市場調查報告書
商品編碼
1074783
聚對苯二甲酸乙二酯(PET)、聚丁烯對苯二甲酸酯(PBT)樹脂的全球市場:各類型(再生,透明,非透明),各地區分析 - 預測(到2028年)Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Forecasts to 2028 - Global Analysis By Type (Recycled, Transparent & Non-Transparent), and By Geography |
全球聚對苯二甲酸乙二酯(PET)、聚丁烯對苯二甲酸酯(PBT)樹脂的市場規模,2021年311億6,000萬美金,在預測期間內預計以8.10%的年複合成長率發展,預計至2028年達到537億4,000萬美元。
本報告提供全球聚對苯二甲酸乙二酯(PET)、聚丁烯對苯二甲酸酯(PBT)樹脂市場調查,市場的推動因素與阻礙因素,市場機會,COVID-19影響,各類型、各用途、各地區的市場分析,競爭情形,主要企業的簡介等資訊。
According to Stratistics MRC, the Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market is accounted for $31.16 billion in 2021 and is expected to reach $53.74 billion by 2028 growing at a CAGR of 8.10% during the forecast period. Polyethylene terephthalate is a recyclable polyester and is used in many applications compared to other thermosetting materials. This advantage of being reusable helps the manufacturers to have a cost advantage. Recycling PET increases the consumption of PET bottles and supports the demand for PET resin.
Market Dynamics:
Driver:
Highly recyclable plastic resin
Polyethylene terephthalate is a highly recyclable plastic and widely used recycled plastic across the globe. Polyethylene terephthalate is used for many applications. Various main beverage and FMCG companies have committed to including 50% recycled content in their plastic packaging. So, the demand for food-grade-certified recycled materials is likely to increase. Few PET converters have identified this as an opportunity to expand their food-grade rPET production capacities domestically.
Restraint:
Fluctuations in raw material prices
The change in crude oil and petrochemicals' prices has increased the cost of raw materials. The price of polyethylene terephthalate resin is determined by market dynamics and influenced by the price of crude oil. Fluctuations in prices of raw materials increase the operating cost, resulting in an expensive end product. PET resin is manufactured from crude oils; hence, changes in crude oil prices will impact the price of PET resin.
Opportunity:
High demand for sustainable packaging solutions
Increasing concerns about environmental pollution have augmented the demand for sustainable packaging solutions, including recycled plastic. Packaging manufacturers are focusing on developing sustainable and green packaging products which can be recycled and reused. These manufacturers are investing in R&D activities and technologies to develop sustainable packaging solutions which are environment-friendly, cost-effective, and do not compromise on the protection level offered to the packed product, which is providing ample opportunities for the market.
Threat:
Costs of recycled plastics
Raw materials needed for the manufacture of virgin plastics are petrochemicals such as oil and natural gas. Many additives are added while manufacturing plastic products; some of these are fillers and colorants. Recycling companies are not usually aware of the elements added to plastic that affect the manufacturing of recycled plastic products. Sorting and separating plastic is highly labor-intensive and expensive than manufacturing new plastic products from petrochemicals, which is inexpensive.
The transparent & non-transparent polyethylene terephthalate segment is expected to be the largest during the forecast period
The transparent & non-transparent polyethylene terephthalate segment is estimated to have a lucrative growth owing to the rise in demand for PET containers, especially from the food & beverage sector, and the increase in demand for frozen & processed food.
The polyethylene terephthalate (PET) applications segment is expected to have the highest CAGR during the forecast period
The polyethylene terephthalate (PET) applications segment is anticipated to witness the fastest CAGR growth during the forecast period as the advantages of conventional packaging plastics have increased engineering plastic products such as PET containers and bottles in the packaging sector.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to increasing demand for PET resin in different applications, especially bottles, films, and food packaging segments, growth in auto sales and electronics market in emerging economies, and a high number of players in industries such as automobile and electrical & electronics.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period owing to increasing regulations and guidelines for the packaging industry for developments in design and materials which are sustainable and easily recyclable.
Key players in the market
Some of the key players profiled in the Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market include Toray Industries, Inc., SABIC, Mitsubishi Chemical Corporation, Koninklijke DSM N.V., Jiangsu Sanfangxiang Group Co., Ltd., Indorama Ventures Limited, Far Eastern New Century Corporation, DowDuPont, Inc., BASF, Alpek and M&G Chemicals SA.
Key Developments:
In Jan 2022, SABIC launched two novel polybutylene terephthalate (PBT) compounds, LNP Elcrin WF006XXPiQ and LNP Elcrin WF0061XPiQ. These are the first two grades of a new material range that includes pre-consumer recycled glass fibers retrieved from waste streams in industrial processes.
In July 2019, BASF launched the worldwide first thermoformable PBT for extrusion and thermoforming. The material is a great choice for extrusion of films and thermoforming of packaging or technical parts.
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