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PET is an abbreviation for Polyethylene Terephthalate, a thermoplastic polymer that is widely employed in a variety of applications due to its unique qualities. It is a transparent, durable, and lightweight plastic that is impact, moisture, and chemical resistant. It is also easily recyclable, making it a popular choice for environmentally friendly packaging.
It is widely used to make bottles, jars, and other containers for food and beverages, personal care goods, and household chemicals.
It is well-known for its superior mechanical qualities, which include high tensile strength, impact resistance, and dimensional stability.
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It is also resistant to changes in temperature and UV light. PET is a common choice for packaging applications that demand durability and protection of the contents due to these features.
China, the US, India, Taiwan, and Turkey are the leading PET-producing countries globally.
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 Trend, chart, including India’s PET price, and USA’s PET price, 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:
It is extensively used in the manufacture of food and beverage bottles, jars, and other containers, as well as personal care items and household chemicals.
It is well-known for its superior mechanical qualities, which include high tensile strength, impact resistance, and dimensional stability, making it perfect for packaging applications requiring durability and content protection.
It is used in the textile sector to make polyester fibres, which are used in clothes, carpets, and other products. PET polyester fibres are noted for their strength, durability, and colour retention.
It is used in the manufacture of films such as packaging, labels, and photographic film. PET films are well-known for their clarity, strength, and chemical and moisture resistance.
It is also used to make engineering plastics, which are utilised in a wide range of industrial applications such as automotive parts, electrical and electronic components, and medical equipment. PET-based engineering polymers are well known for their strength, stiffness, and heat and chemical resistance.
It is also utilised as a material for 3D printing, which is a fast-increasing manufacturing technology. Because of their strength, durability, and ease of printing, PET-based filaments are commonly utilised in 3D printing.
Key Players:
Indorama Ventures Public Company Limited
Alpek SAB de CV
SABIC
Sinopec Group
Far Eastern New Century Corporation
Recent News
- February 21, 2023: SK Geo Centric, a South Korean petrochemical firm, will begin building on its recycled polyethylene terephthalate (PET) factory in Saint-Avold, in northeastern France. The factory, with a capacity of 70,000 t/yr PET manufacture, is expected to be completed by 2027.
About Us:
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 tracks 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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