MRO Magazine

Europe Polyethylene Teraphtalate (PET) Market – Key Drivers are Population Growth, Rise in Disposable Income & Urbanization in Developing Economies – Research and Markets


January 29, 2016
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/8zhvh2/europe) has announced the addition of the “Europe Polyethylene Teraphtalate (PET) Market – Trends and Forecasts (2015-2020)” report to their offering.

The replacement of traditional packaging applications and reduced atmospheric emissions are the reasons for increase in the demand of Polyethylene Terephthalate (PET) market.

Germany is the leading country in terms of consumption in the European region, due to the increased demand from the automotive and electrical & electronic industries. About 72% of the PET resin demand was from the bottle application, driven by the beverage bottles for mineral water, carbonated soft drinks, ready to drink tea, and functional, dairy, and energy drinks. It is expected that light weight PET bottle trend will continue in future as it is a cost saving measure.

The key drivers of PET industry are population growth, rise in disposable income, urbanization in developing economies, and growing fast moving consumer goods, and restraint such as being a capital and technology intensive industry. Demand for PET is rising with polyester and food and beverages industries determining market behavior.

The market is and will be characterized by excessive capacity bringing it to oversupply. The influence of PET performs sector is decreasing as packaging industry witnesses change to lighter-weighted bottles and carbonated drinks consumption decline (especially in North America), besides the share of recycled material application is growing.

Companies Mentioned:

  • BASF SE
  • Sabic
  • The Dow Chemical Co.
  • DuPont
  • Toray
  • Indorama Ventures
  • Alpek
  • M&G Chemicals
  • Jiangsu Sanfangxiang Group
  • Far Eastern New Century

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Polyethylene Teraphtalate Market

4. Market Dynamics

5. Market Segmentation and Analysis

6. Europe Market Analysis

7. Competitive Landscape

8. Company Profiles

For more information visit http://www.researchandmarkets.com/research/8zhvh2/europe

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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