Polyethylene Terephthalate Compounding Market Size Is Likely To Reach USD 7.82 Billion By 2024
San Francisco, 18 May 2023: The Report Polyethylene Terephthalate Compounding Market Size, Share & Trends Analysis Report By Application (Packaging, Electrical & Electronics, Industrial Machinery, Automotive, Construction, Material Handling), By Region, And Segment Forecasts, 2016 - 2024 The global polyethylene terephthalate (PET) compounding market is expected to reach USD 7.82 billion by 2024, according to a new report by Grand View Research, Inc. Rising polymer demand in end-use industries such as packaging, automotive, electrical & electronics and constructions is expected to remain a key driving force for PET compounding market growth. Strong demand for PET bottles coupled with growing packaged food & beverage industry in emerging economies of Asia Pacific and Latin America such as China, India, Mexico, and Brazil are anticipated to fuel industry growth significantly. Regulatory agencies to reduce Green House Gas (GHG) emissions by means of vehicular weight r