The polyethylene terephthalate market is one of the most important factors in the production of this material. In general, the use of polyethylene terephthalate in various industries improves the quality of final products. According to observations, the PET market in 2020 was projected to exceed 80 million. This amount will increase by 5% in the years 2021 to 2026. But this prediction was not accurate given the corona and quarantine epidemic; Because factory closures and unemployment of businesses and workers reduced the production of polymeric materials such as PET. In the continuation of this PETROPROVIDERS article, join us to introduce you to the polyethylene terephthalate market.

Interesting changes in global markets for PET

In the past, it was thought that the use of polyethylene terephthalate would increase day by day due to its extraordinary properties. But with the arrival of Coronavirus, the story was ruined! Initially, quarantines began and the production of various products such as electrical and electronic products, beverages, and food and consumer products ceased. When the factories closed, the workers became unemployed and the use of polymers was no longer needed as before!

Polyethylene terephthalate markets

Polyethylene terephthalate markets

During the Polyethylene terephthalate market story, it is interesting to note that the estimated number of uses of PET in 2020 decreased by about 17%. This number was supposed to reach 80 million PET in 2020, but due to the special circumstances that occurred, it was the same as in previous years. Car production in the first three seasons of 2020, has decreased by about 23%! We know that one of the most important applications of polyethylene terephthalate is its use in the automotive industry.

In 2021, due to the general vaccination in the world, the use of PET increased and is expected to reach the predicted number in 2020 in a few months. However, if it were not for Corona, perhaps the health of the planet and the environment would be in danger! So let’s love the current situation!

Why is the Polyethylene terephthalate market so important?

We know that the use of polyethylene terephthalate is very important worldwide; Therefore, the market for this chemical can also change the situation for other industries. The food and beverage industry, for example, has grown significantly in recent years, and as a result, the use of PET bottles has increased.

In addition, increasing the recycling and collection of polyethylene terephthalate bottles and containers has increased the efficiency of the production of this material. It is interesting to note that food consumption, food packaging production, food income, population growth, and the improvement of the Polyethylene terephthalate market have been higher in the Middle East and African countries.

According to these data, investments in the production of polymeric materials have also increased. In addition, due to the standards set for the production and use of polymeric materials such as PET, also increase the popularity of this material. It is important to know that the use of safe substances leads to the further growth of its production globally.

Use of better packaging for PET and its impact on the Polyethylene terephthalate market

Changes to become more beautiful are always good! Especially if it is more beautiful for products that are used daily around the world. Iran Polyethylene terephthalate production is one of the types of polymer products that are consumed in the country and exported all over the world.

It is interesting to know that the use of bottles has more than 50% of the market share of plastics! This is because it is safe to use PET bottles. Of course, it should be noted that the standards set by the FDA have also played a special role in the health of these polymers.

In general, its monomers are used to produce polymers. For example, to produce polystyrene, styrene monomers are used. For example, in GPPS and HIPS polystyrene grades, we see the use of styrene monomer and the use of different methods for molding and production of polystyrene.

We will see the same process in the production of polyethylene terephthalates for global markets. The difference is that here, we have ethylene terephthalate monomers that, when bonded together, form the polymer of polyethylene terephthalate!

Various reports have been registered about the Polyethylene terephthalate market!

PET granuleresin

PET granuleresin

In general, the production of polyethylene terephthalate is done in 15 countries around the world. These countries produce and then export this polymer. This year, most of the use of polyethylene terephthalates has been in the Middle East. In Asian countries, the use of these bottles has increased due to population growth.

Raw materials are used to produce PET; These materials combine under standard conditions to produce the final PET. These materials are:

  • Dimethyl terephthalate or DMT
  • Specific terephthalic acid or PTA
  • Monoethylene glycol or MEG

The produced polyethylene terephthalate resins enter the final reactions and final molding for processing into fibers, bottles, sheets, and films. In these processes, care must be taken that the use of these substances does not harm human health and the environment.

In addition to observing the standards during production, the standards of consumption of this material must also be observed. One of the ways to grow the Polyethylene terephthalate market is to use and recycle this material properly.

The polyethylene terephthalate market is classified according to geographical location, consumers, and product type. It should be noted that if the product is a bottle, it should be imported into the relevant industries and reach consumers.

It is interesting to know that using PET is not just for drinking and eating! If the polymer is used in the automotive industry, it must be imported directly into car factories to make the best materials.

The role of Coca-Cola in the production of polyethylene terephthalate bottles

We know that soda glass bottles cannot be used in various industries. These glasses are heavy and difficult to transport. In addition, they cannot be imagined unbreakable! To this end, for the first time, the use of plastic bottles for beverages such as soft drinks was considered.

Coca-Cola, the world’s largest soft drink company, established a PET factory in 2009 with a capacity of 45,000 tons of bottles per year due to the high use of these bottles! The factory is located in South Carolina, and Coca-Cola currently receives most of its beverage packaging from there.

In addition to Coca-Cola, other companies have been involved in the production of polyethylene terephthalate. In general, supply and demand are balanced in Europe and the United States.

But cheap PETs are used to import polyethylene terephthalate into the country. LSB has established a polyethylene terephthalate plant called Artenius. This plant, like the Coca-Cola plant, has played an important role in the Polyethylene terephthalate market.

Summary of Polyethylene terephthalate market review

In this article from PETROPROVIDERS, we reviewed the market of polyethylene terephthalate and its conditions. In addition, we examined the drastic changes in this market in recent years due to the arrival of coronavirus. We also introduced factories that have built their polymer production plants to better produce PET materials! These factories have also played a very important role in the Polyethylene terephthalate market.

The purchase of Iran polyethylene terephthalate increases the demand for this material in the country; Next, the production of this material must be replaced, but there is a very important point here.

Recycling of polyethylene terephthalate is one of the most important factors in the Polyethylene terephthalate market, which with the advancement of science, increases the safety sensitivity of products. In this regard, it is better to teach the people of the communities the ways of recycling this substance. In addition, investors should invest in polymer recycling sectors to provide greater environmental safety.

What do you think about the Polyethylene terephthalate market? Will the use of this substance grow worldwide? Will the Polyethylene terephthalate market be affected by other factors such as coronavirus? In your opinion, what effect does the recycling of polyethylene terephthalate have on its sales? In the comments section, you can ask us your questions and share your opinions with our experts.

What are the factors affecting the Polyethylene terephthalate market?

Production and demand, recycling, standards of use, and global health conditions can affect the Polyethylene terephthalate market.

Is the use of PET healthy for humans?

Yes! This substance is healthy and does not pose any danger to human health. Of course, you should not heat this substance to more than 60 degrees Celsius.

Is recycling polyethylene terephthalate simple?

No! This material is recycled under certain conditions and it costs a lot to recycle it; For this reason, this polymer is recycled en masse.

Is it safe to use a polyethylene terephthalate bottle?

Yes! These bottles are safe and sound; Try not to use PET bottles for more than 6 months.