Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Global Market Report 2024

Polyethylene terephthalate (PET) is a robust, rigid synthetic fiber and resin that belongs to the polyester family of polymers. It is formed through the polymerization of ethylene glycol with terephthalic acid. Polybutylene terephthalate (PBT) resin, on the other hand, is a crystalline synthetic resin created by the polymerization of butanediol and terephthalic acid. Both PET and PBT resins are extensively used in the production of lightweight plastics for packaging food and beverages, as well as soft drinks.

The primary types within the polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resins market are transparent and non-transparent PET, as well as recycled PET. Transparent PET refers to non-crystalline PET with high transparency, while non-transparent PET is crystalline PET that has an opaque nature. Various applications for PET include bottles, films, food packaging, and other uses. PBT finds applications in electrical and electronics, automotive, consumer appliances, and other sectors.

The polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market research report is one of a series of new reports that provides polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market statistics, including polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market share, detailed polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market segments, market trends and opportunities, and any further data you may need to thrive in the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins industry. This polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The polyethylene terephthalate (pet) and polybutylene terephthalate (pbt) resins market size has grown rapidly in recent years. It will grow from $44.17 billion in 2023 to $48.93 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth observed in the historical period can be attributed to the expansion of the packaging and bottling industries, an increased demand for lightweight and recyclable materials, growth in the automotive and electrical sectors, the development of high-performance resins, and the implementation of regulatory standards for material safety.

The polyethylene terephthalate (pet) and polybutylene terephthalate (pbt) resins market size is expected to see rapid growth in the next few years. It will grow to $73.47 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The anticipated growth in the forecast period can be attributed to the adoption of sustainable and eco-friendly resin formulations, the increasing production of electric vehicles, the development of customized resin solutions for specific applications, a growing demand for impact-resistant and flame-retardant resins, and the expansion of applications in renewable energy. Noteworthy trends expected in the forecast period encompass the rise of bio-based and biodegradable PET and PBT resins, a focus on regulatory compliance for resin safety, the utilization of nanocomposite and reinforced resin materials, the emergence of smart and self-healing resin technologies, and the incorporation of circular economy practices in resin production.

The growth of the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market is anticipated to be driven by an increased demand for polyethylene terephthalate (PET) in the packaging sector. With characteristics such as clarity, durability, chemical inertness, and lightweight properties, PET is well-suited for the production of various packaging products. The National Renewable Energy Laboratory reports that over 82 million metric tons of PET were manufactured globally in 2021 for applications such as single-use beverage bottles, packaging, garments, and carpets. Hence, the rising demand for PET in the packaging industry is a significant factor propelling the growth of the polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resin market.

The market for polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins is expected to be driven by the popularity of highly recyclable plastic resin. These types of plastic resins can be collected, processed, and reused through recycling methods to create new plastic products, making them a more sustainable choice. Both PET and PBT, being thermoplastic polymers, are highly recyclable without significant degradation in their properties, positioning them as eco-friendly alternatives to single-use plastics and non-recyclable materials. For example, several global beverage and consumer goods businesses have committed to using 50% recycled content in their plastic packaging by 2030, as stated by PepsiCo. This emphasis on recyclable plastic resin further boosts the growth of the polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resin market.

A prominent trend in the polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resin market is product innovation. Major market players are keen on introducing innovative products with reduced carbon footprints to gain a competitive edge. SABIC, for instance, launched LNP ELCRIN WF0061BiQ PBT resin, produced from chemically upcycled ocean-bound PET bottles, with the potential to significantly reduce CO2 emissions and cumulative energy demand. Similarly, Coca-Cola introduced fully recycled PET bottles in the carbonated beverage category, enhancing sustainability in its packaging offerings.

In June 2022, Alpek, a Mexico-based producer of PET resin and PET sheet, acquired OCTAL Holding SAOC (OCTAL) for $620 million. This acquisition strengthens Alpek's global presence and enhances its value-added manufacturing capabilities in PET sheets, adding approximately one million tons of PET product capacity. OCTAL Holding SAOC is a U.S.-based producer of PET resin for the packaging industry.

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.

Asia-Pacific was the largest region in the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market in 2023. 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) & polybutylene terephthalate (PBT) resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resin market consists of sales of thermoforming and glass fiber. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.