"The Report Global
Polyethylene Terephthalate Market 2017-2021 provides information on
pricing, market analysis, shares, forecast, and company profiles for
key industry participants. - MarketResearchReports.biz"
MarketResearchReports.biz has
recently added the report titled, “Global
Polyethylene Terephthalate Market 2017-2021”
to its offering. The report evaluates the key growth opportunities,
trends, growth drivers, and restraints prevailing in the market. It
also includes detailed discussions on value chain analysis,
competitive landscape, market attractiveness, and supply and demand
dynamics.
The report leverages Porter’s
Five Force analysis in order to gauge the level of competition
between the key market players. The market shares and product
portfolios of the major companies operating in the global
polyethylene terephthalate market have also been covered in the
report.
The global polyethylene
terephthalate market is primarily driven by the increasing demand for
recyclable and sustainable material. As a material used in packaging,
polyethylene terephthalate boasts advantages such as strength,
recyclability, and versatility. As a result, an increasing number of
vendors have been preferring this material. The growth prospects are
slated to expand further as demand from numerous application
industries such as food and beverage, automotive, and electronics
increases.
Moreover, polyethylene
terephthalate utilizes lesser space to accommodate more quantity of
products, apart from reducing the overall weight of the package. As
these properties bring down the costs of transportation and handling
to a significant extent, the market for polyethylene terephthalate is
expected to soar.
Polyethylene terephthalate,
being a petroleum-based product, causes less harm to the environment
than glass, aluminum, and other packaging materials. The emergence of
bio-based polyethylene terephthalate products is expected to present
substantial opportunities over the forecast period.
Based on geography, the global
market for polyethylene terephthalate has been segmented into Europe,
the Middle East, and Africa (EMEA), the Americas, and APAC. The APAC
accounted for the maximum share in the global market in 2016. This
region is expected to retain its prominence over the next few years
due to the escalating demand for packaging in the carbonated soft
drinks and alcoholic drinks industries.
Increasing beverage consumption
in India and China is an important growth driver for the global
polyethylene terephthalate market. India’s vast population base,
growing demand for packaged goods, and large-scale industrial
development have been driving the market in this region. The market
in China is expected to contribute significantly to the growth of
APAC due to the low costs of operation coupled with extended
production capacities. Apart from these regions, Russia and Brazil
are poised for significant growth.
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http://www.marketresearchreports.biz/pressrelease/3727
Some of the major companies
operating in the global polyethylene terephthalate market are FENC,
SABIC, Jiangsu Sanfangxiang, DuPont, M&G Chemicals, Indorama
Ventures, NEOGROUP, DAK Americas, Seda De Barcelona, Covestro, and
Quadrant.
The market for polyethylene
terephthalate appears to be somewhat fragmented in terms of
competition, owing to the existence of a number of market players on
global as well as regional levels. Product development has been one
of the major areas of focus among the leading market players.
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