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Report Overview
The global polyethylene terephthalate (PET) compounding market size is estimated to grow at a CAGR of 4.20% in the forecast period of 2025-2034. The major market drivers include the rising of PET compounding for product packaging and the versatility of PET compounding.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
Compound Annual Growth Rate
Value in USD Million
4.2%
2025-2034
Polyethylene Terephthalate (PET) Compounding Market Outlook
*this image is indicative*
Key Trends in the Market
Polyethylene terephthalate (PET) compounding refers to the process of combining PET with different materials and substances in the form of additives and modifiers to product PET with specific qualities. PET is a commonly used polyester and its compounding products are used for a variety of applications, undergoing different levels of polymerisation for its different applications.
- PET compounding is gaining widespread popularity for pipe fittings as it is cost effective, provides stronger resistance against corrosion, and has a longer life span. These features make it a viable option for infrastructure development as well making it a replacement for wood in construction sites, thereby aiding in the expansion of the polyethylene terephthalate (PET) compounding market.
- The demand for packaging has grown in the food and beverages sector which leads to increased production of PET compounding as it provides effective insulation and has lower cost. In the packaging of foods and beverages, PET compounding aids in retaining the freshness of the food and doesn’t break down, keeping the packaged content stable.
- Polyethylene terephthalate compounding product is a good replacement for glass as it does not break or suffer any damage, thus making it a safer option for the storage of products. It is also highly recyclable thus making it a preferred alternative for single use plastics.
Market Segmentation
The EMR’s report titled “Polyethylene Terephthalate (PET) Compounding Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Application
- Packaging
- Industrial Machinery
- Electrical and Electronics
- Automotive
- Construction
- Material Handling
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Share by Application
Packaging applications account for a sizable share of the polyethylene terephthalate (PET) compounding market. It is cost effective and can be used to produce clear packaging that can be tailored easily to different shapes and support innovative designs. PET compounding has a safe formulation which makes it risk-free as it does not mix with the content inside the package. PET compounding applications in the construction sector are also on the rise, as it provides increased strength when used in a mixture with concrete.
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USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Market Share by Region
Asia Pacific holds the sizable share in the global polyethylene terephthalate (PET) compounding market due to the increase in demand for packaging, rising usage of recyclable materials in consumer goods, and expansion of the construction projects. The versatility of PET compounding and vast supply of recycled PET are further supporting the market for PET compounding in the Asia Pacific. Meanwhile, in North America, the increasing demand for food delivery has led to heightened use of effective food packaging.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global polyethylene terephthalate compounding market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
BASF SE
BASF SE is a multinational chemical company, founded in 1865, with headquarters located in Ludwigshafen, Germany. They are major sellers in the chemical and agricultural sector, and also provide their services in nutrition, materials, and industrial solutions. Some of their major selling products are solvents, paints, food additives, adhesives, and pigments.
SABIC
SABIC, also known as or Saudi Arabia’s Basic Industries Corporation, is an active supplier of chemicals, fertilisers, petrochemicals, and polymers. The company was founded in 1976 and its headquarters are situated in Riyadh, Saudi Arabia. They deal in the export of chemicals and fertilisers and provide eco-friendly materials; some of the company’s notable products include HDPE, LDPE, and PP copolymer.
RTP Company
RTP Company, founded in 1982, is a multinational compounder company of thermoplastics. Its headquarters are in Minnesota, United States and they reduce manufacturing costs through their specifically formulated compounds to fulfil consumer needs.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include Polyvisions Inc., and DuPont de Nemours, Inc., among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is expected to grow at a CAGR of 4.20% between 2025 and 2034.
Major driving factors for the market include the versatility in applications of PET compounding, increasing usage of PET compounds for packaging due to its cost effective nature, and use in fibre formation in clothes to prevent wrinkles.
The key trends of the market include its usage in pipe formation to prevent corrosion, rising popularity due to its recyclable properties, and increasing demand as a replacement of glass to prevent breakage due to its high strength.
The various applications of PET compounding include packaging, industrial machinery, electrical and electronics, automotive, construction, and material handling, among others.
PET compounding can enhance the strength, heat resistance, rigidity, and other properties of PET significantly.
PET itself is fully recyclable, and depending upon the additives or modifiers added, most PET compounding products can also be recycled.
The major regions of the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The key market players, according to the report, are BASF SE, Sabic, RTP Company, Polyvisions Inc., and DuPont de Nemours, Inc., among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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