Brazil Polyethylene Terephthalate (PET) Market, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Brazil Polyethylene Terephthalate (PET) Market


The Brazil polyethylene terephthalate market size was valued at USD 1.37 billion in 2017. It is expected to expand at a CAGR of 4.7% during the forecast period. Upswing in the demand for the product from the beverage packaging industry in the country has contributed to the growth of the PET market. Polyethylene Terephthalate, commonly known as PET or PETE, is a non-toxic, lightweight, safe, and flexible material, which can be recycled and reused efficiently. It can also be processed up to 3 to 4 times without affecting its chemical properties.
On account of weak domestic demand, due to economic recession faced by Brazil from 2014 to 2016, PET manufacturers witnessed decline in product demand. Since revival of the economy from 2017, which has been characterized by steady domestic demand, manufacturers are focusing on expansion of their resin exports to overcome market challenges. Ongoing economic crisis in Venezuela have also adversely impacted exports from the country. The debt-ridden economy of Venezuela has insufficient access to US dollars, which has resulted in reduced imports from foreign markets.

  
Manufacturers of PET in Brazil aim to attain optimum business growth as well as competitive market position through adoption of various strategies such as acquisitions, new product launches, collaborations, and intensive investments in research & development related to PET. Positive growth of applications in the food & beverages and fibers segments is estimated to offer lucrative market growth opportunities to PET producers in the country.
Owing to application opportunities, intensity of rivalry is anticipated to increase during the forecast period. Hence, players are focusing on strengthening their market position through development of novel technologies. PET has gained considerable adoption across application segments such as food & beverage, fibers, consumer goods, and films & sheets.

Market Segmentation, Outlook & Viewpoint: Brazil Polyethylene Terephthalate (PET) Market


This report forecasts revenue at country level and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the Brazil polyethylene terephthalate (PET) market report on the basis of application:

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

Food & Beverages

Films & sheets

Consumer Goods

Fibers

Others

Key Players, Recent Developments & Regional Insights: Brazil Polyethylene Terephthalate (PET) Market


Major applications of polyethylene terephthalate (PET) include food & beverages, films & sheets, consumer goods, and fibers. Among these, food & beverages were the most prominent application segment in the Brazil PET market in 2017. The segment will continue to dominate the market through 2025.
PET is mainly utilized to produce bottles for the beverage industry. It is safe for food contact and is chemically inert, which enable its extensive use in food packaging applications as well. These aforementioned factors are projected to fuel the demand for PET over the forecast period. Despite economic as well as political crises in Brazil, the food & beverages industry has been reviving since 2017.
Surging demand for high-resistance fibers to manufacture carpet textiles is supporting the growth of the overall market. Fibers manufactured from PET are poised to witness the fastest growth during the forecast period. PET fibers possess high resistance towards stretching, leading to high initial modulus. Moreover, they are stiffer as compared to nylon fibers, which makes the former ideal for application in textiles, where high dimensional stability is needed.
Brazil Polyethylene Terephthalate (PET) Market Share Insights
Key players operating in the market are SABIC; Indorama Ventures Public Company Limited; Alpek S.A.B. de C.V.; RTP Company; Toray International, Inc.; Nan Ya Plastics Corporation; E. I. du Pont de Nemours and Company; and Teijin Limited.
In March 2018, the company entered into an agreement to acquire M&G Polimeros Brazil S.A., which is based in Ipojuca, Brazil. The capacity of the plant is 550,000 tonnes per annum and is the largest in Brazil. Strategic location of the plant offers several benefits such as close vicinity to manufacturers of PTA, which is a key feedstock in the production of PET. The strategy is likely to play a vital role in expanding presence of the company, particularly in South American countries.

Key Insights Covered: Global Brazil Polyethylene Terephthalate (PET) Market
1.  Market size (sales, revenue and growth rate) of Brazil Polyethylene Terephthalate (PET) industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Brazil Polyethylene Terephthalate (PET) industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Brazil Polyethylene Terephthalate (PET) industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Brazil Polyethylene Terephthalate (PET) industry.

Research Methodology: Brazil Polyethylene Terephthalate (PET) Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.