The size of the recycled PET market continues to grow, and countries around the world are developing out of step

Polyethylene terephthalate (PET), with the chemical formula (C10H8O4)n, is the most important variety of thermoplastic polyester, commonly known as polyester resin. PET has good creep resistance, fatigue resistance, friction resistance and dimensional stability, low wear and high hardness. It has the greatest toughness among thermoplastics, so it can be used to produce film sheets and packaging bottles; it has good electrical insulation properties and is protected by It has little effect on temperature and can be used to produce a variety of electronic and electrical products; it is non-toxic, has good weather resistance, good stability against chemicals, low water absorption, and is resistant to weak acids and organic solvents. It can be used in auto parts, gears, cams, pump casings, etc. Equipment.

Recycled PET is a recycled material produced by processing used PET industrial waste, food packaging containers, waste beverage bottles, etc. through crushing, cleaning, high vacuum drying, heating and plasticizing, drawing, cooling, and granulation. Made into PET related products, such as chemical fiber textile materials, PET sheet materials, engineering plastic injection molding materials, etc.

The treated recycled PET materials are basically the same as new PET materials in terms of performance and can be applied to most application fields of new PET materials. However, the price of recycled PET materials is much lower than that of new PET materials, whether used alone or combined with new PET materials. The mixed use of materials can reduce material costs. At the same time, the recycled PET used in recycled PET not only reduces the pressure on environmental protection, but also improves the overall utilization rate of materials. Therefore, recycled PET has attracted the attention of domestic and foreign governments and enterprises, and its application fields are becoming more and more extensive. .

Industrial Research Center released “Recycled PET 2021-2025” Industry In-Depth Market Research and Investment Strategy Suggestions Report shows that recycled PET is a highly recyclable plastic and one of the most widely used recycled plastics in the world. It is used in global fiber textiles, food packaging, The demand for recycled PET from downstream industries such as sheet, film and automotive parts has driven the continued growth of the global recycled PET market. In 2020, the global recycled PET market size has exceeded 50 billion yuan. Among them, thanks to the development scale and speed of industries such as food packaging, automobile industry, and textile industry, the Asia-Pacific region represented by China is the world’s largest demand market for recycled PET.

The recycled PET fiber industry is an industry with a shortage of raw materials. The main raw material is waste PET bottle recycling. Among them, the insufficient supply of PET bottle flakes every year is made up of foam materials processed from waste generated in the polyester fiber production process and a small amount of PET fiber cloth scraps. Foam replenishment, therefore the effective recycling of PET is crucial. At present, developed countries such as the United States, Japan, and Germany have implemented waste management frameworks but lack effective recycling mechanisms, facilities and services. The actual recycling rate is far lower than expected. In addition, the shale gas industry in the United States has also promoted the cost and cost of new PET materials in the United States. The decline in prices has weakened the competitive advantage of PET, while Egypt, Turkey, South Africa, Brazil and other countries have not yet paid attention to waste recycling or have not carried out effective recycling.

In the future, with the continuous development of the global economy, the global demand for PET materials will continue to grow. At the same time, as global downstream companies continue to increase the proportion of recycled PET materials, developed countries such as Europe and the United States, and developing countries such as Egypt and Brazil will recycle PET materials. As the utilization rate continues to increase, global recycled PET will further expand in terms of demand, raw material supply, and application scope. It is expected that the global recycled PET market will exceed 70 billion yuan in 2025, and the industry still has considerable room for growth.