Polyethylene Terephthalate (PET) Industry Capacity and Capital Expenditure Forecasts including Active and Planned Plants to 2027

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Published: May 26, 2023 Report Code: GDCH01252ICR-ST

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Polyethylene Terephthalate Industry Capacity and Capital Expenditure Forecast Report Overview

The polyethylene terephthalate (PET) capacity was 29.13 mtpa in 2022 and is expected to grow at an AAGR of more than 5% by 2027. China, US, India, Turkey, and Taiwan are the key countries in the world accounting for more than 54% of the total PET capacity in 2022.

Polyethylene Terephthalate Market Outlook, 2022-2027 (mtpa)

Polyethylene Terephthalate Market Outlook, 2022-2027 (mtpa)

For more insights into the polyethylene terephthalate market forecast, download a free report sample

The polyethylene terephthalate Industry capacity and capital expenditure (CapEx) forecast report provides information on the global polyethylene terephthalate capacity outlook by region and country.

The report also provides extensive information on the total number of active, planned, and announced PET plants, the latest capacity additions, and capex spending on the planned and announced projects.

Market volume (2022) 29.13 mtpa
AAGR (2022-2027) >5%
Forecast Period 2023-2027
Key Region ·       Asia

·       North America

·       Middle East

·       Europe

·       Former Soviet Union

·       South America

·       Africa
Top Planned and Announced Projects ·       Zhejiang Petrochemical Daishan Polyethylene Terephthalate Plant 2

·       Corpus Christi Polymers Corpus Christi Polyethylene Terephthalate Plant

·       Brunei Hengyi Industries Pulau Muara Besar Polyethylene Terephthalate Plant

·       Reliance Industries Dahej Polyethylene Terephthalate Plant 2

·       Hainan Yisheng Petrochemical Yangpu Polyethylene Terephthalate Plant
Key Production Process ·       Solid State Polymerization

·       Melt to Resin (MTR)

·       Others
Key Companies ·       Indorama Ventures PCL

·       Alfa SAB de CV

·       Far Eastern New Century Corp

·       Zhejiang Wankai New Materials Co Ltd

·       Reliance Industries Ltd

·       Zhejiang Rongsheng Holding Group Co Ltd
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Polyethylene Terephthalate Market Segmentation by Regions

The key regions in the polyethylene terephthalate market are Asia, North America, the Middle East, Europe, the Former Soviet Union, South America, and Africa. In 2022, Asia led with the largest capacity contribution globally and is expected to continue doing so over the next five years, followed by North America and Middle East.

In 2022, the capacity contribution of China was the highest in Asia. Within North America, the US was the major contributor.

Polyethylene Terephthalate Market Analysis by Regions, 2022 (%)

Polyethylene Terephthalate Market Analysis by Regions, 2022 (%)

For more insights on the key regions in the polyethylene terephthalate market, download a free sample report

Polyethylene Terephthalate Market Segmentation by Production Process

The key production processes in the polyethylene terephthalate market are solid state polymerization (SSP), melt to resin (MTR), and others. In 2022, the Solid-State Polymerization (SSP) was the dominant production process used for PET production, followed by Melt to Resin (MTR) Process.

Polyethylene Terephthalate Market Analysis by Production Process, 2022 (%)

Polyethylene Terephthalate Market Analysis by Production Process, 2022 (%)

For more insights on the main production processes in the polyethylene terephthalate market, download a free sample report

Polyethylene Terephthalate Market Major Planned and Announced Projects

The major planned and announced projects in the polyethylene terephthalate market are Zhejiang Petrochemical Daishan Polyethylene Terephthalate Plant 2, Corpus Christi Polymers Corpus Christi Polyethylene Terephthalate Plant, Brunei Hengyi Industries Pulau Muara Besar Polyethylene Terephthalate Plant, Reliance Industries Dahej Polyethylene Terephthalate Plant 2, and others. In 2022, the Zhejiang Petrochemical Daishan Polyethylene Terephthalate Plant 2 had the highest valuation.

Polyethylene Terephthalate Market Analysis by Planned and Announced Projects, 2022 (%)

Polyethylene Terephthalate Market Analysis by Planned and Announced Projects, 2022 (%)

For more polyethylene terephthalate market planned and announced projects insights, download a free report sample

Polyethylene Terephthalate Market- Competitive Landscape

Some of the key companies in the polyethylene terephthalate market are Indorama Ventures PCL, Alfa SAB de CV, Far Eastern New Century Corp, Zhejiang Wankai New Materials Co Ltd, Reliance Industries Ltd, and Zhejiang Rongsheng Holding Group Co Ltd among others. In 2022, Indorama Ventures PCL dominated the market.

Polyethylene Terephthalate Market Analysis by Companies, 2022 (%)

Polyethylene Terephthalate Market Analysis by Companies, 2022 (%)

For more polyethylene terephthalate market company insights, download a free report sample

Segments Covered in the Report

Polyethylene Terephthalate Market Regional Outlook (Volume, mtpa, 2017-2027)

  • Asia
  • North America
  • Middle East
  • Europe
  • Former Soviet Union
  • South America
  • Africa

Polyethylene Terephthalate Market Production Process Outlook (Volume, mtpa, 2017-2027)

  • SSP
  • MTR
  • Others

Scope

Global Polyethylene Terephthalate capacity outlook by region

Global Polyethylene Terephthalate outlook by country

Polyethylene Terephthalate planned and announced projects details

Capacity share of the major Polyethylene Terephthalate producers globally

Global Polyethylene Terephthalate capital expenditure outlook by region

Global Polyethylene Terephthalate capital expenditure outlook by country

Reasons to Buy

  • Obtain the most up-to-date information available on all active, planned, and announced Polyethylene terephthalate plants globally.

  • Identify opportunities in the global Polyethylene terephthalate industry with the help of upcoming projects and capital expenditure outlook.

  • Facilitate decision-making on the basis of strong historical and forecast of Polyethylene terephthalate capacity data.

Table of Contents

1. Introduction 12

What is This Report About? 12

Market Definition 12

2. Global Polyethylene Terephthalate Capacity and Capital Expenditure Review 13

2.1 Global Polyethylene Terephthalate Industry, An Overview 13

2.2 Global Polyethylene Terephthalate Industry, Capacity by key countries 14

2.3 Global Polyethylene Terephthalate Industry, Capacity Share vis-à-vis Growth by Key Countries, 2017-2022 15

2.4 Global Polyethylene Terephthalate Industry, Top 10 Planned and Announced Projects 16

2.5 Global Polyethylene Terephthalate Industry, Installed Plant Capacity by Production Process, 2022 18

2.6 Global Polyethylene Terephthalate Industry, Capacity contribution by region 24

2.7 Key Companies by Polyethylene Terephthalate (PET) Capacity Contribution (% Share), 2022 25

2.8 Key Countries by Active Global Capacity Contribution to Polyethylene Terephthalate (PET) Industry 27

2.9 Regional Capacity Additions from Planned and Announced Projects 29

2.10 Global Capacity Additions from Planned and Announced Projects by Top 10 Countries 30

2.11 Global Capacity Additions from Planned and Announced Projects by Top 10 Companies 32

2.12 Regional Capex Spending on Planned and Announced Projects 34

2.13 Global Capex Spending on Planned and Announced Projects by countries 35

3. Global Planned and Announced Polyethylene Terephthalate Projects 36

4. Asia Polyethylene Terephthalate Industry 40

4.1 Asia Polyethylene Terephthalate (PET) Industry, An Overview 40

4.2 Asia Polyethylene Terephthalate Industry, Capacity by Key Countries, 2017-2027 41

4.3 Asia Polyethylene Terephthalate Industry, Capacity Share vis-à-vis Growth by Key Countries, 2017-2022 42

4.4 Asia Polyethylene Terephthalate Industry, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 43

4.5 Asia Polyethylene Terephthalate Industry, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by countries 44

4.6 Polyethylene Terephthalate Industry in China 45

4.7 Polyethylene Terephthalate Industry, India 48

4.8 Polyethylene Terephthalate Industry, Taiwan 50

4.9 Polyethylene Terephthalate Industry, South Korea 51

4.10 Polyethylene Terephthalate Industry, Thailand 52

4.11 Polyethylene Terephthalate Industry, Indonesia 54

4.12 Polyethylene Terephthalate Industry, Vietnam 56

4.13 Polyethylene Terephthalate Industry, Pakistan 57

4.14 Polyethylene Terephthalate Industry, Japan 58

4.15 Polyethylene Terephthalate Industry, Malaysia 59

4.16 Polyethylene Terephthalate Industry, Brunei 60

5. North America Polyethylene Terephthalate Industry 61

5.1 North America Polyethylene Terephthalate Industry, An Overview 61

5.2 North America Polyethylene Terephthalate Industry, Capacity by Key Countries, 2017-2027 62

5.3 North America Polyethylene Terephthalate Industry, Capacity Share vis-à-vis Growth by Key Countries, 2017-2022 63

5.4 North America Polyethylene Terephthalate Industry, Installed Plant Capacity by Production Process, 2022 64

5.5 North America Polyethylene Terephthalate Industry, Installed Plant Capacity by Technology, 2022 66

5.6 North America Polyethylene Terephthalate Industry, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 69

5.7 North America Polyethylene Terephthalate Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by countries 70

5.8 Polyethylene Terephthalate Industry, United States 71

5.9 Polyethylene Terephthalate Industry, Mexico 73

5.10 Polyethylene Terephthalate Industry, Canada 74

6. Middle East Polyethylene Terephthalate Industry 75

6.1 Middle East Polyethylene Terephthalate Industry, An Overview 75

6.2 Middle East Polyethylene Terephthalate Industry, Capacity by Key Countries, 2017-2027 76

6.3 Middle East Polyethylene Terephthalate Industry, Capacity Share vis-à-vis Growth by Key Countries, 2017-2022 77

6.4 Middle East Polyethylene Terephthalate Industry, Installed Plant Capacity by Production Process, 2022 78

6.5 Middle East Polyethylene Terephthalate Industry, Installed Plant Capacity by Technology, 2022 81

6.6 Middle East Polyethylene Terephthalate Industry, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 84

6.7 Middle East Polyethylene Terephthalate Industry, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by countries 85

6.8 Polyethylene Terephthalate Industry, Turkey 86

6.9 Polyethylene Terephthalate Industry, Oman 88

6.10 Polyethylene Terephthalate Industry, United Arab Emirates 89

6.11 Polyethylene Terephthalate Industry, Iran 90

6.12 Polyethylene Terephthalate Industry, Saudi Arabia 91

7. Europe Polyethylene Terephthalate Industry 92

7.1 Europe Polyethylene Terephthalate Industry, An Overview 92

7.2 Europe Polyethylene Terephthalate Industry, Capacity by Key Countries, 2017-2027 93

7.3 Europe Polyethylene Terephthalate Industry, Capacity Share vis-à-vis Growth by Key Countries, 2017-2022 94

7.4 Europe Polyethylene Terephthalate Industry, Installed Plant Capacity by Production Process, 2022 95

7.5 Europe Polyethylene Terephthalate Industry, Installed Plant Capacity by Technology, 2022 98

7.6 Polyethylene Terephthalate Industry, Spain 101

7.7 Polyethylene Terephthalate Industry, Netherlands 102

7.8 Polyethylene Terephthalate Industry, Belgium 103

7.9 Polyethylene Terephthalate Industry, Germany 104

7.10 Polyethylene Terephthalate Industry, Italy 105

7.11 Polyethylene Terephthalate Industry, Poland 106

7.12 Polyethylene Terephthalate Industry, Greece 107

8. Former Soviet Union (FSU) Polyethylene Terephthalate Industry 108

8.1 FSU Polyethylene Terephthalate Industry, An Overview 108

8.2 FSU Polyethylene Terephthalate Industry, Capacity by Key Countries, 2017-2027 109

8.3 FSU Polyethylene Terephthalate Industry, Capacity Share vis-à-vis Growth by Key Countries, 2017-2022 110

8.4 FSU Polyethylene Terephthalate Industry, Installed Plant Capacity by Production Process, 2022 111

8.5 FSU Polyethylene Terephthalate Industry, Installed Plant Capacity by Technology, 2022 113

8.6 FSU Polyethylene Terephthalate Industry, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 116

8.7 FSU Polyethylene Terephthalate Industry,New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by countries 117

8.8 Polyethylene Terephthalate Industry, Lithuania 118

8.9 Polyethylene Terephthalate Industry, Russia 119

8.10 Polyethylene Terephthalate Industry, Belarus 120

9. South America Polyethylene Terephthalate Industry 121

9.1 South America Polyethylene Terephthalate Industry, An Overview 121

9.2 South America Polyethylene Terephthalate Industry, Capacity by Key Countries, 2017-2027 122

9.3 South America Polyethylene Terephthalate Industry, Capacity Share vis-à-vis Growth by Key Countries, 2017-2022 123

9.4 South America Polyethylene Terephthalate Industry, Installed Plant Capacity by Production Process, 2022 124

9.5 South America Polyethylene Terephthalate Industry, Installed Plant Capacity by Technology, 2022 126

9.6 Polyethylene Terephthalate Industry, Brazil 129

9.7 Polyethylene Terephthalate Industry, Argentina 130

9.8 Polyethylene Terephthalate Industry, Colombia 131

10. Africa Polyethylene Terephthalate Industry 132

10.1 Africa Polyethylene Terephthalate Industry, An Overview 132

10.2 Africa Polyethylene Terephthalate Industry, Capacity by Key Countries, 2017-2027 133

10.3 Africa Polyethylene Terephthalate Industry, Capacity Share vis-à-vis Growth by Key Countries, 2017-2022 134

10.4 Africa Polyethylene Terephthalate Industry, Installed Plant Capacity by Production Process, 2022 135

10.5 Africa Polyethylene Terephthalate Industry, Installed Plant Capacity by Technology, 2022 137

10.6 Polyethylene Terephthalate Industry, Egypt 139

10.7 Polyethylene Terephthalate Industry, South Africa 140

10.8 Polyethylene Terephthalate Industry, Algeria 141

10.9 Polyethylene Terephthalate Industry, Ghana 142

11. Oceania Polyethylene Terephthalate Industry 143

11.1 Oceania Polyethylene Terephthalate Industry, An Overview 143

11.2 Oceania Polyethylene Terephthalate Industry, Capacity by Key Countries, 2017-2027 144

11.3 Oceania Polyethylene Terephthalate Industry, Capacity Share vis-à-vis Growth by Key Countries, 2017-2022 145

11.4 Oceania Polyethylene Terephthalate Industry, Installed Plant Capacity by Process, 2022 146

11.5 Oceania Polyethylene Terephthalate Industry, Installed Plant Capacity by Technology, 2022 146

11.6 Polyethylene Terephthalate Industry, Australia 147

12. Appendix 148

12.1 Definitions 148

12.2 Abbreviations 149

12.3 Status Definition 149

12.4 Methodology 150

Contact Us 152

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