The report 'Polyethylene Terephthalate (PET) Polybutylene Terephthalate (PBT) Resins Market by PET Type, PET Application (Bottles, Films, Food Packaging), PBT Application (Electrical Electronics, Automotive, Consumer Appliance), Region - Global Forecast to 2029', exhibits high growth potential and is projected to reach a market size of USD 57.64 and USD 6.37 billion by 2029 respectively from USD 43.06 and USD 4.93 Billion in 2024 at a CAGR of 6.0% and 5.3% respectively. One of the largest markets for PET PBT resin worldwide is the Asia Pacific area. The demand for PET PBT resin is increasing in the bottles, packaging, electricals and electronics, and automotive industry. The demand from developing nations, such as China, India, and Brazil are expected to drive the global PET PBT resin market.
Browse in-depth TOC on 'Polyethylene Terephthalate (PET) Polybutylene Terephthalate (PBT) Resins Market'
320 – Tables
80 – Figures
400 – Pages
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In Europe, rPET, by type segment is expected to be fastest growing type for PET resin market during the forecasted period.
rPET (recycled polyethylene terephthalate) is expected to be the fastest-growing segment in the PET resin market in Europe due to rising environmental concerns and sustainability initiatives. European regulations, such as the Circular Economy Action Plan, encourage increased use of recycled materials. Consumer demand for eco-friendly packaging and advancements in recycling technologies also support this trend. Major brands are committing to using more rPET in packaging, further driving the growth of rPET in the European market during the forecast period.
Bottle, by application segment hold the largest share in PET resin market during forecast period.
The largest share in the PET resin market during the forecast period will likely be held by bottles due to their vast application in packaging beverages, food, and other consumer products. Bottles are made with PET as it is lightweight and strong, along with being relatively cheap. Bottles made of PET are therefore gaining increasing prominence due to the rising demand for bottled water, soft drinks, and other convenience food packaging, the trend toward sustainable packaging, and the developments in recycling technologies. Such advancements are set to positively imprint PET bottle market growth by accelerating their share.
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Asia Pacific likely to be the fastest growing region of the global PBT resin market during forecasted period.
The Asia Pacific region shall be a leading contributor to the global PBT (Polybutylene Terephthalate) resin market growth throughout the forecast period. This rise can be attributed to progression in industrialization, increased demand for automotive components, and growth of electronics and electrical sectors in the region. Countries including China, India, and Japan will be the fast-developing nations fueling the region's rapid manufacturing advancement and enlarging consumer markets. Also, the urge for high-performance materials in automotive and electronics is placing strong demand on PBT resins in the region.
Indorama Ventures Public Company Limited (Thailand), Alpek, S.A.B. de C.V. (Mexico), SABIC (Saudi Arabia), BASF SE (Germany), Lotte Chemical Corporation (South Korea), Mitsubishi Chemical Group Corporation (Japan), and Jiangsu Sanfangxiang Group Co., Ltd. (China) are the key players in the global PET PBT resin market.
? Top 10 Key Players in the PET Resin Market
Indorama Ventures Public Company Limited (Thailand)
The world’s largest PET producer with a global footprint in resin manufacturing, recycling, and downstream packaging.MG Chemicals (Luxembourg)
A leading producer of PET and PTA, known for large-scale production capabilities in Europe and the Americas.Far Eastern New Century Corporation (Taiwan)
Major PET resin supplier with vertical integration from polyester fibers to packaging-grade PET resins.JBF Industries Ltd. (India)
Global manufacturer of PET resins and films, with production facilities in Asia, the Middle East, and Europe.SABIC (Saudi Arabia)
A major chemical company producing high-quality PET resins with a focus on sustainability and recyclability.DAK Americas (U.S.)
A subsidiary of Alpek, DAK is a key supplier of PET resins in North America with a strong recycling portfolio.Reliance Industries Limited (India)
One of the largest integrated PET resin manufacturers in Asia, with a strong focus on packaging and textiles.Nan Ya Plastics Corporation (Taiwan)
Offers a wide range of PET resins for containers, films, and sheets, with a global distribution network.Toray Industries, Inc. (Japan)
Supplies high-performance PET resins for packaging, electronics, and industrial applications.Quadrant Engineering Plastic Products (Switzerland)
Specializes in engineered PET grades for demanding industrial applications like automotive and electrical.
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? Trends Shaping the Market:
Shift Toward Bio-Based Recyclable PET: Companies are investing in plant-based PET and advanced recycling technologies.
Lightweight Packaging Innovations: PET bottles are becoming thinner and more durable to reduce plastic usage and improve transport efficiency.
Technological Advancements: Enhanced PET grades are being developed for barrier protection, heat resistance, and UV shielding.
Table of Content:
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social, and Technological) Analysis of Polyethylene Terephthalate (PET) Polybutylene Terephthalate (PBT) Resins Market
2 Market Trends and Competitive Landscape
3 Segmentation of Polyethylene Terephthalate (PET) Polybutylene Terephthalate (PBT) Resins Market by Types
4 Segmentation of Polyethylene Terephthalate (PET) Polybutylene Terephthalate (PBT) Resins Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Polyethylene Terephthalate (PET) Polybutylene Terephthalate (PBT) Resins Market in Major Countries
7 North America Polyethylene Terephthalate (PET) Polybutylene Terephthalate (PBT) Resins Landscape Analysis
8 Europe Polyethylene Terephthalate (PET) Polybutylene Terephthalate (PBT) Resins Landscape Analysis
9 Asia Pacific Polyethylene Terephthalate (PET) Polybutylene Terephthalate (PBT) Resins Landscape Analysis
10 Latin America, Middle East Africa Polyethylene Terephthalate (PET) Polybutylene Terephthalate (PBT) Resins Landscape Analysis
11 Major Players Profile
