Study Period | 2017 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 5.32 Billion |
Market Size (2029) | USD 7.14 Billion |
CAGR (2024 - 2029) | 6.07 % |
Market Concentration | High |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
North America Polyethylene Terephthalate (PET) Market Analysis
The North America Polyethylene Terephthalate (PET) Market size is estimated at 5.32 billion USD in 2024, and is expected to reach 7.14 billion USD by 2029, growing at a CAGR of 6.07% during the forecast period (2024-2029).
The North American PET industry is characterized by a highly consolidated manufacturing landscape, with a significant focus on PET packaging and electronics applications. As of 2022, packaging and electrical/electronics applications dominated the market, collectively accounting for 98.6% of revenue share, highlighting the critical role of Polyethylene Terephthalate (PET) in these sectors. Major industry players are actively expanding their production capabilities, as evidenced by Polyplex's USD 100 million investment in 2023 to expand its US facility, while Eastman Chemicals announced plans to establish a 150-kiloton rPET plant in Texas to address growing market demands.
The packaging sector continues to drive substantial innovation and development in the Polyethylene Terephthalate market, supported by evolving consumer preferences and lifestyle changes. North America has established itself as a dominant force in the global packaging landscape, with the region achieving a significant milestone of 22.4 million tons in plastic packaging production volume during 2022. The industry's growth is further propelled by technological advancements in manufacturing processes, with companies increasingly focusing on developing enhanced PET resin formulations for specific applications in food and beverage packaging.
Sustainability and circular economy initiatives are reshaping the industry landscape, with manufacturers increasingly investing in recycling capabilities and sustainable production methods. The region has witnessed significant corporate activities aimed at strengthening recycling capabilities, exemplified by Alfa SAB de CV's strategic acquisition of OCTAL Holding for USD 620 million to expand its recycling operations. Companies are actively working towards meeting ambitious sustainability targets, with major beverage manufacturers committing to incorporating up to 50% recycled PET content in their packaging by 2030.
The electrical and electronics sector represents a rapidly evolving market for PET applications, demonstrating remarkable growth potential. The industry generated substantial revenue of USD 576.1 billion in 2022, representing 1.6% of the region's GDP. This growth is driven by increasing applications in electronic components, including coil forms, electrical encapsulation, and smart meters. The sector's expansion is further supported by the rising adoption of electric vehicles and autonomous technologies, creating new opportunities for PET applications in advanced electronic systems and components.
North America Polyethylene Terephthalate (PET) Market Trends
Strong growth of technological innovations to augment the overall growth of the industry
- Electrical and electronics production in North America witnessed a CAGR of over 1.4% between 2017 and 2019 owing to the advancement of technology, coupled with the increasing demand for consumer electronics products, such as smart TVs, refrigerators, air conditioners, and other products. The rapid pace of electronic technological innovation is driving the demand for newer and faster electronic products. As a result, it has also increased the electrical and electronics production in the region.
- Electronic device sales in North America fell by around 9% in 2020 compared to 2019, owing to the COVID-19 impact, because of the production facility shutdowns, supply chain disruptions, and various other constraints. As a result, revenue from electrical and electronics production in the region decreased by 4.7% in 2020 compared to the previous year.
- In 2021, the sales of consumer electronics in the region reached around USD 113 billion, 4% higher than in 2020. As a result, North America’s electrical and electronics production grew by 13.8% in 2021 in terms of revenue compared to the previous year.
- By 2027, North America is projected to be the third-largest region for electrical and electronics production and account for a share of around 10.5% of the global market. The emergence of advanced technologies such as virtual reality, IoT solutions, and robotics into consumer electronic products to achieve efficiency and low cost has provided a significant advantage to the consumer electronics industry. The consumer electronics industry in the region is projected to reach a market volume of around USD 161.8 billion by 2027 from USD 127.6 billion in 2023. As a result, the demand for electrical and electronic products in the region is projected to increase.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing investments in the civil aviation and defense sectors to drive the industry
- Strong growth in residential construction to drive the industry
- North America to remain as a net importer of PET resins
- Growing packaging sector to foster the demand for PET bottles
- Government initiatives for electric vehicles to support the automotive production
- Evolving lifestyle to increase the plastic packaging applications
- Volatile crude oil prices and geopolitical factors may highly influence prices of PET resins
- The PET recycling rate in Mexico stood at 56%, the United States at 28.6%, and Canada at 9%
Segment Analysis: End User Industry
Packaging Segment in North American PET Market
The PET packaging segment maintains a commanding position in the North American polyethylene terephthalate (PET) market, accounting for approximately 96% of the total market value in 2024. This dominance is primarily attributed to the extensive use of PET in food and beverage PET packaging applications, particularly in convenience-sized soft drinks, juices, and water bottles. The material's clarity, strength, and lightweight properties make it ideal for packaging applications ranging from salad dressings and peanut butter to cooking oils, mouthwash, shampoo, liquid hand soaps, and window cleaners. The segment's strong performance is further supported by the increasing demand for single-serving and 2-liter bottles of carbonated soft drinks and water across North America, with all such bottles in the United States being manufactured from PET bottle.
![Market Analysis of North America Polyethylene Terephthalate (PET) Market: Chart for End User Industry](https://s3.mordorintelligence.com/north-america-polyethylene-teraphtalate-pet-market/north-america-polyethylene-teraphtalate-pet-market-North-American-PET-Market-Market-Share-by-End-User-Industry-Segment-2024-1737435247155.webp)
Electrical & Electronics Segment in North American PET Market
The electrical and electronics segment is emerging as the fastest-growing sector in the North American PET market, projected to expand at approximately 8% CAGR from 2024 to 2029. This remarkable growth is driven by the increasing adoption of PET film in various applications such as coil forms, electrical encapsulation, electrical devices, solenoids, and smart meters. The segment's expansion is further fueled by PET's essential properties, including being lightweight, stiff, UV-resistant, and dimensionally stable, making it particularly suitable for applications in photovoltaic panels, solar junction boxes, and electrical switches. The growing demand for lightweight components in electronics manufacturing and the increasing utilization of PET film in electronic devices such as mobile phones, LCDs, membranes, and switches are key factors propelling this segment's growth.
Remaining Segments in End User Industry
The other segments in the North American PET market include automotive, building and construction, industrial and machinery, and other end-user industries, each serving specific market needs. The automotive sector utilizes PET in exterior body parts, engine covers, connector housing, and headlamp retainers. The building and construction segment employs PET in exterior wall ceilings and various construction applications. The industrial and machinery sector incorporates PET in food processing and agriculture machinery components. Other end-user industries encompass diverse applications such as consumer goods, locomotive parts, marine components, and medical devices, including sutures and implantable textiles, contributing to the market's overall diversity and application scope. The versatility of PET as a thermoplastic polyester enhances its application across these varied sectors, including the use of PET container in consumer goods.
North America Polyethylene Terephthalate (PET) Market Geography Segment Analysis
Polyethylene Terephthalate (PET) Market in the United States
The United States dominates the North American PET market, commanding approximately 90% of the regional market share in 2024. The country's market leadership is primarily driven by its robust PET packaging industry, particularly in the pharmaceutical and food and beverage sectors. The nation's steadily increasing population, rising income levels, and evolving consumer lifestyles have significantly influenced the demand for PET products. The country's dominance is further strengthened by its extensive manufacturing capabilities and the presence of major PET resin manufacturers. The packaging industry remains the primary consumer of PET resin, with applications ranging from PET bottles to food containers. The electrical and electronics sector has also emerged as a significant consumer, utilizing PET in applications such as coil forms, electrical encapsulation, and smart meters. The United States maintains its competitive edge through continuous technological advancements and a strong focus on sustainable practices in PET production and consumption.
Polyethylene Terephthalate (PET) Market in Mexico
Mexico has emerged as a dynamic force in the North American PET market, projected to grow at approximately 6% CAGR from 2024 to 2029. The country's remarkable growth trajectory is supported by substantial investments in manufacturing infrastructure and expanding end-user industries. Mexico's strategic geographical location and favorable trade agreements have attracted significant investments from major industry players. The country's packaging industry has witnessed substantial growth, particularly in food and beverage applications, driven by changing consumer preferences and increasing urbanization. The electrical and electronics industry has become a key growth driver, with rising demand for PET films in electronic devices such as mobile phones, LCDs, and switches. The country's competitive labor costs and improving technological capabilities have made it an attractive destination for PET manufacturing facilities. Mexico's commitment to sustainable practices and recycling initiatives has further strengthened its position in the regional market.
Polyethylene Terephthalate (PET) Market in Canada
Canada's PET market demonstrates strong potential, driven by its well-established packaging and electrical and electronics industries. The country's market is characterized by its focus on sustainable practices and innovative applications in various end-user industries. Canadian manufacturers have shown particular strength in developing specialized PET products for extreme weather conditions, leveraging their expertise in cold-weather applications. The nation's commitment to environmental sustainability has led to increased adoption of recycling initiatives and eco-friendly PET products. The packaging industry remains the primary consumer of PET resins, with significant demand from food and beverage manufacturers. Canada's strong research and development capabilities have facilitated the development of advanced PET formulations for specialized applications. The country's strategic focus on value-added PET products, including virgin PET, has helped maintain its competitive position in the North American market.
Polyethylene Terephthalate (PET) Market in Other Countries
The remaining North American PET market comprises various smaller markets and territories. These markets, while smaller in scale, play crucial roles in specific niches and contribute to the overall regional market dynamics. Each territory has its unique characteristics and demand patterns, influenced by local industrial development, consumer preferences, and regulatory frameworks. The development of these markets is closely tied to regional economic integration and trade relationships within North America. These territories often serve as testing grounds for new PET applications and innovative products before wider regional rollout. Their market development is supported by the broader regional infrastructure and supply chain networks, enabling efficient distribution and market access. The growing focus on sustainability and circular economy principles is reshaping market dynamics across these territories, driving increased adoption of recycled PET products and sustainable manufacturing practices.
North America Polyethylene Terephthalate (PET) Industry Overview
Top Companies in North American Polyethylene Terephthalate (PET) Market
The leading companies in the North American PET market are demonstrating a strong commitment to innovation and operational excellence through various strategic initiatives. Companies are focusing on developing sustainable solutions, including recycled PET products and eco-friendly manufacturing processes to address growing environmental concerns. Operational agility is being enhanced through the vertical integration of production facilities, allowing better control over raw material supply and cost optimization. Strategic moves in the industry are primarily centered around capacity expansions, with companies investing in new production lines and facility upgrades across the region. Many players are also pursuing partnerships and collaborations to strengthen their distribution networks and enhance their market presence. Additionally, companies are investing in research and development to create specialized grades of PET resin for different applications, particularly in the packaging and electronics sectors.
Consolidated Market with Strong Regional Players
The North American PET market exhibits a highly consolidated structure dominated by a mix of global conglomerates and regional specialists. The market is characterized by the presence of large-scale manufacturers who have established strong footholds through extensive production networks and robust distribution channels. These dominant players have achieved significant market penetration through their integrated operations, spanning from raw material procurement to end-product manufacturing. The competitive landscape is further shaped by the presence of both diversified chemical companies that include PET in their broader portfolio and specialized manufacturers focused solely on PET production.
The market has witnessed significant merger and acquisition activities as companies seek to strengthen their market positions and expand their geographical presence. These consolidation trends are driven by the need to achieve economies of scale, enhance production capabilities, and gain access to new technologies and markets. Companies are increasingly focusing on strategic acquisitions to acquire recycling capabilities and sustainable production technologies, reflecting the growing importance of environmental considerations in the industry. The market also sees collaboration between manufacturers and end-users, particularly in the packaging sector, to develop customized solutions and ensure stable demand.
Innovation and Sustainability Drive Future Success
For incumbent companies to maintain and increase their market share, focusing on technological innovation and sustainable practices will be crucial. Market leaders need to invest in advanced manufacturing processes that improve efficiency and reduce environmental impact. Developing specialized grades of PET for high-value applications in the electronics and automotive sectors can help companies differentiate their offerings. Additionally, establishing strong relationships with key end-users, particularly in the packaging industry, through long-term supply agreements and collaborative development projects will be essential for maintaining market position.
For contenders looking to gain ground, focusing on niche markets and specialized applications could provide opportunities for growth. Companies need to consider the significant concentration of demand in the packaging sector while exploring emerging applications in other industries. The risk of substitution from alternative materials, particularly in packaging applications, necessitates continuous innovation in product development. Future success will also depend on companies' ability to navigate evolving regulatory landscapes, particularly regarding recycling requirements and environmental regulations. Building strong recycling capabilities and developing sustainable products will become increasingly important for both market leaders and challengers in the polyethylene terephthalate market.
North America Polyethylene Terephthalate (PET) Market Leaders
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Alfa S.A.B. de C.V.
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Eastman Chemical Company
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Formosa Plastics Group
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Indorama Ventures Public Company Limited
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Polyplex
- *Disclaimer: Major Players sorted in no particular order
North America Polyethylene Terephthalate (PET) Market News
- January 2023: Polyplex started its new PET film line and offline coater in the United States to service domestic demand and increase the capacity by 50 kilotons.
- September 2022: Eastman announced an agreement with Ethicon, a Johnson & Johnson MedTech company, to source Eastman Renew materials for its medical device sterile-barrier packaging.
- July 2022: Alfa SAB de CV restarted construction of the integrated PTA-PET plant in Corpus Christi, Texas, via a joint venture (Corpus Christi Polymers) with Indorama Ventures and Far Eastern New Century.
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.
North America Polyethylene Terephthalate (PET) Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
-
4.1 End User Trends
- 4.1.1 Aerospace
- 4.1.2 Automotive
- 4.1.3 Building and Construction
- 4.1.4 Electrical and Electronics
- 4.1.5 Packaging
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4.2 Import And Export Trends
- 4.2.1 Polyethylene Terephthalate (PET) Trade
- 4.3 Price Trends
- 4.4 Form Trends
-
4.5 Recycling Overview
- 4.5.1 Polyethylene Terephthalate (PET) Recycling Trends
-
4.6 Regulatory Framework
- 4.6.1 Canada
- 4.6.2 Mexico
- 4.6.3 United States
- 4.7 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 End User Industry
- 5.1.1 Automotive
- 5.1.2 Building and Construction
- 5.1.3 Electrical and Electronics
- 5.1.4 Industrial and Machinery
- 5.1.5 Packaging
- 5.1.6 Other End-user Industries
-
5.2 Country
- 5.2.1 Canada
- 5.2.2 Mexico
- 5.2.3 United States
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
-
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).
- 6.4.1 Alfa S.A.B. de C.V.
- 6.4.2 Eastman Chemical Company
- 6.4.3 Far Eastern New Century Corporation
- 6.4.4 Formosa Plastics Group
- 6.4.5 Indorama Ventures Public Company Limited
- 6.4.6 JBF Industries Ltd
- 6.4.7 Kimex SA de CV
- 6.4.8 Polyplex
- 6.4.9 Reliance Industries Limited
- 6.4.10 SABIC
7. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, NORTH AMERICA, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, NORTH AMERICA, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, NORTH AMERICA, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, NORTH AMERICA, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, NORTH AMERICA, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 8:
- NORTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, PRICE TRENDS, BY COUNTRY, USD PER KG, 2017-2021
- Figure 9:
- REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) BY FORM TYPE, USD, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 10:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 11:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 12:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 13:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 14:
- VOLUME SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 15:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 16:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 17:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 18:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 19:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 20:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 21:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 22:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 23:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 24:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 25:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 26:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 27:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 28:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 29:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 30:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 31:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 32:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 33:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 34:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 35:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 36:
- VOLUME SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 37:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 38:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, CANADA, 2017 - 2029
- Figure 39:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, CANADA, 2017 - 2029
- Figure 40:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, CANADA, 2022 VS 2029
- Figure 41:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, MEXICO, 2017 - 2029
- Figure 42:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, MEXICO, 2017 - 2029
- Figure 43:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, MEXICO, 2022 VS 2029
- Figure 44:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, UNITED STATES, 2017 - 2029
- Figure 45:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, UNITED STATES, 2017 - 2029
- Figure 46:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2022 VS 2029
- Figure 47:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, NORTH AMERICA, 2019 - 2021
- Figure 48:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2019 - 2021
- Figure 49:
- PRODUCTION CAPACITY SHARE OF POLYETHYLENE TEREPHTHALATE (PET) BY MAJOR PLAYERS, %, NORTH AMERICA, 2022
North America Polyethylene Terephthalate (PET) Industry Segmentation
Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Canada, Mexico, United States are covered as segments by Country.End User Industry | Automotive |
Building and Construction | |
Electrical and Electronics | |
Industrial and Machinery | |
Packaging | |
Other End-user Industries | |
Country | Canada |
Mexico | |
United States |
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. |
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