The Polyethylene Terephthalate pet Market : The Polyethylene Terephthalate (pet) Market To 2020 - Carbonated Soft Drinks And Bottled Water MarkeThe global demand for PET was growing fast over the last decade. The effect of the economic slowdown has adversely affected the consumption of various commodities in many countries globally. Hence, demand for PET has also slowed down over the past two years. The global PET market in 2009 was 15.3 million tons. As the economies recover from the slowdown, the consumption of commodities will rise again and the global demand for PET will grow at CAGR of 4.9% up to 2020. The demand for PET is highest in Asia. China is driving the majority of the demand for PET in the world. The demand in advanced countries like Japan has largely stabilized. With the large population in countries such as India and China, there is a huge consumption potential in these countries. The Asian demand by volume for PET in 2009 was nearly 4.7 million tons. For more information please click or add the below link to your browser: Europe is the second largest consumer of PET in the world. Russia, Italy and Germany are the major consuming countries in Europe. The demand in some Western European countries, such as Germany, France, Spain and the UK, is approaching the maturity stage. Growth in European PET demand is driven mostly by Russia. The demand for PET in Europe was around 3.7 million tons in 2009. The North American economy is the most developed and advanced, and the scope for growth is lowest as the demand is close to saturation. However, certain new and upcoming applications of PET are driving the North American market. The North American demand for PET in 2009 was close to 3.1 million tons in 2009. The PET demand in South and Central America is growing fairly strongly. This region consumed around 2 million tons of PET in the year 2009. The Middle East and African demand for PET is the second fastest growing after that of Asia. The Middle East and Africa region consumed around
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