Global Amorphous Polyethylene Terapthalate Market: Overview
Polyethylene terapthalate (PET) is a thermoplastic polymer resin of the polyesters and is used in liquid containers, drinks, packaging and synthetic fibers. PET may exist both as amorphous and as semi-crystalline, depending on its thermal and processing conditions. PET may appear opaque, white and transparent depending on its crystalline and amorphous structure. Amorphous Polyethylene terapthalate (APET) is majorly used in packaging due to moisture and water barrier capability and moreover, the polymer can be recycled. APET is mostly preferred thermoplastic as it possesses clear appearance, low flavor absorption, high strength and low price. APET also acts as an effective barrier to nitrogen, carbon dioxide, and oxygen.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Amorphous Polyethylene Terapthalate Market: Growth Factors
A considerable augment in the demand and popularity for the usage of APET in food and beverage industries for packaging is one of the major factor responsible for the growth of the APET market. Growing application of APET due to its physical properties like lightweight, optical clarity, inertness, and high strength along with increasing popularity of ready to eat food products, changing lifestyle and changing food habits, increased use of capsule and tablet packaging, are fuelling the growth of the APET market further.
However, the changing environmental rules and regulations in different countries across the globe and volatility in the costs of raw materials are hindrances in the expansion of the APET market. Replacement of the traditional packaging in coming years can be one of the major growth factor resulting in an increased use of APET.
Global Amorphous Polyethylene Terapthalate Market: Segmentation
Global Amorphous Polyethylene terapthalate Market is segmented into applications, packaging, end users, grade, and regions. In terms of applications, the global APET market is bifurcated into Bottles, Films or Sheets, Packaging and others. Under packaging, the APET market is further divided into food and non-food packaging. Food packaging includes confectionery, dairy products, soft drink bottles and others. Non- food packaging includes personal care & cosmetic articles, luxury gifts, and others. Amongst which the bottles and the food packaging segment is expected to grow the largest and dominate the market due to its low flavor absorption properties and effective barrier system resulting in demand for APET.
In terms of end-use industries, the global APET market is segmented into Pharmaceuticals, Foods and Beverages and others. In terms of grade, the global APET market is divided into virgin and recycled. Recycled grade plays an important role in food packaging.
Global Amorphous Polyethylene Terapthalate Market: Regional Analysis
North America constitutes the largest market share and the second largest global APET market closely followed by Europe. Due to the increasing demand from food and beverage industries along with pharmaceuticals and cosmetics in developed economies like Canada, U.S, UK, Germany, and others. Countries in the Middle East and Africa are likely to witness considerable growth due to market exploration in coming years.
In terms of region, Asia Pacific is anticipated to be the fastest growing region in the amorphous polyethylene terapthalate market owing to the demand by the end-user industries. Increasing use of the APET in food and beverage, textiles, automotive and electronic industries in the up-coming Asian countries like China, India, and Japan, has led to the faster expansion of the APET market.
Global Amorphous Polyethylene Terapthalate Market: Competitive Players
Some of the most important market players in the APET market are Reliance Industries Limited, Teijin Limited, Polisan Holding, M&G Chemicals, Covestro AG, JBF Industries Ltd., Nan Ya Plastics Corporation, DAK Americas, PlastiVerd, MPI Polyester Industries, Quadrant AG, Lotte Chemicals, Petro Polymer Shargh, Equipolymers, and Dhunseri Petrochem Limited, among others.
Global Amorphous Polyethylene Terapthalate Market: Regional Segment Analysis
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