New Research & Forecast Report on Amorphous Polyethylene Terephthalate Market by

Posted by Market Research Future on July 31st, 2018

Market Overview

Amorphous polyethylene terephthalate (APET) is a thermoplastic sheet manufactured  through extrusion of polyethylene terephthalate (PET). Amorphous polyethylene terephthalate offers excellent clarity, gloss, and mechanical and thermoforming characteristics. It is an effective barrier to oxygen, nitrogen, and carbon dioxide, thereby, suitable for modified atmosphere packaging (MAP).

The increasing demand for amorphous polyethylene terephthalate from the food & beverage industry is the major driver of the global amorphous polyethylene terephthalate market. The use of APET in food & beverage packaging is increasing due to the high chemical and solvent resistance, which helps in ehancing shelf life of the food. The increasing demand for ready-to-go food products due to the changing consumption pattern is expected to drive the market growth during the assessment period. Furthermore, it is used in pharmaceutical packaging owing to the anti-bacterial properties, which protect them from spoilage. The substitution of traditional packaging materials such as metals with amorphous polyethylene terephthalate on account of its recyclable nature is expected to fuel the market growth further. Moreover, it has been approved by the U.S. Food and Drug Administration for food packaging, which will further augment the market growth over the review period. Additionally, increasing demand for APET from various other industries such as textile, automotive, and electronics due to its high tensile strength and lightweight is expected to fuel the product demand. Therefore, increasing demand for efficient and lightweight automotive and electronics, and various regulations pertaining to limit the carbon dioxide and GHG emission are projected to drive the global market growth. However, the fluctuating raw materials cost and the issues related to the recyclability of the APET are likely to challenge the market growth during the forecast period 2017-2023.

Segmentation The global amorphous polyethylene terephthalate market is segmented by additives, application, end-use industry, and region.

On the basis of the additives, it is segmented into chain extenders, nucleating agents, solid stating accelerators, nucleating agents, impact modifiers, and others.

Based on the applications, the global market is segmented into bottles, packaging, gear housings, seats & engine covers, and others.

By end-use industries, the market is segmented into food & beverage, pharmaceuticals, automotive, textiles, electronics & electrical, and others.

Key PlayersSome of the leading manufacturers operating in the global amorphous polyethylene terephthalate market are JBF Industries Ltd. (India), Reliance Industries Limited (India), China Petroleum & Chemical Corporation (China), Covestro AG (Germany), Jiangsu Sanfangxiang Group Co., Ltd. (China), M&G Chemicals (Italy), Petro Polymer Shargh (Iran), the Quadrant group of companies (Switzerland),  LOTTE Chemical CORPORATION (Korea), Polisan Holding (Turkey), TEIJIN LIMITED (Japan), Equipolymers (Germany), Alpek Polyester (U.S.), and others .

Regional AnalysisThe global amorphous polyethylene terephthalate market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific accounted for a major market share in the global amorphous polyethylene terephthalate market in 2016 owing to the high demand from major end-use industries such as food & beverage, automotive, electronics, and textiles in this region. This growth is attributed to the expanding packaging industry in countries such as China, India, and Japan.

North America was the second largest region in the global amorphous polyethylene terephthalate market on account of the high demand from the food & beverage industries in the U.S. and Canada. High penetration of the APET in cosmetics, personal care products, and pharmaceuticals is another major driver of the market in the region.

Europe is expected to showcase a significant growth due to the extensive use of the product in various end-use industries such as pharmaceuticals, automotive, and electrical & electronics in the region.

The shifting trends towards the processed food consumption and growing automotive industry are anticipated to drive the market growth in Latin America.

The Middle East & Africa region is projected to witness a considerable growth over the assessment period on the backdrop of the expanding yet untapped market exploration.

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