Private Companies Dominate the PET Sector in China
China's PET plant capacity is expected to increase from 7.342 MMTPA in 2014 to 7.742 MMTPA in 2019, at a CAGR of 1.1%. Private companies dominate the PET sector in China. The major companies in the region are Jiangsu Sanfangxiang Industry Co., Ltd., Far Eastern New Century Corporation, Zhejiang Wankai New Materials Co., Ltd., Jiangsu Xingye Plastic Co., Ltd. and China Petrochemical Corporation. Together these companies accounted for 40.0% of the PET capacity in China in 2014.
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