In 2016, the PET polymer Market was 23891; In 2023, the value of this global market is expected to reach $ 38014 million. In addition, the polyethylene terephthalate market is expected to record a CAGR of 6.9% over 7 years, from 2017 to 2023. This polymer is known as a lightweight, non-toxic, durable, safe, and flexible material. It is interesting to know that PET is 100% recyclable. But recycling this material is difficult and costly. This material also has various uses; For example, packaging of food and beverages, production of sheets and films, production of consumer goods, construction, and production of auto parts. In the continuation of this PETROPROVIDERS article, join us to introduce you to the PET polymer Market.

Very important factors in PET polymer Market

Increasing worldwide demand for polyethylene terephthalate products such as bottles, fresh and frozen food packaging, as well as increasing demand for increased production of industrial materials, is also increasing the PET polymer market. One of the most important growth factors in global industries is good and appropriate sales and constant customer demand.

PET packaging

PET packaging

In general, PET polymer Market is divided according to material consumption, applications, and geographical area. In the consumer sector, there are various industries such as the automotive industry, food industry, construction industry, and electronics. In the applications sector, there is the production of bottles, packaging of food and beverages, auto and aircraft parts, electronic products, and fabrics. There are also markets in Europe, Asia, North America, and LAMEA.

We know that packaging with PET products is one of the best uses of this material. It should be noted that the use of these environmentally friendly materials increases demand worldwide and ultimately, leads to the growth of the PET polymer market.

Consumer consumption of beverage containers is also increasing. We know that different drinks are produced all over the world and each of them has many fans. If PET bottles are well designed, they can have a huge impact on product sales.

The use of PET in the electrical and electronics industries will increase the demand for this material! Because this material is lightweight and has special properties and has led to many advances in the automotive and electronics sectors.

With the increase of production standards and consumption of polyethylene terephthalate, we can hope for further growth of the PET polymer Market! In this regard, if we want to see more growth in the market of polyethylene terephthalate, we must see whether new and more suitable methods are found to recycle this material.

Importance and goals of producing polyethylene terephthalate bottles

In general, the production and use of polyethylene terephthalate bottles are not just a bottle for drinking liquids! These bottles are resistant to water and moisture; So they can be used for packaging medicines, alcohol, edible oils, agricultural materials, cosmetics, and juices. It is interesting to know that many applications of this material cause more growth of PET polymer Market.

Recycling these bottles is also done for different purposes. These bottles are used as disinfectants. To do this, we fill the PET bottles with water. Then place it in the sun to be disinfected using ultraviolet rays. This feature of sun resistance in PET bottles is very popular.

Other features of this material include transparency in the light. This material is transparent and retains its transparency after use. The use of this substance in various industries improves visual performance in various sectors.

In India, this material is filled with soil and sand and used as a building material! It’s not interesting! Polyethylene terephthalate bottles have a very high impact resistance; These bottles are also used as building materials. It is interesting to know that this material is also more resistant than building bricks!

Another reason for the growth of the PET polymer Market is sound insulation! This material is sound-insulating and can do it well! Using these materials, you can insulate the building well to get rid of noise and moisture!

In Saudi Arabia, this material has attracted many investors! Therefore, it can be concluded that in the coming years, the PET polymer Market in Saudi Arabia will grow well! Due to the large capital of this country, it is expected that the market for this substance in the coming years will owe part of its share to Saudi Arabia!

In 2019, Pan-Asia PET Resin (Guangzhou) was one of the most important companies in the production of polymeric materials. The company, with a production of 3.9 billion SAR, gained a good lead among polymer manufacturers. The company has also invested in the production of PET resins and is increasing the production of bottles annually.

producing polyethylene terephthalate bottles

producing polyethylene terephthalate bottles

Given the above, we know that the growth of the PET polymer Market, like the growth of other important market segments, requires more effort and production, and purchase! In this regard, simpler, safer, and more efficient processes must be discovered. These processes lead to more and healthier production of polyethylene terephthalate. Final products will also increase consumer demand.

Investigating the geographical factor in the production and sale of polyethylene terephthalate

In 2016, 30% of PET market revenue came from Asian countries! This shows that these countries have done a lot of planning for both the production and recycling of this material. After the injury, European countries are in second place. After that, North America came in next.

Due to the increasing production and sales of PET, this material is expected to grow more worldwide. In this regard, huge investments have been made in the sale of this material. We know that if a substance has more demand, it will have more production. This will also increase the market further.

A summary of the PET polymer Market review

In this article, we examine the PET polymer Market. We saw that various factors affect the growth of this market. We have seen that this market has declined slightly since 2017, but in general, compared to a few years ago, it has had a lot of growth.

It should be noted that if we consider the geographical area to study the PET polymer market, Asian countries have had the highest production of this material and its market in recent years. Then there are Europe and North America. It is interesting to know that consumers also have a large share in the growth of this market. The type of polymer produced will also increase demand. In this regard, using a variety of effective production methods with high efficiency of PET, you can improve the purchase conditions and reduce the cost of purchasing Iran Polyethylene terephthalate.

What is your opinion about PET polymer Market? Will this market grow? Can the use of methods to increase the sales of this polymer play a role in the growth of its market? Can a suitable alternative to polyethylene terephthalate be found in a few years?

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Why is the growth of the PET polymer Market important?

Due to the progress of science, increasing the production efficiency and sales of polymeric materials are very important; So the growth of the market for the sale of polyethylene terephthalate is also very important.

Is the use of polyethylene terephthalate harmful?

No! Just do not heat this material to more than 60 degrees Celsius.

Will the use of polyethylene terephthalate make its market grow more?

Yes! One of the factors influencing the growth of the PET polymer market is its higher demand and purchase.

Yes! One of the factors influencing the growth of the PET polymer market is its higher demand and purchase.

To buy Iran PET, you can contact our specialists at PETROPROVIDERS.