NEW YORK, March 22, 2016 /PRNewswire/ -- The global amorphous PET market is projected to reach USD 36.40 billion by 2020, at a CAGR of 7.5% from 2015 to 2020. Increasing usage of amorphous PET in packaged foods and beverages industries is one of the factors driving the growth of the global amorphous PET market. Easy availability of amorphous PET is another factor that has positive impact on increased applications of amorphous PET across various end user industries.
The bottles application segment is projected to maintain the highest market share in the global amorphous PET market between 2015 and 2020.
Among applications, the bottles segment is estimated to account for the largest share in the global amorphous PET market, owing to its increased usage in the packaging of beverages, and personal care and house cleaning products.
The amorphous PET market in the Asia-Pacific region is estimated to witness the highest growth during the forecast period, 2015 to 2020.
The Asia-Pacific amorphous PET market is expected to register the highest CAGR between 2015 and 2020. The growth of the amorphous PET market in the Asia-Pacific and European regions is driven by the increasing demand for amorphous PET from industries, such as beverages and films/sheets. China is estimated to lead the Asia-Pacific amorphous PET market during the forecast period, followed by India and Japan. The Asia-Pacific region is estimated to hold the largest share in the global amorphous PET market in 2015.
Breakdown of profiles of primary participants:
- By Company Type: Tier 1 - 37%, Tier 2 - 50%, and Tier 3 – 13%
- By Designation: C Level – 50%, Director Level - 31%, and Others - 19%
- By Region: North America - 31%, Europe - 38%, Asia-Pacific - 25%, and RoW - 6%
Further, as a part of qualitative analysis, the research study provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and regulations in the global amorphous PET market. It also discusses competitive strategies adopted by the leading market players across different regions. The companies profiled in this report are Indorama Ventures Public Limited Company (Thailand), Eastman Chemical Company (U.S.), Bayer MaterialScience AG (Germany), La Seda de Barcelona (Spain), Petrotemex S.A. de C.V. (Mexico), Quadrant (Switzerland), and DAK Americas LLC (U.S.), among others.
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This report covers following key aspects:
- What will be the market size by 2020 and what will be the growth rate
- What are the key market trends
- What is driving this market
- What are the challenges that impact market growth
- Who are the key players in this market
- Global amorphous PET market report covers key regions, such as North America, Europe, and Asia-Pacific, and RoW with their major countries
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