Global Polyethylene Terephthalate (PET) Resin market cagr 10.2%

Polyethylene Terephthalate (PET) Resin Market

Polyethylene Terephthalate (PET) Resin Market

Scope: Industry Analysis, Market Size, Growth, Trends Till 2031

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Polyethylene Terephthalate (PET) Resin Market Size and

Growth

The global Polyethylene Terephthalate (PET) Resin market is projected to grow at a steady rate due to increasing demand from industries such as packaging and textiles. Market conditions indicate a rise in consumption due to its versatility and recyclable properties. The market size is estimated to reach $39 billion by 2025.

Companies Covered (Covid 19 Impact Covered)

◍ Tongkun Group

◍ Xin Feng Ming Group

◍ Zhejiang Hengyi

◍ Indorama Ventures

◍ Alpek

◍ FENC

◍ Reliance Industries

◍ Sheng Hong Group

◍ Hengli Group

◍ Billion Industrial

◍ Rongsheng Petrochemical

◍ Sanfangxiang Group

◍ Sinopec Yizheng

◍ Since CR Chemicals

◍ JBF

◍ Octal

◍ NanYa

◍ Wankai New Materials

The global Polyethylene Terephthalate (PET) Resin market is highly competitive with key players such as Tongkun Group, Xin Feng Ming Group, Zhejiang Hengyi, Indorama Ventures, Alpek, FENC, Reliance Industries, Sheng Hong Group, Hengli Group, Billion Industrial, Rongsheng Petrochemical, Sanfangxiang Group, Sinopec Yizheng, Since CR Chemicals, JBF, Octal, NanYa, Wankai New Materials, Dhunseri Petrochem & Tea, SABIC, NEO GROUP, Lotte Chemical, Toray, KoKsan, Sibur (Polief), and Advansa driving market growth through product innovation, strategic partnerships, and mergers and acquisitions.

- Tongkun Group: Sales revenue of $14.6 billion

- Indorama Ventures: Sales revenue of $7.8 billion

- Alpek: Sales revenue of $5.3 billion

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Market Segmentation

By Application

◍ Clothing Fabric

◍ Technical Textiles

◍ Bottle Packaging Container

◍ Automotive Decoration

◍ Electronics & Electrical

◍ Building and Construction

◍ Others

By Product

◍ PET Filament

◍ PET Staple

◍ PET Chips

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