Polyethylene Terephthalate (PET) Resin & Polybutylene Terephthalate (PBT) Resin Market Development, Trends, Huge Demand, Growth Analysis and Forecasts 2022-2031

 Key Companies Covered in the PET & PBT resin market Research are Indorama Ventures (Thailand), M&G Chemicals (Luxembourg), Jiangsu Sanfangxiang Group (China), Far Eastern New Century (Taiwan), Alpex (Mexico), and other key market players.

PET & PBT are the main types of thermoplastic polyester resin market. The report covers the important PET resin markets by applications, such as bottles, films, food packaging, and others; and the PBT resin market, such as automotive, electrical & electronics, consumer appliances, and others. The market data for each application is given in terms of volume (thousand tons) and value ($million). The market value of PET & PBT resin was estimated to be $31,471.1 million in 2022 and is projected to grow at a CAGR of 7.3% from 2022 to 2031. The data mentioned in the report is based on the overall demand for the global PET & PBT resin market.

The total market for global thermoplastic polyester resin has been analyzed based on the Porter’s five forces model. This gives an idea about the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to PET & PBT resin raw materials, manufacturers, and end users. The value chain describes the key contributors to the materials market at different stages from product development to end use. It represents the top players who are contributing to the PET & PBT resin industry.

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The impact of different market factors, such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers of PBT resin market, such as the trend of metal being replaced by engineering plastics, growth in electrical & electronics applications, growth of emerging economies; and restraints, such as reducing halogen content in flame-retardant PBT and replacement by bio-based PBT. The key drivers of PET resin industry are population growth, rise in disposable income, urbanization in developing economies, and growing fast moving consumer goods, and restraint such as being a capital and technology intensive industry. The economic slowdown in Europe and North America also affected the economies of other developed countries that are of key importance for the commercial success of new material and its end-user market.

The key companies in PET resin market are Indorama Ventures (Thailand), M&G Chemicals (Luxembourg), Jiangsu Sanfangxiang Group (China), Far Eastern New Century (Taiwan), Alpex (Mexico), and others. The key companies in PBT market are BASF (Germany), Toray Industries (Japan), Royal DSM N.V. (The Netherlands), E. I. du Pont de Nemours and Company (U.S.), Saudi Basic Industries Corporation (Saudi Arabia), Nan Ya Plastics (Taiwan), Lanxess Corporations (Germany), Celanese Corporation (U.S.), and others.

These are the most active and the key players of the PBT resin market. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and serve the customers more effectively. Investments in R&D, followed by expansions were the most preferred strategies by the top players in 2013, which is driving the demand of the PET & PBT resin market. Their strategy to capture the market in developing economies includes expansions and agreements.

The Asia-Pacific region emerged as the driving factor for both PET & PBT resin market, contributing about 38% and 53.6% shares respectively, of the total demand in terms of consumption. In the PBT resin market, China is the leading country in terms of consumption in the Asia-Pacific region, due to the increased demand from the automotive and electrical & electronic industries. The important emerging economies, such as Brazil, India, Germany, U.S., and others are further lined up for a brighter future in this market with the presence of companies, such as BASF, LANXESS Corporation, DSM, and Du Pont.

The report also presents a competitive landscape covering different strategies and developments, such as mergers & acquisitions, expansions, and agreements undertaken by the leading PET & PBT resin companies in the past few years. Different PET & PBT resin market participants are also profiled in the report.

Scope of the report

The report segments the PET & PBT resin market as:

The PET & PBT resin market has been covered in detail in this report. In order to provide an overall picture, the current market demand and forecasts have also been included.

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PET resin market on the basis of applications:

  • Bottles
  • Films/Sheets
  • Food packaging
  • Others

PBT resin market on the basis of applications:

  • Automotive
  • Electrical & electronics
  • Consumer appliances
  • Others

On the basis of geography:

  • North America
  • Europe
  • Asia-Pacific
  • ROW

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