Global Polyethylene Terephthalate (PET) Compounding Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global polyethylene terephthalate (PET) compounding market is projected to grow at a CAGR of 4.89% between 2023 and 2028. Aided by the escalating demand for durable and lightweight materials and the growing applications of PET compounds across numerous industries, the market is expected to grow significantly by 2028.
Polyethylene Terephthalate, typically known as PET, is a variety of polyester most commonly utilised in the formation of plastic and fibre for fabricating containers and bottles for packaging. Recognised for its strength, thermal stability, and lightweight properties, PET compounds are widely used across various industries including automotive, electrical and electronics, and packaging because of their commendable flexibility, chemical resistance, and electrical insulating properties.
The surge in the global polyethylene terephthalate (PET) compounding market growth is primarily due to increasing consumer preference for durable and lightweight materials. Given the heightened focus on fuel efficiency and emissions control, there has been a considerable shift towards lightweight materials in the automotive industry, leading to an increased demand for PET-based compounds.
The expanding applications of PET compounds across various industries also significantly contribute to the polyethylene terephthalate (PET) compounding market development. In the automotive industry, PET compounds are deployed to augment the strength and durability of several components. The electrical and electronics sector utilises PET for its superior electrical insulating properties, a crucial element in the production of various devices. Moreover, the chemical resistance and flexibility of PET compounds make them an indispensable resource in the packaging sector.
Additionally, the soaring demand for sustainable and recyclable materials across sectors has fostered increased attention towards PET as a viable substitute. With the rise in environmental consciousness and the burgeoning popularity of the circular economy concept, PET has emerged as a pivotal material in the development of eco-friendly products, thereby fuelling the polyethylene terephthalate (PET) compounding market expansion.
Compounding items made of polyethylene terephthalate are an excellent substitute to glass since they do not break or sustain any damage, making them a safer choice for product storage. In addition to being extremely recyclable, it is a favoured alternative to single-use plastics, thus propelling the polyethylene terephthalate (PET) compounding market growth.
Market Segmentation
The market can be divided based on application and region.
Market Breakup by Application
- Packaging
- Industrial Machinery
- Electrical and Electronics
- Automotive
- Construction
- Material Handling
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global polyethylene terephthalate (PET) compounding companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- BASF SE
- SABIC
- RTP Company
- Polyvisions Inc
- DuPont de Nemours, Inc.
- Others
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
- 1 Preface
- 2 Report Coverage – Key Segmentation and Scope
- 3 Report Description
- 3.1 Market Definition and Outlook
- 3.2 Properties and Applications
- 3.3 Market Analysis
- 3.4 Key Players
- 4 Key Assumptions
- 5 Executive Summary
- 5.1 Overview
- 5.2 Key Drivers
- 5.3 Key Developments
- 5.4 Competitive Structure
- 5.5 Key Industrial Trends
- 6 Market Snapshot
- 6.1 Global
- 6.2 Regional
- 7 Industry Opportunities and Challenges
- 8 Global Polyethylene Terephthalate (PET) Compounding Market Analysis
- 8.1 Key Industry Highlights
- 8.2 Global Polyethylene Terephthalate (PET) Compounding Historical Market (2018-2022)
- 8.3 Global Polyethylene Terephthalate (PET) Compounding Market Forecast (2023-2028)
- 8.4 Global Polyethylene Terephthalate (PET) Compounding Market by Application
- 8.4.1 Packaging
- 8.4.1.1 Market Share
- 8.4.1.2 Historical Trend (2018-2022)
- 8.4.1.3 Forecast Trend (2023-2028)
- 8.4.2 Industrial Machinery
- 8.4.2.1 Market Share
- 8.4.2.2 Historical Trend (2018-2022)
- 8.4.2.3 Forecast Trend (2023-2028)
- 8.4.3 Electrical and Electronics
- 8.4.3.1 Market Share
- 8.4.3.2 Historical Trend (2018-2022)
- 8.4.3.3 Forecast Trend (2023-2028)
- 8.4.4 Automotive
- 8.4.4.1 Market Share
- 8.4.4.2 Historical Trend (2018-2022)
- 8.4.4.3 Forecast Trend (2023-2028)
- 8.4.5 Construction
- 8.4.5.1 Market Share
- 8.4.5.2 Historical Trend (2018-2022)
- 8.4.5.3 Forecast Trend (2023-2028)
- 8.4.6 Material Handling
- 8.4.6.1 Market Share
- 8.4.6.2 Historical Trend (2018-2022)
- 8.4.6.3 Forecast Trend (2023-2028)
- 8.4.7 Others
- 8.5 Global Polyethylene Terephthalate (PET) Compounding Market by Region
- 8.5.1 Market Share
- 8.5.1.1 North America
- 8.5.1.2 Europe
- 8.5.1.3 Asia Pacific
- 8.5.1.4 Latin America
- 8.5.1.5 Middle East and Africa
- 9 Regional Analysis
- 9.1 North America
- 9.1.1 Historical Trend (2018-2022)
- 9.1.2 Forecast Trend (2023-2028)
- 9.1.3 Breakup by Country
- 9.1.3.1 United States of America
- 9.1.3.2 Canada
- 9.2 Europe
- 9.2.1 Historical Trend (2018-2022)
- 9.2.2 Forecast Trend (2023-2028)
- 9.2.3 Breakup by Country
- 9.2.3.1 United Kingdom
- 9.2.3.2 Germany
- 9.2.3.3 France
- 9.2.3.4 Italy
- 9.2.3.5 Others
- 9.3 Asia Pacific
- 9.3.1 Historical Trend (2018-2022)
- 9.3.2 Forecast Trend (2023-2028)
- 9.3.3 Breakup by Country
- 9.3.3.1 China
- 9.3.3.2 Japan
- 9.3.3.3 India
- 9.3.3.4 ASEAN
- 9.3.3.5 Australia
- 9.3.3.6 Others
- 9.4 Latin America
- 9.4.1 Historical Trend (2018-2022)
- 9.4.2 Forecast Trend (2023-2028)
- 9.4.3 Breakup by Country
- 9.4.3.1 Brazil
- 9.4.3.2 Argentina
- 9.4.3.3 Mexico
- 9.4.3.4 Others
- 9.5 Middle East and Africa
- 9.5.1 Historical Trend (2018-2022)
- 9.5.2 Forecast Trend (2023-2028)
- 9.5.3 Breakup by Country
- 9.5.3.1 Saudi Arabia
- 9.5.3.2 United Arab Emirates
- 9.5.3.3 Nigeria
- 9.5.3.4 South Africa
- 9.5.3.5 Others
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Value Chain Analysis
- 12 Competitive Landscape
- 12.1 Market Structure
- 12.2 Company Profiles
- 12.2.1 BASF SE
- 12.2.1.1 Company Overview
- 12.2.1.2 Product Portfolio
- 12.2.1.3 Demographic Reach and Achievements
- 12.2.1.4 Certifications
- 12.2.2 SABIC
- 12.2.2.1 Company Overview
- 12.2.2.2 Product Portfolio
- 12.2.2.3 Demographic Reach and Achievements
- 12.2.2.4 Certifications
- 12.2.3 RTP Company
- 12.2.3.1 Company Overview
- 12.2.3.2 Product Portfolio
- 12.2.3.3 Demographic Reach and Achievements
- 12.2.3.4 Certifications
- 12.2.4 Polyvisions Inc
- 12.2.4.1 Company Overview
- 12.2.4.2 Product Portfolio
- 12.2.4.3 Demographic Reach and Achievements
- 12.2.4.4 Certifications
- 12.2.5 DuPont de Nemours, Inc.
- 12.2.5.1 Company Overview
- 12.2.5.2 Product Portfolio
- 12.2.5.3 Demographic Reach and Achievements
- 12.2.5.4 Certifications
- 12.2.6 Others
- 13 Industry Events and Developments
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook