Toluene diisocyanate manufacturer News In the context of sustainable development, the bottle-grade PET industry has huge room for development

In the context of sustainable development, the bottle-grade PET industry has huge room for development

PET, or polyethylene terephthalate, is the esterification polymerization product of PTA and MEG. It is a colorless, transparent or milky white highly crystalline polymer. According to different forms, PET can be divided into bottle-grade PET, fiber-grade PET, and film-grade PET. The main product of bottle-grade PET is PET plastic bottles, which are widely used in soft drinks, dairy products, on-site beverage production, condiments, cosmetics, medical medicine, electronic products, fresh fruits and vegetables and other fields. According to different structures, PET plastic bottles can be divided into disposable PET bottles and refillable PET bottles.
The upstream of the bottle-grade PET industry chain is raw material suppliers such as olefins, aromatics, ethylene glycol, and purified terephthalic acid; the midstream is Indorama, DAK, Wankai New Materials, Hainan Yisheng, Sanfangxiang, China Resources Materials, Jiangyin Chenggao, etc. Bottle-grade PET manufacturer; downstream applications include food and beverages, electronic products, fresh fruits and vegetables, condiments, cosmetics, medical tools and other applications.
Soft drinks are the main application market for bottle-grade PET. The global soft drink market will be around US$850 billion in 2021, a year-on-year growth of 9.1%. In recent years, in the context of the continuous development of the bottle-grade PET application market, its output has continued to increase. According to the release of ” China’s bottle-grade PET project investment feasibility in 2022-2026 Research Report” shows that China’s bottle-grade PET production in 2021 will be 10.852 million tons, a year-on-year increase of 5.9%.
Currently, in the field of beverage water packaging, the main product of bottle-grade PET is disposable PET bottles. However, disposable PET bottles are the third most common plastic pollutant and cause greater pollution to the marine environment. In the future, against the background of increasing global environmental protection efforts and the continuous development of the circular economy, the market penetration rate of refillable PET bottles will continue to increase. For example, Coca-Cola Company has promised that the proportion of refillable bottles will reach 25% by 2030. In the future, refillable PET bottles are expected to replace disposable PET bottles and become the mainstream product in the market. In the future, under the background of sustainable development, bottle-grade PET still has huge room for development.
my country is the world’s largest producer and major exporter of bottle-grade PET. In recent years, my country’s bottle-grade PET exports have generally shown a sustained growth trend. According to data from the General Administration of Customs, domestic bottle-grade PET export volume in 2021 will be 3.180 million tons, a year-on-year increase of 28.9%; in the first quarter of 2022, bottle-grade PET export volume will be 979,000 tons, a year-on-year increase of 40.53%.
Industry analysts said that my country’s bottle-grade PET market is currently highly concentrated, the competition pattern is relatively stable, and the production capacity is more than 1 million tons. There are five main companies, including Wankai New Materials, Hainan Yisheng, Sanfangxiang, China Resources Materials, and Jiangyin Chenggao. In recent years, under the background of the continuous development of the bottle-grade PET application market, its domestic output has continued to increase, and the industry development prospects are good. In the future, as global environmental protection efforts continue to strengthen and the process of sustainable development continues to accelerate, my country, as the world’s major exporter of bottle-grade PET, has huge room for industry development.
This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.allhdi.com/archives/31137

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