In 2016, the global PET supply is anticipated to exceed 26.29 mln tons, as per Merchant Research & Consulting. Between 2004 and 2012, the world polyethylene terephthalate (PET) production witnessed stable positive growth and increased by approximately 7% annually. The PET supply grew from 11.3 mln tons in 2004 to more than 19.8 mln tons in 2012. The market growth rates declined a bit during the recessionary years, but in 2010, the market began gaining pace. Asia ranked the world’s leading PET supplier with the production volume standing at over 9.5 mln tons in 2012. China, the US, Mexico, Taiwan and South Korea were the top five PET manufacturing countries; in 2012, their combined share of the overall PET supply was equivalent to above 54%. In the same year, the polyester fibers production was the major PET application area.
The world PET production is poised to continue following a stable growth trend, driven mainly by the increasing demand worldwide, expanding product applications as well as scheduled capacity additions. In 2016, the global PET supply is anticipated to exceed 26.29 mln tons.
18-Feb-14 
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