South America Polyethylene Terephthalate (PET) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The South America Polyethylene Terephthalate (PET) Market is segmented by End User Industry (Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging) and by Country (Argentina, Brazil). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

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South America Polyethylene Terephthalate (PET) Market Size

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South America Polyethylene Terephthalate (PET) Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 2.51 Billion
svg icon Market Size (2029) USD 3.53 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2029) 7.05 %
svg icon Largest Share by Country Brazil

Major Players

South America Polyethylene Terephthalate (PET) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

Compare market size and growth of South America Polyethylene Terephthalate (PET) Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

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South America Polyethylene Terephthalate (PET) Market Analysis

The South America Polyethylene Terephthalate (PET) Market size is estimated at 2.51 billion USD in 2024, and is expected to reach 3.53 billion USD by 2029, growing at a CAGR of 7.05% during the forecast period (2024-2029).

2.51 Billion

Market Size in 2024 (USD)

3.53 Billion

Market Size in 2029 (USD)

3.77 %

CAGR (2017-2023)

7.05 %

CAGR (2024-2029)

Largest Market by End-user Industry

98.65 %

value share, Packaging, 2023

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Due to the wide range of applications, including bottles, jars, and containers, specifically in the food and beverages industry, the packaging industry held the largest market share.

Fastest Growing Market by End-user Industry

8.43 %

Projected CAGR, Electrical and Electronics, 2024-2029

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As the demand for PET films is increasing owing to their superior insulation, mechanical, and electrical properties, the electrical and electronics industry is forecasted to witness the fastest growth.

Largest Market by Country

66.64 %

value share, Brazil, 2023

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Brazil held the largest share by value of the regional PET resin market owing to its huge share in South American plastic packaging production and electrical production, amounting to around 60.54% and 40.26%, respectively.

Fastest Growing Market by Country

7.21 %

Projected CAGR, Brazil, 2024-2029

Icon image

With its plastic packaging production likely to record a CAGR of 4.98% during the forecast period, Brazil is expected to be the fastest-growing consumer.

Leading Market Player

51.82 %

market share, Alfa S.A.B. de C.V., 2022

Icon image

In 2022, the company held the largest market share and accounted for the highest production capacity of PET resin in South America, amounting to around 640 kilotons per year. Alfa offers various grades of resin, mainly for packaging applications.

Changing lifestyles and the growth of retail-ready packaging to aid market demand

  • The South American polyethylene terephthalate market ranks fourth globally in the consumption of PET. The industry registered a growth of 8.72%, by value, in 2022 compared to 2021.
  • The packaging industry is the largest consumer of PET resin. It registered an annual growth rate of 8.75%, by value, in 2022 compared to the previous year, owing to a significant shift in consumer preferences toward convenience foods and on-the-go lifestyles, as well as the growth of retail-ready packaging. This is driving the demand for packaging materials. For instance, plastic packaging production in the region increased to 6,069 kilotons in 2022 compared to 5,816 kilotons in 2021.
  • The market is expected to register a CAGR of 7.08%, by value, during the forecast period (2023-2029), with the electrical and electronics industry reporting the highest CAGR of 8.44%, by value, during the forecast period. Trends like using advanced materials, organic electronics, miniaturization, and disruptive technologies like 5G, artificial intelligence (AI), and the Internet of Things (IoT), are expected to enable smart manufacturing practices and act as growth drivers for the industry.
  • The packaging industry is the second-fastest-growing industry. It is projected to register a CAGR of 7.07%, by value, during the forecast period owing to governments implementing plastic-free legislation, forcing retailers and consumer brands to move toward sustainable packaging choices like PET polymer as it is a fully recyclable material. Packaging production volume is expected to reach 8,553 kilotons by 2029 from 6,069 kilotons in 2022. Thus, the growth in plastic packaging production is expected to drive the market during the forecast period.
South America Polyethylene Terephthalate (PET) Market

Brazil to remain dominant during the forecast period

  • PET has a wide range of applications in packaging and electrical and electronics, such as packaging foods and beverages, convenience-sized soft drinks, water, coil forms, electrical encapsulations, electrical devices, and smart meters. South America accounted for 9.17% of the global PET resin consumption in 2022 by value.
  • Brazil is the region's largest and fastest-growing consumer of PET resin, with the highest share of 66.63% and a CAGR of 7.21% in terms of value and volume during the forecast period. This growth is due to its growing packaging, electrical and electronics, and industrial machinery industries. The demand for flexible plastic packaging is increasing due to the usage of lightweight products, e-commerce growth, emphasis on sustainability, and higher adoption rates among major consumer product manufacturers in the region. The country's e-commerce market is projected to reach a revenue of USD 94.63 billion in 2027 from USD 53.86 billion in 2023. The growing packaging market is projected to drive the demand for PET resins during the forecast period.
  • The demand for PET resin in Argentina is increasing significantly due to the growing packaging and electrical and electronics industries. The surging demand for technologically advanced consumer electronics and appliances, such as smartphones, laptops, computers, cameras, and televisions, is expected to boost the demand for consumer electronics in the coming years. The sales of consumer electronics in the country are projected to reach a revenue of USD 3.4 billion in 2027 from USD 2.0 billion in 2023. As a result, the growing electrical and electronics market in the country is projected to drive the demand for PET resin in the future.

South America Polyethylene Terephthalate (PET) Market Trends

Rapid pace of technological innovations to boost the industry growth

  • In South America, Brazil held the major share of nearly 40% of the region's electrical and electronics production revenue in 2017. In 2017, Brazilian electronics products had a penetration of nearly 20% in the e-commerce sector. The advancement of technology in the region increased the demand for consumer electronics products, such as smart TVs, smart refrigerators, smart air conditioners, and other electrical and electronic products. South American electrical and electronics production revenue witnessed a CAGR of over 6.16% between 2017 and 2019.
  • In 2020, with the rise in demand for consumer electronics for remote working and home entertainment due to the pandemic, the production of electrical and electronic products in the region increased at a growth rate of 1.1% by revenue compared to the previous year. Rising disposable income, increased demand for luxury products, technological advancements, and improvement in living standards are some of the major factors driving the electrical and electronics market's growth. As a result, in the region, electrical and electronics production also increased at a rate of 14.9% by revenue in 2021.​
  • The rapid pace of electronic technological innovation is driving consistent demand for newer and faster electrical and electronic products. As a result, it has also increased the demand for the production of electrical and electronics in the region. The penetration of multinational companies, like LG, Samsung, Microsoft, Panasonic, Dell, Intel, Toshiba, Sony, Philips, Sharp, Apple, and Lenovo, also positively affects the electrical and electronics market. All such factors are expected to fuel the production revenue of electrical and electronics in the region during the forecast period at a rate of around 7%.
South America Polyethylene Terephthalate (PET) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Increasing agreements and partnerships to boost the growth
  • Government reforms and increasing infrastructure investments to aid the industry growth
  • Demand from the packaging industry to boost demand for PET
  • Increasing demand for bottles from mineral water and beverage manufacturing units
  • Fast paced growth of electric vehicle sales to augment the industry
  • Food packaging to drive the plastic packaging demand
  • Volatile crude oil prices, coupled with geopolitical factors, to dictate PET resin prices
  • Waste management strategies initiated by different governments across the region are pushing the recycling of PET

South America Polyethylene Terephthalate (PET) Industry Overview

The South America Polyethylene Terephthalate (PET) Market is fairly consolidated, with the top five companies occupying 100%. The major players in this market are Alfa S.A.B. de C.V., China Petroleum & Chemical Corporation, Enka, Indorama Ventures Public Company Limited and Reliance Industries Limited (sorted alphabetically).

South America Polyethylene Terephthalate (PET) Market Leaders

  1. Alfa S.A.B. de C.V.

  2. China Petroleum & Chemical Corporation

  3. Enka

  4. Indorama Ventures Public Company Limited

  5. Reliance Industries Limited

South America Polyethylene Terephthalate (PET) Market Concentration

Other important companies include Far Eastern New Century Corporation, Formosa Plastics Group, SABIC.

*Disclaimer: Major Players sorted in alphabetical order.

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We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.

South America Polyethylene Terephthalate (PET) Market
South America Polyethylene Terephthalate (PET) Market
South America Polyethylene Terephthalate (PET) Market
South America Polyethylene Terephthalate (PET) Market

South America Polyethylene Terephthalate (PET) Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 End User Trends
    • 4.1.1 Aerospace
    • 4.1.2 Automotive
    • 4.1.3 Building and Construction
    • 4.1.4 Electrical and Electronics
    • 4.1.5 Packaging
  • 4.2 Import And Export Trends
    • 4.2.1 Polyethylene Terephthalate (PET) Trade
  • 4.3 Price Trends
  • 4.4 Form Trends
  • 4.5 Recycling Overview
    • 4.5.1 Polyethylene Terephthalate (PET) Recycling Trends
  • 4.6 Regulatory Framework
    • 4.6.1 Argentina
    • 4.6.2 Brazil
  • 4.7 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 End User Industry
    • 5.1.1 Automotive
    • 5.1.2 Building and Construction
    • 5.1.3 Electrical and Electronics
    • 5.1.4 Industrial and Machinery
    • 5.1.5 Packaging
    • 5.1.6 Other End-user Industries
  • 5.2 Country
    • 5.2.1 Argentina
    • 5.2.2 Brazil
    • 5.2.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
    • 6.4.1 Alfa S.A.B. de C.V.
    • 6.4.2 China Petroleum & Chemical Corporation
    • 6.4.3 Enka
    • 6.4.4 Far Eastern New Century Corporation
    • 6.4.5 Formosa Plastics Group
    • 6.4.6 Indorama Ventures Public Company Limited
    • 6.4.7 Reliance Industries Limited
    • 6.4.8 SABIC

7. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, SOUTH AMERICA, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, SOUTH AMERICA, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 6:  
  2. IMPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, SOUTH AMERICA, 2017 - 2021
  1. Figure 7:  
  2. EXPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, SOUTH AMERICA, 2017 - 2021
  1. Figure 8:  
  2. SOUTH AMERICA POLYETHYLENE TEREPHTHALATE (PET) MARKET, PRICE TRENDS, BY COUNTRY, USD PER KG, 2017-2021
  1. Figure 9:  
  2. REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) BY FORM TYPE, USD, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 10:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 11:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 12:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 13:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 14:  
  2. VOLUME SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 15:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 16:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 17:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 18:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 19:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 20:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 21:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 22:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 23:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 24:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 25:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 26:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 27:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 28:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 29:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 30:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN PACKAGING INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 31:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 33:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 34:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 35:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 36:  
  2. VOLUME SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 37:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 38:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, ARGENTINA, 2017 - 2029
  1. Figure 39:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, ARGENTINA, 2017 - 2029
  1. Figure 40:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2022 VS 2029
  1. Figure 41:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, BRAZIL, 2017 - 2029
  1. Figure 42:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, BRAZIL, 2017 - 2029
  1. Figure 43:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2022 VS 2029
  1. Figure 44:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 45:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 46:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2022 VS 2029
  1. Figure 47:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, SOUTH AMERICA, 2019 - 2021
  1. Figure 48:  
  2. MOST ADOPTED STRATEGIES, COUNT, SOUTH AMERICA, 2019 - 2021
  1. Figure 49:  
  2. PRODUCTION CAPACITY SHARE OF POLYETHYLENE TEREPHTHALATE (PET) BY MAJOR PLAYERS, %, SOUTH AMERICA, 2022

South America Polyethylene Terephthalate (PET) Industry Segmentation

Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Argentina, Brazil are covered as segments by Country.

  • The South American polyethylene terephthalate market ranks fourth globally in the consumption of PET. The industry registered a growth of 8.72%, by value, in 2022 compared to 2021.
  • The packaging industry is the largest consumer of PET resin. It registered an annual growth rate of 8.75%, by value, in 2022 compared to the previous year, owing to a significant shift in consumer preferences toward convenience foods and on-the-go lifestyles, as well as the growth of retail-ready packaging. This is driving the demand for packaging materials. For instance, plastic packaging production in the region increased to 6,069 kilotons in 2022 compared to 5,816 kilotons in 2021.
  • The market is expected to register a CAGR of 7.08%, by value, during the forecast period (2023-2029), with the electrical and electronics industry reporting the highest CAGR of 8.44%, by value, during the forecast period. Trends like using advanced materials, organic electronics, miniaturization, and disruptive technologies like 5G, artificial intelligence (AI), and the Internet of Things (IoT), are expected to enable smart manufacturing practices and act as growth drivers for the industry.
  • The packaging industry is the second-fastest-growing industry. It is projected to register a CAGR of 7.07%, by value, during the forecast period owing to governments implementing plastic-free legislation, forcing retailers and consumer brands to move toward sustainable packaging choices like PET polymer as it is a fully recyclable material. Packaging production volume is expected to reach 8,553 kilotons by 2029 from 6,069 kilotons in 2022. Thus, the growth in plastic packaging production is expected to drive the market during the forecast period.
End User Industry Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Country Argentina
Brazil
Rest of South America
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Market Definition

  • End-user Industry - Building & Construction, Packaging, Automotive, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polyethylene terephthalate market.
  • Resin - Under the scope of the study, virgin polyethylene terephthalate resin in primary forms such as liquid, powder, pellet, etc. are considered.
Keyword Definition
Acetal This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc.
Acrylic This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation.
Cast film A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion.
Colorants & Pigments Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix.
Composite material A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements.
Degree of Polymerization (DP) The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands.
Dispersion To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion.
Fiberglass Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass.
Fiber-reinforced polymer (FRP) Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt.
Flake This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics.
Fluoropolymers This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc.
Kevlar Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid.
Laminate A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width.
Nylon They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids.
PET preform A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container.
Plastic compounding Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers.
Plastic pellets Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic.
Polymerization It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds.
Styrene Copolymers A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate.
Thermoplastics Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties.
Virgin Plastic It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials.
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Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
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South America Polyethylene Terephthalate (PET) Market Research FAQs

The South America Polyethylene Terephthalate (PET) Market size is expected to reach USD 2.51 billion in 2024 and grow at a CAGR of 7.05% to reach USD 3.53 billion by 2029.

In 2024, the South America Polyethylene Terephthalate (PET) Market size is expected to reach USD 2.51 billion.

Alfa S.A.B. de C.V., China Petroleum & Chemical Corporation, Enka, Indorama Ventures Public Company Limited and Reliance Industries Limited are the major companies operating in the South America Polyethylene Terephthalate (PET) Market.

In the South America Polyethylene Terephthalate (PET) Market, the Packaging segment accounts for the largest share by end user industry.

In 2024, Brazil accounts for the largest share by country in the South America Polyethylene Terephthalate (PET) Market.

In 2023, the South America Polyethylene Terephthalate (PET) Market size was estimated at 2.51 billion. The report covers the South America Polyethylene Terephthalate (PET) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Polyethylene Terephthalate (PET) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

South America Polyethylene Terephthalate (PET) Industry Report

Statistics for the 2023 South America Polyethylene Terephthalate (PET) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Polyethylene Terephthalate (PET) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

South America Polyethylene Terephthalate (PET) Market Report Snapshots

South America Polyethylene Terephthalate (PET) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

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