Polyethylene Terephthalate (PET) Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028

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Polyethylene Terephthalate (PET) Industry Capacity & CapEx Overview

The polyethylene terephthalate (PET) industry capacity was 36.23 million tonnes per annum (mtpa) in 2023 and is expected to increase at an AAGR of more than 3% during 2023-2028. Around 17 planned and announced plants are slated to come online by 2028, primarily in Asia, Middle East and the Former Soviet Union (FSU). Additionally, the growing consumption of PET in packaging, food and beverage, as well as in textile industry will drive the demand for polyethylene terephthalate (PET) during the forecast period.

Polyethylene Terephthalate (PET) Industry Capacity and CapEx Outlook, 2023-2028 (mtpa)

Polyethylene Terephthalate (PET) Industry Capacity and CapEx Outlook, 2023-2028 (mtpa)

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The PET Industry Capacity and Capital Expenditure Outlook is a comprehensive report on all active and upcoming (planned and announced) PET projects by region and country for the period 20182028. It provides global and regional capital expenditure outlook forecasts up to 2028. Furthermore, the report gives a comparative analysis of key countries based on their contribution to global as well as regional Polyethylene Terephthalate (PET) capacities.

Market Capacity 2023 36.23 Mtpa
AAGR (2023-2028) >3%
Historical Period 2018-2023
Forecast Period 2024-2028
Key Regions ·        Africa

·        Europe

·        FSU

·        Middle East

·        North America

·        Oceania

Key Countries ·        China

·        The US

·        India

·        Turkey

·        Taiwan

Major Upcoming Projects ·        Zhejiang Petrochemical Daishan Polyethylene Terephthalate Plant 2

·        Reliance Industries Dahej Polyethylene Terephthalate Plant 2

·        Hainan Yisheng Petrochemical Yangpu Polyethylene Terephthalate Plant

·        Pan-Asia PET Resin Jazan Polyethylene Terephthalate Plant 1

·        Almex Petrochemical Atyru Polyethylene Terephthalate (PET) Plant

Leading Companies ·        Indorama Ventures PCL

·        Alfa SAB de CV

·        Far Eastern New Century Corp

·        Zhejiang Wankai New Materials Co Ltd

·        Reliance Industries Ltd

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Polyethylene Terephthalate (PET) Industry Capacity Contribution by Region

The key Polyethylene Terephthalate (PET) capacity contributing regions include China, the US, India, Turkey, and Taiwan. Asia accounted for the highest share of the global PET capacity in 2023, followed by North America and Europe.

Polyethylene Terephthalate (PET) Industry Market Analysis by Regions, 2023 (%)

Polyethylene Terephthalate (PET) Industry Market Analysis by Regions, 2023 (%)

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Polyethylene Terephthalate Industry Capacity Contribution by Countries

In 2023, China, Russia, India, the US, and Indonesia were the key countries in the world accounting for over 60% of the total Polyethylene Terephthalate (PET) capacity. China led with the largest capacity contribution globally in 2023, followed by the US and India due to the rapid urbanization, expanding beverage industry and high demand of sustainable and versatile packaging solutions.

Polyethylene Terephthalate (PET) Industry Market Analysis by Countries, 2023 (%)

Polyethylene Terephthalate (PET) Industry Market Analysis by Countries, 2023 (%)

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Polyethylene Terephthalate Industry Market - Competitive Landscape

A few of the key companies in the global Polyethylene Terephthalate (PET) industry are Indorama Ventures PCL, Alfa SAB de CV, Far Eastern New Century Corp, Zhejiang Wankai New Materials Co Ltd, Reliance Industries Ltd among others. Indorama Ventures PCL accounted for the highest capacity contribution globally. The company’s Ipojuca Polyethylene Terephthalate Plant was the major capacity contributor.

Polyethylene Terephthalate (PET) Industry Market Analysis by Companies, 2023 (%)

Polyethylene Terephthalate (PET) Industry Market Analysis by Companies, 2023 (%)

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Polyethylene Terephthalate (PET) Industry Capacity Contribution Regional Outlook (Capacity, mtpa, 2018-2028)

  • Africa
  • Europe
  • FSU
  • Middle East
  • North America
  • Oceania

Polyethylene Terephthalate (PET) Industry Capacity Contribution Country Outlook (Capacity, mtpa, 2018-2028)

  • China
  • The US
  • India
  • Turkey
  • Taiwan

Scope

The report provides:

  • Update information on the global Polyethylene Terephthalate industry capacity outlook by region
  • Key details about the Polyethylene Terephthalate industry planned and announced project
  • Information on the capacity share of the major Polyethylene Terephthalate producers globally
  • Annual break-up of new-build and expansion capital expenditure outlook by region and by key countries for the period 2024–2028.

Reasons to Buy

  • Obtain the most up-to-date information available on all active, planned, and announced Polyethylene Terephthalate (PET) plants globally.
  • Identify opportunities in the global Polyethylene Terephthalate (PET) industry by analyzing upcoming projects and their capital expenditure outlook.
  • Facilitate decision-making based on strong historical and forecast Polyethylene Terephthalate (PET) capacity data.

Table of Contents

01. Global PET Capacity and Capital Expenditure Review

• Key Highlights

• Recent Updates

Major New Plant Announcements

02. Global PET Capacity and Capital Expenditure Outlook by Region

• Global PET Capacity Contribution by Region

• Global Planned and Announced Capacity Additions by Region

• Global Capex Spending on Planned and Announced Projects by Region

• Global PET Capacity Contribution by Active, Planned and Announced Plants, 2024

03. Global PET Capacity and Capital Expenditure Outlook by Country

• Global PET Capacity Contributions by Key Countries, 2018-2028

• Key Countries by PET Capacity Contribution (% share), 2023

• Global Capacity Additions from Planned and Announced Projects by Countries

• Global Capex Spending on Planned and Announced Projects by Countries

04. Global PET Capacity and Capital Expenditure Outlook by Company

• Global PET Capacity Contribution (% Share) by Key Companies, 2023

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

05. Global PET Industry- Upcoming Projects

• Global PET Industry, Top 10 Planned and Announced Projects

06. Africa PET Industry, Capacity and Capex Outlook

• Africa PET Industry, Capacity by Key Countries, 2018-2028

07. Asia PET Industry, Capacity and Capex Outlook

• Asia PET Industry, Capacity by Key Countries, 2018-2028

• Asia PET Industry, Annual New Build and Expansion Capital Expenditure Outlook for planned and announced projects

• Asia PET Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries

08. Europe PET Industry, Capacity and Capex Outlook

• Europe PET Industry, Capacity by Key Countries, 2018-2028

09. FSU PET Industry, Capacity and Capex Outlook

• FSU PET Industry, Capacity by Key Countries, 2018-2028

• FSU PET Industry, Annual New Build and Expansion Capital Expenditure Outlook for planned and announced projects

• FSU PET Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries

10. Middle East PET Industry, Capacity and Capex Outlook

• Middle East PET Industry, Capacity by Key Countries, 2018-2028

• Middle East PET Industry, Annual New Build and Expansion Capital Expenditure Outlook for planned and announced projects

• Middle East PET Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries

11. North America PET Industry, Capacity and Capex Outlook

• North America PET Industry, Capacity by Key Countries, 2018-2028

• North America PET Industry, Annual New Build and Expansion Capital Expenditure Outlook for planned and announced projects

• North America PET Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries

12. Oceania PET Industry, Capacity and Capex Outlook

• Oceania PET Industry, Capacity by Key Countries, 2018-2028

13. South America PET Industry, Capacity and Capex Outlook

• South America PET Industry, Capacity by Key Countries, 2018-2028

14. Appendix

• Important Definitions

Table

PET Industry, global, capacity by region (mtpa), 2023–2028

PET industry, global, planned and announced capacity additions by region (mtpa), 2028

PET industry, global, total capex spending on planned and announced projects by region ($M), 2024-2028

Active, planned, and announced PET capacity by region (mtpa), 2024

PET, Global, capacity by key countries (mtpa), 2018–2028

PET industry, global, active PET capacity of top 10 countries (mtpa), 2023

PET industry, global, planned and announced capacity additions by countries, (mtpa), 2028

PET industry, global, total capex spending on planned and announced projects by countries ($B), 2024-2028

PET industry, global, capacity share of top 10 companies (%), 2023

PET industry, global, planned and announced capacity additions by top 10 companies (mtpa), 2028

PET industry, global, top 10 planned and announced projects details, 2023–2028

PET industry, Africa, capacity by key countries (mtpa), 2018–2028

PET, Asia, capacity by key countries (mtpa), 2018–2028

PET industry, Asia, annual new build and expansion capital expenditure outlook for planned and announced projects ($B), 2024-2028

PET industry, Asia, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2024-2028

PET, Europe, capacity by key countries (mtpa), 2018–2028

PET industry, FSU, capacity by key countries (mtpa), 2018–2028

PET industry, FSU, annual new build and expansion capital expenditure outlook for planned and announced projects ($B), 2024-2028

PET industry, FSU, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2024-2028

PET industry, Middle East, capacity by key countries (mtpa), 2018–2028

PET industry, Middle East, annual new build and expansion capital expenditure outlook for planned and announced projects ($B), 2024-2028

PET industry, Middle East, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2024-2028

PET, North America, capacity by key countries (mtpa), 2018–2028

PET Industry, North America, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects ($B), 2024–2028

PET industry, North America, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2024–2028

PET industry, Oceania, capacity by key countries (mtpa), 2018–2028

PET industry, South America, capacity by key countries (mtpa), 2018–2028

Figures

PET industry, global, capacity by region (mtpa), 2023–2028

PET industry, global, planned and announced capacity additions by region (mtpa), 2028

PET industry, global, total capex spending on planned and announced projects by region ($M), 2024-2028

Active, planned, and announced PET capacity by region (mtpa), 2024

PET industry, global, active PET capacity of top 10 countries (mtpa), 2023

Global PET Industry, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023

PET industry, global, planned and announced capacity additions by countries, (mtpa), 2028

PET industry, global, total capex spending on planned and announced projects by countries ($B), 2024-2028

PET industry, global, capacity share of top 10 companies (%), 2023

PET industry, global, planned and announced capacity additions by top 10 companies (mtpa), 2028

Global PET Industry, Caribbean, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023

PET, Asia, capacity by key countries (mtpa), 2018–2028

Global PET Industry, Asia, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023

PET industry, Asia, annual new build and expansion capital expenditure outlook for planned and announced projects ($B), 2024-2028

PET industry, Asia, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2024-2028

Global PET Industry, Europe, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023

PET Industry, Europe, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects ($B), 2024–2028

PET industry, Europe, annual new build and expansion capital expenditure outlook forplanned and announced projects by countries ($B), 2024–2028

Global PET Industry, FSU, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023

PET industry, FSU, annual new build and expansion capital expenditure outlook for planned and announced projects ($B), 2024-2028

PET industry, FSU, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2024-2028

Global PET Industry, Middle East, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023

PET industry, Middle East, annual new build and expansion capital expenditure outlook for planned and announced projects ($B), 2024-2028

PET industry, Middle East, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2024-2028

Global PET Industry, North America, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023

PET Industry, North America, New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects ($B), 2024–2028

PET industry, North America, annual new build and expansion capital expenditure outlook for planned and announced projects by countries ($B), 2024–2028

Global PET Industry, Oceania, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023

Global PET Industry, South America, Capacity Share vis-à-vis Growth by Key Countries, 2018–2023

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