Polyester Recycling Materials Market

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Polyester Recycling Materials MarketMarket
size, Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2022-2027
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• Polyester Recycling Materials market is forecast
  to reach US12.3 billion by 2027, after growing
  at a CAGR of 6.1 during 2022-2027. Globally, the
  increasing demand for recycled polyethylene
  terephthalate or recycled polyesters for the
  production of plastic bottles and food containers
  is estimated to drive the market growth. Liquid
  crystal polymers (LCPs) are a relatively new
  class of partly crystalline aromatic polyesters
  based on 4-hydroxybenzoic acid and similar
  monomers. The rapidly rising demand for polyester
  recycling materials in the textile and apparel
  industry and rising shift towards highly
  sustainable and recyclable packaging solutions
  has also driven the market growth.

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• Key Takeaways
• Globally, an increase in demand for low cost
  recycled items compared to virgin products is
  predicted to uplift the polyester recycling
  materials market growth in the forecast period.
• According to a PepsiCo press release, European
  markets will switch to 100 polyester recycling
  materials bottles by 2022 for key Pepsi-branded
  items. In the United States, the goal is to
  convert all Pepsi-branded goods to 100 polyester
  recycling materials bottles by 2030.
• The COVID-19 pandemic had a significant impact on
  the polyester recycling materials business,
  resulting in international trade bans and
  lock-downs however, the market experienced
  positive growth in the year 2021.

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By Distribution Channel- Segment Analysis Fiber
segment held the largest share in the polyester
recycling materials market and is expected to
continue its dominance over the period 2022-2027.
Recycled polyester (PET) is the most frequently
used fabric in the textile industry, accounting
for about half of all fibres manufactured
worldwide. Increasing demand for polyester
recycling materials in the manufacturing for
fibers to reduce carbon footprint is estimated to
drive the market growth. Campaigns such as the
Recycled Polyester Challenge 2025 have sparked
major changes in the textile sector, encouraging
companies to abandon virgin polyester in favour
of polyester recycling materials.
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• Polyester Recycling Materials Market Industry
  Outlook 
• Indorama Ventures Public Company Limited (IVL)
• Placon
• 3. OCI Materials Co.
• Ulsan Chemical Co. Ltd.
• Mitsui Chemicals Inc
• SK Materials Co. Ltd.
• Formosa Plastics Corporation U.S.A.
• Shandong FeiYuan Technology Co. Ltd.
• Linde plc
• Central Glass Co Ltd. and others

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Polyester Recycling Materials Market Forecast
(2022 - 2027) Learn More
About the Report _at_ https//www.industryarc.com/R
eport/19949/polyester-recycling-materials-market.h
tml
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
  /purchasereport.php?id19949

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Reddy Contact (1) 970-236-3677 Email
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