MRO Magazine

Global Bio based Polyethylene Teraphthalate (PET) Market Worth $73.9 Billion by 2022 – Expected to Grow 29.9% – Research and Markets


June 29, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Global Bio based Polyethylene Teraphthalate (PET) Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 – 2022” report to their offering.

The global bio based polyethylene teraphthalate (PET) market is growing at the CAGR of 29.9% and will contribute $73900 billion till 2022.

The global bio based polyethylene teraphthalate (PET) market is sub segmented into applications and regional outlook. In application segment, market is divided into bottles, packaging, fibers, automotive, injection molding and others. Bottle and packaging segment dominates the application segment. The major rise in application of bio based PET is due to its lightweight and durable characteristic. PET is used as exterior as well as interior components of their automobiles which is expected to propel the bio-based PET application market growth over the forecast year.

Asia Pacific dominates the global bio based polyethylene Teraphthalate (PET) Market having around 35% of market shares, this dominance is expected to be in forecast year. India, China and Japan are the major countries in Asia Pacific region. Japanese government started an initiative related to green plastics; Japanese government has projected to target the consumption of around 20% of bio plastics by 2020. North America and European region have stringent rules and regulations towards standard PET usage, as it is harmful for the environment, which is boosting up the global bio based polyethylene teraphthalate (PET) market in these regions.

Rising crude oil prices is expected to boost the global bio-based polyethylene terephthalate (PET) market growth over the forecast year. Bio-based polyethylene teraphthalate is manufactured from bio based products such as bacteria, regenerated cellulose, cornstarch and other organic products. Presently, bio-based polyethylene teraphthalate contains around 35% bio-content.

Companies Mentioned:

  • Braskem
  • Coca-Cola
  • Gevo
  • Indorama Ventures
  • M&G Chemicals
  • Metabolix Inc
  • Natureworks
  • Novamont S.P.A
  • Pepsico
  • Plastipak Holdings Inc
  • Teijin Limited
  • Tianan Biologic Materials
  • Tianjin Greenbio Materials
  • Toray Industries Inc
  • Toyota Tsusho

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Geographical Analysis

6. Company Profiles

For more information visit http://www.researchandmarkets.com/research/mbj4hz/global_bio_based

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