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Polyethylene Terephthalate (PET) Compounding Market

Global Polyethylene Terephthalate (PET) Compounding Market Size, Share, Forecast: By Application: Packaging, Industrial Machinery, Electrical and Electronics, Automotive, Construction, Material Handling, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Polyethylene Terephthalate (PET) Compounding Market Outlook

The global polyethylene terephthalate (PET) compounding market size is estimated to grow at a CAGR of 4.20% in the forecast period of 2024-2032. The major market drivers include the rising of PET compounding for product packaging and the versatility of PET compounding.

 

Key Trends in the Market

Polyethylene terephthalate (PET) compounding refers to the process of combining PET with different materials and substances in the form of additives and modifiers to product PET with specific qualities. PET is a commonly used polyester and its compounding products are used for a variety of applications, undergoing different levels of polymerisation for its different applications.

 

  • PET compounding is gaining widespread popularity for pipe fittings as it is cost effective, provides stronger resistance against corrosion, and has a longer life span. These features make it a viable option for infrastructure development as well making it a replacement for wood in construction sites, thereby aiding in the expansion of the polyethylene terephthalate (PET) compounding market.
  • The demand for packaging has grown in the food and beverages sector which leads to increased production of PET compounding as it provides effective insulation and has lower cost. In the packaging of foods and beverages, PET compounding aids in retaining the freshness of the food and doesn’t break down, keeping the packaged content stable.
  • Polyethylene terephthalate compounding product is a good replacement for glass as it does not break or suffer any damage, thus making it a safer option for the storage of products. It is also highly recyclable thus making it a preferred alternative for single use plastics.

 

Market Analysis

Based on application, the polyethylene terephthalate (PET) compounding market is segmented into packaging, industrial machinery, electrical and electronics, automotive, construction, and material handling, among others. The regional markets for PET compounding are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global polyethylene terephthalate compounding market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • BASF SE 
  • SABIC 
  • RTP Company 
  • Polyvisions Inc 
  • DuPont de Nemours, Inc. 
  • Others

 

Market Share by Application

Packaging applications account for a sizable share of the polyethylene terephthalate (PET) compounding market. It is cost effective and can be used to produce clear packaging that can be tailored easily to different shapes and support innovative designs. PET compounding has a safe formulation which makes it risk-free as it does not mix with the content inside the package. PET compounding applications in the construction sector are also on the rise, as it provides increased strength when used in a mixture with concrete.

 

Market Share by Region

Asia Pacific holds the sizable share in the global polyethylene terephthalate (PET) compounding market due to the increase in demand for packaging, rising usage of recyclable materials in consumer goods, and expansion of the construction projects. The versatility of PET compounding and vast supply of recycled PET are further supporting the market for PET compounding in the Asia Pacific. Meanwhile, in North America, the increasing demand for food delivery has led to heightened use of effective food packaging.

 

Competitive Landscape

BASF SE is a multinational chemical company, founded in 1865, with headquarters located in Ludwigshafen, Germany. They are major sellers in the chemical and agricultural sector, and also provide their services in nutrition, materials, and industrial solutions. Some of their major selling products are solvents, paints, food additives, adhesives, and pigments.

 

SABIC, also known as or Saudi Arabia’s Basic Industries Corporation, is an active supplier of chemicals, fertilisers, petrochemicals, and polymers. The company was founded in 1976 and its headquarters are situated in Riyadh, Saudi Arabia. They deal in the export of chemicals and fertilisers and provide eco-friendly materials; some of the company’s notable products include HDPE, LDPE, and PP copolymer.

 

RTP Company, founded in 1982, is a multinational compounder company of thermoplastics. Its headquarters are in Minnesota, United States and they reduce manufacturing costs through their specifically formulated compounds to fulfil consumer needs.

 

Other market players include Polyvisions Inc., and DuPont de Nemours, Inc., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • Region
Breakup by Application
  • Packaging
  • Industrial Machinery
  • Electrical and Electronics
  • Automotive
  • Construction
  • Material Handling
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • BASF SE 
  • SABIC 
  • RTP Company 
  • Polyvisions Inc 
  • DuPont de Nemours, Inc. 
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Polyethylene Terephthalate (PET) Compounding Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Polyethylene Terephthalate (PET) Compounding Historical Market (2018-2023) 
    8.3    Global Polyethylene Terephthalate (PET) Compounding Market Forecast (2024-2032)
    8.4    Global Polyethylene Terephthalate (PET) Compounding Market by Application
        8.4.1    Packaging
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Industrial Machinery
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
        8.4.3    Electrical and Electronics
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2023)
            8.4.3.3    Forecast Trend (2024-2032)
        8.4.4    Automotive
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2023)
            8.4.4.3    Forecast Trend (2024-2032)
        8.4.5    Construction
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2023)
            8.4.5.3    Forecast Trend (2024-2032)
        8.4.6    Material Handling
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2018-2023)
            8.4.6.3    Forecast Trend (2024-2032)
        8.4.7    Others
    8.5    Global Polyethylene Terephthalate (PET) Compounding Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    BASF SE
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    SABIC
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    RTP Company
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Polyvisions Inc
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    DuPont de Nemours, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global Polyethylene Terephthalate (PET) Compounding Market: Key Industry Highlights, 2018 and 2032
2.    Global Polyethylene Terephthalate (PET) Compounding Historical Market: Breakup by Application (USD Million), 2018-2023
3.    Global Polyethylene Terephthalate (PET) Compounding Market Forecast: Breakup by Application (USD Million), 2024-2032
4.    Global Polyethylene Terephthalate (PET) Compounding Historical Market: Breakup by Region (USD Million), 2018-2023
5.    Global Polyethylene Terephthalate (PET) Compounding Market Forecast: Breakup by Region (USD Million), 2024-2032
6.    North America Polyethylene Terephthalate (PET) Compounding Historical Market: Breakup by Country (USD Million), 2018-2023
7.    North America Polyethylene Terephthalate (PET) Compounding Market Forecast: Breakup by Country (USD Million), 2024-2032
8.    Europe Polyethylene Terephthalate (PET) Compounding Historical Market: Breakup by Country (USD Million), 2018-2023
9.    Europe Polyethylene Terephthalate (PET) Compounding Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Asia Pacific Polyethylene Terephthalate (PET) Compounding Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Asia Pacific Polyethylene Terephthalate (PET) Compounding Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Latin America Polyethylene Terephthalate (PET) Compounding Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Latin America Polyethylene Terephthalate (PET) Compounding Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Middle East and Africa Polyethylene Terephthalate (PET) Compounding Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Middle East and Africa Polyethylene Terephthalate (PET) Compounding Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Global Polyethylene Terephthalate (PET) Compounding Market Structure

Key Questions Answered in the Report

The market is expected to grow at a CAGR of 4.20% between 2024 and 2032.

Major driving factors for the market include the versatility in applications of PET compounding, increasing usage of PET compounds for packaging due to its cost effective nature, and use in fibre formation in clothes to prevent wrinkles.

The key trends of the market include its usage in pipe formation to prevent corrosion, rising popularity due to its recyclable properties, and increasing demand as a replacement of glass to prevent breakage due to its high strength.

The various applications of PET compounding include packaging, industrial machinery, electrical and electronics, automotive, construction, and material handling, among others.

PET compounding can enhance the strength, heat resistance, rigidity, and other properties of PET significantly.

PET itself is fully recyclable, and depending upon the additives or modifiers added, most PET compounding products can also be recycled.

The major regions of the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The key market players, according to the report, are BASF SE, Sabic, RTP Company, Polyvisions Inc., and DuPont de Nemours, Inc., among others.

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