) Compounding Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Polyethylene Terephthalate (PET) Compounding Industry Report
Statistics for the 2024 Polyethylene Terephthalate (PET) Compounding market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polyethylene Terephthalate (PET) Compounding analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
