PET Market Intelligence

PET Market Description

The global market for PET is estimated to grow at a constant rate of 4.8 percent to reach $43.09 billion until 2022. The APAC PET market is likely to drive the global demand through its healthy demand CAGR of 6.71 percent. The key market driving end-user applications is led by the film segment (5.5 percent CAGR growth), followed by the fiber segment (4.8 percent CAGR), and the bottled segment (4.30 percent CAGR). Asia has filled the global supply-demand deficit through its capacity expansions of 1.5 MMT/year and is expected to drive the PET market until 2022. Japan and the U.S. are major importers of PET, followed by some major European countries.

Most of the North American buyers are engaged in the purchase of PET resin from suppliers in Southeast Asia, particularly Thailand. The report also provides the global market outlook of the PET market in regions such as North America, Europe, APAC, and the LATAM, followed by an overview of the trade dynamics prevalent in these regions. It also provides Porter’s five forces analysis in regions such as the U.S., Europe, and Asia.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Global Capacity–Demand Analysis
Global Trade Dynamics
Regional Market Snapshot-North America, Europe, Asia
Cost Structure Analysis

PET Market Trend, Analysis & Forecast

Category Intelligence on PET covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. PET Executive Summary

1.1 Executive Summary
1.2 Supply Market Outlook
1.3 Demand Market Outlook
1.4 Industry Best Practices

2. PET Market Analysis

2.1 Global Market Size
2.2 Global Market Outlook
– Demand–Supply Trends and Forecast
– Key End-use Industries
– Trade Dynamics
2.3 Regional Market Outlook (North America, EU, Asia, LATAM, and ME)
– Regional Market Snapshot –Demand–Supply Trends and Forecast
– Trade Dynamics

3. PET Industry Analysis

3.1 Porter’sAnalysis
3.2 Industry Drivers and Constraints

4. PET Cost and Pricing Analysis

4.1 Cost and Price Analysis
– Cost Structure Analysis
– Price Forecast

5. PET Supplier Analysis

5.1 Global Capacity Share by Suppliers
5.2 Regional Capacity Share
5.3 Exhaustive Supplier List
5.4 Detailed Supplier Profiling and SWOT Analysis

6. PET Industry Best Practices

6.1 Most Followed Contract Structures in the PET Market
6.2 Standard Payment Terms
6.3 Buying Pattern and Popular Indices Used in Contracts

Global Marketing Outlook on PET

During 2015–2022, the global market is estimated to grow at 4.8 percent, mainly driven by the APAC PET market
The APAC PET market is likely to drive the market through its healthy demand (6.71 percent CAGR) until 2022
The key market driving end use is led by the film segment (5.5 percent CAGR), followed by the fiber segment (4.8 percent CAGR) and bottle segment (4.30 percent CAGR)

Demand Market Outlook

Asia has filled the global supply deficit though its capacity expansions (1,5MMT/year) and is expected to drive the PET market through its healthy demand (6.71 percent CAGR) until 2022

Global Market Size

By 2022, the global PET market is expected to reach $43.09 billion. The key market driving end use is led by the film segment (5.5 percent CAGR), followed by the fiber segment (4.8 percent CAGR) and bottle segment (4.30 percent CAGR)
Asia is expected to witness a high growth rate of approx. 6.71 percent CAGR
Saturated markets, such as the US and Europe, are expected to witness a growth of approx. 2–4 percent CAGR during 2017–2022

Global Capacity–Demand Analysis

The PET market has undergone tremendous change from being an oversupplied market to a supply constrained market. The bankruptcy associated with one of the major producers, M&G Group, has resulted around 10 percent of the total PET capacity going offline. Asia has filled this deficit though its capacity expansions (1,5MMT/year) and is expected to drive the PET market through its healthy demand (6.71 percent CAGR) until 2022

Market Outlook

Capacity Dynamics:In 2017, Asia, including Middle East, accounted for approx. 63.2 percent of the total capacity (23.9 MMT/year) and by 2022, it is expected to reach 25.48 MMT/yrear

Capacity Trends

APAC: The region has witnessed the healthiest demand and is expected to witness capacity additions of 1.5 MMT/year by 2018
Europe: The mature market has seen a modest growth rate; however, capacity addition of 281,000 MT/year is expected by 2020
North America: Capacity of 1.1 MMT/year is expected to come online, however, with the recent problems with the M&G Group, the construction remains unfinished without any announcements

Global Demand by Application

By 2022, the global PET market is expected to grow at a CAGR of 4.75 percent. The key market driving end use is led by the film segment (5.5 percent CAGR), followed by fiber segment (4.8 percent CAGR), and bottle segment (4.30 percent CAGR).Asia is expected to drive the PET market through its healthy demand (6.71 percent CAGR) until 2022

Global Trade Dynamics

North America:Net importer for the past five years. The level of imports has increased, due to disruption in domestic production
Europe: Net importer for the past five years with a trade deficit of 0.1–1 MMT/year. In 2016, deficits have increased with slight uptrend in imports
Asia: Largest exporter, with a consistent trade surplus of 2–3 MMT/year for the past five years
LATAM (Brazil): The region has witnessed steady domestic supply and with the surplus catering to regions in Americas (North and Latin America)

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