Polyethylene terephthalate market- Wins high profit margins with 100% recyclable PET packaging

The global polyethylene terephthalate (PET) market has been predicted by Transparency Market Research (TMR) to bear a significantly fragmented characteristic due to the presence of several industry players. According to a market research publication penned by TMR, five companies, viz. DAK Americas, Octal, Jiangsu Sanfangxiang, M&G Chemicals, and Indorama Ventures, had secured an aggregate approximate share of only 39.0% in the recent 2015. In the next few years, the market could testify an intense level of competition due the enormous count of PET resin suppliers and low switching expenses.

As per the TMR report, the global PET market has been anticipated to earn around US$39.16 bn by 2024 from US$23.73 bn in 2015 at a 5.80% CAGR for the forecast timeframe 2016–2024. By application, beverages could remain as a dominant market for PET. By region, Asia Pacific has been foreseen to rise with a higher share, considering its over 35.0% share achieved in 2015.

Obtain Report Details @ http://www.transparencymarketresearch.com/pet-polyethylene-terephthalate-and-pet-packaging-market.html

Players operating in the global PET market have been expected to make continuous efforts to introduce new offerings for cementing their position with a handsome share in future. Furthermore, expansion could be a prime strategy adopted for achieving full chain margins, lowering operational expenses, and improving global capacity share. For instance, in 2015, Reliance Industries Ltd. (RIL) had publicized the commissioning of PET resin plant of 650 KTA capacity and purified terephthalic acid (PTA) capacity of 1,150 KTA in Gujarat. These plants could apparently be put to operation for preparing polyester plastic used in plastic bottles, foods and beverages, packaging, and clothing.

PET Packaging Replacing Traditional Glass Packaging Strengthens Market

The world PET market has been projected to exhibit a highly dynamic nature throughout the course of the forecast period. The growth of the market could be impacted positively with the latest trend of the replacement of conventional glass packaging with PET packaging. According to the authors of the report, the market could gain a telling impetus on the back of the high recyclability of PET. Products such as raincoats and carpets which do not require virgin PET have been forecasted to make the best use of the 100.0% recyclable property of PET packaging. Most of these packaging could be reused by manufacturers.

In this regard, companies have been envisaged to receive high profit margins in the coming years. Moreover, the demand for PET products could augment further, especially in emerging regions, ensuring a strong market growth in the near future.

Strict Government Regulations Pertaining to PET Application Break Momentum

The international PET market has been envisioned to face restrictions in its growth with the implementation of tight government regulations and intense volatility in the prices of crude oil.

However, there could be attractive business opportunities birthing from the surging demand for packaged food bolstered by the growing consumption of processed and frozen food. The demand for PET in the food and beverage sector on the part of carbonated soft drinks packaging has been prognosticated to bode well for the market. Factors such as eco-friendly substitution and the elevating demand for automotive and electronics applications could unveil new avenues for players. Besides these, strong economic growth, innovative packaging, and rapid urbanization have been prophesied to drive the growth of the market.

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Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

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