logo

Africa Polyethylene Terephthalate (PET) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Africa Polyethylene Terephthalate (PET) Market is segmented by End User Industry (Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging) and by Country (Nigeria, South Africa). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

INSTANT ACCESS

Home right-chevron-icon Market Analysis right-chevron-icon Chemicals & Materials Research right-chevron-icon Plastics, Polymers, and Elastomers Research right-chevron-icon Africa Polyethylene Terephthalate (PET) Market

Africa Polyethylene Terephthalate (PET) Market Size

Africa Polyethylene Terephthalate (PET) Market Summary
share button
svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 586.26 Million
svg icon Market Size (2029) USD 815.38 Million
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2029) 6.82 %
svg icon Largest Share by Country South Africa
svg icon Market Concentration High

Major Players
major-player-company-image

*Disclaimer: Major Players sorted in alphabetical order.

Key Players

Compare market size and growth of Africa Polyethylene Terephthalate (PET) Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

WHY BUY FROM US?

1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE
KNOW MORE

Africa Polyethylene Terephthalate (PET) Market Analysis

The Africa Polyethylene Terephthalate (PET) Market size is estimated at 586.26 million USD in 2024, and is expected to reach 815.38 million USD by 2029, growing at a CAGR of 6.82% during the forecast period (2024-2029).

586.26 Million

Market Size in 2024 (USD)

815.38 Million

Market Size in 2029 (USD)

5.25 %

CAGR (2017-2023)

6.82 %

CAGR (2024-2029)

Largest Market by End-user Industry

98.12 %

value share, Packaging, 2023

Icon image

Due to the wide range of applications, including bottles, jars, and containers, specifically in the food and beverages industry, the packaging industry held the largest market share.

Fastest Growing Market by End-user Industry

11.64 %

Projected CAGR, Electrical and Electronics, 2024-2029

Icon image

Due to the rising automotive application of PET, owing to its properties such as lightweight, high strength, and stiffness electronics is projected to be the fastest growing end-user.

Largest Market by Country

25.62 %

value share, South Africa, 2023

Icon image

South Africa held the largest share of the African PET market in line with its huge volume share of around 29.92% in regional plastic packaging production.

Fastest Growing Market by Country

6.07 %

Projected CAGR, South Africa, 2024-2029

Icon image

With plastic packaging production likely to record a CAGR of 4.03% during the forecast period, South Africa is forecast to be the fastest-growing country in the market.

Leading Market Player

76.19 %

market share, Safripol division of KAP Diversified Industrial (Pty) Ltd, 2022

Icon image

In 2022, the company held the largest market share and accounted for the highest production capacity of PET resin in Africa, amounting to around 240 kilotons per year.

Automotive segment to record the fastest-growing demand for PET

  • Polyethylene terephthalate has a transparent and semi-crystalline nature, which makes it suitable for a wide range of applications in the packaging and electrical and electronics industries, such as packaging foods and beverages, especially in the bottling of convenience-sized soft drinks, juices, and water, and coil forms for electrical encapsulation, electrical devices, solenoids, and smart meters. In 2022, the African PET resin market grew by 7.69% in value over 2021.
  • The packaging segment is the largest end-user industry in the regional market due to significant factors such as the sizes of families becoming smaller and a substantial increase in single-person homes, which is resulting in higher demand for functional, prepackaged, and convenient food products. African plastic packaging production reached a volume of 3.13 million tons in 2022 and is likely to record a CAGR of 4.69% during the forecast period (2023-2029). Such factors are expected to increase the demand for polyethylene terephthalate in the region during the forecast period.
  • Automotive is the fastest-growing end-user industry in the region by revenue, expected to record a CAGR of 10.59% during the forecast period (2023-2029). The rapid pace of technological innovation is driving demand for newer and faster automotive products. The initiatives taken by governments in the African region to promote electric vehicles in their respective countries are expected to boost the demand for PET in the near future. The region's vehicle production is projected to reach 1.74 million units by 2029, growing from 1.19 million units in 2022. As a result, the increase in automotive production in the region is projected to drive the demand for PET resin in the future.
Africa Polyethylene Terephthalate (PET) Market

South Africa to remain the major PET consumer in Africa

  • PET has a wide range of applications in the packaging and electrical and electronics industries, including in packaging foods and beverages, specifically convenience-sized soft drinks, water, coil forms, electrical encapsulation, electrical devices, and smart meters. Africa accounted for nearly 2.15% of the global consumption of PET resin in 2022. The resins exhibit versatile properties, which find applications in various other industries as well.
  • South Africa is the region's largest consumer country of PET resin due to the rising packaging production in the country. South Africa's packaging industry held a revenue share of 25.79% in 2022 in the African PET market. Plastic packaging production in the country increased at an annual rate of 2.20% in 2022 and reached around 0.94 million tons. South Africa is also the fastest-growing country in the region, with a CAGR of 6.24% by value, and it is likely to create more demand for the market in the future.
  • Nigeria is the second-largest country in the African PET resin market, which is expected to register a CAGR of 5.86% in terms of value during the forecast period (2023-2029). The country’s demand for PET resin is increasing significantly due to rising plastic packaging production. The plastic packaging production in the country reached around 0.30 million tons in 2022 from around 0.28 million tons in 2021.
  • Automotive is the fastest-growing end-user industry in the African region, which is expected to register a revenue CAGR of around 10.59% over the forecast period. Several African countries are investing in local automotive manufacturing to meet the growing demand for vehicles and reduce reliance on imports.

Africa Polyethylene Terephthalate (PET) Market Trends

Manufacturing on the rise to tackle the rapidly growing demand

  • South Africa is the leading manufacturing hub in Africa. Its manufacturing capabilities, efficient logistics network, and preferential regional market access position the country as an ideal location for electronics companies seeking to supply their products to Africa. South Africa has a diverse electronics industry that ranges from electrical machinery, household appliances, and telecommunication equipment to consumer electronics. In 2022, the African region imported around 70% of its local electrical and electronics demand.
  • The consumer electronics industry still relies heavily on imports. According to estimates, South Africa brought 60% of all consumer electronics into Africa in 2018. In 2020, the electrical and electronic production in the country decreased at a growth rate of around 3.2%, by revenue, compared to the previous year, owing to the widespread lockdown adopted by the government and the supply chain disruption faced due to the lockdown. In the feature phone space, shipments were down by 26.6% to 21.9 million units as vendors were transitioning away from these devices toward entry-level smartphones. All such factors led to a decrease in the production of electrical and electronic components in the region at a CAGR of -9.41% from 2020 to 2022.
  • The government is focused on promoting and supporting domestic manufacturing, R&D, and developing safety standards for the electrical and electronics manufacturing industry. The output of electrical and electronic industrial components is anticipated to record a CAGR of 6.28% during the forecast period (2023-2029) to supply the emerging African middle-class population.
Africa Polyethylene Terephthalate (PET) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Rising demand for commercial and military aircraft to drive component production
  • Developing economies and government policies boosting construction infrastructure
  • South Africa to dominate the trade of PET resin
  • PET bottles to dominate market demand in the region
  • Cheap labor and raw materials are drawing foreign investments
  • Packaged food and beverages leading the demand for plastic packaging solutions
  • Crude oil price to influence the PET resin price
  • The PET recycling rate in South Africa reaches 62% followed by Nigeria at 15-20% Morocco at 5-10%, and Ghana at 1-2% in 2021

Africa Polyethylene Terephthalate (PET) Industry Overview

The Africa Polyethylene Terephthalate (PET) Market is fairly consolidated, with the top five companies occupying 100%. The major players in this market are Alfa S.A.B. de C.V., Indorama Ventures Public Company Limited, Reliance Industries Limited, SABIC and Safripol division of KAP Diversified Industrial (Pty) Ltd (sorted alphabetically).

Africa Polyethylene Terephthalate (PET) Market Leaders

  1. Alfa S.A.B. de C.V.

  2. Indorama Ventures Public Company Limited

  3. Reliance Industries Limited

  4. SABIC

  5. Safripol division of KAP Diversified Industrial (Pty) Ltd

Africa Polyethylene Terephthalate (PET) Market Concentration

Other important companies include Far Eastern New Century Corporation, JBF Industries Ltd.

*Disclaimer: Major Players sorted in alphabetical order.

bookmark Need More Details on Market Players and Competitors?
Download PDF

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.

Africa Polyethylene Terephthalate (PET) Market
Africa Polyethylene Terephthalate (PET) Market
Africa Polyethylene Terephthalate (PET) Market
Africa Polyethylene Terephthalate (PET) Market

Africa Polyethylene Terephthalate (PET) Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study​

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 End User Trends

      1. 4.1.1 Aerospace

      2. 4.1.2 Automotive

      3. 4.1.3 Building and Construction

      4. 4.1.4 Electrical and Electronics

      5. 4.1.5 Packaging

    2. 4.2 Import And Export Trends

      1. 4.2.1 Polyethylene Terephthalate (PET) Trade

    3. 4.3 Price Trends

    4. 4.4 Form Trends

    5. 4.5 Recycling Overview

      1. 4.5.1 Polyethylene Terephthalate (PET) Recycling Trends

    6. 4.6 Regulatory Framework

      1. 4.6.1 Nigeria

      2. 4.6.2 South Africa

    7. 4.7 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 5.1 End User Industry

      1. 5.1.1 Automotive

      2. 5.1.2 Building and Construction

      3. 5.1.3 Electrical and Electronics

      4. 5.1.4 Industrial and Machinery

      5. 5.1.5 Packaging

      6. 5.1.6 Other End-user Industries

    2. 5.2 Country

      1. 5.2.1 Nigeria

      2. 5.2.2 South Africa

      3. 5.2.3 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 6.4.1 Alfa S.A.B. de C.V.

      2. 6.4.2 Far Eastern New Century Corporation

      3. 6.4.3 Indorama Ventures Public Company Limited

      4. 6.4.4 JBF Industries Ltd

      5. 6.4.5 Reliance Industries Limited

      6. 6.4.6 SABIC

      7. 6.4.7 Safripol division of KAP Diversified Industrial (Pty) Ltd

  7. 7. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (DROs)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, AFRICA, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, AFRICA, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, AFRICA, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, AFRICA, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, AFRICA, 2017 - 2029
  1. Figure 6:  
  2. IMPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, AFRICA, 2017 - 2021
  1. Figure 7:  
  2. EXPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, AFRICA, 2017 - 2021
  1. Figure 8:  
  2. AFRICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, PRICE TRENDS, BY COUNTRY, USD PER KG, 2017-2021
  1. Figure 9:  
  2. REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) BY FORM TYPE, USD, AFRICA, 2017, 2023, AND 2029
  1. Figure 10:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, AFRICA, 2017 - 2029
  1. Figure 11:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, AFRICA, 2017 - 2029
  1. Figure 12:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 13:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, USD, AFRICA, 2017 - 2029
  1. Figure 14:  
  2. VOLUME SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 15:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 16:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 17:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, AFRICA, 2017 - 2029
  1. Figure 18:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
  1. Figure 19:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 20:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, AFRICA, 2017 - 2029
  1. Figure 21:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
  1. Figure 22:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 23:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, AFRICA, 2017 - 2029
  1. Figure 24:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
  1. Figure 25:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 26:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, AFRICA, 2017 - 2029
  1. Figure 27:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
  1. Figure 28:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 29:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY, USD, AFRICA, 2017 - 2029
  1. Figure 30:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
  1. Figure 31:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, AFRICA, 2017 - 2029
  1. Figure 33:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, AFRICA, 2022 VS 2029
  1. Figure 34:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 35:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, USD, AFRICA, 2017 - 2029
  1. Figure 36:  
  2. VOLUME SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 37:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 38:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, NIGERIA, 2017 - 2029
  1. Figure 39:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, NIGERIA, 2017 - 2029
  1. Figure 40:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2029
  1. Figure 41:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, SOUTH AFRICA, 2017 - 2029
  1. Figure 42:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, SOUTH AFRICA, 2017 - 2029
  1. Figure 43:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2022 VS 2029
  1. Figure 44:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, REST OF AFRICA, 2017 - 2029
  1. Figure 45:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, REST OF AFRICA, 2017 - 2029
  1. Figure 46:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, REST OF AFRICA, 2022 VS 2029
  1. Figure 47:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, AFRICA, 2019 - 2021
  1. Figure 48:  
  2. MOST ADOPTED STRATEGIES, COUNT, AFRICA, 2019 - 2021
  1. Figure 49:  
  2. PRODUCTION CAPACITY SHARE OF POLYETHYLENE TEREPHTHALATE (PET) BY MAJOR PLAYERS, %, AFRICA, 2022

Africa Polyethylene Terephthalate (PET) Industry Segmentation

Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Nigeria, South Africa are covered as segments by Country.

  • Polyethylene terephthalate has a transparent and semi-crystalline nature, which makes it suitable for a wide range of applications in the packaging and electrical and electronics industries, such as packaging foods and beverages, especially in the bottling of convenience-sized soft drinks, juices, and water, and coil forms for electrical encapsulation, electrical devices, solenoids, and smart meters. In 2022, the African PET resin market grew by 7.69% in value over 2021.
  • The packaging segment is the largest end-user industry in the regional market due to significant factors such as the sizes of families becoming smaller and a substantial increase in single-person homes, which is resulting in higher demand for functional, prepackaged, and convenient food products. African plastic packaging production reached a volume of 3.13 million tons in 2022 and is likely to record a CAGR of 4.69% during the forecast period (2023-2029). Such factors are expected to increase the demand for polyethylene terephthalate in the region during the forecast period.
  • Automotive is the fastest-growing end-user industry in the region by revenue, expected to record a CAGR of 10.59% during the forecast period (2023-2029). The rapid pace of technological innovation is driving demand for newer and faster automotive products. The initiatives taken by governments in the African region to promote electric vehicles in their respective countries are expected to boost the demand for PET in the near future. The region's vehicle production is projected to reach 1.74 million units by 2029, growing from 1.19 million units in 2022. As a result, the increase in automotive production in the region is projected to drive the demand for PET resin in the future.
End User Industry
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Country
Nigeria
South Africa
Rest of Africa
customize-icon Need A Different Region Or Segment?
Customize Now

Market Definition

  • End-user Industry - Building & Construction, Packaging, Automotive, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polyethylene terephthalate market.
  • Resin - Under the scope of the study, virgin polyethylene terephthalate resin in primary forms such as liquid, powder, pellet, etc. are considered.
Keyword Definition
Acetal This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc.
Acrylic This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation.
Cast film A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion.
Colorants & Pigments Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix.
Composite material A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements.
Degree of Polymerization (DP) The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands.
Dispersion To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion.
Fiberglass Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass.
Fiber-reinforced polymer (FRP) Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt.
Flake This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics.
Fluoropolymers This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc.
Kevlar Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid.
Laminate A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width.
Nylon They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids.
PET preform A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container.
Plastic compounding Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers.
Plastic pellets Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic.
Polymerization It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds.
Styrene Copolymers A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate.
Thermoplastics Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties.
Virgin Plastic It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials.
bookmark Need More Details on Market Definition?
Ask a Question

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
research-methodology
download-icon Get More Details On Research Methodology
Download PDF
close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
03. Exhaustive Data
Tracking a million data points on the engineering plastics industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the engineering plastics industry.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.

Africa Polyethylene Terephthalate (PET) Market Research FAQs

The Africa Polyethylene Terephthalate (PET) Market size is expected to reach USD 586.26 million in 2024 and grow at a CAGR of 6.82% to reach USD 815.38 million by 2029.

In 2024, the Africa Polyethylene Terephthalate (PET) Market size is expected to reach USD 586.26 million.

Alfa S.A.B. de C.V., Indorama Ventures Public Company Limited, Reliance Industries Limited, SABIC and Safripol division of KAP Diversified Industrial (Pty) Ltd are the major companies operating in the Africa Polyethylene Terephthalate (PET) Market.

In the Africa Polyethylene Terephthalate (PET) Market, the Packaging segment accounts for the largest share by end user industry.

In 2024, South Africa accounts for the largest share by country in the Africa Polyethylene Terephthalate (PET) Market.

In 2023, the Africa Polyethylene Terephthalate (PET) Market size was estimated at 586.26 million. The report covers the Africa Polyethylene Terephthalate (PET) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Polyethylene Terephthalate (PET) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Africa Polyethylene Terephthalate (PET) Industry Report

Statistics for the 2023 Africa Polyethylene Terephthalate (PET) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa Polyethylene Terephthalate (PET) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Africa Polyethylene Terephthalate (PET) Market Report Snapshots

Africa Polyethylene Terephthalate (PET) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029