Overview and Scope
The amorphous polypropylene terephthalate refers to a thermal, rigid plastic that belongs to the polyester product family. It is known for its excellent transparency, light processing, and great barrier properties. Some of the advantages of amorphous polypropylene terephthalate are its excellent impact resilience, deep foaming capabilities, and gas and water resistance qualities.
Sizing and Forecast
The amorphous polypropylene terephatalate market size has grown strongly in recent years. It will grow from $41.37 billion in 2023 to $45.13 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increased application in the food and beverage industry, growing demand due to its wide range of applications, increased demand for lightweight and durable packaging materials, growth in the textile industry, with applications in fabrics and garments, adoption in the automotive sector for interior components.
The amorphous polypropylene terephatalate market size is expected to see strong growth in the next few years. It will grow to $63.34 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to surge in demand for sustainable and recyclable materials, growth in the medical industry, increasing use in the construction sector for insulation materials, expansion of the renewable energy sector, high disposable income. Major trends in the forecast period include adoption in 3d printing for versatile manufacturing applications, development of bio-based and bio-degradable amorphous, customization of a-pet materials for specific industrial applications, integration of nanotechnology for enhanced properties in a-pet, collaboration between industries for cross-application of a-pet in various sectors.
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Segmentation & Regional Insights
The amorphous polypropylene terephatalate market covered in this report is segmented –
1) By Additives: Chain Extenders, Nucleating Agents, Solid Stating Accelerators, Impact Modifiers, Other Additives
2) By Application: Bottles, Films/Sheets, Food Packaging, Other Applications
3) By End-Use: Food & Beverages, Pharmaceuticals, Dairy, Automotive, Textiles, Other End-Uses
Asia-Pacific was the largest region in the amorphous polypropylene terephthalate market in 2023. The regions covered in the amorphous polypropylene terephatalate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The surge in product demand for the purpose of packaging in the food and beverage sector will propel the growth of the amorphous polypropylene terephthalate market. Amorphous polyethylene terephthalate is used extensively for packaging food items and beverages, as it offers high strength and stiffness, clear visibility, and low creep characteristics, which make it perfect for use in food packaging applications. These plastics are used in the food and beverage industry to pack drinks, fresh meats, fruits, and vegetables. According to a United Nations Environment Programme (UNEP) report, 36% of the total plastics produced are used in packaging, including single-use plastic products for food and beverage containers. Thus, a surge in product demand for the purpose of packaging in the food and beverage sector will drive the amorphous polypropylene terephthalate market.
Key Industry Players
Major companies operating in the amorphous polypropylene terephatalate market report are Jiangsu Sanfangxiang Group Co. Ltd., DAK Americas LLC, Teijin Ltd., M&G Chemicals SA., Alpek S. A. B. de C. V., Indorama Ventures Public Company Limited, Far Eastern New Century Corporation, Invista Sarl, Reliance Industries Ltd., The Quadrant Group of Companies, Zhejiang Zhink Group Co. Ltd., MPI Polyester Industries Sdn Bhd, LOTTE Chemical Corporation, Covestro AG, Dow Inc., Eastman Chemical Company, Toray Industries Inc., Saudi Basic Industries Corporation, Mitsubishi Chemical Corporation, SK Chemicals Co. Ltd., JBF Industries Ltd., Polyplex Corporation Limited, Jindal Poly Films Limited, Ester Industries Limited, Garware Polyester Limited, Polygenta Technologies Limited, Polyone Corporation, RTP Company, Plasticoncentrates Inc., Polyram Plastic Industries Ltd., Polyplastics Co. Ltd., Sumitomo Chemical Co. Ltd., LG Chem Ltd., BASF SE, DuPont de Nemours Inc., Solvay SA, Arkema SA, Evonik Industries AG, Lanxess AG
The amorphous polypropylene terephatalate market report table of contents includes:
1. Executive Summary
2. Amorphous Polypropylene Terephatalate Market Characteristics
3. Amorphous Polypropylene Terephatalate Market Trends And Strategies
4. Amorphous Polypropylene Terephatalate Market – Macro Economic Scenario
5. Global Amorphous Polypropylene Terephatalate Market Size and Growth
…..
31. Global Amorphous Polypropylene Terephatalate Market Competitive Benchmarking
32. Global Amorphous Polypropylene Terephatalate Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Amorphous Polypropylene Terephatalate Market
34. Amorphous Polypropylene Terephatalate Market Future Outlook and Potential Analysis
35. Appendix
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