DUBLIN, July 28, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/t3vd3l/global) has announced the addition of the "Global Bio-Polyethylene Terephthalate Market - Analysis and Forecasts to 2019" report to their offering.
The global bio-polyethylene terephthalate market was valued at $457.9 million in 2014, and is projected to reach $1,317.5 million by 2019, at a CAGR of 23.5% from 2014 to 2019.
Bio-polyethylene terephthalate is a thermosetting resin, manufactured from bio-based ethylene glycol. It is primarily used to manufacture packaging products such as bottles, consumer goods, food packaging, and others. Due to its superior properties in comparison to the petroleum-based products, there is an increasing demand of such materials among end-user industries, such as remodeling/ construction, automobile, and consumer goods.
Rise in demand of bio-polyethylene terephthalate from varied industry verticals and increasing initiatives undertaken by companies to expand its bio-based product portfolio are factors contributing to the growth of global bio-polyethylene terephthalate market.
The global bio-PET market is mainly segmented on the basis of application and geography. By geography, this market is classified into North America, Europe, Asia-Pacific, and rest of the world. North America dominates the global bio-polyethylene terephthalate market in terms of volume, by accounting for a share of 41.9% in 2014.
The bottles application segment of this market accounted for a share of 95.2% in 2014. This growth is mainly attributed to the increasing demand for bottles among various industries, such as food & beverage, and medical among others.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Bio-Polyethylene Terephthalate Market, By Application
6 Bio-Polyethylene Terephthalate Market, By Geography
7 Bio-Polyethylene Terephthalate Market: Competitive Landscape
8 Bio- Polyethylene Terephthalate Market, By Company
- Indorama Ventures - Toyota Tsusho Corporation - Teijin Limited - Gevo Inc. - Toray Industries, Inc. - Virent Inc. - China Man-Made Fiber Corporation - The Coca Cola Company - Anellotech, Inc. - Clear Lam Packaging Inc.
For more information visit http://www.researchandmarkets.com/research/t3vd3l/global
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SOURCE Research and Markets