Global Polyethylene Terephthalate (PET) Supply, Demand and Key Producers, 2026-2032
Description
The global Polyethylene Terephthalate (PET) market size is expected to reach $ 154190 million by 2032, rising at a market growth of 3.0% CAGR during the forecast period (2026-2032).
Polyethylene Terephthalate (PET), also called PETE, is a type of engineering resin.
PET resins are known for their excellent combination of properties such as mechanical, thermal, chemical resistance as well as dimensional stability.
It is polymerized by pure terephthalic acid and ethylene glycol, and mainly used for clothing fabric and household textiles, food and beverage packaging, films, injection moulding, etc.
The global Polyethylene Terephthalate (PET) market is currently influenced by several key trends:
Sustainability and Recycling: There is a significant push towards sustainability, with increasing demand for recycled PET (rPET) driven by environmental regulations and consumer preferences for eco-friendly products. Many manufacturers are adopting circular economy practices to enhance recyclability.
Growth in Packaging Industry: PET's excellent properties for packaging, particularly in the food and beverage sector, continue to drive demand. Its lightweight, strength, and barrier properties make it a preferred choice for containers and bottles.
Expansion in Emerging Markets: Rapid urbanization and increasing disposable incomes in emerging economies, particularly in Asia-Pacific (e.g., China and India), are fueling the growth of the PET market as consumer goods and packaged products become more prevalent.
Technological Advancements: Innovations in PET manufacturing, such as the development of bio-based PET and improvements in processing technologies, are enhancing product performance and reducing environmental impact.
Market Consolidation: The PET resin market is seeing mergers and acquisitions among major players, which aim to improve production efficiencies, expand product offerings, and enhance global reach.
Shift to E-commerce and Convenience Packaging: The rise of e-commerce is influencing packaging requirements, leading to increased demand for lightweight and durable PET products that can protect goods during transit.
Global key players of Polyethylene Terephthalate (PET) include Tongkun Group, Xin Feng Ming Group, Zhejiang Hengyi, Indorama Ventures, Alpek, etc. The top five players hold a share about 33%. Asia-Pacific is the largest market, and has a share about 76%, followed by Europe and North America with share 9% and 9%, separately. In terms of product type, PET Filament is the largest segment, accounting for a share of 51%. In terms of application, Apparel is the largest field with a share about 39%.
This report studies the global Polyethylene Terephthalate (PET) production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Polyethylene Terephthalate (PET) and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Polyethylene Terephthalate (PET) that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Polyethylene Terephthalate (PET) total production and demand, 2021-2032, (Kilotons)
Global Polyethylene Terephthalate (PET) total production value, 2021-2032, (USD Million)
Global Polyethylene Terephthalate (PET) production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons), (based on production site)
Global Polyethylene Terephthalate (PET) consumption by region & country, CAGR, 2021-2032 & (Kilotons)
U.S. VS China: Polyethylene Terephthalate (PET) domestic production, consumption, key domestic manufacturers and share
Global Polyethylene Terephthalate (PET) production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Kilotons)
Global Polyethylene Terephthalate (PET) production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons)
Global Polyethylene Terephthalate (PET) production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons)
This report profiles key players in the global Polyethylene Terephthalate (PET) market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Tongkun Group, Xin Feng Ming Group, Zhejiang Hengyi, Indorama Ventures, Alpek, FENC, Reliance Industries, Sheng Hong Group, Hengli Group, Billion Industrial, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Polyethylene Terephthalate (PET) market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Kilotons) and average price (US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Polyethylene Terephthalate (PET) Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Polyethylene Terephthalate (PET) Market, Segmentation by Type:
PET Filament
PET Staple
Bottle Grade PET
Film Grade PET
Global Polyethylene Terephthalate (PET) Market, Segmentation by Application:
Apparel
Household Textiles
Bottle Packaging Container
Automotive Decoration
Electronics & Electrical
Building and Construction
Others
Companies Profiled:
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
CR Chemical Materials
JBF Industries
NanYa
Wankai New Materials
Dhunseri Ventures Limited
SABIC
NEO GROUP
Lotte Chemical
Toray
KoKsan
Sibur (Polief)
Asia Pacific Fibers (APF)
Key Questions Answered:
1. How big is the global Polyethylene Terephthalate (PET) market?
2. What is the demand of the global Polyethylene Terephthalate (PET) market?
3. What is the year over year growth of the global Polyethylene Terephthalate (PET) market?
4. What is the production and production value of the global Polyethylene Terephthalate (PET) market?
5. Who are the key producers in the global Polyethylene Terephthalate (PET) market?
6. What are the growth factors driving the market demand?
Polyethylene Terephthalate (PET), also called PETE, is a type of engineering resin.
PET resins are known for their excellent combination of properties such as mechanical, thermal, chemical resistance as well as dimensional stability.
It is polymerized by pure terephthalic acid and ethylene glycol, and mainly used for clothing fabric and household textiles, food and beverage packaging, films, injection moulding, etc.
The global Polyethylene Terephthalate (PET) market is currently influenced by several key trends:
Sustainability and Recycling: There is a significant push towards sustainability, with increasing demand for recycled PET (rPET) driven by environmental regulations and consumer preferences for eco-friendly products. Many manufacturers are adopting circular economy practices to enhance recyclability.
Growth in Packaging Industry: PET's excellent properties for packaging, particularly in the food and beverage sector, continue to drive demand. Its lightweight, strength, and barrier properties make it a preferred choice for containers and bottles.
Expansion in Emerging Markets: Rapid urbanization and increasing disposable incomes in emerging economies, particularly in Asia-Pacific (e.g., China and India), are fueling the growth of the PET market as consumer goods and packaged products become more prevalent.
Technological Advancements: Innovations in PET manufacturing, such as the development of bio-based PET and improvements in processing technologies, are enhancing product performance and reducing environmental impact.
Market Consolidation: The PET resin market is seeing mergers and acquisitions among major players, which aim to improve production efficiencies, expand product offerings, and enhance global reach.
Shift to E-commerce and Convenience Packaging: The rise of e-commerce is influencing packaging requirements, leading to increased demand for lightweight and durable PET products that can protect goods during transit.
Global key players of Polyethylene Terephthalate (PET) include Tongkun Group, Xin Feng Ming Group, Zhejiang Hengyi, Indorama Ventures, Alpek, etc. The top five players hold a share about 33%. Asia-Pacific is the largest market, and has a share about 76%, followed by Europe and North America with share 9% and 9%, separately. In terms of product type, PET Filament is the largest segment, accounting for a share of 51%. In terms of application, Apparel is the largest field with a share about 39%.
This report studies the global Polyethylene Terephthalate (PET) production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Polyethylene Terephthalate (PET) and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Polyethylene Terephthalate (PET) that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Polyethylene Terephthalate (PET) total production and demand, 2021-2032, (Kilotons)
Global Polyethylene Terephthalate (PET) total production value, 2021-2032, (USD Million)
Global Polyethylene Terephthalate (PET) production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons), (based on production site)
Global Polyethylene Terephthalate (PET) consumption by region & country, CAGR, 2021-2032 & (Kilotons)
U.S. VS China: Polyethylene Terephthalate (PET) domestic production, consumption, key domestic manufacturers and share
Global Polyethylene Terephthalate (PET) production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Kilotons)
Global Polyethylene Terephthalate (PET) production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons)
Global Polyethylene Terephthalate (PET) production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Kilotons)
This report profiles key players in the global Polyethylene Terephthalate (PET) market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Tongkun Group, Xin Feng Ming Group, Zhejiang Hengyi, Indorama Ventures, Alpek, FENC, Reliance Industries, Sheng Hong Group, Hengli Group, Billion Industrial, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Polyethylene Terephthalate (PET) market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Kilotons) and average price (US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Polyethylene Terephthalate (PET) Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Polyethylene Terephthalate (PET) Market, Segmentation by Type:
PET Filament
PET Staple
Bottle Grade PET
Film Grade PET
Global Polyethylene Terephthalate (PET) Market, Segmentation by Application:
Apparel
Household Textiles
Bottle Packaging Container
Automotive Decoration
Electronics & Electrical
Building and Construction
Others
Companies Profiled:
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
CR Chemical Materials
JBF Industries
NanYa
Wankai New Materials
Dhunseri Ventures Limited
SABIC
NEO GROUP
Lotte Chemical
Toray
KoKsan
Sibur (Polief)
Asia Pacific Fibers (APF)
Key Questions Answered:
1. How big is the global Polyethylene Terephthalate (PET) market?
2. What is the demand of the global Polyethylene Terephthalate (PET) market?
3. What is the year over year growth of the global Polyethylene Terephthalate (PET) market?
4. What is the production and production value of the global Polyethylene Terephthalate (PET) market?
5. Who are the key producers in the global Polyethylene Terephthalate (PET) market?
6. What are the growth factors driving the market demand?
Table of Contents
168 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
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