Product Code: ETC13403305 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Polyethylene Terephthalate & Polybutylene Terephthalate Resins Market was valued at USD 41.2 Billion in 2024 and is expected to reach USD 60.8 Billion by 2031, growing at a compound annual growth rate of 6.00% during the forecast period (2025-2031).
The Global Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins market is experiencing steady growth driven by the increasing demand from various end-use industries such as packaging, automotive, electronics, and textiles. PET resins are widely used in the production of bottles, containers, and packaging films due to their excellent barrier properties and recyclability. On the other hand, PBT resins are favored for their high strength, heat resistance, and electrical insulation properties, making them ideal for applications in automotive components, electrical connectors, and consumer goods. The market is also witnessing a shift towards bio-based PET and PBT resins to meet the growing sustainability concerns. Key players in the market include Indorama Ventures, DuPont, BASF SE, and SABIC, who are focusing on product innovation and strategic partnerships to maintain their competitive edge in the global market.
The Global Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Market is experiencing significant growth driven by the increasing demand for lightweight and durable packaging solutions in industries such as food and beverage, pharmaceuticals, and personal care. PET resins, commonly used in beverage bottles, are witnessing a surge in demand due to their recyclability and sustainability features. On the other hand, PBT resins are finding applications in automotive parts, electrical components, and consumer electronics due to their high heat resistance and mechanical properties. Emerging trends in bio-based PET and PBT resins are also creating opportunities for market players to capitalize on the growing demand for eco-friendly materials. Additionally, technological advancements in resin production processes and increasing investments in research and development are expected to further drive market growth in the coming years.
The Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market faces several challenges, including fluctuating raw material prices, increasing competition from alternative materials, stringent environmental regulations regarding plastic usage and disposal, and the impact of the COVID-19 pandemic on supply chains and demand dynamics. Additionally, the market is characterized by a high degree of fragmentation and the presence of numerous small and medium-sized players, leading to pricing pressures and margin erosion. Innovations in bio-based and recycled PET/PBT resins are also posing a challenge to traditional petrochemical-based resins. Companies in the market need to focus on sustainability, product differentiation, and operational efficiency to navigate these challenges and maintain a competitive edge in the global PET & PBT resins market.
The Global Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) resins market is primarily driven by the increasing demand for packaging materials in industries such as food and beverage, pharmaceuticals, and personal care products. PET resins are widely used in the production of bottles and containers due to their lightweight, durable, and recyclable properties. On the other hand, PBT resins find applications in automotive, electrical and electronics sectors for their high heat resistance and mechanical strength. Additionally, the growing awareness towards sustainable and eco-friendly packaging solutions is fueling the demand for PET resins. Technological advancements in manufacturing processes, coupled with the rising disposable income leading to higher consumption of consumer goods, are further propelling the growth of the global PET and PBT resins market.
Government policies related to the Global Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) resins market mainly focus on regulating production processes to ensure environmental sustainability and safety standards. These policies often include guidelines for waste management, recycling initiatives, and emission control measures to minimize the impact of plastic production on the environment. Additionally, governments may impose import/export tariffs or quotas to protect domestic industries and promote local manufacturing. Some regions also incentivize the use of bio-based or recycled materials in resin production to reduce reliance on fossil fuels and promote circular economy practices. Overall, government policies aim to strike a balance between supporting industry growth and innovation while addressing environmental concerns and promoting sustainable practices in the PET and PBT resins market.
The Global Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) resins market is expected to witness steady growth in the coming years. Factors such as increasing demand for sustainable packaging solutions, growth in the automotive sector, and rising awareness about recycling and environmental concerns are driving the market expansion. The PET resin segment is projected to dominate the market due to its wide applications in the packaging industry, particularly in the beverage and food sectors. On the other hand, the PBT resin segment is anticipated to experience growth in the automotive and electrical & electronics industries. Technological advancements, product innovations, and strategic collaborations among key players are expected to further propel the market growth in the forecast period.
In the Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Asia is expected to dominate due to the high demand for PET resin in industries such as packaging and textiles. North America and Europe are also significant markets, driven by the increasing adoption of PBT resins in automotive and electrical applications. The Middle East and Africa region is witnessing growth in PET resin consumption, particularly in the beverage packaging sector. Latin America is showing steady growth in both PET and PBT resin markets, fueled by the expanding consumer goods and automotive industries. Overall, the market outlook for PET and PBT resins is positive across all regions, with Asia leading in production and consumption.
Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market - Industry Life Cycle |
3.4 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market - Porter's Five Forces |
3.5 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Revenues & Volume Share, By PET Application, 2021 & 2031F |
3.7 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Revenues & Volume Share, By PBT Application, 2021 & 2031F |
4 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Trends |
6 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, 2021 - 2031 |
6.1 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By PET Application, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Bottles, 2021 - 2031 |
6.1.3 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Films, 2021 - 2031 |
6.1.4 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Food Packaging, 2021 - 2031 |
6.1.5 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Transparent & Non-Transparent PET, 2021 - 2031 |
6.2.3 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Recycled PET, 2021 - 2031 |
6.3 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By PBT Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Electrical & Electronics, 2021 - 2031 |
6.3.3 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.3.4 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Consumer Appliances, 2021 - 2031 |
6.3.5 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Overview & Analysis |
7.1 North America Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Revenues & Volume, 2021 - 2031 |
7.2 North America Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By PET Application, 2021 - 2031 |
7.4 North America Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Type, 2021 - 2031 |
7.5 North America Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By PBT Application, 2021 - 2031 |
8 Latin America (LATAM) Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Overview & Analysis |
8.1 Latin America (LATAM) Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By PET Application, 2021 - 2031 |
8.4 Latin America (LATAM) Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Type, 2021 - 2031 |
8.5 Latin America (LATAM) Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By PBT Application, 2021 - 2031 |
9 Asia Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Overview & Analysis |
9.1 Asia Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By PET Application, 2021 - 2031 |
9.4 Asia Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Type, 2021 - 2031 |
9.5 Asia Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By PBT Application, 2021 - 2031 |
10 Africa Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Overview & Analysis |
10.1 Africa Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By PET Application, 2021 - 2031 |
10.4 Africa Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Type, 2021 - 2031 |
10.5 Africa Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By PBT Application, 2021 - 2031 |
11 Europe Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Overview & Analysis |
11.1 Europe Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By PET Application, 2021 - 2031 |
11.4 Europe Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Type, 2021 - 2031 |
11.5 Europe Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By PBT Application, 2021 - 2031 |
12 Middle East Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Overview & Analysis |
12.1 Middle East Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By PET Application, 2021 - 2031 |
12.4 Middle East Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By Type, 2021 - 2031 |
12.5 Middle East Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market, Revenues & Volume, By PBT Application, 2021 - 2031 |
13 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Key Performance Indicators |
14 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market - Export/Import By Countries Assessment |
15 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market - Opportunity Assessment |
15.1 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Opportunity Assessment, By PET Application, 2021 & 2031F |
15.3 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Opportunity Assessment, By Type, 2021 & 2031F |
15.4 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Opportunity Assessment, By PBT Application, 2021 & 2031F |
16 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market - Competitive Landscape |
16.1 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Revenue Share, By Companies, 2024 |
16.2 Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |