The domestic recycled Polyethylene Terephthalate (r-PET) market has been going from strength to strength since March, a strong Q2 further catapulted the product among top commodities in the USA. Market participants reported that demand for r-PET has continued to be strong as the virgin PET supply remains constrained in the market. Re-processors and recyclers remarked that given the strong demand, supply has shifted from balanced in mid Q2 to tight in early Q3. Recycled polymers, in general, have gained traction in the US market in terms of demand as key virgin polymers remained tight. Prices of recycled Polyethylene Terephthalate (r-PET) were assessed between USD 1540-1590 per MT on FOB basis for clear flakes.
ChemAnalyst gathers information through primary research surveys conducted with various R-PET manufacturers, spread across the domestic and international market, suppliers, and dealers/distributors to gain insights into value-chains and demand-supply scenarios to assess the market situation. A thorough study of the company’s annual reports and secondary sources such as an exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated, and presented in chronological order to depict a meaningful and clear picture of the concerned market.
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global R-PET market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global R-PET market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.
Finally, region-specific markets for R-PET are analyzed and region-wise demand pattern is tracked.
rPET stands for recycled Polyethylene Terephthalate. PET is strong, lightweight, and transparent plastic. Due to its unique properties, It is one of the most commonly used plastics. It is usually made from a combination of oil and petrochemicals. PET is part of the thermoplastics’ family, which means they can be transformed into many different shapes and sizes. Virgin PET plastic made from oil and petrochemicals, can be recycled into r-PET. The plastic content in r-PET is recycled, so it can be produced without exhausting natural resources. In the recycling process, plastic is collected, cleaned and reformed into various products. Through reuse and a minimum of 24% reduction in carbon emissions during production, rPET is considered a more sustainable choice. Technically, anything that is made from PET can be replaced with rPET. It finds application in various end-use industries including FMCG, consumer goods, clothing & textile, automotive, and others. The resins are produced from post-consumer PET bottle flakes and are one of the most stable forms of recycled PET.
Product Specific Details:
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CAS No:
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25038-59-9
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HS Code:
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39-07
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Grade:
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Industrial Grade
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Contract Size:
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100-150MT
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Packaging Type:
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Drum
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