Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 38.5 Billion | USD 59.5 Billion | 8.5% | 2021 |
FrequentlyAsked Questions
Government initiatives on growing plastic waste and support for amorphous PET-based plastic have enhanced the performance of the amorphous PET market. Furthermore, the growing young population across the globe, increase in the demand for various clothing, and rise in fashion consciousness among people have led them to opt for moisture barriers based on amorphous PET which is used as a fiber for making various types of clothes.
The global amorphous polyethylene terephthalate market size was worth around USD 38.5 billion in 2021 and is predicted to grow to around USD 59.5 billion by 2028 with a compound annual growth rate (CAGR) of roughly 8.5% between 2022 and 2028.
The global amorphous polyethylene terephthalate market growth is expected to be driven by Asia-Pacific. It is currently the world’s highest revenue-generating market owing to the presence of key players in China and India.
JBF Industries Ltd. Reliance Industries Limited, Quadrant AG, Novapet S.A., Plastiverd, Polisan Holding, Octal, Shahid Tondgooyan Petrochemical Company, Indorama Ventures Public Company Limited (Thailand), Jiangsu Sanfangxiang Group Co., Ltd., PolyQuest, Evergreen Plastics, Inc., Phoenix Technologies, Libolon, Biffa and DAK Americas.
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