Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market 2022 | Detailed Report

Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market 2022-2026, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The global PET resin market size was USD 28.1 billion in 2020 and is projected to reach USD 52.2 billion by 2026. It is anticipated to register a CAGR of 6.1% between 2021 and 2026. Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market by PET Type, PET Application (Bottles, Films, Food Packaging), PBT Application (Electrical and Electronics, Automotive, Consumer Appliance), Region - Global Forecast to 2026.

The report provides a comprehensive analysis of company profiles listed below:
• Indorama Ventures Limited (Bangkok)
• Mitsubishi Chemical Corporation (Japan)
• SABIC (Saudi Arabia)
• BASF (Germany)
• Alpek (Mexico)
• Nan Ya Plastics Corp. (Taiwan)
• DuPont (US)
• Reliance Industries Limited (India)
• Far Eastern New Century Corporation (Taiwan)
• Mitsui Chemicals (Japan)

"The PBT resin market is projected to register a CAGR of 5.1%, in terms of value, between 2021 and 2026."
The global PBT resin market size was USD 3.1 billion in 2020 and is projected to reach USD 5.3 billion by 2026. It is anticipated to register a CAGR of 5.1% between 2021 and 2026. The automotive manufacturers are using PBT materials in their car production to overcome the challenges, such as reducing fuel consumption, CO2 emissions, and lightweight regulations by the European Commission. PBT is lightweight compared to steel and aluminum used in automotive cars. Therefore, it drives the demand for PBT.

"The PET resin market in the transparent & non-transparent PET segment is expected to hold the largest share during the forecast period."
The transparent & non-transparent PET segment leads the overall PET resin market. The rise in demand for PET containers, especially from the food & beverage sector and the increase in demand for frozen & processed food are some major factors driving the growth of the transparent & non-transparent PET segment of the PET resin market.

"The PET resin market in the bottles segment is expected to hold the largest share during the forecast period."
The bottles segment is expected to dominate the PET resin market. The demand from industries such as food and beverage, consumer goods, and others for packing materials is growing due to the increasing consumption of PET resin. The growing demand for lightweight and convenient packaging, increasing quality of ready-to-drink beverages & flavored water, development of innovative merchandise, rising income, increasing usage in attention merchandise, and demand from personal care and pharmaceutical business can enhance the growth of the PET bottle market.

"The PBT resin market in the electrical & electronics segment is expected to hold the largest share during the forecast period."
The PBT resin market's growth is based on the growth of the electronics application, not the downsizing of micro-electronics. The key driver of the electrical & electronics industry is socio-economic development, including the rise in disposable income, particularly in the emerging markets. The above factors will drive the PBT resin market in the Asia Pacific during the next five years. The markets in China, India, and other rapidly emerging countries are expected to witness strong growth in this segment.

"Asia Pacific PET & PBT resins market is estimated to register the highest CAGR during the forecast period."
Asia Pacific is the manufacturing base and various leading companies are based in the Asia Pacific. Increasingly stringent regulations on the production and use of PET in developed regions such as Europe are leading industry leaders in expanding their recycling facilities and using rPET in their products.The Asia Pacific region has a high number of players in industries such as automobile and electrical & electronics which are end users of PET & PBT resins.

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Competitive Landscape of Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market:
1 Overview
2 Market Share Analysis
2.1 Market Ranking Analysis
3 Company Revenue Analysis
4 Company Evaluation Quadrant, 2020
4.1 Stars
4.2 Emerging Leaders
4.3 Pervasive
4.4 Participants
5 Sme Matrix, 2020
5.1 Progressive Companies
5.2 Dynamic Companies
5.3 Starting Blocks
5.4 Responsive Companies
6 Strength Of Product Portfolio
7 Business Strategy Excellence
8 Competitive Scenario
8.1 Market Evaluation Framework
8.2 Market Evaluation Matrix
9 Strategic Developments

Research Coverage:
This report provides detailed segmentation of the PET & PBT resins market based on PET type, PET application, PBT application, and region. PET type is divided into transparent & non-transparent PET and recycled PET. With respect to PET application, the PET resin market has been segmented into bottles, films, food packaging and others. Based on PBT application, the PBT resin market has been segmented into electrical & electronics, automotive, consumer appliances and others.

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