subject: Growth In The Polyethylene Terephthalate (pet) Demand Is Coming Mostly From Asia [print this page] The Polyethylene Terephthalate (PET) Market to 2020 - Carbonated Soft Drinks and Bottled Water Market in Asia Driving the Global Demand
The research presents detailed analysis and forecasts of the economic and market trends affecting the PET markets in the major regions of the world. The report contains demand, production analysis and forecasts, drivers and restraints, the global recycling scenario, end use analysis and forecasts, and a market share analysis of the major producers in all the regions of the world. In addition, it includes demand and production forecasts for the major countries in all geographies. The report also contains historical and forecast price trends for all the regions. Overall, the report presents a comprehensive analysis of the global PET market covering all the major parameters.( http://www.bharatbook.com/detail.asp?id=145122&rt=The-Polyethylene-Terephthalate-PETMarket-to-2020-Carbonated-Soft-Drinks-and-Bottled-Water-Market-in-Asia-Driving-the-Global-Demand.html )
The Global PET Market is Expected to Grow in the Forecast Period after Recovery from Economic Slowdown
The global demand for PET was growing fast over the last decade. The effect of the economic slowdown has adversely affected the consumption of various commodities in many countries globally. Hence, demand for PET has also slowed down over the past two years. The global PET market in 2009 was 15.3 million tons. As the economies recover from the slowdown, the consumption of commodities will rise again and the global demand for PET will grow at CAGR of 4.9% up to 2020.
Asia is the Largest Consumer of PET Followed by Europe
The demand for PET is highest in Asia. China is driving the majority of the demand for PET in the world. The demand in advanced countries like Japan has largely stabilized. With the large population in countries such as India and China, there is a huge consumption potential in these countries. The Asian demand by volume for PET in 2009 was nearly 4.7 million tons.
The Largest PET Consuming Markets are Carbonated Soft Drinks and Bottled Water
CSD is the largest market for PET globally. Because of its light weight, toughness and clarity, PET is the most preferred material for CSD bottles. Bottled water is the second biggest PET consuming market globally. CSD and bottled water together account for more than 65% of the global PET demand. However, the packaged food segment is also a very important and growing market for PET. The beer market is largely untapped but has strong potential for growth with regard to PET applications.
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