The Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Global Market Report 2023, provides comprehensive information on the polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resins market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Market’s Growth:
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As per The Business Research Company’s Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Global Market Report 2023, the global polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market size grew from $39.98 billion in 2022 to $44.26 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market is expected to grow to $63.76 billion in 2027 at a CAGR of 9.6%.
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Product innovations are the key trend gaining popularity in the polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resin market. Major companies operating in the market are focused on introducing new innovative products with reduced carbon footprints to gain a competitive advantage. For instance, in May 2022, SABIC, a Saudi Arabia-based chemical manufacturing company, launched LNP ELCRIN WF0061BiQ PBT resin, produced from chemically upcycled ocean-bound PET bottles. This compound has the potential to reduce CO2 emissions by up to 14% and cumulative energy demand by up to 25% when compared to glass fiber. It is a potential material for consumer electronics applications such as computer fan housings, vehicle seats, electrical connectors, and enclosures.
The polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resins market is segmented:
1) By Type: Transparent And Non-Transparent Pet, Recycled Pet
2) By PET Application: Bottles, Films, Food Packaging, Other PET Applications
3) By PBT Application: Electrical And Electronics, Automotive, Consumer Appliances, Other PBT Applications
Asia-Pacific was the largest region in the polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resins market in 2022.
The table of contents in TBRC’s polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resins market report includes:
1. Executive Summary
2. Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Characteristics
3. Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Trends And Strategies
4. Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market – Macro Economic Scenario
5. Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Size And Growth
…
27. Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market
29. Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Future Outlook and Potential Analysis
30. Appendix
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