Polyethylene Terephthalate Market : Key Growth Factors and Industry Analysis | 2024
The global polyethylene terephthalate (PET) market has been predicted by Transparency Market Research (TMR) to bear a significantly fragmented characteristic due to the presence of several industry players. According to a market research publication penned by TMR, five companies, viz. DAK Americas, Octal, Jiangsu Sanfangxiang, M&G Chemicals, and Indorama Ventures, had secured an aggregate approximate share of only 39.0% in the recent 2015. In the next few years, the market could testify an intense level of competition due the enormous count of PET resin suppliers and low switching expenses. View Full Report: https://www.transparencymarketresearch.com/pet-polyethylene-terephthalate-and-pet-packaging-market.html As per the TMR report, the global PET market has been anticipated to earn around US$39.16 bn by 2024 from US$23.73 bn in 2015 at a 5.80% CAGR for the forecast timeframe 2016–2024. By application, beverages could remain as a dominant market for PET. By region, Asi...
