Amorphous polyethylene terephthalate (APET) is a thermoplastic sheet manufactured through extrusion of polyethylene terephthalate (PET). Amorphous polyethylene terephthalate offers excellent clarity, gloss, and mechanical and thermoforming characteristics. It is an effective barrier to oxygen, nitrogen, and carbon dioxide, thereby, suitable for modified atmosphere packaging (MAP).
The increasing demand for amorphous polyethylene terephthalate from the food & beverage industry is the major driver of the global amorphous polyethylene terephthalate market. The use of APET in food & beverage packaging is increasing due to the high chemical and solvent resistance, which helps in ehancing shelf life of the food. The increasing demand for ready-to-go food products due to the changing consumption pattern is expected to drive the market growth during the assessment period.
Some of the leading manufacturers operating in the global amorphous polyethylene terephthalate market are JBF Industries Ltd. (India), Reliance Industries Limited (India), China Petroleum & Chemical Corporation (China), Covestro AG (Germany), Jiangsu Sanfangxiang Group Co., Ltd. (China), M&G Chemicals (Italy), Petro Polymer Shargh (Iran), the Quadrant group of companies (Switzerland), LOTTE Chemical CORPORATION (Korea), Polisan Holding (Turkey), TEIJIN LIMITED (Japan), Equipolymers (Germany), Alpek Polyester (U.S.), and others .
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The global amorphous polyethylene terephthalate market is segmented by additives, application, end-use industry, and region.
On the basis of the additives, it is segmented into chain extenders, nucleating agents, solid stating accelerators, nucleating agents, impact modifiers, and others.
Based on the applications, the global market is segmented into bottles, packaging, gear housings, seats & engine covers, and others.
By end-use industries, the market is segmented into food & beverage, pharmaceuticals, automotive, textiles, electronics & electrical, and others.
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The global amorphous polyethylene terephthalate market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific accounted for a major market share in the global amorphous polyethylene terephthalate market in 2016 owing to the high demand from major end-use industries such as food & beverage, automotive, electronics, and textiles in this region. This growth is attributed to the expanding packaging industry in countries such as China, India, and Japan.
North America was the second largest region in the global amorphous polyethylene terephthalate market on account of the high demand from the food & beverage industries in the U.S. and Canada. High penetration of the APET in cosmetics, personal care products, and pharmaceuticals is another major driver of the market in the region.
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Key Market Opportunities
New product launches and R&D Amongst major key Players
Key Market Drivers
increasing demand for amorphous polyethylene terephthalate from the food & beverage industry
increasing demand for ready-to-go food products due to the changing consumption pattern
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