As the world economy recovers from the recession and promotes commodity consumption growth, global polyethylene terephthalate (PET) demand is expected to continue to grow at an average annual rate of 4.9% by 2020.
According to statistics, Europe has become the world's second largest consumer of PET, Russia, Italy and Germany are major consumers of PET in Europe; demand for PET resin in Western European countries such as Germany, France, Spain and the United Kingdom is near saturation. European demand will be driven mainly by growth in Russian demand. As an economically developed region, North America's PET demand is close to saturation.
It is predicted that demand for polyester in Central and South America will grow strongly, and the Middle East and Africa will be the regions where PET demand is growing faster after Asia. As the demand for PET in emerging economies such as China and India will continue to grow rapidly in the global PET market, especially the huge population and strong economic growth in these regions will drive the rapid increase in consumption of carbonated beverages and bottled water, which will drive the consumption of polyester packaging materials. The increase in quantity.
(Article source: Adsale Industrial Network)
According to statistics, Europe has become the world's second largest consumer of PET, Russia, Italy and Germany are major consumers of PET in Europe; demand for PET resin in Western European countries such as Germany, France, Spain and the United Kingdom is near saturation. European demand will be driven mainly by growth in Russian demand. As an economically developed region, North America's PET demand is close to saturation.
It is predicted that demand for polyester in Central and South America will grow strongly, and the Middle East and Africa will be the regions where PET demand is growing faster after Asia. As the demand for PET in emerging economies such as China and India will continue to grow rapidly in the global PET market, especially the huge population and strong economic growth in these regions will drive the rapid increase in consumption of carbonated beverages and bottled water, which will drive the consumption of polyester packaging materials. The increase in quantity.
(Article source: Adsale Industrial Network)
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