PET & PBT Resins Market Analysis & Forecast to 2019
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The report “Polyethylene Terephthalate – PET Resin & Polybutylene Terephthalate – PBT Resin Market by PET Application (Bottles, Films, Food Packaging & Others), by PBT Application (Automotive, ...
The report “Polyethylene Terephthalate – PET Resin & Polybutylene Terephthalate – PBT Resin Market by PET Application (Bottles, Films, Food Packaging & Others), by PBT Application (Automotive, Electrical and Electronics, Consumer Appliance, & Others) – Global Trends & Forecast to 2019″ by MarketsandMarkets is now available at RnRMarketResearch.com.
The report analyzes the global PET & PBT resin market with respect to drivers, opportunities, and trends in different regions. The value of the PET resin market was estimated to be $29,358.5 million in 2013, and is projected to reach $44,581.8 million by 2019, at a CAGR of 7.3%, from 2014 to 2019. The PBT resin market reached $2,112.6 million in 2013 and is projected to reach $2,796.9 million by 2019, at a CAGR of 4.6% during the period of studyThe high demand across the industries, such as bottles, films, and food packaging will increase the overall PET resin consumption. The high demand of PBT resin across the industries, such as electrical & electronics, automotive, and consumer appliances will support the PBT resin market.
PET & PBT resin consumption is significantly increasing in packgaing and electrical & electronics industry respectively. PET is replacing the conventional packaging materials, such as glass, aluminium paper, and metal due to its light weight; whereas PBT features thermal, dimensional, and moulding stability. The Asia-Pacific region is expected to dominate the PET resin market from 2014 to 2019) with its growing demand for PET resin in different applications, especially bottles, films, and food packgaing segments. The Asia-Pacific and Europe markets are estimated to show a growth of 10.9% and 2.8% respectively during the period under review. PBT is replacing metal in many areas with the same thermo-mechanical properties in automotive applications, eventually driving the PBT resin market. Growth in auto sales and electronics market in emerging economies is also expected to boost the PBT resin market.
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