Report Id: SNS/C&M/2458 | July 2022 | Region: Global | 127 Pages
Report Scope & Overview:
Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Size was valued at USD 31.75 billion in 2022, and expected to reach USD 51.76 billion by 2030, and grow at a CAGR of 6.3 % over the forecast period 2023-2030. In comparison to other thermosetting materials, polyethylene terephthalate is a recyclable polyester that is employed in a wide range of applications. The fact that it is reusable provides a cost benefit to the makers. PET bottle consumption rises as a result of recycling, as does demand for PET resin.
PET (polyethylene terephthalate) is a highly recyclable plastic material.
Investments in the region's collection/recycling capacities.
Increase the operating cost.
Price fluctuations in raw commodities.
Development of sustainable packaging materials.
Needed raw ingredients for the production of virgin plastics.
Recycled plastics have high costs.
Impact of Covid-19:
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.
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)
By PET Type:
Transparent & Non-Transparent PET
By PET Application:
By PBT Application:
Electrical & Electronics
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 31.75 Billion|
|Market Size by 2030||US$ 51.76 Billion|
|CAGR||CAGR of 6.3% From 2023 to 2030|
|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 (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, 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||• PET (polyethylene terephthalate) is a highly recyclable plastic material.
• Investments in the region's collection/recycling capacities.
|Restraints||• Increase the operating cost.
• Price fluctuations in raw commodities.
Frequently Asked Questions (FAQ) :
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 29.87 billion in 2021, and expected to reach USD 45.11 billion by 2028, and grow at a CAGR of 6.3 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Segment, By PET type:
8.1 Transparent & Non-Transparent PET
8.2 Recycled PET
9. Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Segment, By PET application:
9.3 Food Packaging
10. Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Segment, By PBT application:
10.1 Electrical & Electronics
10.3 Consumer Appliances
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profile
12.1 Nan Ya Plastics Corp.
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.3 Indorama Ventures Limited (Bangkok)
12.4 BASF (Germany)
12.5 Mitsubishi Chemical Corporation
12.6 Reliance Industries Limited (India)
12.7 Far Eastern New Century Corporation
12.8 Mitsui Chemicals
12.9 DuPont (US)
12.11 Alpek (Mexico)
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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