Polyethylene is a synthetic polymer that has recently become a very popular ingredient in the manufacture of plastic. It is used in a variety of different industries for a wide range of purposes including tubing and pipe fittings, as well as many different types of protective coatings for products like medical devices. The typical application of PET preforms is in packaged drinking water. The demand for packaged drinking water has been on a rise in both developed and emerging economies due to convenience and increased awareness regarding drinking clean water. As per the Trade Promotion Council of India, in 2019, the Indian packaged drinking water bottle market was valued at US$ 24 billion, which is expected to reach US$ 60 billion by 2023. Such factors can augment the growth of the PET performs market.
Recently, in November 2019, Société Générale des Techniques (SGT) inaugurated a new SGR plastics recycling line and its PET preform manufacturing unit in France.
Regardless, PET packaging has certain limitations, especially with oxygen-sensitive products. Besides, the demand for carbonated drinks is gradually slowing down since consumers are becoming increasingly aware of the adverse effects of these drinks. Thus, such factors can limit the growth of the PET performs market significantly shortly.
Polyethylene's flexibility and resilience are one of its main selling points, but the material also has many other potential uses. One of the biggest areas of use is in the production of plastic bumpers. Polyethylene's exceptional chemical and physical properties make it ideal for filling in spaces in bumpers. One of the major reasons why PET performs find wide applications is their favorable properties as packaging material. The PET preforms are hard, strong, stiff, and dimensionally stable material that absorbs very little water. Besides, it offers great gas barrier properties and excellent chemical resistance except to alkalis. Such properties can enhance the PET performs market shortly... Read more