Global Polyethylene Terephthalate Compounding Market Analysis, Share, Trends and Forecast by 2024 – Market Research report 2016

“orbisresearch” has published new research report on “Polyethylene Terephthalate (PET) Compounding Market Analysis By Application (Packaging, Electrical and Electronics, Industrial Machinery, Automotive, Construction, Material Handling) And Segment Forecasts To 2024” to its database.

The global polyethylene terephthalate (PET) compounding market is expected to reach USD 7.82 billion by 2024, according to a new report by Grand View Research, Inc. Rising polymer demand in end-use industries such as packaging, automotive, electrical & electronics and constructions is expected to remain a key driving force for PET compounding market growth.

Strong demand for PET bottles coupled with growing packaged food & beverage industry in emerging economies of Asia Pacific and Latin America such as China, India, Mexico, and Brazil are anticipated to fuel industry growth significantly.

Browse the report:

Regulatory agencies to reduce Green House Gas (GHG) emissions by means of vehicular weight reduction and fuel efficiency improvements have formulated policies and guidelines. Automotive manufacturers & OEMs in order to meet these regulations have adopted plastics as a replacement for metals such as aluminum and steel.

Packaging accounted for over 55% of overall market volume in 2015. Growth in packaging industry can be attributed to the suitability of PET compounds to meet customer requirements with more durable, lightweight and corrosion-resistant parts.

Further key findings from the study suggest:

The global polyethylene terephthalate (PET) compoundingmarket demand was over 2,000 kilo tons in 2014 and is expected to exceed 3,500 kilo tons by 2024, growing at a CAGR of 6.9% from 2016 to 2024.

Request a sample of the report:

Increasing substitution for glass, metals, wood, natural rubber and man-made materials by PET is driving the global market.

Developing recycling processes that utilize lesser input in terms of fluids, energy, and machinery is crucial for production improvisation.

Government regulations restricting petrochemical derived polymers consumption in applications such as food packaging, and medical devices are expected to further boost bio-based PET production.

Buy the report@

China accounted for nearly half of the Asia Pacific compounding volume in 2015. The country is characterized by high demand for PET compounds in packaging & electronic applications.

BASF and Avantium Dutch technology firm formed a joint venture company to focus on polyethylene furanoate (PEF) and furandicarboxylic acid (FDCA), a bio-based polymer to replace polyethylene terephthalate.

Polyethylene terephthalate (PET) compounding market is highly fragmented among multinational players and small domestic companies.

Key industry participants in the market include Dow Chemical Company, RTP Company, SABIC, LyondellBasell, BASF SE, DuPont, SRF Plastics, A. Schulman, Polyvisions, Covestro, Washington Penn Plastics and PET Processors LLC.

Major points From table Of Contents:

Chapter One: Methodology and Scope

Chapter Two: Executive Summary

Chapter Three: PET Compounding Industry Outlook

Chapter Four: PET Compounding Application Outlook

Chapter Five: PET Compounding Regional Outlook

Chapter Six: Competitive Landscape

About Us:

Orbis Research ( is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Media Contact
Company Name: Orbis Research
Contact Person: Hector Costello
Phone: +1 (214) 884-6817
Address:4144N Central Expressway, Suite 600
City: Dallas
State: Texas
Country: United States