(MENAFN- PR Newswire)
DUBLIN, Sept. 23, 2022 /PRNewswire/ -- The 'Amorphous Polypropylene Terephatalate Global Market Report 2022' report has been added to ResearchAndMarkets.com's offering.
The global amorphous polypropylene terephthalate market is expected to grow from $34.62 billion in 2021 to $37.84 billion in 2022 at a compound annual growth rate (CAGR) of 9.30%. The amorphous polypropylene terephthalate market is expected to grow to $51.92 billion in 2026 at a compound annual growth rate (CAGR) of 8.23%.Asia Pacific was the largest region in the amorphous polypropylene terephthalate market in 2021. The regions covered in the amorphous polypropylene terephthalate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.The surge in the product demand for the purpose of packaging in the food & 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 is used in packaging, including single-use plastic products for food and beverage containers. Thus, surge in the product demand for the purpose of packaging in the food and beverage sector will drive the market.Product innovation is a key trend gaining popularity in the amorphous polypropylene terephthalate market. Manufacturers are coming up with new product innovation that consists of green and environmentally friendly techniques for manufacturing plastic.
For example, in 2020, Toray Plastics Inc., a US-based manufacturer of polypropylene And cast polypropylene films started manufacturing EcouseTM polyethylene terephthalate (PET) films. These are eco-friendly films that are sustainable. The company developed a recycling system that collects discarded films from electronic component applications and reuses them into environmentally friendly films. After establishing an annual manufacturing capacity of 2,500 metric tonnes, the company plans to begin full-scale sales of the new product.In January 2020, BASF, a Germany-based chemical corporation that operates globally in chemicals, plastics, performance goods, functional solutions, agricultural solutions, and oil and gas, acquired polyamide business from Solvay for €1.3 billion ($1.3 billion). This acquisition will enable BASF to provide better-engineered plastics solutions to its clients, such as autonomous driving and e-mobility. The acquisition also gives the corporation better access to emerging markets in Asia, and North and South America. Solvay, a Belgium-based company engages in the manufacture and distribution of chemical and plastic products.
Scope
Markets Covered:
1) By Additives: Chain Extenders; Nucleating Agents; Solid Stating Accelerators; Impact Modifiers; Others2) By End-Use: Food & Beverages; Pharmaceuticals; Dairy; Automotive; Textiles; Others3) By Application: Bottles; Films/Sheets; Food Packaging; Others Key Topics Covered: 1. Executive Summary 2. Amorphous Polypropylene Terephthalate Market Characteristics 3. Amorphous Polypropylene Terephthalate Market Trends And Strategies 4. Impact Of COVID-19 On Amorphous Polypropylene Terephthalate 5. Amorphous Polypropylene Terephthalate Market Size And Growth 6. Amorphous Polypropylene Terephthalate Market Segmentation
7. Amorphous Polypropylene Terephthalate Market Regional And Country Analysis 8. Asia-Pacific Amorphous Polypropylene Terephthalate Market 9. China Amorphous Polypropylene Terephthalate Market 10. India Amorphous Polypropylene Terephthalate Market 11. Japan Amorphous Polypropylene Terephthalate Market 12. Australia Amorphous Polypropylene Terephthalate Market 13. Indonesia Amorphous Polypropylene Terephthalate Market 14. South Korea Amorphous Polypropylene Terephthalate Market 15. Western Europe Amorphous Polypropylene Terephthalate Market 16. UK Amorphous Polypropylene Terephthalate Market 17. Germany Amorphous Polypropylene Terephthalate Market 18. France Amorphous Polypropylene Terephthalate Market 19. Eastern Europe Amorphous Polypropylene Terephthalate Market 20. Russia Amorphous Polypropylene Terephthalate Market 21. North America Amorphous Polypropylene Terephthalate Market 22. USA Amorphous Polypropylene Terephthalate Market 23. South America Amorphous Polypropylene Terephthalate Market 24. Brazil Amorphous Polypropylene Terephthalate Market 25. Middle East Amorphous Polypropylene Terephthalate Market 26. Africa Amorphous Polypropylene Terephthalate Market 27. Amorphous Polypropylene Terephthalate Market Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions In The Amorphous Polypropylene Terephthalate Market 29. Amorphous Polypropylene Terephthalate Market Future Outlook and Potential Analysis 30. Appendix Companies Mentioned
- Jiangsu Sanfangxiang Group Co., Ltd.
- DAK Americas
- Teijin Ltd.
- M&G Chemicals SA.
- Alpek
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