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The Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Resins Market Size was valued at USD 33.8 billion in 2023 and is expected to reach USD 58.5 billion by 2032 and grow at a CAGR of 6.3% over the forecast period 2024-2032.
Polybutylene Terephthalate resins have gained prominence in the automotive, particularly the electric vehicle sector. The developing technology is one of the reasons why the PBT resins have continued to capture the largest market share. Additionally, many utility features and attributes are pegged to these materials, including being lightweight and sturdy. PBT resins are designed to have excellent mechanical strength, remain thermally stable, and be highly resistant to chemicals. Thus, it is good for automotive materials, whether it be connectors, housings, or sensors.
As several governments across the globe continue to push for carbon reduction and fuel efficiency, the demand for PBT and other such advanced materials has been on the rise. For example, in the USA, there is the DoE’s Road plan to double the vehicle’s fuel efficiency, putting pressure on the automakers to ensure they are using light materials to achieve the said standards.
For instance, In March 2024, Eastman Chemical Company expanded its PBT production line in the United States, a move aimed at catering to the growing demand from the automotive and electronics sectors. This expansion was in line with the U.S. government's initiatives to promote advanced manufacturing and reduce the carbon footprint of the automotive industry.
The growing environmental awareness and the creating several solid recycling policy programs or campaigns stimulate the profound growth of Polyethylene Terephthalate PET Polybutylene Terephthalate PBT resins. The demand for such items as PET increases, and this tendency may be considered global as all the countries require plastics used in packaging to be recycled.
Market Dynamics:
Drivers
Rising demand for the packaging industry drives the market growth.
The world Polyethylene Terephthalate and Polybutylene Terephthalate Resins market has been experiencing considerable growth on account of the expanding packaging industry and the advent of stringent government rules and regulations for the promotion of certain materials. As per the Environmental Protection Agency, the packaging sector has an immense preference for PET resins, due to their recyclable nature, and the consequent recycling rate of PET bottles and containers was observed to be 29% in 2023. In addition, the world is anticipating the explicit use of PET bottles with a minimum of 25% recycled content, according to the EU’s Directive on Packaging and Packaging Waste by 2025. Further, the drive for PET resins can also be felt in the automobile industry given its lightweight properties and durable characteristics. The U.S. Department of Energy reports that PBT resins are more favorable in electric cars due to the government’s low carbon emissions and fuel tray efficiency drive. Hence, it can be concluded that the augmenting governmental interest has been acting as a lucrative factor for the PET and PBT resins market.
Moreover, PET's extensive use in packaging, especially for bottles and containers, is a significant driver due to its lightweight, strength, and recyclability. The push for sustainable packaging solutions further enhances its demand.
Restrain
Price fluctuations in raw commodities hamper the market growth.
Price fluctuations in raw commodities represent a significant restraint on the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) resins market. The production of PET and PBT resins heavily relies on petrochemical derivatives such as crude oil, ethylene glycol, and terephthalic acid. These raw materials are subject to considerable price volatility, driven by factors such as geopolitical tensions, changes in global oil supply and demand, and market speculation. For instance, sudden spikes in crude oil prices can lead to increased production costs for PET and PBT resins, making them less competitive compared to alternative materials.
By Type
Transparent & Non-Transparent PET segment held the largest market share around 58.23% in 2023. Among the various types of PET, Transparent PET emerged as the leading segment in 2023, driven by its widespread use in packaging applications, particularly in the beverage industry. Transparent PET is favored for its clarity, strength, and barrier properties, making it the material of choice for products like water and soda bottles, where visual appeal and product integrity are crucial. According to the U.S. Food and Drug Administration (FDA), Transparent PET is also highly valued for its safety in food contact applications, further boosting its demand.
By PET Application
The highest emerging among the PET applications was the bottles segment in 2023, which held more than 60% of the PET market share. It is because processing of bottled water and carbonated soft drinks triggered the demand for bottled beverages, including bottled juice and even bottled ready-to-drink teas and coffees. Moreover, the U.S. FDA, PET bottles are very popular and they are favored because they are not poisonous, long-lasting, difficult to break, and moreover they can be recycled. It was also emphasized by IBAMA that the consumption of the bottled water was pushed up due to the low-quality water and that had significantly influenced the demand for PET bottles. The PET bottle has also been brought in use because of the drive towards sustainable packing and the government rules which have been regulating the management of the waste plastic has hastened its production.
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Regional Analysis:
In 2023, the Asia-Pacific region held the highest market share of around 45.4%. This dominance is primarily attributed to the region's rapid industrialization, urbanization, and growing population, which have led to an increased demand for packaging materials. According to the National Development and Reform Commission of China, the country has been the highest consumer of PET resins, driven by the booming food and beverage industry, as well as the rising demand for sustainable packaging. Moreover, the Indian Ministry of Commerce and Industry reported that the government's initiatives to promote the use of recyclable materials and reduce plastic waste have further propelled the market growth in the region. The presence of major manufacturing hubs and the availability of raw materials at competitive prices have also contributed to the Asia-Pacific region's leadership in the PET & PBT resins market.
During the forecast period, the Asia Pacific PET & PBT resins market is expected to grow at the fastest rate. The Asia Pacific area has a large number of end customers of PET and PBT resins in industries such as automobiles and electrical and electronics. The Asia Pacific area has the most people and the most emerging countries, which account for the majority of market growth as these countries focus on industrialization. To assure sustainable demand and grow their market share, leading global corporations are relocating production facilities, opening sales offices, and expanding their distribution channels to regions such as China, India, and Southeast Asia. The growing relocation of manufacturing facilities to nations with high demand and low production costs is boosting market expansion.
Key Players:
The major key players listed in the PET & PBT Resins Market are Nan Ya Plastics Corp., SABIC, Indorama Ventures Limited (Bangkok), BASF (Germany), Mitsubishi Chemical Corporation, Reliance Industries Limited (India), Far Eastern New Century Corporation, DuPont (US), Alpek (Mexico).
July 2024: Indorama Ventures announced the expansion of its PET recycling facility in Poland, aiming to increase its recycling capacity by 20%. This move aligns with the European Union's Circular Economy Action Plan, which mandates higher recycling targets for PET by 2025.
March 2024: Eastman Chemical Company unveiled a new PBT production line in the United States, enhancing its capacity to meet the growing demand from the automotive and electronics sectors. The expansion was supported by the U.S. Department of Energy's initiatives to promote advanced manufacturing in the country
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 33.8 Billion |
| Market Size by 2032 | US$ 58.5 Billion |
| CAGR | CAGR of 6.3% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By PET type (Transparent & Non-Transparent PET, Recycled PET) • By PET application (Bottles, Films, Food Packaging, Others) • By PBT application (Electrical & Electronics, Automotive, Consumer Appliances, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Nan Ya Plastics Corp., SABIC, Indorama Ventures Limited (Bangkok), BASF (Germany), Mitsubishi Chemical Corporation, Reliance Industries Limited (India), Far Eastern New Century Corporation, and Mitsui Chemicals, DuPont (US), Alpek (Mexico) |
| DRIVERS | • Rising demand for the packaging industry drives the market growth. • Investments in the region's collection/recycling capacities. |
| Restraints | • Increase the operating cost. • Price fluctuations in raw commodities hamper the market growth. |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Nan Ya Plastics Corp. (Taiwan), SABIC (Saudi Arabia), Indorama Ventures Limited (Bangkok), BASF (Germany), Mitsubishi Chemical Corporation (Japan), Reliance Industries Limited (India), Far Eastern New Century Corporation (Taiwan), and Mitsui Chemicals (Japan), DuPont (US) and Alpek (Mexico).
Ans: The unusual coronavirus outbreak had resonated throughout the global economy, affecting global supply chains that transfer materials and components fast across borders and between fabrication locations. As a result, there have been delays or non-arrival of raw materials, messed up money transfers, and an increase in absenteeism among production line workers. The global economy and the performance of numerous industries have been impacted by these issues. The PET & PBT resins market was immediately impacted by the loss of several industries.
Ans: Needed raw ingredients for the production of virgin plastics and Recycled plastics have high costs are the challenges faced by the Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market.
Ans: Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Size was valued at USD 33.8 billion in 2023, and expected to reach USD 58.5 billion by 2032, and grow at a CAGR of 6.3 % over the forecast period 2024-2032.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization, by Country, by Type, 2023
5.2 Feedstock Prices, by Country, by Type, 2023
5.3 Regulatory Impact, by Country, by Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by region
5.5 Innovation and R&D, by Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Segmentation, by PET Type
7.1 Chapter Overview
7.2 Transparent & Non-Transparent PET
7.2.1 Transparent & Non-Transparent PET Market Trends Analysis (2020-2032)
7.2.2 Transparent & Non-Transparent PET Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Recycled PET
7.3.1 Recycled PET Market Trends Analysis (2020-2032)
7.3.2 Recycled PET Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Segmentation, by PET Application
8.1 Chapter Overview
8.2 Bottles
8.2.1 Bottles Market Trends Analysis (2020-2032)
8.2.2 Bottles Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Films
8.3.1 Films Market Trends Analysis (2020-2032)
8.3.2 Films Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Food Packaging
8.4.1 Food Packaging Market Trends Analysis (2020-2032)
8.4.2 Food Packaging Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Others
8.5.1 Others Market Trends Analysis (2020-2032)
8.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Segmentation, by PBT Application
9.1 Chapter Overview
9.2 Electrical & Electronics
9.2.1 Electrical & Electronics Market Trends Analysis (2020-2032)
9.2.2 Electrical & Electronics Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Automotive
9.3.1 Automotive Market Trends Analysis (2020-2032)
9.3.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Consumer Appliances
9.4.1 Consumer Appliances Market Trends Analysis (2020-2032)
9.4.2 Consumer Appliances Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Others
9.5.1 Others Market Trends Analysis (2020-2032)
9.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.2.4 North America Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.2.5 North America Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.2.6.2 USA Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.2.6.3 USA Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.2.7.2 Canada Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.2.7.3 Canada Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.2.8.3 Mexico Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.1.6.3 Poland Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.1.7.3 Romania Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.2.5 Western Europe Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.2.6.3 Germany Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.2.7.2 France Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.2.7.3 France Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.2.8.3 UK Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.2.9.3 Italy Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.2.10.3 Spain Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.2.13.3 Austria Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.4.5 Asia Pacific Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.4.6.2 China Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.4.6.3 China Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.4.7.2 India Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.4.7.3 India Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.4.8.2 Japan Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.4.8.3 Japan Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.4.9.3 South Korea Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.4.10.3 Vietnam Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.4.11.3 Singapore Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.4.12.2 Australia Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.4.12.3 Australia Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.5.1.5 Middle East Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.5.1.6.3 UAE Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.5.2.4 Africa Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.5.2.5 Africa Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.6.4 Latin America Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.6.5 Latin America Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.6.6.3 Brazil Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.6.7.3 Argentina Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.6.8.3 Colombia Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PET Application (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market Estimates and Forecasts, by PBT Application (2020-2032) (USD Billion)
11. Company Profiles
11.1 Nan Ya Plastics Corp.
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 SABIC
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Indorama Ventures Limited
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 BASF SE
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Mitsubishi Chemical Corporation
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Reliance Industries Limited
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Far Eastern New Century Corporation
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 DuPont
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Alpex
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Mitsui Chemicals
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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Key Segments:
By PET Type
Transparent & Non-Transparent PET
By PET Application
Bottles
Films
Food Packaging
Others
By PBT Application
Electrical & Electronics
Automotive
Consumer Appliances
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Concrete Floor Coating Market size was USD 4.75 Billion in 2023. It is estimated to hit USD 7.6 million by 2032 and grow at a CAGR of 5.4% by 2024-2032.
Active Ingredients Market size was valued at USD 3.9 billion in 2023 and is expected to reach USD 6.2 billion by 2032 and grow at a CAGR of 5.4% over the forecast period 2024-2032.
The Feed Mycotoxin Detoxifiers Market size was valued at USD 2.2 Billion in 2023 and is expected to reach USD 3.3 Billion by 2032 and grow at a CAGR of 4.8% over the forecast period of 2024-2032.
The Polyurethane Foams Market is expected to increase at a CAGR of 7.4%, from USD 49.6 billion in 2023 to USD 93 billion in 2032.
The Air Handling Units Market size was valued at USD 13.16 billion in 2023 and is expected to reach USD 23.00 billion by 2032 and grow at a CAGR of 6.40% over the forecast period 2024-2032.
The Ultra-High Molecular Weight Polyethylene (UHMWPE) Market size was valued at USD 1.9 billion in 2023. It is estimated to reach USD 4.39 billion by 2031, with a compound annual growth rate (CAGR) of 11.1% during the forecast period from 2024 to 2031.
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