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
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
Abstract
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. PET is the only recyclable polyester and is used in different applications compared to the other thermosetting materials.
This advantage of being reusable helps the manufacturers to have a cost advantage. Recycling PET increases the consumption of PET bottles and supports the demand for PET resin. In contrast, volatility in raw material prices, such as crude oil, affects the price of ethylene glycol and terephthalic acid, influencing the price of PET resin. The increasing demand will burden the industry over the next few years.
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. On the other hand, reducing halogen content in flame-retardant PBT is a key challenge because substituting a non-brominated, non-chlorinated FR chemistry usually degrades its mechanical performance. Due to strict environmental regulations, brominated flame retardants are not acceptable in Korea and China.
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.
In contrast, developed markets such as the US, Germany, Japan, and the UK are expected to grow at slow rates during the forecast period. The demand for PBT in electronic components and assembly is expected to continue to create new growth opportunities for the market. The increased use of PBT resin in the electrical & electronics segment continues to drive the PBT resin market
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. The Asia Pacific is the highest populated region and also has the highest number of emerging countries which account for the major market growth as emerging countries focus on industrialization.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in PET & PBT resins market, and information was gathered from secondary research to determine and verify the market size of several segments and subsegments.
•By Company Type: Tier 1 – 45%, Tier 2 – 35%, and Tier 3 – 20%
•By Designation: C Level – 35%, D Level – 25%, and Others – 40%
•By Region: Asia Pacific – 40%, Europe – 25%, North America – 20%, Middle East & Africa – 8% and the South America- 7%
The key companies profiled in this report are the 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), and Mitsui Chemicals (Japan).
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. Based on the region, the market has been segmented into the Asia Pacific, Europe, North America, South America, and the Middle East & Africa.
Key Benefits of Buying the Report
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
Content
Table of Contents
1INTRODUCTION27
1.1STUDY OBJECTIVES27
1.2MARKET DEFINITION27
1.3INCLUSIONS & EXCLUSIONS28
TABLE 1PET RESIN MARKET, BY APPLICATION28
TABLE 2PBT RESIN MARKET, BY APPLICATION28
1.4MARKET SCOPE29
FIGURE 1PET & PBT RESINS: MARKET SEGMENTATION29
FIGURE 2YEARS CONSIDERED30
1.5CURRENCY30
1.6UNIT CONSIDERED30
1.7STAKEHOLDERS30
1.8SUMMARY OF CHANGES31
2RESEARCH METHODOLOGY32
2.1RESEARCH DESIGN32
FIGURE 3PET & PBT RESINS MARKET: RESEARCH DESIGN32
2.1.1SECONDARY DATA33
2.1.1.1Key data from secondary sources33
2.1.2PRIMARY DATA33
2.1.2.1Key primary data sources34
2.1.2.2Key data from primary sources34
2.1.2.3Key industry insights35
2.1.2.4Breakdown of primary interviews35
2.2MARKET SIZE ESTIMATION36
2.2.1TOP-DOWN APPROACH36
FIGURE 4PET & PBT RESINS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH36
FIGURE 5PET & PBT RESINS MARKET: BY VALUE37
FIGURE 6PET & PBT RESINS MARKET SIZE ESTIMATION, BY REGION37
FIGURE 7PET RESIN MARKET, BY TYPE38
FIGURE 8PET RESIN MARKET SIZE ESTIMATION, BOTTOM-UP APPROACH,
BY APPLICATION38
FIGURE 9PBT RESIN MARKET SIZE ESTIMATION, BOTTOM-UP APPROACH,
BY APPLICATION38
FIGURE 10PET RESIN MARKET SIZE ESTIMATION: BY APPLICATION39
FIGURE 11PBT RESIN MARKET SIZE ESTIMATION: BY APPLICATION39
2.3MARKET FORECAST APPROACH40
2.3.1SUPPLY-SIDE FORECAST40
FIGURE 12METHODOLOGY FOR "SUPPLY-SIDE" SIZING OF PET & PBT RESINS MARKET40
2.3.2DEMAND-SIDE FORECAST40
FIGURE 13DEMAND-SIDE FORECAST OF PET & PBT RESINS MARKET40
2.4MARKET BREAKDOWN AND DATA TRIANGULATION41
FIGURE 14PET & PBT RESINS MARKET: DATA TRIANGULATION41
2.5FACTOR ANALYSIS42
FIGURE 15FACTOR ANALYSIS OF PET & PBT RESINS MARKET42
2.6ASSUMPTIONS42
2.7RISK ANALYSIS ASSESSMENT43
2.8LIMITATIONS43
3EXECUTIVE SUMMARY44
TABLE 3PET & PBT RESINS MARKET SNAPSHOT, 2021 VS. 202645
FIGURE 16ASIA PACIFIC PET RESIN MARKET TO REGISTER HIGHEST CAGR46
FIGURE 17ASIA PACIFIC PBT RESIN MARKET TO REGISTER HIGHEST CAGR46
FIGURE 18TRANSPARENT & NON-TRANSPARENT PET SEGMENT TO LEAD PET RESIN MARKET47
FIGURE 19BOTTLES SEGMENT TO DOMINATE PET RESIN MARKET47
FIGURE 20ELECTRICAL & ELECTRONICS SEGMENT TO DOMINATE PBT RESIN MARKET48
FIGURE 21ASIA PACIFIC IS LARGEST PET RESIN MARKET48
FIGURE 22ASIA PACIFIC IS LARGEST PBT RESIN MARKET49
4PREMIUM INSIGHTS50
4.1ATTRACTIVE OPPORTUNITIES IN PET & PBT RESINS MARKET50
FIGURE 23HIGH DEMAND FROM PET & PBT RESINS IN DIFFERENT APPLICATIONS TO DRIVE MARKET50
4.2ASIA PACIFIC PET & PBT RESINS MARKET, BY COUNTRY, 202051
FIGURE 24CHINA ACCOUNTED FOR LARGEST SHARES51
4.3PET RESIN MARKET: DEVELOPED VS. DEVELOPING COUNTRIES51
FIGURE 25PET RESIN: DEVELOPING MARKETS TO GROW FASTER THAN DEVELOPED MARKETS51
4.4PBT RESIN MARKET: DEVELOPED VS. DEVELOPING COUNTRIES52
FIGURE 26PBT RESIN: DEVELOPING MARKETS TO GROW FASTER THAN DEVELOPED MARKETS52
4.5PET RESIN MARKET, BY TYPE52
FIGURE 27TRANSPARENT & NON-TRANSPARENT PET IS LARGER SEGMENT OF MARKET52
4.6PET RESIN MARKET, BY APPLICATION53
FIGURE 28BOTTLES SEGMENT TO BE LARGEST APPLICATION53
4.7PBT RESIN MARKET, BY APPLICATION53
FIGURE 29ELECTRICAL & ELECTRONICS SEGMENT TO BE LARGEST APPLICATION53
4.8PET RESIN MARKET: KEY COUNTRIES54
FIGURE 30INDIA TO REGISTER HIGHEST CAGR IN PET RESIN MARKET54
4.9PBT RESIN MARKET: KEY COUNTRIES54
FIGURE 31INDIA TO REGISTER HIGHEST CAGR IN PBT RESIN MARKET54
5MARKET OVERVIEW55
5.1MARKET DYNAMICS55
FIGURE 32DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN
PET & PBT RESINS MARKET55
5.1.1DRIVERS56
5.1.1.1PET is a highly recyclable plastic resin56
5.1.1.2Increase in demand for PET in packaging sector56
5.1.1.3Technological advancements in PET packaging sector57
5.1.1.4Laws & regulations enforced by governments57
5.1.1.5Burgeoning demand for PBT in electrical & electronics industry58
5.1.1.6Increasing demand for manufacturing lightweight vehicles58
5.1.2RESTRAINTS58
5.1.2.1Fluctuations in raw material prices58
5.1.2.2Absence of required framework for plastic waste collection and segregation59
5.1.2.3Limited treatment plants and lack of expertise in recycling PET waste59
5.1.2.4Polytrimethylene terephthalate (PTT)—a valuable choice for new developments in engineering thermoplastics applications60
5.1.3OPPORTUNITIES60
5.1.3.1Increasing demand for sustainable packaging solutions60
5.1.4CHALLENGES60
5.1.4.1High costs of recycled plastics60
5.1.4.2Existence of alternate products with identical properties61
6INDUSTRY TRENDS62
6.1VALUE CHAIN OVERVIEW62
6.1.1VALUE CHAIN ANALYSIS62
6.1.1.1Manufacturing Process62
FIGURE 33VALUE CHAIN ANALYSIS: MAJOR VALUE-ADDED DURING MANUFACTURING PROCESS63
6.1.2DISRUPTION IN VALUE CHAIN DUE TO COVID–1963
6.2PET-ADDITIVE AND PBT-ADDITIVE MARKET OVERVIEW63
TABLE 4PET & PBT RESINS MARKET: KEY PLAYERS OF ADDITIVES64
TABLE 5PET-ADDITIVES & PBT-ADDITIVES MARKET SIZE, 202064
6.3PORTER'S FIVE FORCES ANALYSIS65
FIGURE 34PORTER'S FIVE FORCES ANALYSIS FOR PET & PBT RESINS MARKET65
TABLE 6PET & PBT RESINS MARKET: PORTER'S FIVE FORCES ANALYSIS65
6.3.1THREAT OF NEW ENTRANTS66
6.3.2THREAT OF SUBSTITUTES66
6.3.3BARGAINING POWER OF SUPPLIERS66
6.3.4BARGAINING POWER OF BUYERS66
6.3.5INTENSITY OF COMPETITIVE RIVALRY67
6.4MACROECONOMIC INDICATORS67
6.4.1INTRODUCTION67
6.4.2TRENDS AND FORECAST OF GDP67
TABLE 7TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE67
6.5COVID-19 IMPACT ANALYSIS68
6.5.1COVID-19 ECONOMIC ASSESSMENT69
FIGURE 35LATEST WORLD ECONOMIC OUTLOOK GROWTH PROJECTIONS70
6.5.2ECONOMIC IMPACT OF COVID-19 – SCENARIO ASSESSMENT70
FIGURE 36FACTORS IMPACTING ECONOMIES OF SELECT G20 COUNTRIES IN 202071
6.6PRICING ANALYSIS71
FIGURE 37AVERAGE PRICE COMPETITIVENESS IN PET RESIN MARKET,
BY REGION IN 202072
FIGURE 38AVERAGE PRICE COMPETITIVENESS IN PBT RESIN MARKET,
BY REGION IN 202072
6.6.1SUPPLY CHAIN CRISES SINCE PANDEMIC72
6.7RECYCLED PET ECOSYSTEM73
FIGURE 39RECYCLED PET ECOSYSTEM73
6.7.1REVENUE SHIFT FOR RPET PLAYERS74
6.8EXPORT-IMPORT TRADE STATISTICS74
TABLE 8EXPORTS DATA, BY VALUE (UNIT: US DOLLAR THOUSAND) FOR POLYETHYLENE TEREPHTHALATE (PET) RESIN (2016–2020)74
TABLE 9EXPORTS DATA, BY VOLUME (UNIT: TON) FOR POLYETHYLENE TEREPHTHALATE (PET) RESIN (2016–2020)77
TABLE 10IMPORTS DATA, BY VALUE (UNIT: US DOLLAR THOUSAND) FOR POLYETHYLENE TEREPHTHALATE (PET) RESIN (2016–2020)81
TABLE 11IMPORTS DATA, BY VOLUME (UNIT: TON) FOR POLYETHYLENE TEREPHTHALATE (PET) RESIN (2016–2020)86
6.9SUPPLY CHAIN ANALYSIS OF RECYCLED PET90
FIGURE 40SUPPLY CHAIN OF RECYCLED PET INDUSTRY90
6.9.1COLLECTING91
6.9.2SORTING91
6.9.3PROCESSING91
6.10TECHNOLOGY ANALYSIS91
6.11CASE STUDY ANALYSIS92
6.11.1COMPARISON BETWEEN VARIOUS RPET MANAGEMENT METHODS92
6.11.1.1Objective92
6.11.1.2Solution statement92
6.12REGULATORY ANALYSIS92
6.12.1GUIDANCE FOR INDUSTRY - USE OF RECYCLED PLASTICS IN FOOD PACKAGING92
6.12.2EUROPEAN STANDARDS93
6.12.3INDIAN STANDARDS93
6.13PATENT ANALYSIS93
6.13.1METHODOLOGY94
6.13.2PUBLICATION TRENDS94
FIGURE 41PUBLICATION TRENDS, 2016–202294
6.13.3INSIGHT94
6.13.4JURISDICTION ANALYSIS94
FIGURE 42JURISDICTION ANALYSIS OF REGISTERED PATENTS, 2016–202295
6.13.5TOP APPLICANTS95
7PET RESIN MARKET, BY TYPE96
7.1INTRODUCTION97
FIGURE 43TRANSPARENT & NON-TRANSPARENT PET SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE97
TABLE 12PET RESIN MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)97
TABLE 13PET RESIN MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)98
7.2TRANSPARENT & NON-TRANSPARENT PET98
7.2.1OPTIMUM USE OF TRANSPARENT PET TO DISPLAY PRODUCTS ON-SHELF VISUAL MERCHANDISING IN RETAIL98
TABLE 14TRANSPARENT & NON-TRANSPARENT PET RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)98
TABLE 15TRANSPARENT & NON-TRANSPARENT PET RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)99
7.3RECYCLED PET99
7.3.1RPET IS CREATED WHEN RECYCLING PET PLASTICS FOR REUSE AS PACKAGING MATERIALS99
TABLE 16RECYCLED PET RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)100
TABLE 17RECYCLED PET RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)100
8PET RESIN, BY APPLICATION101
8.1INTRODUCTION102
FIGURE 44BOTTLES SEGMENT TO REGISTER HIGHEST CAGR102
TABLE 18PET RESIN MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)103
TABLE 19PET RESIN MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)103
FIGURE 45PET RESIN: MANUFACTURING PROCESS103
8.2BOTTLES104
8.2.1INCREASING QUALITY OF READY-TO-DRINK BEVERAGES AND FLAVORED WATER CAN ENHANCE PET BOTTLE MARKET GROWTH104
TABLE 20BOTTLES: PET RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)104
TABLE 21BOTTLES: PET RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)104
8.3FILMS105
8.3.1PET FILM IS AN EXCELLENT CHOICE FOR MORE DEMANDING APPLICATIONS IN FOOD AND NON-FOOD-FILM APPLICATIONS105
TABLE 22FILMS: PET RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)105
TABLE 23FILMS: PET RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)105
8.4FOOD PACKAGING106
8.4.1POPULARITY OF PACKAGED FOOD & BEVERAGES ATTRIBUTED TO GROWTH OF FOOD PACKAGING IN PET RESIN MARKET106
TABLE 24FOOD PACKAGING: PET RESIN MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)106
TABLE 25FOOD PACKAGING: PET RESIN MARKET SIZE, BY REGION,
2019–2026 (KILOTON)107
8.5OTHERS107
TABLE 26OTHERS: PET RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)107
TABLE 27OTHERS: PET RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)108
9PBT RESIN MARKET, BY APPLICATION109
9.1INTRODUCTION110
FIGURE 46ELECTRICAL & ELECTRONICS SEGMENT TO REGISTER HIGHEST CAGR110
TABLE 28PBT RESIN MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)110
TABLE 29PBT RESIN MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)111
FIGURE 47PBT RESIN: MANUFACTURING PROCESS111
9.2ELECTRICAL & ELECTRONICS111
9.2.1PBT IS PREFERRED IN ELECTRICAL & ELECTRONICS APPLICATIONS111
TABLE 30ELECTRICAL & ELECTRONICS: PBT RESIN MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)112
TABLE 31ELECTRICAL & ELECTRONICS: PBT RESIN MARKET SIZE, BY REGION,
2019–2026 (KILOTON)112
9.3AUTOMOTIVE113
9.3.1AMPLE OPPORTUNITIES FOR PBT IN AUTOMOTIVE APPLICATIONS113
TABLE 32AUTOMOTIVE: PBT RESIN MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)113
TABLE 33AUTOMOTIVE: PBT RESIN MARKET SIZE, BY REGION,
2019–2026 (KILOTON)113
9.4CONSUMER APPLIANCE114
9.4.1PBT OFFERS EXCELLENT MOLDING PERFORMANCE AND HIGH HEAT ELECTRICAL RESISTANCE114
TABLE 34CONSUMER APPLIANCE: PBT RESIN MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)114
TABLE 35CONSUMER APPLIANCE: PBT RESIN MARKET SIZE, BY REGION,
2019–2026 (KILOTON)114
9.5OTHERS115
TABLE 36OTHERS: PBT RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)115
TABLE 37OTHERS: PBT RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)115
10PET & PBT RESINS MARKET, BY REGION116
10.1INTRODUCTION117
FIGURE 48PET RESIN MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD117
FIGURE 49PBT RESIN MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD118
TABLE 38PET RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)118
TABLE 39PET RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)118
TABLE 40PBT RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)119
TABLE 41PBT RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)119
10.2ASIA PACIFIC120
10.2.1IMPACT OF COVID-19 ON ASIA PACIFIC120
FIGURE 50ASIA PACIFIC: PET & PBT RESINS MARKET SNAPSHOT120
TABLE 42ASIA PACIFIC: PET RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)121
TABLE 43ASIA PACIFIC: PET RESIN MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)121
TABLE 44ASIA PACIFIC: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)122
TABLE 45ASIA PACIFIC: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)122
TABLE 46ASIA PACIFIC: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)123
TABLE 47ASIA PACIFIC: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)123
TABLE 48ASIA PACIFIC: PBT RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)123
TABLE 49ASIA PACIFIC: PBT RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)124
10.2.2CHINA124
10.2.2.1High demand for PET resin for bottles and PBT for electronics & electricals124
10.2.3INDIA125
10.2.3.1Rapidly growing automobile sector to drive market for PBT125
10.2.4SOUTH KOREA126
10.2.4.1Leading market for both, PET & PBT resins126
10.2.5JAPAN126
10.2.5.1Automotive industry drives demand for PBT126
10.2.6THAILAND126
10.2.6.1Economic growth and developments offer market opportunities126
10.2.7INDONESIA127
10.2.7.1Food packaging and bottles account for demand for PET127
10.2.8MALAYSIA127
10.2.8.1Slow growth rate due to economic crisis127
10.2.9REST OF ASIA PACIFIC127
10.3NORTH AMERICA127
10.3.1IMPACT OF COVID-19 ON NORTH AMERICA127
FIGURE 51NORTH AMERICA: PET & PBT RESINS MARKET SNAPSHOT128
TABLE 50NORTH AMERICA: PET RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)128
TABLE 51NORTH AMERICA: PET RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)129
TABLE 52NORTH AMERICA: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)129
TABLE 53NORTH AMERICA: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)129
TABLE 54NORTH AMERICA: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)130
TABLE 55NORTH AMERICA: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)130
TABLE 56NORTH AMERICA: PBT RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)130
TABLE 57NORTH AMERICA: PBT RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)130
10.3.2US131
10.3.2.1Increase in demand for PBT resin from automotive and electronics industries131
10.3.3CANADA131
10.3.3.1Automotive industry leads rise in demand for PBT131
10.3.4MEXICO132
10.3.4.1Rising demand for PBT from electrical & electronics
and automotive sectors132
10.4EUROPE132
10.4.1IMPACT OF COVID-19 ON EUROPE132
FIGURE 52EUROPE: PET & PBT RESINS MARKET SNAPSHOT133
TABLE 58EUROPE: PET RESIN MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)134
TABLE 59EUROPE: PET RESIN MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)134
TABLE 60EUROPE: PBT RESIN MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)134
TABLE 61EUROPE: PBT RESIN MARKET, BY COUNTRY, 2019–2026 (KILOTON)135
TABLE 62EUROPE: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)135
TABLE 63EUROPE: PET RESIN MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)135
TABLE 64EUROPE: PBT RESIN MARKET SIZE, BY APPLICATION
2019–2026 (USD MILLION)136
TABLE 65EUROPE: PBT RESIN MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)136
10.4.2GERMANY136
10.4.2.1Major automotive companies planning to expand production capacities136
10.4.3ITALY137
10.4.3.1High growth of online shopping industry expected to drive demand for PET137
10.4.4TURKEY137
10.4.4.1Automobile product expected to lead PBT resin market growth137
10.4.5FRANCE137
10.4.5.1PET resin market expected to grow due to demand from packaging industry137
10.4.6UK138
10.4.6.1Advanced technological infrastructure and increased
R&D investments attracting global companies138
10.4.7RUSSIA138
10.4.7.1Launch of 12 national projects providing significant growth opportunities for various industries138
10.4.8REST OF EUROPE139
10.5SOUTH AMERICA139
10.5.1IMPACT OF COVID-19 ON SOUTH AMERICA139
FIGURE 53SOUTH AMERICA: PET RESIN MARKET SNAPSHOT140
FIGURE 54SOUTH AMERICA: PBT RESIN MARKET SNAPSHOT140
TABLE 66SOUTH AMERICA: PET RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)141
TABLE 67SOUTH AMERICA: PET RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)141
TABLE 68SOUTH AMERICA: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)141
TABLE 69SOUTH AMERICA: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)141
TABLE 70SOUTH AMERICA: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)142
TABLE 71SOUTH AMERICA: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)142
TABLE 72SOUTH AMERICA: PBT RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)142
TABLE 73SOUTH AMERICA: PBT RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)143
10.5.2BRAZIL143
10.5.2.1Automotive industry offering high growth potential for
PBT manufacturers143
10.5.3REST OF SOUTH AMERICA144
10.6MIDDLE EAST & AFRICA144
10.6.1IMPACT OF COVID-19 ON MIDDLE EAST & AFRICA144
FIGURE 55MIDDLE EAST & AFRICA: PET RESIN MARKET SNAPSHOT145
FIGURE 56MIDDLE EAST & AFRICA: PBT RESIN MARKET SNAPSHOT145
TABLE 74MIDDLE EAST & AFRICA: PET RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)146
TABLE 75MIDDLE EAST & AFRICA: PET RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)146
TABLE 76MIDDLE EAST & AFRICA: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)146
TABLE 77MIDDLE EAST & AFRICA: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)146
TABLE 78MIDDLE EAST & AFRICA: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)147
TABLE 79MIDDLE EAST & AFRICA: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)147
TABLE 80MIDDLE EAST & AFRICA: PBT RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)148
TABLE 81MIDDLE EAST & AFRICA: PBT SIZE, BY APPLICATION, 2019–2026 (KILOTON)148
10.6.2SOUTH AFRICA148
10.6.2.1Low production costs and access to new markets favor market growth148
10.6.3SAUDI ARABIA149
10.6.3.1Rising demand for consumer goods expected to increase demand for PET resin in packaging industry149
10.6.4REST OF MIDDLE EAST & AFRICA149
11COMPETITIVE LANDSCAPE150
11.1OVERVIEW150
FIGURE 57COMPANIES ADOPTED NEW PRODUCT LAUNCH AS KEY GROWTH STRATEGIES BETWEEN 2017 AND 2022150
11.2MARKET SHARE ANALYSIS150
TABLE 82PET & PBT RESINS MARKET: DEGREE OF COMPETITION150
FIGURE 58PET & PBT RESINS MARKET: MARKET SHARE ANALYSIS FOR 2020151
11.2.1MARKET RANKING ANALYSIS151
FIGURE 59RANKING OF KEY PLAYERS151
11.3COMPANY REVENUE ANALYSIS153
FIGURE 60REVENUE ANALYSIS FOR KEY COMPANIES DURING PAST FIVE YEARS153
11.4COMPANY EVALUATION QUADRANT, 2020153
11.4.1STARS153
11.4.2EMERGING LEADERS153
11.4.3PERVASIVE154
11.4.4PARTICIPANTS154
FIGURE 61PET & PBT RESINS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020154
11.5SME MATRIX, 2020155
11.5.1PROGRESSIVE COMPANIES155
11.5.2DYNAMIC COMPANIES155
11.5.3STARTING BLOCKS155
11.5.4RESPONSIVE COMPANIES155
FIGURE 62PET & PBT RESINS MARKET: EMERGING COMPANIES'
COMPETITIVE LEADERSHIP MAPPING, 2020156
11.6STRENGTH OF PRODUCT PORTFOLIO157
FIGURE 63PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN
PET & PBT RESINS MARKET157
11.7BUSINESS STRATEGY EXCELLENCE158
FIGURE 64BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN
PET & PBT RESINS MARKET158
11.8COMPETITIVE SCENARIO159
11.8.1MARKET EVALUATION FRAMEWORK159
TABLE 83STRATEGIC DEVELOPMENTS, BY COMPANY159
TABLE 84MOST FOLLOWED STRATEGY159
TABLE 85GROWTH STRATEGIES ADOPTED BY KEY COMPANIES159
11.8.2MARKET EVALUATION MATRIX160
TABLE 86COMPANY PRODUCT FOOTPRINT160
TABLE 87COMPANY REGION FOOTPRINT160
TABLE 88COMPANY INDUSTRY FOOTPRINT160
11.9STRATEGIC DEVELOPMENTS161
TABLE 89NEW PRODUCT LAUNCH, 2017–2022161
TABLE 90DEALS, 2017–2022161
TABLE 91OTHERS, 2017–2022162
12COMPANY PROFILES163
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1KEY PLAYERS163
12.1.1INDORAMA VENTURES LIMITED163
TABLE 92INDORAMA VENTURES LIMITED: COMPANY OVERVIEW163
FIGURE 65INDORAMA VENTURES LIMITED: COMPANY SNAPSHOT164
12.1.2ALPEK166
TABLE 93ALPEK: COMPANY OVERVIEW166
FIGURE 66ALPEK: COMPANY SNAPSHOT166
12.1.3SABIC168
TABLE 94SABIC: COMPANY OVERVIEW168
FIGURE 67SABIC: COMPANY SNAPSHOT169
TABLE 95SABIC: NEW PRODUCT LAUNCHES170
TABLE 96SABIC: DEALS171
12.1.4BASF172
TABLE 97BASF: COMPANY OVERVIEW172
FIGURE 68BASF: COMPANY SNAPSHOT173
TABLE 98BASF: NEW PRODUCT LAUNCHES174
TABLE 99BASF: OTHER DEVELOPMENTS174
12.1.5LOTTE CHEMICAL176
TABLE 100LOTTE CHEMICAL: COMPANY OVERVIEW176
FIGURE 69LOTTE CHEMICAL: COMPANY SNAPSHOT176
12.1.6MITSUBISHI CHEMICAL CORPORATION178
TABLE 101MITSUBISHI CHEMICAL CORPORATION: COMPANY OVERVIEW178
12.1.7JIANGSU SANFANGXIANG GROUP CO., LTD.180
TABLE 102JIANGSU SANFANGXIANG GROUP CO., LTD: COMPANY OVERVIEW180
12.1.8FAR EASTERN NEW CENTURY182
TABLE 103FAR EASTERN NEW CENTURY (FENC): COMPANY OVERVIEW182
12.1.9NAN YA PLASTICS CORP.183
TABLE 104NAN YA PLASTICS CORP.: COMPANY OVERVIEW183
12.1.10OCTAL185
TABLE 105OCTAL: COMPANY OVERVIEW185
12.2OTHER PLAYERS186
12.2.1RELIANCE INDUSTRIES186
TABLE 106RELIANCE: COMPANY OVERVIEW186
12.2.2MITSUI CHEMICAL187
TABLE 107MITSUI CHEMICAL: COMPANY OVERVIEW187
12.2.3DUPONT188
TABLE 108DUPONT: COMPANY OVERVIEW188
12.2.4TORAY INDUSTRIES INC.189
TABLE 109TORAY INDUSTRIES INC.: COMPANY OVERVIEW189
12.2.5EVONIK INDUSTRIES190
TABLE 110EVONIK INDUSTRIES: COMPANY OVERVIEW190
12.2.6EASTMAN191
TABLE 111EASTMAN: COMPANY OVERVIEW191
12.2.7SINOPEC CHEMICAL COMMERCIAL HOLDING COMPANY LIMITED193
TABLE 112SINOPEC: COMPANY OVERVIEW193
12.2.8JBF INDUSTRIES194
TABLE 113JBF.: COMPANY OVERVIEW194
12.2.9LA SEDA DE BARCELONA194
TABLE 114LA SEDA DE BARCELONA: COMPANY OVERVIEW194
12.2.10CHANG CHUN GROUP195
TABLE 115CHANG CHUN GROUP: COMPANY OVERVIEW195
12.2.11LANXESS195
TABLE 116LANXESS: COMPANY OVERVIEW195
12.2.12DSM196
TABLE 117DSM: COMPANY OVERVIEW196
12.2.13CELANESE196
TABLE 118CELANESE: COMPANY OVERVIEW196
12.2.14SHINKONG SYNTHETIC FIBERS CORPORATION197
TABLE 119SHINKONG SYNTHETIC FIBERS CORPORATION: COMPANY OVERVIEW197
12.2.15CLARIANT AG197
TABLE 120CLARIANT AG: COMPANY OVERVIEW197
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13ADJACENT & RELATED MARKETS198
13.1INTRODUCTION198
13.1.1LIMITATIONS198
13.2PET PACKAGING MARKET198
13.2.1MARKET DEFINITION198
13.2.2MARKET OVERVIEW199
13.2.3PET PACKAGING MARKET, BY FORM199
TABLE 121PET PACKAGING MARKET SIZE, BY FORM, 2014–2021 (USD MILLION)199
TABLE 122PET PACKAGING MARKET SIZE, BY FORM, 2014–2021 (KILOTON)200
13.2.3.1AMORPHOUS PET200
13.2.3.2CRYSTALLINE PET200
13.2.4PET PACKAGING MARKET, BY PACKAGING TYPE200
TABLE 123PET PACKAGING MARKET SIZE, BY PACKAGING TYPE,
2014–2021 (USD MILLION)201
TABLE 124PET PACKAGING MARKET SIZE, BY PACKAGING TYPE,
2014–2021 (KILOTONS)201
13.2.4.1Rigid packaging201
TABLE 125RIGID PET PACKAGING MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION)201
TABLE 126RIGID PET PACKAGING MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (KILOTONS)202
13.2.4.2Flexible packaging202
TABLE 127FLEXIBLE PET PACKAGING MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION)202
TABLE 128FLEXIBLE PET PACKAGING MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (KILOTONS)203
13.2.5PET PACKAGING MARKET, BY PACK TYPE203
TABLE 129PET PACKAGING MARKET SIZE, BY PACK TYPE, 2014–2021 (USD MILLION)203
TABLE 130PET PACKAGING MARKET SIZE, BY PACK TYPE, 2014–2021 (KILOTON)204
13.2.5.1Bottles & jars204
13.2.5.2Bags & pouches205
13.2.5.3Trays205
TABLE 131BENEFITS OF PET TRAYS205
13.2.5.4Lids/Caps & closures205
13.2.5.5Others206
13.2.6PET PACKAGING MARKET, BY END-USE INDUSTRY206
TABLE 132PET PACKAGING MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION)207
TABLE 133PET PACKAGING MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (KILOTON)207
13.2.6.1Food207
TABLE 134PET PACKAGING MARKET SIZE, BY PACK TYPE, 2014–2021 (USD MILLION)208
TABLE 135PET PACKAGING MARKET SIZE, BY PACK TYPE, 2014–2021 (KILOTON)209
13.2.6.2Beverage209
TABLE 136PET PACKAGING MARKET SIZE FOR BEVERAGES, BY PACK TYPE,
2014–2021 (USD MILLION)209
TABLE 137PET PACKAGING MARKET SIZE FOR BEVERAGES, BY PACK TYPE,
2014–2021 (KILOTON)210
13.2.6.3Personal care & cosmetics210
TABLE 138PET PACKAGING MARKET SIZE FOR PERSONAL CARE & COSMETICS, BY PACK TYPE, 2014–2021 (USD MILLION)210
TABLE 139PET PACKAGING MARKET SIZE FOR PERSONAL CARE & COSMETICS, BY PACK TYPE, 2014–2021 (KILOTON)211
13.2.6.4Household products211
TABLE 140PET PACKAGING MARKET SIZE FOR HOUSEHOLD PRODUCTS, BY PACK TYPE, 2014–2021 (USD MILLION)211
TABLE 141PET PACKAGING MARKET SIZE FOR HOUSEHOLD PRODUCTS, BY PACK TYPE, 2014–2021 (KILOTON)212
13.2.6.5Pharmaceuticals212
TABLE 142ADVANTAGES OF PET IN PHARMACEUTICAL PACKAGING:212
TABLE 143PET PACKAGING MARKET SIZE FOR PHARMACEUTICALS, BY PACK TYPE, 2014–2021 (USD MILLION)213
TABLE 144PET PACKAGING MARKET SIZE FOR PHARMACEUTICALS, BY PACK TYPE, 2014–2021 (KILOTON)213
13.2.6.6Others213
TABLE 145PET PACKAGING MARKET SIZE FOR OTHER END-USE INDUSTRIES,
BY PACK TYPE, 2014–2021 (USD MILLION)214
TABLE 146PET PACKAGING MARKET SIZE FOR OTHER END-USE INDUSTRIES,
BY PACK TYPE, 2014–2021 (KILOTONS)214
13.2.7PET PACKAGING MARKET, BY FILLING TECHNOLOGY214
TABLE 147PET PACKAGING MARKET SIZE, BY FILLING TECHNOLOGY,
2014–2021 (USD MILLION)215
TABLE 148PET PACKAGING MARKET SIZE, BY FILLING TECHNOLOGY,
2014–2021 (KILOTON)215
13.2.7.1Hot fill215
13.2.7.1.1Stepwise procedure of hot filling process216
FIGURE 70HOT FILLING PROCESS216
13.2.7.2Cold fill216
TABLE 149COLD FILL TECHNOLOGIES217
13.2.7.3Aseptic fill217
FIGURE 71ASEPTIC FILLING PROCESS218
13.2.7.4Others219
13.2.8PET PACKAGING MARKET, BY REGION219
13.2.8.1North America219
13.2.8.2Europe220
13.2.8.3Asia Pacific220
13.2.8.4Rest of the World (RoW)220
14APPENDIX221
14.1DISCUSSION GUIDE221
14.2KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL224
14.3AVAILABLE CUSTOMIZATIONS226
14.4RELATED REPORTS226
14.5AUTHOR DETAILS227
This advantage of being reusable helps the manufacturers to have a cost advantage. Recycling PET increases the consumption of PET bottles and supports the demand for PET resin. In contrast, volatility in raw material prices, such as crude oil, affects the price of ethylene glycol and terephthalic acid, influencing the price of PET resin. The increasing demand will burden the industry over the next few years.
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. On the other hand, reducing halogen content in flame-retardant PBT is a key challenge because substituting a non-brominated, non-chlorinated FR chemistry usually degrades its mechanical performance. Due to strict environmental regulations, brominated flame retardants are not acceptable in Korea and China.
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.
In contrast, developed markets such as the US, Germany, Japan, and the UK are expected to grow at slow rates during the forecast period. The demand for PBT in electronic components and assembly is expected to continue to create new growth opportunities for the market. The increased use of PBT resin in the electrical & electronics segment continues to drive the PBT resin market
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. The Asia Pacific is the highest populated region and also has the highest number of emerging countries which account for the major market growth as emerging countries focus on industrialization.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in PET & PBT resins market, and information was gathered from secondary research to determine and verify the market size of several segments and subsegments.
•By Company Type: Tier 1 – 45%, Tier 2 – 35%, and Tier 3 – 20%
•By Designation: C Level – 35%, D Level – 25%, and Others – 40%
•By Region: Asia Pacific – 40%, Europe – 25%, North America – 20%, Middle East & Africa – 8% and the South America- 7%
The key companies profiled in this report are the 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), and Mitsui Chemicals (Japan).
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. Based on the region, the market has been segmented into the Asia Pacific, Europe, North America, South America, and the Middle East & Africa.
Key Benefits of Buying the Report
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.
1INTRODUCTION27
1.1STUDY OBJECTIVES27
1.2MARKET DEFINITION27
1.3INCLUSIONS & EXCLUSIONS28
TABLE 1PET RESIN MARKET, BY APPLICATION28
TABLE 2PBT RESIN MARKET, BY APPLICATION28
1.4MARKET SCOPE29
FIGURE 1PET & PBT RESINS: MARKET SEGMENTATION29
FIGURE 2YEARS CONSIDERED30
1.5CURRENCY30
1.6UNIT CONSIDERED30
1.7STAKEHOLDERS30
1.8SUMMARY OF CHANGES31
2RESEARCH METHODOLOGY32
2.1RESEARCH DESIGN32
FIGURE 3PET & PBT RESINS MARKET: RESEARCH DESIGN32
2.1.1SECONDARY DATA33
2.1.1.1Key data from secondary sources33
2.1.2PRIMARY DATA33
2.1.2.1Key primary data sources34
2.1.2.2Key data from primary sources34
2.1.2.3Key industry insights35
2.1.2.4Breakdown of primary interviews35
2.2MARKET SIZE ESTIMATION36
2.2.1TOP-DOWN APPROACH36
FIGURE 4PET & PBT RESINS MARKET SIZE ESTIMATION: TOP-DOWN APPROACH36
FIGURE 5PET & PBT RESINS MARKET: BY VALUE37
FIGURE 6PET & PBT RESINS MARKET SIZE ESTIMATION, BY REGION37
FIGURE 7PET RESIN MARKET, BY TYPE38
FIGURE 8PET RESIN MARKET SIZE ESTIMATION, BOTTOM-UP APPROACH,
BY APPLICATION38
FIGURE 9PBT RESIN MARKET SIZE ESTIMATION, BOTTOM-UP APPROACH,
BY APPLICATION38
FIGURE 10PET RESIN MARKET SIZE ESTIMATION: BY APPLICATION39
FIGURE 11PBT RESIN MARKET SIZE ESTIMATION: BY APPLICATION39
2.3MARKET FORECAST APPROACH40
2.3.1SUPPLY-SIDE FORECAST40
FIGURE 12METHODOLOGY FOR "SUPPLY-SIDE" SIZING OF PET & PBT RESINS MARKET40
2.3.2DEMAND-SIDE FORECAST40
FIGURE 13DEMAND-SIDE FORECAST OF PET & PBT RESINS MARKET40
2.4MARKET BREAKDOWN AND DATA TRIANGULATION41
FIGURE 14PET & PBT RESINS MARKET: DATA TRIANGULATION41
2.5FACTOR ANALYSIS42
FIGURE 15FACTOR ANALYSIS OF PET & PBT RESINS MARKET42
2.6ASSUMPTIONS42
2.7RISK ANALYSIS ASSESSMENT43
2.8LIMITATIONS43
3EXECUTIVE SUMMARY44
TABLE 3PET & PBT RESINS MARKET SNAPSHOT, 2021 VS. 202645
FIGURE 16ASIA PACIFIC PET RESIN MARKET TO REGISTER HIGHEST CAGR46
FIGURE 17ASIA PACIFIC PBT RESIN MARKET TO REGISTER HIGHEST CAGR46
FIGURE 18TRANSPARENT & NON-TRANSPARENT PET SEGMENT TO LEAD PET RESIN MARKET47
FIGURE 19BOTTLES SEGMENT TO DOMINATE PET RESIN MARKET47
FIGURE 20ELECTRICAL & ELECTRONICS SEGMENT TO DOMINATE PBT RESIN MARKET48
FIGURE 21ASIA PACIFIC IS LARGEST PET RESIN MARKET48
FIGURE 22ASIA PACIFIC IS LARGEST PBT RESIN MARKET49
4PREMIUM INSIGHTS50
4.1ATTRACTIVE OPPORTUNITIES IN PET & PBT RESINS MARKET50
FIGURE 23HIGH DEMAND FROM PET & PBT RESINS IN DIFFERENT APPLICATIONS TO DRIVE MARKET50
4.2ASIA PACIFIC PET & PBT RESINS MARKET, BY COUNTRY, 202051
FIGURE 24CHINA ACCOUNTED FOR LARGEST SHARES51
4.3PET RESIN MARKET: DEVELOPED VS. DEVELOPING COUNTRIES51
FIGURE 25PET RESIN: DEVELOPING MARKETS TO GROW FASTER THAN DEVELOPED MARKETS51
4.4PBT RESIN MARKET: DEVELOPED VS. DEVELOPING COUNTRIES52
FIGURE 26PBT RESIN: DEVELOPING MARKETS TO GROW FASTER THAN DEVELOPED MARKETS52
4.5PET RESIN MARKET, BY TYPE52
FIGURE 27TRANSPARENT & NON-TRANSPARENT PET IS LARGER SEGMENT OF MARKET52
4.6PET RESIN MARKET, BY APPLICATION53
FIGURE 28BOTTLES SEGMENT TO BE LARGEST APPLICATION53
4.7PBT RESIN MARKET, BY APPLICATION53
FIGURE 29ELECTRICAL & ELECTRONICS SEGMENT TO BE LARGEST APPLICATION53
4.8PET RESIN MARKET: KEY COUNTRIES54
FIGURE 30INDIA TO REGISTER HIGHEST CAGR IN PET RESIN MARKET54
4.9PBT RESIN MARKET: KEY COUNTRIES54
FIGURE 31INDIA TO REGISTER HIGHEST CAGR IN PBT RESIN MARKET54
5MARKET OVERVIEW55
5.1MARKET DYNAMICS55
FIGURE 32DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN
PET & PBT RESINS MARKET55
5.1.1DRIVERS56
5.1.1.1PET is a highly recyclable plastic resin56
5.1.1.2Increase in demand for PET in packaging sector56
5.1.1.3Technological advancements in PET packaging sector57
5.1.1.4Laws & regulations enforced by governments57
5.1.1.5Burgeoning demand for PBT in electrical & electronics industry58
5.1.1.6Increasing demand for manufacturing lightweight vehicles58
5.1.2RESTRAINTS58
5.1.2.1Fluctuations in raw material prices58
5.1.2.2Absence of required framework for plastic waste collection and segregation59
5.1.2.3Limited treatment plants and lack of expertise in recycling PET waste59
5.1.2.4Polytrimethylene terephthalate (PTT)—a valuable choice for new developments in engineering thermoplastics applications60
5.1.3OPPORTUNITIES60
5.1.3.1Increasing demand for sustainable packaging solutions60
5.1.4CHALLENGES60
5.1.4.1High costs of recycled plastics60
5.1.4.2Existence of alternate products with identical properties61
6INDUSTRY TRENDS62
6.1VALUE CHAIN OVERVIEW62
6.1.1VALUE CHAIN ANALYSIS62
6.1.1.1Manufacturing Process62
FIGURE 33VALUE CHAIN ANALYSIS: MAJOR VALUE-ADDED DURING MANUFACTURING PROCESS63
6.1.2DISRUPTION IN VALUE CHAIN DUE TO COVID–1963
6.2PET-ADDITIVE AND PBT-ADDITIVE MARKET OVERVIEW63
TABLE 4PET & PBT RESINS MARKET: KEY PLAYERS OF ADDITIVES64
TABLE 5PET-ADDITIVES & PBT-ADDITIVES MARKET SIZE, 202064
6.3PORTER'S FIVE FORCES ANALYSIS65
FIGURE 34PORTER'S FIVE FORCES ANALYSIS FOR PET & PBT RESINS MARKET65
TABLE 6PET & PBT RESINS MARKET: PORTER'S FIVE FORCES ANALYSIS65
6.3.1THREAT OF NEW ENTRANTS66
6.3.2THREAT OF SUBSTITUTES66
6.3.3BARGAINING POWER OF SUPPLIERS66
6.3.4BARGAINING POWER OF BUYERS66
6.3.5INTENSITY OF COMPETITIVE RIVALRY67
6.4MACROECONOMIC INDICATORS67
6.4.1INTRODUCTION67
6.4.2TRENDS AND FORECAST OF GDP67
TABLE 7TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE67
6.5COVID-19 IMPACT ANALYSIS68
6.5.1COVID-19 ECONOMIC ASSESSMENT69
FIGURE 35LATEST WORLD ECONOMIC OUTLOOK GROWTH PROJECTIONS70
6.5.2ECONOMIC IMPACT OF COVID-19 – SCENARIO ASSESSMENT70
FIGURE 36FACTORS IMPACTING ECONOMIES OF SELECT G20 COUNTRIES IN 202071
6.6PRICING ANALYSIS71
FIGURE 37AVERAGE PRICE COMPETITIVENESS IN PET RESIN MARKET,
BY REGION IN 202072
FIGURE 38AVERAGE PRICE COMPETITIVENESS IN PBT RESIN MARKET,
BY REGION IN 202072
6.6.1SUPPLY CHAIN CRISES SINCE PANDEMIC72
6.7RECYCLED PET ECOSYSTEM73
FIGURE 39RECYCLED PET ECOSYSTEM73
6.7.1REVENUE SHIFT FOR RPET PLAYERS74
6.8EXPORT-IMPORT TRADE STATISTICS74
TABLE 8EXPORTS DATA, BY VALUE (UNIT: US DOLLAR THOUSAND) FOR POLYETHYLENE TEREPHTHALATE (PET) RESIN (2016–2020)74
TABLE 9EXPORTS DATA, BY VOLUME (UNIT: TON) FOR POLYETHYLENE TEREPHTHALATE (PET) RESIN (2016–2020)77
TABLE 10IMPORTS DATA, BY VALUE (UNIT: US DOLLAR THOUSAND) FOR POLYETHYLENE TEREPHTHALATE (PET) RESIN (2016–2020)81
TABLE 11IMPORTS DATA, BY VOLUME (UNIT: TON) FOR POLYETHYLENE TEREPHTHALATE (PET) RESIN (2016–2020)86
6.9SUPPLY CHAIN ANALYSIS OF RECYCLED PET90
FIGURE 40SUPPLY CHAIN OF RECYCLED PET INDUSTRY90
6.9.1COLLECTING91
6.9.2SORTING91
6.9.3PROCESSING91
6.10TECHNOLOGY ANALYSIS91
6.11CASE STUDY ANALYSIS92
6.11.1COMPARISON BETWEEN VARIOUS RPET MANAGEMENT METHODS92
6.11.1.1Objective92
6.11.1.2Solution statement92
6.12REGULATORY ANALYSIS92
6.12.1GUIDANCE FOR INDUSTRY - USE OF RECYCLED PLASTICS IN FOOD PACKAGING92
6.12.2EUROPEAN STANDARDS93
6.12.3INDIAN STANDARDS93
6.13PATENT ANALYSIS93
6.13.1METHODOLOGY94
6.13.2PUBLICATION TRENDS94
FIGURE 41PUBLICATION TRENDS, 2016–202294
6.13.3INSIGHT94
6.13.4JURISDICTION ANALYSIS94
FIGURE 42JURISDICTION ANALYSIS OF REGISTERED PATENTS, 2016–202295
6.13.5TOP APPLICANTS95
7PET RESIN MARKET, BY TYPE96
7.1INTRODUCTION97
FIGURE 43TRANSPARENT & NON-TRANSPARENT PET SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE97
TABLE 12PET RESIN MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)97
TABLE 13PET RESIN MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)98
7.2TRANSPARENT & NON-TRANSPARENT PET98
7.2.1OPTIMUM USE OF TRANSPARENT PET TO DISPLAY PRODUCTS ON-SHELF VISUAL MERCHANDISING IN RETAIL98
TABLE 14TRANSPARENT & NON-TRANSPARENT PET RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)98
TABLE 15TRANSPARENT & NON-TRANSPARENT PET RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)99
7.3RECYCLED PET99
7.3.1RPET IS CREATED WHEN RECYCLING PET PLASTICS FOR REUSE AS PACKAGING MATERIALS99
TABLE 16RECYCLED PET RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)100
TABLE 17RECYCLED PET RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)100
8PET RESIN, BY APPLICATION101
8.1INTRODUCTION102
FIGURE 44BOTTLES SEGMENT TO REGISTER HIGHEST CAGR102
TABLE 18PET RESIN MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)103
TABLE 19PET RESIN MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)103
FIGURE 45PET RESIN: MANUFACTURING PROCESS103
8.2BOTTLES104
8.2.1INCREASING QUALITY OF READY-TO-DRINK BEVERAGES AND FLAVORED WATER CAN ENHANCE PET BOTTLE MARKET GROWTH104
TABLE 20BOTTLES: PET RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)104
TABLE 21BOTTLES: PET RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)104
8.3FILMS105
8.3.1PET FILM IS AN EXCELLENT CHOICE FOR MORE DEMANDING APPLICATIONS IN FOOD AND NON-FOOD-FILM APPLICATIONS105
TABLE 22FILMS: PET RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)105
TABLE 23FILMS: PET RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)105
8.4FOOD PACKAGING106
8.4.1POPULARITY OF PACKAGED FOOD & BEVERAGES ATTRIBUTED TO GROWTH OF FOOD PACKAGING IN PET RESIN MARKET106
TABLE 24FOOD PACKAGING: PET RESIN MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)106
TABLE 25FOOD PACKAGING: PET RESIN MARKET SIZE, BY REGION,
2019–2026 (KILOTON)107
8.5OTHERS107
TABLE 26OTHERS: PET RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)107
TABLE 27OTHERS: PET RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)108
9PBT RESIN MARKET, BY APPLICATION109
9.1INTRODUCTION110
FIGURE 46ELECTRICAL & ELECTRONICS SEGMENT TO REGISTER HIGHEST CAGR110
TABLE 28PBT RESIN MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)110
TABLE 29PBT RESIN MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)111
FIGURE 47PBT RESIN: MANUFACTURING PROCESS111
9.2ELECTRICAL & ELECTRONICS111
9.2.1PBT IS PREFERRED IN ELECTRICAL & ELECTRONICS APPLICATIONS111
TABLE 30ELECTRICAL & ELECTRONICS: PBT RESIN MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)112
TABLE 31ELECTRICAL & ELECTRONICS: PBT RESIN MARKET SIZE, BY REGION,
2019–2026 (KILOTON)112
9.3AUTOMOTIVE113
9.3.1AMPLE OPPORTUNITIES FOR PBT IN AUTOMOTIVE APPLICATIONS113
TABLE 32AUTOMOTIVE: PBT RESIN MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)113
TABLE 33AUTOMOTIVE: PBT RESIN MARKET SIZE, BY REGION,
2019–2026 (KILOTON)113
9.4CONSUMER APPLIANCE114
9.4.1PBT OFFERS EXCELLENT MOLDING PERFORMANCE AND HIGH HEAT ELECTRICAL RESISTANCE114
TABLE 34CONSUMER APPLIANCE: PBT RESIN MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)114
TABLE 35CONSUMER APPLIANCE: PBT RESIN MARKET SIZE, BY REGION,
2019–2026 (KILOTON)114
9.5OTHERS115
TABLE 36OTHERS: PBT RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)115
TABLE 37OTHERS: PBT RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)115
10PET & PBT RESINS MARKET, BY REGION116
10.1INTRODUCTION117
FIGURE 48PET RESIN MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD117
FIGURE 49PBT RESIN MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD118
TABLE 38PET RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)118
TABLE 39PET RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)118
TABLE 40PBT RESIN MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)119
TABLE 41PBT RESIN MARKET SIZE, BY REGION, 2019–2026 (KILOTON)119
10.2ASIA PACIFIC120
10.2.1IMPACT OF COVID-19 ON ASIA PACIFIC120
FIGURE 50ASIA PACIFIC: PET & PBT RESINS MARKET SNAPSHOT120
TABLE 42ASIA PACIFIC: PET RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)121
TABLE 43ASIA PACIFIC: PET RESIN MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)121
TABLE 44ASIA PACIFIC: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)122
TABLE 45ASIA PACIFIC: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)122
TABLE 46ASIA PACIFIC: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)123
TABLE 47ASIA PACIFIC: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)123
TABLE 48ASIA PACIFIC: PBT RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)123
TABLE 49ASIA PACIFIC: PBT RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)124
10.2.2CHINA124
10.2.2.1High demand for PET resin for bottles and PBT for electronics & electricals124
10.2.3INDIA125
10.2.3.1Rapidly growing automobile sector to drive market for PBT125
10.2.4SOUTH KOREA126
10.2.4.1Leading market for both, PET & PBT resins126
10.2.5JAPAN126
10.2.5.1Automotive industry drives demand for PBT126
10.2.6THAILAND126
10.2.6.1Economic growth and developments offer market opportunities126
10.2.7INDONESIA127
10.2.7.1Food packaging and bottles account for demand for PET127
10.2.8MALAYSIA127
10.2.8.1Slow growth rate due to economic crisis127
10.2.9REST OF ASIA PACIFIC127
10.3NORTH AMERICA127
10.3.1IMPACT OF COVID-19 ON NORTH AMERICA127
FIGURE 51NORTH AMERICA: PET & PBT RESINS MARKET SNAPSHOT128
TABLE 50NORTH AMERICA: PET RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)128
TABLE 51NORTH AMERICA: PET RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)129
TABLE 52NORTH AMERICA: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)129
TABLE 53NORTH AMERICA: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)129
TABLE 54NORTH AMERICA: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)130
TABLE 55NORTH AMERICA: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)130
TABLE 56NORTH AMERICA: PBT RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)130
TABLE 57NORTH AMERICA: PBT RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)130
10.3.2US131
10.3.2.1Increase in demand for PBT resin from automotive and electronics industries131
10.3.3CANADA131
10.3.3.1Automotive industry leads rise in demand for PBT131
10.3.4MEXICO132
10.3.4.1Rising demand for PBT from electrical & electronics
and automotive sectors132
10.4EUROPE132
10.4.1IMPACT OF COVID-19 ON EUROPE132
FIGURE 52EUROPE: PET & PBT RESINS MARKET SNAPSHOT133
TABLE 58EUROPE: PET RESIN MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)134
TABLE 59EUROPE: PET RESIN MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)134
TABLE 60EUROPE: PBT RESIN MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)134
TABLE 61EUROPE: PBT RESIN MARKET, BY COUNTRY, 2019–2026 (KILOTON)135
TABLE 62EUROPE: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)135
TABLE 63EUROPE: PET RESIN MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)135
TABLE 64EUROPE: PBT RESIN MARKET SIZE, BY APPLICATION
2019–2026 (USD MILLION)136
TABLE 65EUROPE: PBT RESIN MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)136
10.4.2GERMANY136
10.4.2.1Major automotive companies planning to expand production capacities136
10.4.3ITALY137
10.4.3.1High growth of online shopping industry expected to drive demand for PET137
10.4.4TURKEY137
10.4.4.1Automobile product expected to lead PBT resin market growth137
10.4.5FRANCE137
10.4.5.1PET resin market expected to grow due to demand from packaging industry137
10.4.6UK138
10.4.6.1Advanced technological infrastructure and increased
R&D investments attracting global companies138
10.4.7RUSSIA138
10.4.7.1Launch of 12 national projects providing significant growth opportunities for various industries138
10.4.8REST OF EUROPE139
10.5SOUTH AMERICA139
10.5.1IMPACT OF COVID-19 ON SOUTH AMERICA139
FIGURE 53SOUTH AMERICA: PET RESIN MARKET SNAPSHOT140
FIGURE 54SOUTH AMERICA: PBT RESIN MARKET SNAPSHOT140
TABLE 66SOUTH AMERICA: PET RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)141
TABLE 67SOUTH AMERICA: PET RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)141
TABLE 68SOUTH AMERICA: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)141
TABLE 69SOUTH AMERICA: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)141
TABLE 70SOUTH AMERICA: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)142
TABLE 71SOUTH AMERICA: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)142
TABLE 72SOUTH AMERICA: PBT RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)142
TABLE 73SOUTH AMERICA: PBT RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)143
10.5.2BRAZIL143
10.5.2.1Automotive industry offering high growth potential for
PBT manufacturers143
10.5.3REST OF SOUTH AMERICA144
10.6MIDDLE EAST & AFRICA144
10.6.1IMPACT OF COVID-19 ON MIDDLE EAST & AFRICA144
FIGURE 55MIDDLE EAST & AFRICA: PET RESIN MARKET SNAPSHOT145
FIGURE 56MIDDLE EAST & AFRICA: PBT RESIN MARKET SNAPSHOT145
TABLE 74MIDDLE EAST & AFRICA: PET RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)146
TABLE 75MIDDLE EAST & AFRICA: PET RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)146
TABLE 76MIDDLE EAST & AFRICA: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)146
TABLE 77MIDDLE EAST & AFRICA: PBT RESIN MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)146
TABLE 78MIDDLE EAST & AFRICA: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)147
TABLE 79MIDDLE EAST & AFRICA: PET RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)147
TABLE 80MIDDLE EAST & AFRICA: PBT RESIN MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)148
TABLE 81MIDDLE EAST & AFRICA: PBT SIZE, BY APPLICATION, 2019–2026 (KILOTON)148
10.6.2SOUTH AFRICA148
10.6.2.1Low production costs and access to new markets favor market growth148
10.6.3SAUDI ARABIA149
10.6.3.1Rising demand for consumer goods expected to increase demand for PET resin in packaging industry149
10.6.4REST OF MIDDLE EAST & AFRICA149
11COMPETITIVE LANDSCAPE150
11.1OVERVIEW150
FIGURE 57COMPANIES ADOPTED NEW PRODUCT LAUNCH AS KEY GROWTH STRATEGIES BETWEEN 2017 AND 2022150
11.2MARKET SHARE ANALYSIS150
TABLE 82PET & PBT RESINS MARKET: DEGREE OF COMPETITION150
FIGURE 58PET & PBT RESINS MARKET: MARKET SHARE ANALYSIS FOR 2020151
11.2.1MARKET RANKING ANALYSIS151
FIGURE 59RANKING OF KEY PLAYERS151
11.3COMPANY REVENUE ANALYSIS153
FIGURE 60REVENUE ANALYSIS FOR KEY COMPANIES DURING PAST FIVE YEARS153
11.4COMPANY EVALUATION QUADRANT, 2020153
11.4.1STARS153
11.4.2EMERGING LEADERS153
11.4.3PERVASIVE154
11.4.4PARTICIPANTS154
FIGURE 61PET & PBT RESINS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020154
11.5SME MATRIX, 2020155
11.5.1PROGRESSIVE COMPANIES155
11.5.2DYNAMIC COMPANIES155
11.5.3STARTING BLOCKS155
11.5.4RESPONSIVE COMPANIES155
FIGURE 62PET & PBT RESINS MARKET: EMERGING COMPANIES'
COMPETITIVE LEADERSHIP MAPPING, 2020156
11.6STRENGTH OF PRODUCT PORTFOLIO157
FIGURE 63PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN
PET & PBT RESINS MARKET157
11.7BUSINESS STRATEGY EXCELLENCE158
FIGURE 64BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN
PET & PBT RESINS MARKET158
11.8COMPETITIVE SCENARIO159
11.8.1MARKET EVALUATION FRAMEWORK159
TABLE 83STRATEGIC DEVELOPMENTS, BY COMPANY159
TABLE 84MOST FOLLOWED STRATEGY159
TABLE 85GROWTH STRATEGIES ADOPTED BY KEY COMPANIES159
11.8.2MARKET EVALUATION MATRIX160
TABLE 86COMPANY PRODUCT FOOTPRINT160
TABLE 87COMPANY REGION FOOTPRINT160
TABLE 88COMPANY INDUSTRY FOOTPRINT160
11.9STRATEGIC DEVELOPMENTS161
TABLE 89NEW PRODUCT LAUNCH, 2017–2022161
TABLE 90DEALS, 2017–2022161
TABLE 91OTHERS, 2017–2022162
12COMPANY PROFILES163
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1KEY PLAYERS163
12.1.1INDORAMA VENTURES LIMITED163
TABLE 92INDORAMA VENTURES LIMITED: COMPANY OVERVIEW163
FIGURE 65INDORAMA VENTURES LIMITED: COMPANY SNAPSHOT164
12.1.2ALPEK166
TABLE 93ALPEK: COMPANY OVERVIEW166
FIGURE 66ALPEK: COMPANY SNAPSHOT166
12.1.3SABIC168
TABLE 94SABIC: COMPANY OVERVIEW168
FIGURE 67SABIC: COMPANY SNAPSHOT169
TABLE 95SABIC: NEW PRODUCT LAUNCHES170
TABLE 96SABIC: DEALS171
12.1.4BASF172
TABLE 97BASF: COMPANY OVERVIEW172
FIGURE 68BASF: COMPANY SNAPSHOT173
TABLE 98BASF: NEW PRODUCT LAUNCHES174
TABLE 99BASF: OTHER DEVELOPMENTS174
12.1.5LOTTE CHEMICAL176
TABLE 100LOTTE CHEMICAL: COMPANY OVERVIEW176
FIGURE 69LOTTE CHEMICAL: COMPANY SNAPSHOT176
12.1.6MITSUBISHI CHEMICAL CORPORATION178
TABLE 101MITSUBISHI CHEMICAL CORPORATION: COMPANY OVERVIEW178
12.1.7JIANGSU SANFANGXIANG GROUP CO., LTD.180
TABLE 102JIANGSU SANFANGXIANG GROUP CO., LTD: COMPANY OVERVIEW180
12.1.8FAR EASTERN NEW CENTURY182
TABLE 103FAR EASTERN NEW CENTURY (FENC): COMPANY OVERVIEW182
12.1.9NAN YA PLASTICS CORP.183
TABLE 104NAN YA PLASTICS CORP.: COMPANY OVERVIEW183
12.1.10OCTAL185
TABLE 105OCTAL: COMPANY OVERVIEW185
12.2OTHER PLAYERS186
12.2.1RELIANCE INDUSTRIES186
TABLE 106RELIANCE: COMPANY OVERVIEW186
12.2.2MITSUI CHEMICAL187
TABLE 107MITSUI CHEMICAL: COMPANY OVERVIEW187
12.2.3DUPONT188
TABLE 108DUPONT: COMPANY OVERVIEW188
12.2.4TORAY INDUSTRIES INC.189
TABLE 109TORAY INDUSTRIES INC.: COMPANY OVERVIEW189
12.2.5EVONIK INDUSTRIES190
TABLE 110EVONIK INDUSTRIES: COMPANY OVERVIEW190
12.2.6EASTMAN191
TABLE 111EASTMAN: COMPANY OVERVIEW191
12.2.7SINOPEC CHEMICAL COMMERCIAL HOLDING COMPANY LIMITED193
TABLE 112SINOPEC: COMPANY OVERVIEW193
12.2.8JBF INDUSTRIES194
TABLE 113JBF.: COMPANY OVERVIEW194
12.2.9LA SEDA DE BARCELONA194
TABLE 114LA SEDA DE BARCELONA: COMPANY OVERVIEW194
12.2.10CHANG CHUN GROUP195
TABLE 115CHANG CHUN GROUP: COMPANY OVERVIEW195
12.2.11LANXESS195
TABLE 116LANXESS: COMPANY OVERVIEW195
12.2.12DSM196
TABLE 117DSM: COMPANY OVERVIEW196
12.2.13CELANESE196
TABLE 118CELANESE: COMPANY OVERVIEW196
12.2.14SHINKONG SYNTHETIC FIBERS CORPORATION197
TABLE 119SHINKONG SYNTHETIC FIBERS CORPORATION: COMPANY OVERVIEW197
12.2.15CLARIANT AG197
TABLE 120CLARIANT AG: COMPANY OVERVIEW197
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13ADJACENT & RELATED MARKETS198
13.1INTRODUCTION198
13.1.1LIMITATIONS198
13.2PET PACKAGING MARKET198
13.2.1MARKET DEFINITION198
13.2.2MARKET OVERVIEW199
13.2.3PET PACKAGING MARKET, BY FORM199
TABLE 121PET PACKAGING MARKET SIZE, BY FORM, 2014–2021 (USD MILLION)199
TABLE 122PET PACKAGING MARKET SIZE, BY FORM, 2014–2021 (KILOTON)200
13.2.3.1AMORPHOUS PET200
13.2.3.2CRYSTALLINE PET200
13.2.4PET PACKAGING MARKET, BY PACKAGING TYPE200
TABLE 123PET PACKAGING MARKET SIZE, BY PACKAGING TYPE,
2014–2021 (USD MILLION)201
TABLE 124PET PACKAGING MARKET SIZE, BY PACKAGING TYPE,
2014–2021 (KILOTONS)201
13.2.4.1Rigid packaging201
TABLE 125RIGID PET PACKAGING MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION)201
TABLE 126RIGID PET PACKAGING MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (KILOTONS)202
13.2.4.2Flexible packaging202
TABLE 127FLEXIBLE PET PACKAGING MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION)202
TABLE 128FLEXIBLE PET PACKAGING MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (KILOTONS)203
13.2.5PET PACKAGING MARKET, BY PACK TYPE203
TABLE 129PET PACKAGING MARKET SIZE, BY PACK TYPE, 2014–2021 (USD MILLION)203
TABLE 130PET PACKAGING MARKET SIZE, BY PACK TYPE, 2014–2021 (KILOTON)204
13.2.5.1Bottles & jars204
13.2.5.2Bags & pouches205
13.2.5.3Trays205
TABLE 131BENEFITS OF PET TRAYS205
13.2.5.4Lids/Caps & closures205
13.2.5.5Others206
13.2.6PET PACKAGING MARKET, BY END-USE INDUSTRY206
TABLE 132PET PACKAGING MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION)207
TABLE 133PET PACKAGING MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (KILOTON)207
13.2.6.1Food207
TABLE 134PET PACKAGING MARKET SIZE, BY PACK TYPE, 2014–2021 (USD MILLION)208
TABLE 135PET PACKAGING MARKET SIZE, BY PACK TYPE, 2014–2021 (KILOTON)209
13.2.6.2Beverage209
TABLE 136PET PACKAGING MARKET SIZE FOR BEVERAGES, BY PACK TYPE,
2014–2021 (USD MILLION)209
TABLE 137PET PACKAGING MARKET SIZE FOR BEVERAGES, BY PACK TYPE,
2014–2021 (KILOTON)210
13.2.6.3Personal care & cosmetics210
TABLE 138PET PACKAGING MARKET SIZE FOR PERSONAL CARE & COSMETICS, BY PACK TYPE, 2014–2021 (USD MILLION)210
TABLE 139PET PACKAGING MARKET SIZE FOR PERSONAL CARE & COSMETICS, BY PACK TYPE, 2014–2021 (KILOTON)211
13.2.6.4Household products211
TABLE 140PET PACKAGING MARKET SIZE FOR HOUSEHOLD PRODUCTS, BY PACK TYPE, 2014–2021 (USD MILLION)211
TABLE 141PET PACKAGING MARKET SIZE FOR HOUSEHOLD PRODUCTS, BY PACK TYPE, 2014–2021 (KILOTON)212
13.2.6.5Pharmaceuticals212
TABLE 142ADVANTAGES OF PET IN PHARMACEUTICAL PACKAGING:212
TABLE 143PET PACKAGING MARKET SIZE FOR PHARMACEUTICALS, BY PACK TYPE, 2014–2021 (USD MILLION)213
TABLE 144PET PACKAGING MARKET SIZE FOR PHARMACEUTICALS, BY PACK TYPE, 2014–2021 (KILOTON)213
13.2.6.6Others213
TABLE 145PET PACKAGING MARKET SIZE FOR OTHER END-USE INDUSTRIES,
BY PACK TYPE, 2014–2021 (USD MILLION)214
TABLE 146PET PACKAGING MARKET SIZE FOR OTHER END-USE INDUSTRIES,
BY PACK TYPE, 2014–2021 (KILOTONS)214
13.2.7PET PACKAGING MARKET, BY FILLING TECHNOLOGY214
TABLE 147PET PACKAGING MARKET SIZE, BY FILLING TECHNOLOGY,
2014–2021 (USD MILLION)215
TABLE 148PET PACKAGING MARKET SIZE, BY FILLING TECHNOLOGY,
2014–2021 (KILOTON)215
13.2.7.1Hot fill215
13.2.7.1.1Stepwise procedure of hot filling process216
FIGURE 70HOT FILLING PROCESS216
13.2.7.2Cold fill216
TABLE 149COLD FILL TECHNOLOGIES217
13.2.7.3Aseptic fill217
FIGURE 71ASEPTIC FILLING PROCESS218
13.2.7.4Others219
13.2.8PET PACKAGING MARKET, BY REGION219
13.2.8.1North America219
13.2.8.2Europe220
13.2.8.3Asia Pacific220
13.2.8.4Rest of the World (RoW)220
14APPENDIX221
14.1DISCUSSION GUIDE221
14.2KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL224
14.3AVAILABLE CUSTOMIZATIONS226
14.4RELATED REPORTS226
14.5AUTHOR DETAILS227
Related Report
