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PET
Market, Supplier, Risk and
Competitive Intelligence

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Procurement Productivity Suite

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Abi will answer all PET related
procurement queries with relevant data points

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Discover Market Info

Get up-to-date market and supplier info on PET to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Manage Risk

Assess Supplier Risk based on key risk and compliance parameters

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

performance

Find Suppliers

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Assess Category Performance

Benchmark your category performance against peers and the market

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Source Market Indices

Get information on key factors affecting your supply

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

Meet Abi

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Discover Market Info

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Manage Risk

performance

Find Suppliers

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Assess Category Performance

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Source Market Indices

Abi will answer all PET related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

Get up-to-date market and supplier info on PET to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

Assess Supplier Risk based on key risk and compliance parameters

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

Benchmark your category performance against peers and the market

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

Get information on key factors affecting your supply

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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COVID 19 impact on PET market

Polymer prices are expected to decrease due to balanced-to-long supply in the market. The demand is expected to be soft due to COVID-19
Supply is likely to further improve with the arrival of plants like Chinese producer Yisheng Petrochemical which has an additional new capacity of 600,000 MT/YR in Dalian, China
Asian PET producers has remained largely stable, with sentiment expected to stay weak as worry about the Coronavirus grows.

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PET Category Intelligence

Report Coverage

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

Production Size

Production Size North America

3.53 MMT

Production Size Europe

5.4 MMT

Production Size APAC

25.5 MMT

Production Size LATAM

2.7 MMT

PET Market Trends

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

Table of contents

PET Executive Summary
Executive Summary
Supply Market Outlook
Demand Market Outlook
Industry Best Practices
COVID-19 Impact

PET Market Analysis
Global Market Size
Global Market Outlook
Demand - Supply Trends and Forecast
Key End-use Industries
Trade Dynamics
Regional Market Outlook (North America, EU, Asia, LATAM, and ME)
Regional Market Snapshot - Demand - Supply Trends and Forecast
Trade Dynamics
COVID-19 Impact
- Sourcing Location Watch
- Supplier Watch
- Industry Watch

PET Industry Analysis
Porter’s Analysis
Industry Drivers and Constraints
Industry Events
Capacity Additions
Innovations

PET Cost and Pricing Analysis
Cost and Price Analysis
Cost Structure Analysis
Price Forecast

Supplier Performance Assessment
Key Performance Indicators and Service Level Agreements

PET Industry Best Practices
Most Followed Contract Structures in the PET Market
Standard Payment Terms
Buying Pattern and Popular Indices Used in Contracts

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Industry Outlook & Drivers

Global Marketing Outlook on PET

During 2020–2024, the global market is estimated to grow at the rate of 8–9 percent, mainly driven by the APAC PET market
The APAC PET market is likely to drive the market through its healthy demand (6.7 percent CAGR) until 2024
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)

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)

PETMarket Frequently Asked Questions

How does the APAC PET market look?
The Asia Pacific (APAC) PET market value is slated to multiply at around 6.7% CAGR through 2024. Asia is the leading PET exporter, with a consistent trade surplus of 2–3 MMT per year over the last five years.

Which regions are PET market players eyeing for profitable revenue prospects?
Driven by the healthy demand, the APAC PET market, holding over 60% of the overall supply, continues to attract market players and stakeholders. Furthermore, the European Union (EU) and North America collectively capture around a fifth of the global PET supply.

What types of engagement practices do PET market players engage in?
While PET market players in the US and Europe highly prefer contract transactions, spot transactions are the most favorable type of engagement in Asia.

What was the global PET capacity and demand in 2019?
In 2019, the global PET production and demand pegged 37.97 MMT and 28.42 MMT, respectively.

What challenges are PET manufacturers currently facing?
Squeezed global supply and rising crude prices are the key factors negatively impacting PET manufacturers’ profit margins.

Which are the key end-use segments in the global PET market?
Significant PET usage is observed in producing films, while usage in fiber and bottle production is likely to grow at 4.8% and 4.3% CAGR.

Which regions are the net PET importers?
North America and Europe have been net PET imports over the past five years, mainly due to disruption in domestic supply.

What is the buyer power in various regions in the global PET market?
In Asia, the buyer power is high, while in the EU and North America, the buyer power is medium and low, respectively.

How big is the global PET demand?
Beroe’s analysis shows that the global PET demand will grow at 8-9% CAGR during 2019-2024.

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