Worldwide PET Engineering Plastics Industry Size: Insights, Growth Trends and Forecast
Report ID : 1350233 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the PET Engineering Plastics Industry is categorized based on Type (Thermoplastic PET, Thermosetting PET) and Application (Packaging, Automotive, Electronics, Textiles, Consumer Goods) and End-Use Industry (Food & Beverage, Healthcare, Building & Construction, Electrical & Electronics, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
In 2023, the size of the PET Engineering Plastics Industry was valued at $18 billion and is anticipated to reach $30 billion by 2033, expanding at a 5.1% CAGR between 2024 and 2033. The report encompasses multiple segments and provides an analysis of significant trends and factors impacting the market.
The PET Engineering Plastics Market is expanding significantly as industries look to transform with new materials that improve product functionality and sustainability. Of all types of plastics, Polyethylene Terephthalate (PET) plastic is famous for its strength, lightweight, and resistance to chemicals as they can be used in many applications in different industries. As processing and product robustness are important to manufactured goods, PET balances both needs as well as the ecological considerations for today's processes.
The need for PET engineering plastics has additionally grown due to the more recently introduced environmental friendly standards. Accompanied by consumer demand and regulatory standards, businesses are looking into options that “green” their processes with no compromise on value. Not only is this changing product design, but it is also stimulating re-inventive the recycling of products and circular economy approaches in the PET industry.
A thorough understanding of the trends, competition, and consumers is key for stakeholders looking to make the most out of the available prospects, particularly as they pertain to the dynamics of the PET Engineering Plastics Market. Strategic choices supported by accurate market research data can be on the right track when it comes to the changing market outlook, as presented in our comprehensive reports which aim to traverse the changing landscape.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | BASF SE, Eastman Chemical Company, DuPont de Nemours Inc., SABIC, Mitsubishi Engineering-Plastics Corporation, Borealis AG, Covestro AG, Teijin Limited, LyondellBasell Industries N.V., Kraton Corporation, Invista S.a.r.l. |
| SEGMENTS COVERED |
By Type - Thermoplastic PET, Thermosetting PET
By Application - Packaging, Automotive, Electronics, Textiles, Consumer Goods
By End-Use Industry - Food & Beverage, Healthcare, Building & Construction, Electrical & Electronics, Others
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
PET Engineering Plastics Industry Dynamics
The PET Engineering Plastics Industry is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
PET Engineering Plastics Industry Segmentations
Market Breakup by Type
- Overview
- Thermoplastic PET
- Thermosetting PET
Market Breakup by Application
- Overview
- Packaging
- Automotive
- Electronics
- Textiles
- Consumer Goods
Market Breakup by End-Use Industry
- Overview
- Food & Beverage
- Healthcare
- Building & Construction
- Electrical & Electronics
- Others
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the PET Engineering Plastics Industry
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- BASF SE
- Eastman Chemical Company
- DuPont de Nemours Inc.
- SABIC
- Mitsubishi Engineering-Plastics Corporation
- Borealis AG
- Covestro AG
- Teijin Limited
- LyondellBasell Industries N.V.
- Kraton Corporation
- Invista S.a.r.l.
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● Detailed profiling of additional market players (up to three players)
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● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
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