CPET (Crystalline Polyethylene Terephthalate) is widely used in the packaging industry due to its rigid nature. Its parent PET is transparent, while CPET is not. This was the reason PET became popular in the packaging industry. But CPET makes up for this shortcoming by displaying extreme rigidity and the capability to resist high temperature fluctuations, ranging from -400 F to 4000 F. Moreover, it has been found to be completely non-toxic, and hence safe for food packaging.
The global CPET market is segmented by the application and end user industry. On the criterion of application, CPET finds use in bottles, cups, trays, films, metallized foils and many other products. When considering the end user industry, food and beverage, packaging and pharmaceuticals are the largest consumers of CPET. This segment has been divided into further sub-segments to ensure a comprehensive approach to the market. The forecast period for this report is taken as 2016-2021.
The report also delves into the segmentation of the CPET market according to region. This analysis shows clearly that APAC is the leader in market revenue with more than a third of the total global revenues in 2015. Americas come in a close second at a little less than a third of the total revenue in 2015. Europe is currently third in market revenue share but by 2021, Europe is expected to slide down to the fourth position on account of the economic slowdown due to Great Britains unexpected exit from the European Union.
The major manufacturers in the CPET market include:
- BASF SE (Germany)
- The Dow Chemical Company (The U.S.)
- DAK Americas LLC (The U.S.)
- Saudi Basic Industries Corporation (Saudi Arabia)
- Clariant AG (Switzerland)
Other key players include:
- Huntsman Corporation (The U.S.)
- Indorama Ventures Public Companies Ltd (Singapore)
- M & G Polymers (The U.S.)
- Milliken & Company (The U.S.)