Market by Type, Material, Application, and Country | Forecast 2021-2028
According to Triton’s analysis, the polyethylene terephthalate (PET) market in Latin America is likely to expand with a CAGR of 6.87% in terms of value, and a CAGR of 6.23% in terms of volume, respectively, during the forecasting years from 2021-2028.
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The market in this region
analyzes:
• Brazil
• Mexico
• Rest of Latin America countries
Brazil ranks seventh in the
world in terms of PET resin production. It produces around 1,009 kilotons of
PET resin every year. The country is also known for its packaging industry,
which is the fifth-largest in the world in terms of sales, and also accounts
for 1.5% of the national GDP. With the growing consumer awareness as well as
environmental concerns, there has been an increase in the demand for sustainable
packaging. This has resulted in a higher demand for polyethylene terephthalate,
which, in turn, will spur the growth of the studied market in Brazil in the
years to come.
Further, Brazil’s automotive
industry is one of the nation’s major economic industries, contributing 22% to
its industrial GDP, and 4% to the national GDP. Despite witnessing a major
slump some years back, the national economy is on a path to recovery. And thus,
the automotive sector’s growth rate has also picked up pace. PET is used in
this industry for making automotive parts, as it helps reduce the overall
weight of the vehicles. Thus, the growing demand from the automotive sector is
fostering the growth of the polyethylene terephthalate market in Brazil.
Alpek SAB de CV is involved in
the petrochemical business. It operates through two major segments, the first
being Polyester, and the other being Plastic and Chemicals. The company offers
a wide range of products apart from polyethylene terephthalate (PET). It was
founded in 1975 and is based in Mexico. It is headquartered in San Pedro Garza
Garcoa, Nuevo León. Since November 2018, Alpek has been operating PET
production in M&G Mexico.
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VIEW REPORT1. LATIN
AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY
INSIGHTS
2.1.1. INCREASED
DEMAND FOR BOTTLED WATER
2.1.2. GROWING
USAGE OF BIODEGRADABLE PLASTICS
2.2. IMPACT
OF COVID-19 – POLYETHYLENE TEREPHTHALATE (PET) MARKET
2.3. PORTERS
FIVE FORCE ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. ACQUISITIONS
2.6.2. PARTNERSHIP
& AGREEMENTS
2.6.3. BUSINESS
EXPANSION
2.7. MARKET
DRIVERS
2.7.1. RISING
ADOPTION OF READY-MADE FOODS
2.7.2. ADVANCEMENTS
IN POLYETHYLENE TEREPHTHALATE (PET) MARKET
2.7.3. BUDDING
INTEREST IN ECOLOGICAL PACKAGING
2.8. MARKET
RESTRAINTS
2.8.1. STRINGENT
RULES IMPOSED BY REGULATORY FIRMS
2.8.2. INCREASING
USAGE OF SUBSTITUTE PRODUCTS
2.9. MARKET
OPPORTUNITIES
2.9.1. INCREASING
DEMAND FOR BIO-BASED POLYETHYLENE TEREPHTHALATE (PET)
3. LATIN
AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET OUTLOOK – BY TYPE
3.1. CUPS
3.2. CANS
3.3. BOTTLES
3.4. POUCHES
3.5. OTHERS
4. LATIN
AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET OUTLOOK – BY MATERIAL
4.1. GLASS
4.2. PLASTIC
4.3. METAL
4.4. PAPERBOARD
4.5. OTHERS
5. LATIN
AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET OUTLOOK – BY APPLICATION
5.1. FOOD
AND BEVERAGE
5.2. AUTOMOTIVE
5.3. ELECTRICAL
AND ELECTRONICS
5.4. HEALTHCARE
5.5. CONSUMER
GOODS
5.6. OTHER
END USERS
6. LATIN
AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET – REGIONAL OUTLOOK
6.1. BRAZIL
6.2. MEXICO
6.3. REST
OF LATIN AMERICA
7. COMPETITIVE
LANDSCAPE
7.1. RELIANCE
INDUSTRIES
7.2. LOTTE
CHEMICAL CORPORATION
7.3. JBF
INDUSTRIES LTD
7.4. ROYAL
DSM
7.5. BASF
SE
7.6. ALPEK
SAP DE CV
7.7. CHINA
RESOURCES CHEMICAL MATERIALS TECHNOLOGY LTD
7.8. FAR
EASTERN NEW CENTURY CORPORATION
7.9. HENGLI
GROUP LTD
7.10. JIANGSU
SANFANGXIANG GROUP
7.11. OCTAL
7.12. SAUDI
BASICS INDUSTRIES CORP
7.13. SINOPEC
GROUP
7.14. INDORAMA
VENTURES PUBLIC COMPANY LTD
7.15. M&G
CHEMICALS
8. METHODOLOGY
& SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: MARKET ATTRACTIVENESS
INDEX
TABLE 2: VENDOR SCORECARD
TABLE 3: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 4: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY COUNTRY, 2021-2028 (IN KILOTON)
TABLE 5: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 6: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 7: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA POLYETHYLENE
TEREPHTHALATE (PET) MARKET, BY MATERIAL, 2021-2028 (IN KILOTON)
TABLE 9: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN $
MILLION)
TABLE 10: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION, 2021-2028 (IN KILOTON)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY CUPS, 2021-2028 (IN $ MILLION)
FIGURE 3: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY CANS, 2021-2028 (IN $ MILLION)
FIGURE 4: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY BOTTLES, 2021-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY POUCHES, 2021-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY GLASS, 2021-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY PLASTIC, 2021-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY METAL, 2021-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY PAPERBOARD, 2021-2028 (IN $
MILLION)
FIGURE 11: LATIN AMERICA POLYETHYLENE
TEREPHTHALATE (PET) MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY FOOD AND BEVERAGE, 2021-2028 (IN $
MILLION)
FIGURE 13: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY AUTOMOTIVE, 2021-2028 (IN $
MILLION)
FIGURE 14: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY ELECTRICAL AND ELECTRONICS,
2021-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY HEALTHCARE, 2021-2028 (IN $
MILLION)
FIGURE 16: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY CONSUMER GOODS, 2021-2028 (IN $
MILLION)
FIGURE 17: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY OTHER END USERS, 2021-2028 (IN $
MILLION)
FIGURE 18: LATIN AMERICA
POLYETHYLENE TEREPHTHALATE (PET) MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN
%)
FIGURE 19: BRAZIL POLYETHYLENE
TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)
FIGURE 20: MEXICO POLYETHYLENE
TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)
FIGURE 21: REST OF LATIN
AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, 2021-2028 (IN $ MILLION)