Albany, NY -- (SBWire) -- 05/04/2015 --Transparency Market Research recently published a report according to which the global polyethylene terephthalate (PET) market is poised to register exponential growth at a 9.6% CAGR between 2011 and 2016. This 70-page report is titled "Global Polyethylene Terephthalate Value Chain Market Analysis - Industry Analysis, Market Size, Share, Trends, Growth And Forecast, 2010 - 2016". As per the findings of the report, the global market for PET, which stood at US$23.3 billion in 2010, is expected to reach US$48.4 billion in 2016. The analysts have compiled this report comprehensively with the intent of providing a 360-degree overview of the global PET market. Based on information obtained from primary and secondary resources, the report studies the market in detail. It enumerates in its several chapters the present market dynamics, growth parameters, major challenges, business opportunities, and competitive landscape.
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Geography-wise, the global market for PET is segmented into North America, Europe, Asia Pacific, and Rest of the World. Of these segments, Asia Pacific is anticipated to hold on to its lead position in the PET market in terms of volume demanded during the forecast period. According to the report, demand for PET in Asia Pacific is projected to surpass 7,000 kilo tons by 2016. Over the same period, PET demand in North America and Europe will grow at a 3.7% CAGR and 3.6% CAGR, respectively. As observed in the report, the demand from the global PET market is primarily driven by factors such as increasing use of PET in CSD (carbonated soft drinks) packaging as well as increasing consumption of frozen, packaged, and processed food. On the basis of application, PET is widely used in the packaging of bottled water and CSD, hot or alcoholic beverages, sheet/film, and food. CSDs and bottled water collectively accounted for 65.05% of the total pet demand registered in 2010.
The value chain market for PET has been segmented under two broad categories, namely ethylene and polyethylene terephthalate (PET). A study conducted through the last decade revealed that demand for PET has significantly risen owing to the escalating demand from the food and beverages industry. Meanwhile, on the basis of application, the ethylene market can be segmented into ethylene oxide, polyethylene, ethyl benzene, and ethylene dichloride. The report estimates that the global ethylene market, which was valued at US$140.4 billion in 2010, is projected to reach US$254.5 billion by the end of 2016.
Browse the full Global Polyethylene Terephthalate (PET) Value Chain Market Analysis (Ethylene, PET, PET Packaging) - Industry Analysis, Market Size, Share, Trends, Growth And Forecast, 2010 - 2016 report at http://www.transparencymarketresearch.com/pet-polyethylene-terephthalate-and-pet-packaging-market.html
The market will exhibit a positive compound annual growth rate. However, stringent environmental regulations imposed by governments are likely to hamper growth of the market to an extent. Nevertheless, as discussed already, high demand for PET and ethylene from Asia Pacific and the continuous growth showcased by this regional market over the forecast horizon will create substantial opportunities for leading vendors in the market. The research is designed with the aim of evaluating the overall performance of the PET and ethylene market in the global scenario.
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Polyethylene Terephthalate (PET) Value Chain Market Will Grow Exponentially Owing to High Demand from Asia Pacific : TMR
Global Polyethylene Terephthalate (PET) Value Chain Market Analysis (Ethylene, PET, PET Packaging) - Industry Analysis, Market Size, Share, Trends, Growth And Forecast, 2010 - 2016