The polyethylene terephthalate (PET) has a wide range of properties that makes it suitable for various applications. Some of these properties include high strength, lightweight, chemical resistance, good durability, and excellent barrier to gas and moisture. Owing to its properties, the demand for PET in France is increasing at a significant rate. Rise in disposable income, surge in use of PET for packaging, and expansion of the automotive industry are some of the prominent factors driving the PET market in France. However, the availability of non-PET packaging solutions and fluctuating prices of raw materials are some of the restraining factors impacting the market.
To capitalize on the growing opportunities, companies operating in the France PET market are focusing on introducing innovative products. For example, SABIC has launched an advanced grade of PET which has superior hot filling properties, and Indorama Ventures has established it new manufacturing facility in France to produce bio-based PET. Moreover, due to increase in awareness about environmental protection, companies like Kitco Fibres and Toray Industries are investing and developing new recycled PET products.
Furthermore, with the growing demand from the automotive industry, players such as Reliance Industries and Toyobo are focusing on introducing engineered PET products with respect to various applications. As the demand for light weight automotive products increases, the demand for PET materials increases simultaneously. Moreover, rise in construction activities and increase in medical requirements are contributing to the growth of the French PET market.
The PET market in France is expected to witness a healthy grow that a CAGR of over 6% during the forecast period of 2021-2026 due to demand for PET in packaging application, especially due to its lightweight and durable properties. In addition, rise in electric vehicles usage and increasing demand for disposable products are also likely to offer new growth opportunities. Companies such as HXL Polymers and Supriya Lifesciences are focusing on catering to the changing demand for PET applications. Besides this, governments and local industries are providing policies and investing in the development of infrastructure across the country, which is driving the growth of PET market.
On the other hand, unavailability and fluctuation in raw materials prices are the key restraints of the French PET market. Moreover, increase in preference for biodegradable plastics and the proliferation of substitutes for PET are expected to challenge the growth of the PET market in the upcoming years. In the past few years, the focus of many companies operating in the French PET market has been to expand their foothold in the European region. For example, Toray Industries has invested in the expansion of its new PET plant located in Manchester, UK Reliance Industries, and others, has increased its production capacity for engineering PET in France. Other companies such as Eastman Chemical Company, Dunnery Petrochem & Tea Ltd., and Supriya Life sciences have their existence in France and have been actively focusing on their product launches and investments.
There are several emerging companies in the market such as Asahi Kasei Plastics, Lim Noor Man Arafy, and Grafix plastics which are taking advantage of the growth opportunities in the market by increasing their production capacity and product portfolio. Moreover, they are introducing a range of specialty PET products, which cater to the changing requirements of various industries. In addition, manufacturers are entering into partnerships with distributors for better accessibility of their products..
Key Benefits For Stakeholders
- Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
- Analyze the key strategies adopted by major market players in france polyethylene terephthalate (pet) market.
- Assess and rank the top factors that are expected to affect the growth of france polyethylene terephthalate (pet) market.
- Top Player positioning provides a clear understanding of the present position of market players.
- Detailed analysis of the france polyethylene terephthalate (pet) market segmentation assists to determine the prevailing market opportunities.
- Identify key investment pockets for various offerings in the market.
France Polyethylene Terephthalate (PET) Market Report Highlights
| Aspects | Details |
 Forecast period | 2022 - 2032 |
 Report Pages | 75 |
 By Type |
|
 By Application |
|
 Key Market Players | Reliance Industries, Supriya Lifesciences, Indorama Ventures, Eastman Chemical Company, Toyobo, Dhunseri Petrochem & Tea Ltd., Toray Industries, Kitco Fibres, HXL Polymers, SABIC |
The France Polyethylene Terephthalate (PET) Market is projected to grow at a CAGR of 5.6% from 2022 to 2032
SABIC, Indorama Ventures, Kitco Fibres, Reliance Industries, HXL Polymers, Toray Industries, Supriya Lifesciences, Toyobo, Eastman Chemical Company, Dhunseri Petrochem & Tea Ltd. are the leading players in France Polyethylene Terephthalate (PET) Market
1. Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
2. Analyze the key strategies adopted by major market players in france polyethylene terephthalate (pet) market.
3. Assess and rank the top factors that are expected to affect the growth of france polyethylene terephthalate (pet) market.
4. Top Player positioning provides a clear understanding of the present position of market players.
5. Detailed analysis of the france polyethylene terephthalate (pet) market segmentation assists to determine the prevailing market opportunities.
6. Identify key investment pockets for various offerings in the market.
France Polyethylene Terephthalate (PET) Market is classified as by type, by application
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