Global Biaxially Oriented Polyester (BoPET) Market is Projected to Reach 4.3 Billion US$ by the end of 2025

Author: QYResearch  |   Published Date: 2018-07-26   |   Views: 207


Global Biaxially Oriented Polyester (BoPET) Market: Market Driver and Restraint

Applications of Biaxially Oriented Polyester (BoPET) are anticipated to create new business segments in the market. Biaxially Oriented Polyester (BoPET) is in use for a broad range of Packaging products such as film for flexible pouches, peel-able seals, lids, snacks, barrier films, can laminations & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Biaxially Oriented Polyester (BoPET) application is developed towards a more active mode.

Manufacturers are exploring the potential of Biaxially Oriented Polyester (BoPET) in Industrial & Specialties. Application of Biaxially Oriented Polyester (BoPET) in motor wire and cable, transformer insulation films, capacitors, thermal printing tapes, membrane touch switches (computer and calculator keyboards), are gaining traction in the recent years. Recently, manufacturers have started using Biaxially Oriented Polyester (BoPET) in the Electrical area. Further, there are also potential uses in the areas of flexible printed circuit films.

Global Biaxially Oriented Polyester (BoPET) Market: Key Takeaways

·        On the one hand, Biaxially Oriented Polyester (BoPET) manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers.

·        Besides, they are trying to broaden the applications of Biaxially Oriented Polyester (BoPET) such as Electrical.

·        Consumers are generally quick-change, to get or use newfangled products, better experience, better convenience and more quicker; to find and meet the needs of consumers, and exceeding expectation, better service.

Global Biaxially Oriented Polyester (BoPET) Market: Forecast by Nature

This segment includes Universal Film, Electrical Insulating Film, etc. In terms of volume, Universal Film segment is expected to remain dominant in the global Biaxially Oriented Polyester (BoPET) market.

Global Biaxially Oriented Polyester (BoPET) Market: Forecast by Region

North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. China is the dominant market in the global 1, 2-Propanediol market in terms of value. The China1, 2-Propanediol market was estimated to be valued at US$ 1175.83 Mn in 2017 and is expected to expand at a value CAGR of 4.0% over the forecast period. The India market is expected to expand at a robust rate of 3.3% in terms of revenue over the forecast period due to the steadily increasing production capacity for film for flexible pouches products in this region.

Global Biaxially Oriented Polyester (BoPET) Market: Key Players

 Toray, SKC Films, DuPont Teijin Films, Mitsubishi, Polyplex, Kolon, Jindal, JBF, SRF, Terphane, Uflex, PT Trias Sentosa, Polinas, Coveme, Jiangsu Shuangxing, Jiangsu Xingye, Kanghui Petrochemical, etc. are the key vendors included in this report.

The market of Biaxially Oriented Polyester (BoPET) is very fragmented. Of the 2017 global market, the top 10 companies, all multinational, account for less than 0.4619 of sales. Toray Chemical is by far the leader, followed by SKC Films and DuPont Teijin Films. A number of producers are in China, many small and domestic. However, there are also multinational producers that supply high-quality product to the export-oriented market.

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