Amorphous Polyethylene Terephthalate market to register CAGR of 7.5% from 2015 to 2020

25-Mar-16

The global amorphous PET market is projected to reach US$36.40 bln by 2020, at a CAGR of 7.5% from 2015 to 2020, as per Reportlinker. Increasing usage of amorphous PET in packaged foods and beverages industries is one of the factors driving the growth of the global amorphous PET market. Easy availability of amorphous PET is another factor that has positive impact on increased applications of amorphous PET across various end user industries. The bottles application segment is projected to maintain the highest market share in the global amorphous PET market between 2015 and 2020. Among applications, the bottles segment is estimated to account for the largest share in the global amorphous PET market, owing to its increased usage in the packaging of beverages, and personal care and house cleaning products. The amorphous PET market in the Asia-Pacific region is estimated to witness the highest growth during the forecast period, 2015 to 2020. The Asia-Pacific amorphous PET market is expected to register the highest CAGR between 2015 and 2020. The growth of the amorphous PET market in the Asia-Pacific and European regions is driven by the increasing demand for amorphous PET from industries, such as beverages and films/sheets. China is estimated to lead the Asia-Pacific amorphous PET market during the forecast period, followed by India and Japan. The Asia-Pacific region is estimated to hold the largest share in the global amorphous PET market in 2015.