South America Polyethylene Terephthalate (PET) Market Analysis by Mordor Intelligence
The South America Polyethylene Terephthalate Market size is estimated at 2.76 million tons in 2025, and is expected to reach 3.57 million tons by 2030, at a CAGR of 5.26% during the forecast period (2025-2030). The growth curve highlights Brazil’s decisive shift toward import substitution, mandatory recycled-content rules, and near-shoring moves by fast-moving consumer-goods majors that collectively anchor regional PET demand. Port congestion at Santos and Paranaguá, while a short-term drag on inbound logistics, is nudging converters to favor local resin suppliers that can guarantee shorter lead times, thereby reinforcing domestic investment momentum. Active capacity expansion—such as Coca-Cola’s BRL 7 billion, 14-line build-out—and public–private alliances in recycling are broadening supply options and cushioning volatility in crude-linked feedstock prices. Competitive intensity remains moderate; established multinationals leverage vertical integration, while emerging recyclers win share through collection-network outreach and technology licenses.
Key Report Takeaways
- By end-user industry, packaging held 98.81% of the South America Polyethylene Terephthalate market share in 2024, whereas electrical and electronics posted the fastest 7.26% CAGR to 2030.
- By source type, virgin PET commanded 90.57% of the South America Polyethylene Terephthalate market size in 2024; recycled PET is set to expand at a 5.98% CAGR.
- By country, Brazil led with 66.63% of regional volume in 2024 and is advancing at a 5.40% CAGR through 2030.
South America Polyethylene Terephthalate (PET) Market Trends and Insights
Driver Impact Analysis
| Drivers | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Brazil mandatory recycled content targets for PET bottles | +1.2% | Brazil primary, spillover to MERCOSUR | Medium term (2-4 years) |
| Growing on-premise beverage demand boosting bottle-grade PET | +0.8% | Regional, concentrated in urban centers | Short term (≤ 2 years) |
| Import-substitution push after Brazil polymer import-tax hike | +1.0% | Brazil core, competitive effects in Argentina | Short term (≤ 2 years) |
| Rapid expansion of rPET capacity via public-private partnerships | +0.9% | Brazil, Chile, Mexico border regions | Medium term (2-4 years) |
| Near-shoring of FMCG bottling lines to mitigate supply-chain risks | +0.6% | Regional, proximity to major consumer markets | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Brazil Mandatory Recycled-Content Targets for PET Bottles
The National Solid Waste Policy makes closed-loop recycling legally binding as of 2026, requiring beverage fillers to demonstrate that every bottle is collected and reprocessed. Brazil recycled 410,000 tons of PET in 2024, a 14% increase from 2022, yet volumes still fall short of compliance needs[1]ABRELPE, “Panorama dos Resíduos Sólidos no Brasil 2024,” ABRELPE, abrelpe.org.br. Harmonized MERCOSUR food-grade rPET specifications enable producers to shuttle feedstock across borders, thereby trimming transport costs and enhancing grade uniformity. Supply chains now treat waste as a strategic asset, extending pickup routes from megacities to farming belts where bottled soft drink penetration is climbing. Investments in optical sorters and high-viscosity extrusion systems are scaling rapidly, with several facilities already boasting food-contact clearance under U.S. FDA equivalency audits. As reverse logistics reporting becomes enforceable, local players anticipate stronger bargaining power over bale pricing, thereby stabilizing input costs during crude price swings.
Growing On-Premise Beverage Demand Boosting Bottle-Grade PET
Latin America’s post-pandemic leisure boom revives restaurant, stadium, and event traffic, lifting demand for premium PET bottles in the 0.31 L-0.51 L range. Coca-Cola has allocated BRL 7 billion to 14 new lines, many of which are dedicated to returnable PET, blending durability with lightweighting. PepsiCo’s USD 100 million storage park in Uruguay enables same-week replenishment for 24 export markets, leveraging free-zone perks to minimize inventory holding days. Craft brewers and regional wineries are switching from glass to PET for open-air venues because weight reductions cut freight bills by up to 35% per pallet. Bottle-design differentiation—in colors, tactile finishes, and smart closures—supports higher shelf prices that absorb resin cost escalations. Equipment makers selling high-cavity blow-molders report order backlogs through late 2026, signaling sustained demand even if macroeconomic growth cools.
Import-Substitution Push After Brazil Polymer Import-Tax Hike
An increase in the PET resin import duty from 12.6% to 20% grants domestic suppliers a cost advantage over Asian offerings, motivating converters to secure annual supply deals with local producers. Braskem is negotiating ethane supply contracts at its Duque de Caxias complex to underpin a potential debottlenecking project. Parallel antidumping probes into shipments from Malaysia and Vietnam further deter overseas sellers, while Brazil’s development bank is fast-tracking low-interest loans for debottlenecking projects that promise feedstock self-reliance. ABIQUIM and federal agencies are co-drafting process-conversion incentives that encourage ethane cracking, which could reduce unit PET costs by 15-20% once operational. The policy mix shortens lead times and reduces exposure to vessel backlog at Santos, providing local players with a reliability premium when negotiating with brand owners.
Rapid Expansion of rPET Capacity via Public–Private Partnerships
Multinationals are teaming with domestic recyclers to share capital risk and secure feedstock. ALPLA and Coca-Cola FEMSA’s USD 60 million venture in southeast Mexico will recycle 35,000 tons per year once ramped, feeding Brazilian and Chilean blow-molders via intra-company off-take contracts. Circulate Capital funded Cirklo, which processes enough bottles annually to wrap the Earth 17 times, while simultaneously wiring micro-finance to 5,000 farm-based depots. In Chile, the Re-Ciclar plant, which cost USD 35 million, handles 350 million bottles annually, utilizing multi-layer extrusion to achieve food-grade clarity. Technology transfers include decontamination reactors, solid-state polymerizers, and line sensors that ensure an intrinsic viscosity of at least 0.80 dl/g. The aggregated effect is a faster uptake of rPET in mainstream packaging, prompting converters to retool their stretch-blow stations for mixed-resin runs.
Restraint Impact Analysis
| Restraints | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Crude oil–linked feedstock price volatility | -0.7% | Regional, upstream integration dependent | Short term (≤ 2 years) |
| Port congestion and customs strike logistics bottlenecks | -0.4% | Brazil ports (Santos, Paranagua), Argentina | Short term (≤ 2 years) |
| Low South American recycling infrastructure utilisation below 15% | -0.5% | Regional, rural areas most affected | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Crude-Oil-Linked Feedstock Price Volatility
PET margins fluctuate with shifts in naphtha and paraxylene prices, which follow changes in crude benchmarks. Petrobras plans USD 16.7 billion in refining upgrades through 2028, but fresh paraxylene or PTA streams remain unconfirmed, leaving converters exposed to Asian benchmark swings. Currency fluctuations add another layer because feedstock imports are clear in USD, while domestic sales settle in reals or pesos. Large integrated players hedge their exposures via swap arrangements and diversified cracker fleets, whereas small converters operate largely on a spot basis, absorbing immediate cost spikes. Frequent feedstock repricing complicates long-horizon project appraisals, thereby delaying the construction of green-field PET or preform plants. The volatility risk amplifies borrower-credit premiums, increasing finance costs for mid-tier recyclers seeking to incorporate solid-state reactors.
Low South-American Recycling Infrastructure Utilization below 15%
Collection bottlenecks hinder feedstock supply to existing recyclers, resulting in utilization rates below 15% for many lines[2]The Circulate Initiative, “The Plastics Circularity Investment Tracker,” thecirculateinitiative.org . Municipal recycling serves only 54.8% of Chilean districts, and Brazil’s national average PET recovery rate is near 51%, highlighting a volume-flow mismatch. The informal sector, with roughly 4 million workers, supplies materials that often fail to meet food-grade specifications, necessitating additional washing cycles and yield losses. Wide rural geographies inflate bale-haul costs; thus, plants operate at a sub-scale outside harvest months when bottle flow peaks. Quality assurance gaps deter corporate offtakers, who demand strict traceability under global beverage safety codes. Scaling solutions hinge on route-densification software, bale-compression hubs, and fair-price contracts that bring informal pickers into regulated channels.
Segment Analysis
By End-User Industry: Packaging Dominance Drives Volume Growth
Packaging applications accounted for 98.81% of the 2024 volume, confirming the South America Polyethylene Terephthalate market as a packaging-centric ecosystem. The segment’s structural lead reflects entrenched beverage lines, familiarity with PET’s barrier properties, and widespread stretch-blow expertise. Electrical and electronics, although small, are pacing at a 7.26% CAGR and benefit from consumer electronics assemblies and low-voltage connector housings that tap PET’s dielectric performance. Automotive uptake centers on fuel-tank liners and under-hood fluid reservoirs, where weight saving helps manufacturers meet efficiency norms. Building and construction uses PET sheets for daylighting and insulation, while industrial and machinery firms select PET for precision guides and pump components. Coca-Cola’s 100% rPET preform pilot at Jundiaí showcases packaging’s sustainability vanguard, whereas Sidel’s Super Combi lines enable converters to quickly switch between bottle formats, thereby protecting line uptime.
In the years ahead, additional returnable loops and tethered-cap regulations will likely consolidate packaging’s share, while higher-margin electrical applications may pull incremental resin volumes as Latin American appliance output increases. Cross-learning on flame-retardant grades could broaden PET’s electronics footprint, while automotive lightweighting targets foreshadow niche demand in fuel-cell stacks and battery components. Over the 2025-2030 period, packaging remains the anchor, but diversified end-use adoption helps buffer cyclical dips in beverage demand.
Note: Segment shares of all individual segments available upon report purchase
By Source Type: Virgin PET Leadership Faces Recycled Challenge
Virgin PET held a 90.57% market share in South America's Polyethylene Terephthalate market in 2024, driven by its consistent mechanical properties and established certification regimes. Yet recycled PET will post a 5.98% CAGR, narrowing the spread as brand owners chase circularity pledges. Indorama Ventures’ USD 20 million upgrade expanded Brazil’s rPET output to 25,000 tons per year, signaling the viability of scale-up. Virgin volumes remain critical for carbonated-soft-drink performance and high-clarity retail packs, but regulatory ceilings on virgin content force converters to blend in rPET at 25-50% levels. Technological improvements in melt-filtering and solid-state polymerization are enhancing the intrinsic viscosities of recycled plastics, alleviating concerns about functional parity. Producers managing dual streams gain bargaining leverage by offering mix-and-match contracts that optimize cost and compliance on the fly.
Looking ahead, virgin PET supply will rely on upstream PTA expansions and potential bio-feedstock projects, while rPET growth hinges on bale availability, food-contact approvals, and investor appetite for chemical recycling pilot lines. The competitive frontier will tilt toward players that can promise consistent color and mechanical properties in high rPET blends without premium pricing.
Geography Analysis
Brazil controlled 66.63% of regional shipments in 2024, giving it a super-major status within the South America Polyethylene Terephthalate market. The country’s 5.40% CAGR through 2030 is driven by protectionist tariffs, expanding recycling mandates, and record investments in the beverage line. Argentina occupies the runner-up slot thanks to established polymer converters and bilateral MERCOSUR tariff advantages, though peso volatility raises feedstock-financing risk. The “Rest of South America” grouping—mainly Colombia, Peru, and Chile—offers faster uptake relative to base size, propelled by urbanization and policy alignment on extended producer responsibility. Port logjams inside Brazil tilt supply toward local resins, while Argentina’s diversified import partners hedge against single-origin disruption. Chile’s legislated EPR framework acts as a policy lighthouse for neighbors, catalyzing regional rPET investments and harmonized bottle-grade specifications.
Competitive Landscape
Regional PET rivalry is best described as moderately consolidated, with multinationals dominating the virgin resin market, and agile regional recyclers racing to scale bale-to-flake capacity. White-space opportunities center around automotive and electronics applications that require precise mechanical tolerances and flame-retardant grades. Firms investing in specialty compounding and engineering support can command premium margins. Patent filings rise in depolymerization and enzyme-based recycling, hinting at future cost breakthroughs that could shift share away from petro-based incumbents. Yet, near-term leadership depends on supply reliability; companies that blend virgin and rPET seamlessly, while guaranteeing food-contact safety, stand to win exclusive bottler contracts. Port congestion and crude-price volatility make local stockholding capacity a hidden competitive asset, favoring integrated players that can shuttle resin via inland depots within 24 hours.
South America Polyethylene Terephthalate (PET) Industry Leaders
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Alfa S.A.B. de C.V.
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Indorama Ventures Public Company Limited
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ENKA İnşaat ve Sanayi A.Ş.
-
Far Eastern New Century Corporation
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SABIC
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- April 2025: Brazil initiated an anti-dumping investigation into PET with an intrinsic viscosity of 0.78–0.88 dl/g from Malaysia and Vietnam, aiming to protect domestic producers.
- January 2025: ALPLA acquired a majority stake in Clean Bottle, a Brazilian recycler with an annual output of 15,000 tons, advancing its vertical integration strategy in the PET market.
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, SOUTH AMERICA, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, SOUTH AMERICA, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, SOUTH AMERICA, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, SOUTH AMERICA, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, SOUTH AMERICA, 2017 - 2021
- Figure 8:
- SOUTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, PRICE TRENDS, BY COUNTRY, USD PER KG, 2017-2021
- Figure 9:
- REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) BY FORM TYPE, USD, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 10:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 11:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
- Figure 12:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 13:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 14:
- VOLUME SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 15:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 16:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 17:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 18:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 19:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 20:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 21:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 22:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 23:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 24:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 25:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 26:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 27:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 28:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 29:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 30:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 31:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 32:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 33:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 34:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 35:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 36:
- VOLUME SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 37:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 38:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, ARGENTINA, 2017 - 2029
- Figure 39:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, ARGENTINA, 2017 - 2029
- Figure 40:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2022 VS 2029
- Figure 41:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, BRAZIL, 2017 - 2029
- Figure 42:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, BRAZIL, 2017 - 2029
- Figure 43:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2022 VS 2029
- Figure 44:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 45:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 46:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2022 VS 2029
- Figure 47:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, SOUTH AMERICA, 2019 - 2021
- Figure 48:
- MOST ADOPTED STRATEGIES, COUNT, SOUTH AMERICA, 2019 - 2021
- Figure 49:
- PRODUCTION CAPACITY SHARE OF POLYETHYLENE TEREPHTHALATE (PET) BY MAJOR PLAYERS, %, SOUTH AMERICA, 2022
South America 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. Argentina, Brazil are covered as segments by Country.
| Automotive |
| Building and Construction |
| Electrical and Electronics |
| Industrial and Machinery |
| Packaging |
| Other End-user Industries |
| Virgin PET |
| Recycled PET |
| Argentina |
| Brazil |
| Rest of South America |
| By End-User Industry | Automotive |
| Building and Construction | |
| Electrical and Electronics | |
| Industrial and Machinery | |
| Packaging | |
| Other End-user Industries | |
| By Source Type | Virgin PET |
| Recycled PET | |
| By Country | Argentina |
| Brazil | |
| Rest of South America |
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