Procurement Resource Analyses the Production Cost of PET (Polyethylene terephthalate) in its New Report

Posted on 21 July, 2022 by Jolie Alexa

Procurement Resource Analyses the Production Cost of PET (Polyethylene terephthalate) in its New Report

Analyses Overview of The New Production Cost Report of PET (Polyethylene terephthalate)

The new report by Procurement Resource, a global procurement research, and consulting firm, looks in-depth into the costs involved in the production of PET. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labor wages, maintenance costs, financing charges, and depreciation costs. The extensive study describes the stepwise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the PET industry that might influence the costs of production, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Product Definition:

Polyethylene terephthalate (PET) is the most common thermoplastic polymer resin of the polyester group and is used in textile fibers, beverages and food containers, thermoforming, and engineering resins when combined with glass fiber. PET is composed of repeating units of the monomer ethylene terephthalate that have been polymerized. PET is routinely recycled and carries the identification number 1 for its resin.

Factors Impacting the PET Production Cost:

The packaging segment has the most market potential in the PET industry, due to the growing need for PET materials for effective and environmentally-friendly packaging options worldwide, and the rising demand for packaged and processed foods. In addition, an increase in consumer preference for efficient and easily recyclable drinking containers and a rise in their use as an eco-friendly substitute contribute to the expansion of this market sector. Due to the steady rise in disposable income per capita and the increase in demand for lightweight materials, the use of PET in electrical and electronic applications has experienced significant expansion.

Procurement Resource Assessment of PET Production:

This research details the cost structure of producing PET through the esterification of terephthalic acid and ethylene glycol.  At moderate pressure (2.7–5.5 bar) and high temperature (220–260 °C), the procedure is carried out. The reaction eliminates water, which is also continually removed by distillation. The report also includes a cost analysis of PET manufacturing via the DMT method. In the presence of a basic catalyst, dimethyl terephthalate is reacted with excess ethylene glycol in the melt at 150–200 degrees Celsius. Distillation of methanol serves to propel the reaction ahead. Ethylene glycol is vacuum-distilled at a higher temperature. The second transesterification process occurs simultaneously at 270–280 °C.

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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.

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Reference Link: https://takeitcool.com/production-cost-of-pet-polyethylene-terephthalate/