Market Size –
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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Scope Of Amorphous Polypropylene Terephatalate Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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
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Regional Insights –
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
Key Companies –
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
Table of Contents
1. Executive Summary
2. Amorphous Polypropylene Terephatalate Market Report Structure
3. Amorphous Polypropylene Terephatalate Market Trends And Strategies
4. Amorphous Polypropylene Terephatalate Market – Macro Economic Scenario
5. Amorphous Polypropylene Terephatalate Market Size And Growth
…..
27. Amorphous Polypropylene Terephatalate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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