Indorama Ventures Public Company Limited, one of the largest manufacturers worldwide of recycled Polyethylene Terephthalate (PET) resin, declared the completion of its recycling facility expansion in Brazil, which will boost the recycling capacity to 50 billion PET bottles annually by 2025.
KazMunayGas has announced the launch of a new project in Kazakhstan for producing Terephthalic Acid and further production of polyethylene terephthalate (PET) out of it.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5179
Published Date: Aug 23, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing production of polyester fibers, and growing consumption of PET containers are the major factors driving the market growth.
The market size of dimethyl terephthalate is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Indorama Ventures, SABIC, Farmosa Chemicals & Fiber Corporation, Alpek, Reliance Industries Limited, Eastman Chemical Company, SK Chemicals, SASA Polyester Sanayi A.S., INVISTA, and Fiber Intermediate Products Company.
The polyethylene terephthalate segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.