June 2003

Trends and Resources

HP Impact: PET: Growth picture looks bright

In the past, PET has been the darling of the petrochemical industry, with double-digit growth rates and higher margins than most other plastic resins. PET has outpaced other resins in g..

Weirauch, Wendy, Hydrocarbon Processing Staff

In the past, PET has been the darling of the petrochemical industry, with double-digit growth rates and higher margins than most other plastic resins. PET has outpaced other resins in growth to the point that its share of global plastics demand has doubled in the past 10 years to 6%. More recently, however, PET has shown the signs of rapid commoditization, with excessive overcapacity and falling margins. While the growth picture has been bright, the margin picture has begun to dim. PET's strong growth has been a contributing factor to the market's poor health. Strong global growth, along with readily available technolo

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