Polyethylene Terephthalate - PET Resin & Polybutylene Terephthalate - PBT Resin Market

The Asia-Pacific region is the largest market, followed by Europe, in the global PET & PBT resin industry.

Indorama Ventures (Thailand), M&G Chemicals (Luxembourg), Jiangsu Sanfangxiang Group (China), Far Eastern New Century (Taiwan), Alpex (Mexico), and others are the important players in the PET resin market. BASF (Germany), Toray Industries (Japan), Royal DSM N.V. (The Netherlands), E. I. du Pont de Nemours and Company (U.S.), Saudi Basic Industries Corporation (Saudi Arabia), Nan Ya Plastics (Taiwan), Lanxess Corporations (Germany), Celanese Corporation (U.S.), and others are the most active and the key players in the PBT resin market.

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.

Investments and expansions were the most preferred development strategies adopted by the players to increase their capacity, product portfolio, market share, and their geographical reach. A large number of investements and expansions by the key players was seen in 2013 and 2014, followed by mergers and acquisitions in 2011.

Far Eastern New Century (Taiwan), through its subsidiary “Far Eastern Polychem Industries Ltd.”, entered into a joint venture in April, 2013 with Ishizuka Glass Co. Ltd. (Japan) to establish Far Eastern Ishizuka Green PET Corporation in Japan to conduct R-PET production and distribution business.

Japan-based Toray Industries started its first compounding plant with a capacity of 11,000 t/y in western China for PA, PPS, and PBT at Chengdu City in China’s Sichuan area in 2013. The Sichuan facility is planned to complement units at Shenzhen and Suzhou in China and is expected to help Toray to meet the increasing demand for resins from the automobile and home appliance industries.

Related Reports:

PET Resin Market by Application (Bottles, Films, Food Packaging, and Others), & PBT Resin Market by Application (Automotive, Electrical & Electronics, Consumer Appliances, and Others) - Global Trends, Forecasts to 2019

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Report Code
CH 2453
RI Published ON
5/7/2014
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