Market Overview

Amorphous polyethylene terephthalate (APET) is a polyester utilized for bundling with high effect opposition, predominant clearness, lightweight nature, high elasticity, and recyclability. Among the added substances fragment, the containers represented significant portion of the overall industry in 2016 attributable to the bundling of different items like tea, espresso, mineral water, and carbonated beverages. The chain extenders added substance type is exceptionally devoured to enhnace the amorphous polyethylene terephthalate properties because of the lower framework costs, quicker response, and greater adaptability. The broad utilization of the item in the food and drink industry for bundling and capacity of refreshments is projected to impel the market development during the gauge time frame. In addition, it is utilized for tablet and case bundling, which is projected to fuel the market development further. The stuff lodgings, seats and motor covers, and wipers for the auto are made utilizing the item, along these lines, the interest for the item is expanding from the car area.

Competitive Analysis

Some of the manufacturers operating in the global Amorphous Polyethylene Terephthalate Industry are JBF Industries Ltd. (India), Reliance Industries Limited (India), China Petroleum & Chemical Corporation (China), Covestro AG (Germany), Jiangsu Sanfangxiang Group Co., Ltd. (China), M&G Chemicals (Italy), Petro Polymer Shargh (Iran), the Quadrant group of companies (Switzerland), LOTTE Chemical CORPORATION (Korea), Polisan Holding (Turkey), TEIJIN LIMITED (Japan), Equipolymers (Germany), Alpek Polyester (U.S.), and others.

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Market Segmentation

The global Amorphous Polyethylene Terephthalate market is segmented on the basis of the additives, application, end-use industry, and region.

Based on the additives, the global amorphous polyethylene terephthalate market is segmented into chain extenders, nucleating agents, solid stating accelerators, nucleating agents, impact modifiers, and others.

On the basis of the application, the market is segmented into bottles, packaging, gear housings, seats & engine covers, and others.

The market is segmented on the basis of the end-use industries namely food and beverage, pharmaceuticals, automotive, textiles, electronics & electrical, and others.

Regional Analysis

The global amorphous polyethylene terephthalate market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The Asia Pacific was the largest region in the global market in 2016 owing to the high consumption of the product from the major end-use industries such as automotive, textiles, food & beverage, and others in Japan, India, and China.

The North American market was the second largest region in the global market on account of high penetration of the product in the food & beverage and pharmaceuticals industry coupled with the high disposable income in the U.S. and Canada.

The increasing product demand in Europe can be attributed to the reviving automotive sector and the regulations pertaining to the region for lightweight materials in automotive.

Latin America is expected to substantially grow on the backdrop of the growing automotive and the food & beverage industry in Mexico.



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