USD 43.34 billion
Amorphous Polyethylene Terephthalate Market Size, Share, Growth Analysis, By Application(Packaging, Electronics, Automotive, Consumer Goods), By End-Use(Food and Beverage, Pharmaceuticals, Electrical and Electronics, Automotive), By Grade(Sheet Grade APET, Extruded Grade APET), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15B2114 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
93
|Figures:
76
Amorphous Polyethylene Terephthalate Market Insights
Amorphous Polyethylene Terephthalate Market size was valued at USD 46.59 Billion in 2023 and is poised to grow from USD 50.08 Billion in 2024 to USD 89.32 Billion by 2032, growing at a CAGR of 7.5% during the forecast period (2025-2032).
With factors in the packaging, electronics and automotive industries affecting APET consumption, the global Amorphous Polyethylene Terephthalate (APET) market has made a noteworthy impression over recent years.
Thermoplastic polymer APET is worth its weight in gold because of transparency, recyclability and multiple uses. You will find it everywhere you look among all fields of endeavor.
Growing packaging industry In the food and beverage industries, acetate copolymer is of particular interest for its transparency, barrier properties and recyclability.
On top of that, because the APET is electrically insulating, nature in the electronics industry has become more widely used manufacturing electronic components and devices.
The APET market depends heavily on fluctuating raw material prices, mainly in the petrochemical industry. APET manufacturers must comply with demanding environmental and safety legislation governing plastics and packaging materials.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Packaging
Fastest Growth
Electronics
Growth Rate
7.5% CAGR
Global Amorphous Polyethylene Terephthalate Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Amorphous Polyethylene Terephthalate Market Segmental Analysis
The global amorphous polyethylene terephthalate market is segmented into four major segments i.e. by application, grade, end-use industry, and region. Based on application, it is divided into packaging, electronics, automotive, consumer goods, and others. Based on end-use industry, it is bifurcated as food and beverage, pharmaceuticals, electrical and electronics, automotive, and others. Based on grade it is segregated into, sheet grade APET, extruded grade APET. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Analysis by Application
The packaging field will dominate the market, due to a large demand for APET in consumer goods packaging. The clarity, barrier properties and recyclability make it an ideal choice. It is particularly suited for the food and beverage industry. Its versatility in different types of packaging-bottles, sheets and film is one reason for its dominance. Its adaptability to different processing technologies like thermoforming and blow molding can make it used in a variety of packaging solutions.
Because APET has more and more applications as a major material in the manufacturing of electronic components and devices, this electronics segment is poised for rapid growth. Its high level of electrical insulation makes it ideal in this field. In ongoing developments in electronics, materials require ever-enhanced properties. APET meets all the requirements and thus has been one of the major factors behind its rapid growth into applications for electronics components.
Analysis by Grade
Expected to dominate the market is Sheet grade APET, with its ubiquitous use in packaging applications. The clarity and formability of boron trifluoride make it the preferred choice for transparent packaging materials such as trays, containers or blister packs in production. APET's important position in the packaging of consumer goods, particularly food and beverages, partly explains why Sheet Grade APET is so prominent. Its properties are consistent with the demands for clarity and cleanliness in food packaging.
The biggest growth driver for extruded grade APET will be applications in the production of films. These films are widely employed for flexible packaging, laminates and labels in fields from food packaging to electronics. In these applications a fine blend of transparency and flexibility is necessary. As industries from food to pharmaceuticals move toward flexible packaging on a global scale, demand for Extruded Grade APET rockets. It combines barrier properties and flexibility, which meets the changing likes in packaging.
Global Amorphous Polyethylene Terephthalate Market By Application
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Amorphous Polyethylene Terephthalate Market Regional Insights
Rapid industrialization and urbanization in the Asia-Pacific will dominate the APET market. The rapidly developing economies of the region, especially China and India, supply a greater volume of customers for APET in applications as diverse as packaging materials and electronics. The increasing disposable income of Asian-Pacific inhabitants and changing consumer lifestyles are the major factors driving demand for packaged goods. This in turn boosts the APET market. The hegemony is especially evident in packaging, which must be transparent, aseptic and recyclable.
Infrastructure development projects will also result in the MEA region becoming the fastest market for APET. APET applications include insulation materials and construction components, which come into being as a result of the industry's growth in the construction sector. As consumers become more concerned about sustainable packaging and materials, there is rising demand for APET in the region. Eco-consciousness is spurring even faster growth in APET consumption, particularly for packaging applications.
Global Amorphous Polyethylene Terephthalate Market By Region
- Largest
- Fastest
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Amorphous Polyethylene Terephthalate Market Dynamics
Drivers
Increasing Demand for Recyclable Packaging Solutions
- The ever-growing need for environmentally friendly and recyclable packaging across all sectors. Also known for its clearness, thermal stability and recyclability, APET enables manufacturers to minimize their environmental impact. And the increasing food and beverage industry combined with consumers 'concern for clear, clean packaging further boosts demand in APET. There are also other factors, such as the multiple industrial applications of this material in everything from electronics to automotive, due to its electrical insulating properties. All these help push overall development of the global APET market upwards.
Restraints
High Volatility in Raw Material Prices
- Volatile prices for raw materials, especially in the petrochemical industry (oil derivatives), which are used as inputs to production by APET manufacturers. Fluctuating prices also make it difficult to maintain both cost-effectiveness and stable profit margins. But another restraint is related to the specific regulatory landscape. Strict environmental regulations and standards with respect to plastics and packaging materials require compliance measures, which will affect production processes or even limit some applications of APET.
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Amorphous Polyethylene Terephthalate Market Competitive Landscape
Dynamic and competitive interactions among major players for market share characterize the Amorphous Polyethylene Terephthalate business field. Even the existing companies within the sector are actively researching and developing, trying to find better ways of manufacturing APET. This helps them strengthen their competitive edge. Other methods of expanding product portfolios and strengthening their global market position include strategic alliances, mergers and acquisitions. In the market, too there is a focus on sustainable measures. Faced with growing preference for sustainability among consumers and strict environmental regulations, companies invest in eco-friendly products to catch up with these trends.
Top Player’s Company Profiles
- Indorama Ventures Public Company Limited (Thailand)
- Far Eastern New Century Corporation (Taiwan)
- DAK Americas LLC (USA)
- JBF Industries Ltd. (India)
- Reliance Industries Limited (India)
- Sinopec Yizheng Chemical Fibre Company Limited (China)
- Covestro AG (Germany)
- Jiangsu Sanfangxiang Group Co., Ltd. (China)
- M.G. Chemicals (India)
- Quadrant AG (Switzerland)
- Lotte Chemical Corporation (South Korea)
- MPI Polyester Industries (Indonesia)
- Polyplastics Co., Ltd. (Japan)
- Octal (UAE)
- Zhejiang Zhink Group Co., Ltd. (China)
- Selenis (USA)
- Petro Polymer Shargh (Iran)
- ALPET (Turkey)
- Kolon Industries Inc. (South Korea)
- Teijin Limited (Japan)
Recent Developments
- In September 2023, the leading global sustainable chemical company Indorama Ventures Public Company Limited proudly announced the successful recycling of 100 billion post-consumer PET bottles.
- In June 2023, Taiwan's leading manufacturer of recycled polyester materials, Far Eastern New Century Corporation (FENC), made the circular economy its mission. Each year FENC finds ways to reuse more than 20 billion used PET bottles for new applications.
- In June 2023, The first PET biorecycling plant in the world will be built in France owing to a non-binding Memorandum of Understanding (MOU) signed by Indorama Ventures Public Company Limited (IVL) (Bloomberg ticker IVL.TB), a global producer of sustainable chemicals, and Carbios (Euronext Growth Paris: ALCRB), a biotech company that develops and industrializes biological solutions to reinvent the life cycle of plastic and textiles.
Amorphous Polyethylene Terephthalate Key Market Trends
Rising Emphasis on Sustainability in Packaging Solutions
- The changing direction of packing solutions, following the worldwide trend towards environmentally friendly materials. As the demand for packaging that is both recyclable and safe for the environment grows, APET becomes a preferred choice. A future trend is that technological progress in the manufacture of APET will increase its properties and broaden its application range. Moreover, there is a discernible surge in demand for APET in the electronics sector, driven by its electrical insulating properties, indicating the material's diversification into emerging markets.
Amorphous Polyethylene Terephthalate Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the analysis of the global amorphous polyethylene terephthalate market, it can be seen that this is a legal environment. The market is driven by growing demand for sustainable and recyclable packaging solutions, especially in the food and beverage industry. But volatile raw material prices and severe regulation standards are obstacles. In terms of product, sheet grade APET is king thanks to its versatility in packaging formats. Fueled by rapid industrialization, Asia-Pacific accounts for the world's largest market share. These are key trends. They include adopting a more sustainable approach and technology upgrading, which together constitute an ongoing transformation of the market; meanwhile alliances between industry players determine its competitive structure.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 43.34 billion |
| Market size value in 2031 | USD 83.09 billion |
| Growth Rate | 7.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Amorphous Polyethylene Terephthalate Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Amorphous Polyethylene Terephthalate Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Amorphous Polyethylene Terephthalate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Amorphous Polyethylene Terephthalate Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Amorphous Polyethylene Terephthalate Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Amorphous Polyethylene Terephthalate Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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