Global polyethylene terephthalate(PET) market

Polyethylene Terephthalate(Abbreviation For PET) is a colorless and semi-crystalline resin in its natural state.Plastic resin is used in all sorts of everyday materials that are vital to modern livingand.It does have many impact on the morden "plastic age" for we are using the plastic almost everywhere today.How to reduce the white pollution is always a tricky problem,PET may help to reduce this cause its environment-friendly characteristic.
Polyethylene Terephthalate(Abbreviation For PET) Market by type(Fiber Grade, Bottle Grade, Film Grade),Applications(Food Packaging,Cosmetic Packaging,Household Products),Region(America,China,Europe,India,Japan).Pet is always a vast market.In 2015,the global polyethylene terephthalate (PET) market was $23.73 bn,and it wll raise to $39.16 bn inthe end of 2024.

Have a look at the 2018 PET World Market Outlook,Asia Pacific takes 53% percentage,Europe and Middle East,Africa,America take the last 46%.China and India seems to be the leader of the PET Market.In China, the bottles and cups segment dominated the regional market with the bottled water sector being the largest consumer of PET bottles and cups.

But How PET is made?
PET is an aliphatic polyester. It is obtained from polycondensation reaction of the monomers obtained either by:
Esterification reaction between terephthalic acid and ethylene glycol, OR
Trans-esterification reaction between ethylene glycol and dimethyl terephthalate.
So it can be molded into almost any shape or spun directly to fibers.
There are some reasons why pet market raises so fast.
First:The high demand of food packaging,food is the necessary for ourself,people are likely to enjoy the nice packaging and enjoy the visual feast much more than the food itself.And PET is approved as safe for contact with foods and beverages by the FDA.
Second:The characteristic of PET,PET is environment-friendly plastic resin.As its polymer chains breakdown at a low temperature, PET can be recycled again and again for further recycling.The recycle of Pet cup and PET bottles help reduce the white pollution and improve the environment,save money.Pet is the the most recycled plastic worldwide.You can easily find the pet recycle mark and code in a pet products like the follow image.
Third:People know more and care more about Environmental protection nowdays.And thanks to the pet material products manufacturers including Indorama,Far Eastern,Zhejiang Zhink,They do big dedication too.
Four:For the money and future it will take. Food storage, engineering, and shipping are all big markets related to plastic resin and PET market.It will bring you unexpected money and customer.
Five: Easy and efficient to transport for its lightweight
Six:Application for a temperature-range from -60 to 130°C.



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