The latest report titled “Polyethylene Terephthalate (PET) manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Polyethylene Terephthalate (PET).
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry, including Polyethylene Terephthalate (PET) manufacturing process, that might influence Polyethylene Terephthalate (PET) manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Polyethylene Terephthalate (PET) with the chemical formula (C10H8O4)n is an extremely flexible thermoplastic polymer belonging to the polyester family. It looks to be colourless to semi-crystalline when stable. It has different properties, like being recyclable and resistant to moisture, impact, alcohols, oils, solvents, aliphatic hydrocarbons, grease and diluted acids. It can vary from semi-rigid to rigid based on how it is processed. Other characteristics of the product include excellent dimensional stability, lightweight, high strength, good barrier properties (against oxygen and carbon dioxide), broad temperature range, electrical insulation, suitability for transparent applications as well as being hard to break.
Market Drivers:
The Polyethylene Terephthalate (PET) market demand is driven by its wide application as a thermoplastic polymer used for various applications, such as packaging, fabrics and the textile industry. In addition, it is used in films to mould automotive and electronic parts. It also works as a great material in transparent applications during processing which furthers the industry’s expansion. Other applications furthering the market growth include its use in textiles and packaging, which is extensively used to make products such as carbonated soft drinks and water bottles; and to pack cooking oils, salad dressings, mouthwash, shampoo, peanut butter, window cleaner, liquid hand soap, and tennis balls. Also, in daily use food containers, food trays etc., a special grade PET s used, which offers various properties like being microwave and oven-friendly, further boosting the market’s development.
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