About Lavsan
Lavsan, Polyethylene terephthalate, PET, or PETE is the most common thermoplastic polymer resin of the polyester family. It is primarily utilized in the manufacturing of bottles, containers for liquid & foods, glass fiber, fiber for clothing, etc. In the textile industry, it is highly adapted for the manufacture of sewing threads, curtains and tulle fabrics, decorative fabrics, and faux fur.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2018 |
Unit | Value (USD Million) |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Lavsan market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Indorama Ventures (Thailand), Alpek (Maxico), JBF (India), Octal (Oman), CR Chemical Materials Technology Inc. (China), Zhejiang Hengyi Group (China), Sanfangxiang Group (China), Rongsheng Petrochemical (China) and Wankai New Materials (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Dhunseri Ventures Limited (India) and Neo Group (Lithuania).
Segmentation Overview
AMA Research has segmented the market of Global Lavsan market by Type (Bottle Grade, Fiber Grade and Film Grade) and Region.
On the basis of geography, the market of Lavsan has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-user, the sub-segment i.e. Packaging will boost the Lavsan market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption of Bio-PET Renewable Materials by Various Industries
Market Growth Drivers:
Rapidly Growing Demand for Soft Drinks Will Drive the Market As the Material is Widely Used in Bottle Production and Increased Application of Lavsan in the Field of Creating Food Films and Trays
Challenges:
Government Stringent Regulations Towards the Use of Plastic
Restraints:
The Material is Non-Biodegradable As It is Derived From Crude Oils, Which Harms Environment
Opportunities:
Increasing Demand of Lavsan in Healthcare During the Surgery
Market Leaders and their expansionary development strategies
In April 2022, Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, today completed its acquisition of 100% of Brazil-based Oxiteno S.A. Indústria e Comércio, becoming a leading global supplier in high-value surfactant markets.
In March 2024 Indorama Ventures Public Company Limited, a global sustainable chemical producer, unveiled a significant evolution in its business strategy and outlined how major structural shifts are re-shaping the chemical industry, creating opportunities for the company to emerge stronger from the current downturn and benefit from its unique global model in the longer term.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Lavsan Manufacturers, Suppliers and Distributors of Lavsan, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.