Market Research Reports

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 De...

With the presence of a large pool of players, the   global polyethylene terephthalate (PET) market   exhibits a highly fragmented landscape, finds a research report by Transparency Market Research (TMR). The top five players, namely, Indorama Ventures, M & G Chemicals, Jiangsu Sanfanxiang, Octal, and DAK Americas, together could hold only 39% of the overall market in 2015. Over the forthcoming years, the competition within the market is likely to intensify due to the low switching costs and the presence of PET resin suppliers in a large number, reports the market study. According to the research report, the global polyethylene terephthalate (PET) market offered an opportunity worth US$23.73 bn in 2015. Analysts expect this market to expand at a 5.80% CAGR during the period from 2016 to 2024 and touch a value of US$39.16 bn by the end of the forecast period. In terms of volume, the market is likely to cross 34,077 kilo tons mark by 2024. The beverage packaging s...