DUBLIN, Dec. 16, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/qrd4bw/crystalline) has announced the addition of the "Crystalline Polyethylene Terephthalate Market - Global Trends & Forecasts to 2020" report to their offering.
The global crystalline PET market is projected to reach USD 12.16 Billion by 2020, at a CAGR of 9.0% from 2015 to 2020. The food packaging application segment of the market contributed a major share to the market with increasing demand for beverages.
The growth of the packaged food industry is expected to fuel the growth of the global market for crystalline PET in the coming years. Furthermore, the factors, such as the physical characteristics of crystalline PET including its strength and stiffness, clear appearance, lightweight, low flavor absorption, and favorable creep characteristics, along with low price makes it ideal for usage in various applications. The increased usage of crystalline PET in various applications is also driving the global crystalline PET market.
The Asia-Pacific region accounted for more than one-third of the global demand for crystalline PET. The increased usage of crystalline PET across different industries, such as cosmetics, films & sheets, and food and beverages packaging is expected to boost its demand in the emerging economies, such as India and China.
This has made the Asia-Pacific region, a global manufacturing and commercial hub for crystalline PET, where several major companies are setting up their plants to target the high-growth segments of the region. Cheap labor and easy availability of feedstock are some of the key factors that have been attracting manufacturers to establish their manufacturing facilities in this region.
Fluctuating prices of raw materials is the major restraint for crystalline PET market. Raw material prices are highly dependent on crude oil prices which results in the higher pressure on crystalline PET manufacturers.
Scope of the Report:
- 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 report covers key regions such as North America, Europe, and Asia-Pacific with their major countries
- Dak Americas Llc
- Far Eastern New Century Corporation
- Indorama Ventures Public Company Limited
- La Seda De Barcelona (Lsb)
- Petro Polymer Shargh
- Petrotemex S.A. De C.V.
- Saudi Basic Industries Corporation
- The Dow Chemical Company
- Treform Packaging Ab
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Crystalline Pet Market, By Application
8 Regional Analysis
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/qrd4bw/crystalline
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets