Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Market Size Forecast: $80.34 Billion by 2029 | Global Outlook

Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.

What Is the Projected Market Size Valuation of the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Market by 2025?
The market size of polyethylene terephthalate (pet) and polybutylene terephthalate (pbt) resins has seen a substantial increase in recent years. It's projected to rise from $48.62 billion in 2024 to $52.78 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.6%. The robust growth experienced in the past years can be traced back to the expansion of packaging and bottling industries, increased demand for lightweight and recyclable materials, broadened automotive and electrical sectors, introduction of high-performance resins, and adherence to regulatory standards pertaining to material safety.

What Is the Estimated Market Growth Value for the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Industry in 2029?
The anticipated expansion of the polyethylene terephthalate (pet) and polybutylene terephthalate (pbt) resins market size is likely to be swift over the coming few years. The forecasted growth will reach $80.34 billion by 2029, with a compound annual growth rate (CAGR) of 11.1%. This expansion in the predicted period is primarily due to sustainable and environmentally friendly resin formulas, increased production of electric vehicles, custom-designed resin solutions for specific purposes, the demand for impact-resistant and flame-resistant resins, and growth in the renewable energy sector. The forecast period will also observe trends such as bio-based and biodegradable pet and pbt resins, regulatory adherence to resin safety, nanocomposite and reinforced resin materials, innovative smart and self-healing resin technologies, and the incorporation of circular economy strategies in resin production.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/polyethylene-terephthalate-pet-and-polybutylene-terephthalate-pbt-resins-global-market-report

What Are the Growth Drivers and Opportunities in the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Market?
The expected rise in demand for polyethylene terephthalate (PET) within the packaging industry is likely to fuel the expansion of the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market. The packaging industry refers to businesses that produce and design packing materials. Polyethylene terephthalate (PET) possesses qualities such as clarity, durability, chemical resistance, and light weight, making it ideal for the production of polyethylene packaging products. For example, as per the figures released by the International Trade Administration, a U.S. government agency, in May 2023, Mexico's overseas plastic resins purchases reached a value of USD 41.52 billion in 2022. This offers significant prospects for sizable foreign vendors to vend their products to original equipment manufacturers (OEMs). As such, the burgeoning demand for PET within the packaging segment underpins the growth of the polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resin market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7727&type=smp

What Are the Primary Segments Covered in the Global Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Market Report?
The polyethylene terephthalate (pet) and polybutylene terephthalate (pbt) resins market covered in this report 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

Subsegments:
1) By Transparent and Non-Transparent PET: Transparent PET, Non-Transparent PET (Opaque PET)
2) By Recycled PET: Post-Consumer Recycled PET (PCR PET), Post-Industrial Recycled PET (PIR PET)

What Are the Top Growth Trends in the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Market?
The major trend being seen in the polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resin market is product innovation. Pioneer companies in this sector are honing their focus on creation of innovative low-emission products to gain a competitive edge. To cite an example, in May 2022, the Saudi Arabia-based chemical manufacturer SABIC, unveiled its unique product LNP ELCRIN WF0061BiQ PBT resin, made from chemically upcycled ocean-bound PET bottles. The new product promises to reduce CO2 emissions by a staggering 14% and decreases cumulative energy costs by 25% in comparison to glass fiber. It shows promise in various applications including computer fan housings, car seats, electrical connectors, and enclosures.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=7727&type=smp

Which Companies Are Shaping the Future of the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Market?
Major companies operating in the polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resins market include Saudi Basic Industries Corporation, BASF SE, Indorama Ventures Limited, Mitsubishi Chemical Corporation, Toray Industries Inc., Koninklijke DSM N.V., Jiangsu Sanfangxiang Group Co.Ltd., M&G Chemicals SA, DowDuPont Inc., Nan Ya Plastics Corporation, Reliance Industries Limited, Far Eastern New Century Corporation, RTP Company Inc., Kolon Plastics Inc., Celanese Corporation, Distrupol Ltd., Indorama Ventures Limited, Alpek, Lanxess Corporation, LyondellBasell Industries N.V., Eastman Chemical Company, Formosa Plastics Group, JBF Industries Ltd., Grupo Kimex S.A. de C.V., Polyplex Corporation Ltd., Chang Chun Group, Hengli Group Co. Ltd., Wuxi Xingsheng New Material Technology Co.Ltd., China National BlueStar (Group) Co Ltd., Covestro AG, Celanese Corporation, Royal DSM N.V., DowDuPont Inc.

Which Region Holds the Largest Market Share in the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Industry?
Asia-Pacific was the largest region in the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market in 2024. North America was the second-largest region in the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market. The regions covered in the polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resins market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Reach Out to Us
Speak With Our Expert:Saumya Sahay,
Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.