Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Market?
The market size of Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins has witnessed robust growth in recent years. The market value will increase from $48.62 billion in 2024 to $52.78 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.6%.
What Is the Forecasted CAGR for the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Market by 2029?
The market for polyethylene terephthalate (PET) and polybutylene terephthalate (PBT) resins is forecasted to expand to a value of $80.34 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.1%.
Download the Free Sample Now:
What Are the Market Drivers in the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Industry?
The key Drivers in the polyethylene terephthalate (pet) and polybutylene terephthalate (pbt) resins market are:
• Rising demand for PET in packaging industry
• Excellent properties of PET such as clarity, durability, and chemical inertness
• Lightweight nature of PET suitable for packaging products
• Expanding opportunities for foreign suppliers selling to Original Equipment Manufacturers (OEMs)
What Is the Segment-Wise Breakdown of the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Market?
The polyethylene terephthalate (pet) and polybutylene terephthalate (pbt) resinsmarket 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
Explore the Complete Market Report:
Which Emerging Trends Are Driving Growth in the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Sector?
The key trends in the polyethylene terephthalate (pet) and polybutylene terephthalate (pbt) resins market are:
• One emerging trend is the increasing focus on product innovations amongst market players.
• The industry is witnessing a shift towards the development and launch of products with lower carbon footprints.
• The introduction of products created from upcycled materials, like ocean-bound PET bottles, is a notable trend.
• There's a growing interest in using these resins for a wider range of applications such as consumer electronics, vehicle seats, and electrical connectors.
Which Companies Are Dominating the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Market in Terms of Revenue?
The key players in the polyethylene terephthalate (pet) and polybutylene terephthalate (pbt) resins market are:
• 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.
• 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
• Royal DSM N.V.
What Are the Regions Driving Demand in the Polyethylene Terephthalate (PET) and Polybutylene Terephthalate (PBT) Resins Market?
Asia-Pacific was the largest region in the polyethylene terephthalate (PET) & polybutylene terephthalate (PBT) resins market in 2024
