United States PET (Resin) Market was valued at USD 9.5 Billion in 2022 and is projected to reach USD 13.8 Billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030.
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The Us Pet (Resin) Market Has Seen Significant Growth, Driven By Various Industries That Heavily Rely On Its Properties For Diverse Applications. Pet, Or Polyethylene Terephthalate, Is A Thermoplastic Polymer Resin, Widely Used In The Production Of Fibers, Containers, And Films. This Versatile Resin Is Not Only Lightweight And Durable But Also Offers Excellent Clarity, Making It A Preferred Material For Industries Such As Packaging, Textiles, And Automotive Manufacturing.
One Of The Most Notable Uses Of Pet Resin Is In The Packaging Industry, Especially For Beverage Bottles. Pet Offers An Ideal Balance Of Strength, Transparency, And Recyclability, Which Makes It A Top Choice For Food And Beverage Companies. In Fact, Approximately 70% Of All Pet Produced In The Us Is Used In Packaging, Particularly For Single-Use Plastic Bottles. With Growing Environmental Concerns, There Has Been An Increased Push Towards Using Recycled Pet (Rpet), Leading To A Surge In Demand For Sustainable Packaging Solutions.
In The Textile Industry, Pet Fibers Are Extensively Used For Producing Clothing, Home Furnishings, And Industrial Textiles. The Demand For Synthetic Fibers Made From Pet Continues To Rise, Owing To Their Durability, Low Maintenance, And Cost-Effectiveness. Additionally, Pet-Based Fabrics Are Also Sought After For Their Ability To Retain Shape And Resist Shrinkage.
The Automotive Industry Is Another Major Consumer Of Pet Resin, Where It Is Used In Producing Lightweight Components, From Bumpers To Interior Panels. As Manufacturers Strive To Meet Fuel Efficiency And Sustainability Targets, Pet’S Lightweight Yet Strong Properties Make It A Key Material In Reducing Overall Vehicle Weight.
The Increasing Need For High-Quality, Low-Cost Materials Across Various Sectors Has Led To Continuous Innovation In Pet Resin Production. Advances In Polymerization Technologies And Recycling Techniques Promise To Expand The Market'S Potential, Catering To Industries Looking For Both High Performance And Eco-Friendly Solutions. As Industries Continue To Require More Efficient And Sustainable Materials, The Us Pet (Resin) Market Is Expected To Grow At A Steady Pace, Driven By Innovations In Packaging, Textiles, And Automotive Components.
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Indorama Ventures (Thailand)
M&G Chemicals (Luxembourg)
Jiangsu Sanfangxiang (China)
Far Eastern New Century (Taiwan)
Alpex (Mexico)
BASF (Germany)
Toray Industries (Japan)
DSM (Netherlands)
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US PET (Resin) Market
Food and Beverage
Consumer Goods
Automotive
Pharmaceuticals
Electronics
Construction
Multifunctional PET
Thermoplastics PET
Recycled PET (rPET)
Preforms
Films and Sheets
Bottles
Packaging (Flexible and Rigid)
Textiles
Automotive Parts
Household Products
Standard PET
Specialty PET
Color PET
Barrier PET
Enhancement Additives PET
Polymerization Process
Extrusion Process
Injection Molding
Blow Molding
Thermoforming
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US PET (Resin) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US PET (Resin) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US PET (Resin) Market, By Type
6. US PET (Resin) Market, By Application
7. US PET (Resin) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US PET (Resin) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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