Polyethylene Terephthalate (PET), also called PETE, is a type of engineering resin.
It is polymerized by pure terephthalic acid and ethylene glycol, and mainly used for fiber, food containers films and other injection molding.
It has good strength, thermo-stability, wear resistance and transparency.
Global Polyethylene Terephthalate (PET) key players include Indorama Ventures, Alpek, FENC, Since CR Chemicals and Zhejiang Hengyi, etc. Global top five manufacturers hold a share about 40%.
Asia is the largest market, with a share over 70%, followed by Europe and North America, both have a share over 20%.
In terms of product, Fiber Grade is the largest segment, with a share over 65%. And in terms of application, the largest application is Polyester Fiber, followed by Container, Film Products, etc.

Market Analysis and Insights: Global Polyethylene Terephthalate (PET) Market
The global Polyethylene Terephthalate (PET) market was valued at US$ 101480 million in 2020 and it is expected to reach US$ 132790 million by the end of 2027, growing at a CAGR of 3.9% during 2021-2027.

Global Polyethylene Terephthalate (PET) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Polyethylene Terephthalate (PET) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
PET Filament
PET Staple
PET Chips

Segment by Application
Clothing Fabric
Technical Textiles
Bottle Packaging Container
Automotive Decoration
Electronics & Electrical
Building and Construction
Others

By Company
Tongkun Group
Xin Feng Ming Group
Zhejiang Hengyi
Indorama Ventures
Alpek
FENC
Reliance Industries
Sheng Hong Group
Hengli Group
Billion Industrial
Rongsheng Petrochemical
Sanfangxiang Group
Sinopec Yizheng
Since CR Chemicals
JBF
Octal
NanYa
Wankai New Materials
Dhunseri Petrochem & Tea
SABIC
NEO GROUP
Lotte Chemical
Toray
KoKsan
Sibur (Polief)
Advansa

Production by Region
North America
Europe
China
China Taiwan
South Korea
India

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE