Procurement Resource Analyses the Production Cost of PET in its New Report
Analyses Overview of The New Production Cost Report of PET
The new report by Procurement Resource, a global procurement research, and consulting firm, looks in-depth into the costs involved in the production of PET. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labor wages, maintenance costs, financing charges, and depreciation costs. The extensive study describes the stepwise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the industry that might influence PET production costs, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
PET stands for polyethylene terephthalate and is the most frequently used thermoplastic polymer resin on the planet. It is formed from the polyester family, which is utilized in garment fibers, containers for liquids and foods, thermoforming for production, and technical resins when combined with glass fibers. The bulk of PET production in the world is for synthetic fibers, with bottle manufacture accounting for more than a quarter of global demand.
Factors Impacting the PET Production Cost:
Rising urbanization, high population growth, rising disposable income, on-the-go consumption, takeaway culture, and rising demand for fast-moving consumer goods have all contributed to a surge in the food and beverage industry’s expansion around the world, particularly in emerging economies such as India and China. Food packaging materials made of polyethylene terephthalate (PET) are in high demand due to the booming food and beverage sector. Furthermore, because of their benefits over traditional packaging polymers, PET goods are being used at a rapid rate. These factors are projected to boost the PET market’s growth rate.
Procurement Resource Assessment of PET Production:
The production cost report by Procurement Resource assesses the production of PET from Dimethyl terephthalate. Dimethyl terephthalate and ethylene glycol are reacted at 200 degrees Celsius in the presence of a basic catalyst (OH). Excess ethylene glycol is vacuum-refined at 270–280 °C.
The cost structure of PET produced by the terephthalic acid method is also included in this paper. Ethylene glycol and terephthalic acid are esterified at 220–260 °C under moderate pressure in this procedure. Distillation is utilised to get rid of the water.
The economic study of PET synthesis utilizing the DMT method is also included in the paper. In the presence of a basic catalyst, dimethyl terephthalate is reacted with excess ethylene glycol in the melt at 150–200 °C. The process is accelerated by the distillation of the methanol. Ethylene glycol is vacuum distilled at a higher temperature. At the same time, the second transesterification process takes place at 270–280 °C.
In addition, the cost structure of PET synthesis by esterification of ethylene glycol and terephthalic acid is also included in this study. The process occurs at a high temperature (220–260 °C) and moderate pressure (2.7–5.5 bar). The reaction eliminates water, which is also continually removed by distillation.
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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.
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