PET Market: Industry Overview, Outlook, Trends, Analysis and Forecast
Posted on 21 October, 2022 by Endru Smith
| Product Name | PET |
| HS Code | 39076900 |
| Molecular Weight | 148.205 g/mol |
| Chemical Formula | (C10H8O4)n |
| Synonyms | 25038-59-9,poly(ethylene terephthalate), Poly (Oxyethyleneoxyterephthaloyl), PETE , PETP or PET-P |
| Region/Countries for which Data is available |
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| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | Our services can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after service delivery |
Request for Real Time PET Prices: https://www.procurementresource.com/resource-center/polyethylene-terephthalate-pet-price-trends/pricerequest
One of the most popular kinds of thermoplastic polymer resins is polyethylene terephthalate also known as PET. Like PVC, it is a member of the polyester family. PET is mostly used to make containers for food and drink as well as textile fibres. PET has been recognised as a wholly safe, non-toxic, flexible, lightweight, and recyclable material. The structural formula of PET is (C10H8O4) n.
PTA is combined with MEG and the catalyst solution to create a paste, which is then processed in an esterification system to separate the water. After that, the esterification step's output is delivered to the pre-polycondensation reactor. In order to create bottle-grade chips for the resulting Polyethylene Terephthalate, the polyester melt is either processed into fibres and filaments or transferred to the solid-state polycondensation (SSP) unit.
The top exporting countries in the market of polyethylene terephthalate are the United Arab Emirates, Oman, Hong Kong, and Italy.
Key Details About the PET Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the PET price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The PET Price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting PET Price Trend:
The PET price trend is influenced by its industrial uses which include bottles, jars, carpets, clothing, industrial strapping, and automotive parts. PET is also employed in protective packaging and construction materials.
Key Market Players:
- Exxon Mobil Corporation
- Saudi Basic Industries Corporation (SABIC)
- Versalis S.p.A.
- Chevron Phillips Chemical Company
- Lanxess AG
News and Events:
- In 2022, new improvements were made in the chemical recycling of waste polyethylene terephthalate into materials with added value for sustainable coating solutions.
Related Reports:
- PF(Phenol-Formaldehyde Resins) - https://www.procurementresource.com/resource-center/pf-phenolformaldehyde-resins-price-trends
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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23 February, 2019