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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.

Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Revenue Analysis

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Market Dynamics:

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

Opportunity:

Challenge:

  • 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.

Market Segment:

By PET Type:

By PET Application:

  • Bottles

  • Films

  • Food Packaging

  • Others

By PBT Application:

  • Electrical & Electronics

  • Automotive

  • Consumer Appliances

  • Others

Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Segmentation Analysis

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Regional Analysis:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

Key Players:

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).

Mitsubishi Chemical Corporation-Company Financial Analysis

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Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Report Scope:
Report Attributes Details
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
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
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

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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 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:

9.1 Bottles

9.2 Films

9.3 Food Packaging

9.4 Others

10. Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Segment, By PBT application:

10.1 Electrical & Electronics

10.2 Automotive

10.3 Consumer Appliances

10.4 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profile

12.1 Nan Ya Plastics Corp.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 SABIC

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.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14. Conclusion

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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.

Secondary Research

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.

Primary Research

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Data Bank Validation

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