Amorphous Polyethylene Terephthalate Market 2019 Global Trends, Size, Opportunities, Sales Revenue, Emerging Technologies, Industry Growth and Regional Study by Forecast to 2023

“Amorphous Polyethylene Terephthalate Market 2023”
amorphous polyethylene terephthalate from the food & beverage industry is the major driver of the global amorphous polyethylene terephthalate market.

Market Overview

Amorphous polyethylene terephthalate (APET) is a polyester used for packaging with high impact resistance, superior clarity, lightweight nature, high tensile strength, and recyclability. Among the additives segment, the bottles accounted for major market share in 2016 owing to the packaging of various products such as tea, coffee, mineral water, and carbonated drinks. The chain extenders additive type is highly consumed to enhnace the amorphous polyethylene terephthalate properties due to the lower system costs, faster reaction, and more flexibility. The extensive use of the product in the food & beverage industry for packaging and storage of beverages is projected to propel the market growth during the forecast period. Moreover, it is used for tablet and capsule packaging, which is projected to fuel the market growth further. The gear housings, seats & engine covers, and wipers for the automotive are manufactured using the product, thereby, the demand for the product is increasing from the automotive sector.

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Key Players

  • JBF Industries Ltd.
  • Reliance Industries Limited
  • China Petroleum & Chemical Corporation
  • Jiangsu Sanfangxiang Group Co., Ltd.
  • M&G Chemicals
  • Petro Polymer Shargh
  • the Quadrant group of companies
  • LOTTE Chemical CORPORATION
  • Polisan Holding
  • TEIJIN LIMITED
  • Equipolymers
  • Alpek Polyester

Market Segmentation:

The global amorphous polyethylene terephthalate market is segmented by additives, application, end-use industry, and region.

On the basis of the additives, it is segmented into chain extenders, nucleating agents, solid stating accelerators, nucleating agents, impact modifiers, and others.

Based on the applications, the global market is segmented into bottles, packaging, gear housings, seats & engine covers, and others.

By end-use industries, the market is segmented into food & beverage, pharmaceuticals, automotive, textiles, electronics & electrical, and others.

Regional Analysis

The global amorphous polyethylene terephthalate market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific accounted for a major market share in the global amorphous polyethylene terephthalate market in 2016 owing to the high demand from major end-use industries such as food & beverage, automotive, electronics, and textiles in this region. This growth is attributed to the expanding packaging industry in countries such as China, India, and Japan.

North America was the second largest region in the global amorphous polyethylene terephthalate market on account of the high demand from the food & beverage industries in the U.S. and Canada. High penetration of the APET in cosmetics, personal care products, and pharmaceuticals is another major driver of the market in the region.

Europe is expected to showcase a significant growth due to the extensive use of the product in various end-use industries such as pharmaceuticals, automotive, and electrical & electronics in the region.

The shifting trends towards the processed food consumption and growing automotive industry are anticipated to drive the market growth in Latin America.

The Middle East & Africa region is projected to witness a considerable growth over the assessment period on the backdrop of the expanding yet untapped market exploration.

Intended Audience

  • Amorphous polyethylene terephthalate Manufacturers
  • Traders and distributors of amorphous polyethylene terephthalate
  • Research and development institutes
  • Potential investors
  • Raw material suppliers
  • Nationalized laboratory

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