Ethylene Terephthalate by Type (Overview: Global Ethylene Terephthalate Consumption Value, Bottle Grade, Fiber Grade, Film Grade), by Application (Overview: Global Ethylene Terephthalate Consumption Value, Packaging, Textile Industry, Other), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
Ethylene terephthalate (ETP) is a widely used polymer in various industries, including packaging, textiles, and automotive. The global ETP market is projected to grow at a CAGR of 6.2% from 2025 to 2033, owing to increasing demand for packaged food and beverages, rising use in the textile industry, and expanding construction activities. The market is segmented based on type and application. The bottle grade segment holds the largest market share due to its extensive usage in packaging, while the fiber grade segment exhibits the fastest growth rate due to surging demand from the textile industry.
The leading ETP manufacturers include Indorama Ventures, Alpek, FENC, JBF, Octal, Since CR Chemicals, Zhejiang Hengyi, Sinopec Yizheng, Sanfangxiang Group, Rongsheng Petrochemical, Wankai New Materials, Dhunseri Ventures Limited, SABIC, Tongkun Group, NEO GROUP, Lotte Chemical, Nan Ya, KoKsan, Sibur, Eastman, SK Chemical, Selenis, Jiangsu Jinghong, Liaoyang Petrochemical. These companies are focused on expanding their production capacities, investing in research and development, and adopting sustainable production practices to meet the growing demand and gain competitive advantage.
The global ethylene terephthalate (PET) market is projected to reach USD 26.3 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. The increasing demand for PET in various end-use industries, such as packaging, textiles, and automotive, is driving the market's growth.
The packaging industry is the largest consumer of PET, accounting for over 60% of the global demand. The growing popularity of single-serve packaging and the rising demand for convenience food products are driving the demand for PET in this industry.
In the textiles industry, PET is used to produce synthetic fibers such as polyester. Polyester is a versatile and durable fiber that is used in a wide range of applications, including clothing, home furnishings, and industrial products. The growing demand for polyester is expected to drive the growth of the PET market in this industry.
Several factors are driving the growth of the ethylene terephthalate market, including:
The ethylene terephthalate market faces several challenges and restraints, including:
Key Regions:
Key Segments:
The ethylene terephthalate industry is expected to witness significant growth in the coming years due to the following factors:
Some of the leading players in the ethylene terephthalate market include:
This report provides a comprehensive overview of the ethylene terephthalate market, including key market trends, driving forces, challenges, and restraints. The report also includes a detailed analysis of the key regions and segments of the market.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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