The global amorphous polyethylene terephthalate market size was estimated at USD 41.4 billion in 2021 and is projected to reach USD 59.1 billion by 2026, at a CAGR of 7.4%, between 2021 and 2026. Amorphous polyethylene terephthalate is being increasingly used for packaging carbonated soft drinks (CSD), juices, and water; personal care products; and pharmaceuticals; among other products, due to superior mechanical and physical properties offered by it. It is used in various end-use industries, such as pharmaceuticals and food & beverage. The shifting of the manufacturing bases of various companies to the Asia Pacific region has also contributed to the increased demand for amorphous polyethylene terephthalate from this region, thereby fueling the growth of the global amorphous polyethylene terephthalate market. Bottles, films/sheets, and food packaging are major applications of amorphous polyethylene terephthalate.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=49340443
The key players in the amorphous polyethylene terephthalate market are Indorama Ventures Public Company Limited (Thailand), Alpek (Mexico), Jiangsu Sanfangxiang Group Co., Ltd. (China), Far Eastern New Century Corporation (Taiwan), and DAK Americas (US). The amorphous polyethylene terephthalate market report analyzes the key growth strategies adopted by the leading market players, between 2017 and 2021, which include expansions, mergers & acquisition, new product developments/launch, and collaborations.
Indorama Ventures Public Company Limited, based in Thailand, is one of the worlds largest petrochemicals producers, having production facilities throughout Africa, Asia Pacific, Europe, and the Americas. Integrated PET, Integrated Oxides and Derivatives, Fibers, Packaging, and Specialty Chemicals are all part of its offering. Indorama Ventures products are used in the beverage, hygiene, personal care, tire, and safety divisions of the Fast-Moving Consumer Goods (FMCG) and automotive industries. It has three business segments, namely, integrated oxides and derivatives; combined pet; and fibers. As of June 2021, it has a presence in 33 countries and owns 124 manufacturing facilities in 6 continents.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=49340443
Alpek is one of the leading petrochemical companies in the Americas and one of the largest integrated PTA and PET producers worldwide. Alpek thrives while leading by example on recycling and sustainability efforts necessary for a healthy environment and is uniquely positioned as a primary participant in the circular economy. Alpek leads comprehensive efforts to foster a fully circular lifecycle for PET and the rest of its products. The company has 32 manufacturing plants across seven countries, which comprises an installed capacity of 8.2 million tons.
Read Our Trending Press Release Below:
Ultra-High Molecular Weight Polyethylene Industry by Form (Sheets, Rods & Tubes, Fibers, Films, Tapes), End-Use Industry (Aerospace, Defense & Shipping, Healthcare & Medical, Mechanical Equipment, Consumer Goods), Region – Global Forecast to 2027
Ballistic Composites Industry by Fiber Type, Matrix Type (Polymer, Polymer-Ceramic, Metal), Product (Vehicle Armor, Body Armor, Helmet & Face Protection), Platform (Land, Airborne, Marine), Application and Region – Global Forecast to 2027
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/amorphous-polyethylene-terephthalate-market-49340443.html