PET Resins Market & PBT Resins Market Poised to Reach $ 47.4 Billion by 2019 â" Report by MarketsandMarkets
(PRWEB) November 15, 2014
The report âPET Resin Market by Application, & PBT Resin Market by Application - Global Trends & Forecasts to 2019â, analyzes the global PET & PBT resin market with respect to drivers, opportunities, and trends in different regions.
Browse 99 market data tables and 45 figures spread through 281 slides and in-depth TOC on âPET Resin Market & PBT Resin Market by Application - Global Trends & Forecasts to 2019â.
Currently, the demand of PET resins is driven by the bottle, film, food packaging and others) where as PBT resin demand by the global automotive, electrical & electronics, consumer goods, industrial, and others. The drivers of the PET resin industry are replacing traditional packaging material such as glass, paper, metal, and aluminum, owing to its high strength, light weight, clarity, long-term durability, and design plasticity. It is extensively used for packaging products such as foods and beverages, especially convenience-sized soft drinks, juices and water.
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Moreover, PET is the only polyester which is recyclable among the competing thermosetting material available in the material. PBT as an engineering plastic feature's thermal, dimensional and moulding stability. It has high heat resistance and superior electrical properties which results in increasing its penetration in automotive and electronic application. PBT enables weight reduction and fuel efficiency in car compared to steel and aluminum which drives demand for PBT resin. Recovery of GDP growth, spending levels, employment rates, and rise in investment levels will support growth in PBT Market.
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The PET & PBT resin market is dominated by respective regional players, along with the presence of a few global players in the key growth markets. The Asia-Pacific region is the largest market, followed by Europe, in the global PET & PBT resin industry. Leading PBT resin manufacturers have integrated their value chains to reduce the impact of external environment on product economics.
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Engineering Plastics Market by Type (Acrylonitrile butadiene styrene, Fluor polymer, Polyamide, Polycarbonate, Polyoxymethylene, Thermoplastic Polyesters, and Others), Applications and Geography - Trends & Forecasts (2013- 2018)
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