DALLAS, May 13, 2014 /PRNewswire/ --

According to new market research report "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", published by MarketsandMarkets, PET & PBT Resin Market is estimated to be $47.379 Billion by 2019, signifying a robust growth rate of about 7.3% from 2014 to 2019.

Browse 99 market data Tables and 45 Figures spread through 281 Slides and in-depth TOC on "PET Resin Market - Global Trends, Forecasts to 2019".

http://www.marketsandmarkets.com/Market-Reports/pet-pbt-resin-market-261832731.html

Early buyers will receive 10% customization on this report.

PET & PBT resin consumption is significantly increasing in packgaing and electrical & electronics industry respectively. PET is replacing the conventional packaging materials, such as glass, aluminium paper and metal due to its light weight; whereas PBT features thermal, dimensional, and moulding stability. The Asia-Pacific region is expected to dominate the PET Resin Market from 2014 to 2019 with its growing demand for PET resin in different applications, especially bottles, films, and food packgaing segments. The Asia-Pacific and Europe markets are estimated to show a growth of 10.9% and 2.8% respectively during the period under review. PBT is replacing metal in many areas with the same thermo-mechanical properties in automotive applications, eventually driving the PBT resin market. Growth in auto sales and electronics market in emerging economies is also expected to boost the PBT resin market.

Indorama Ventures (Thailand) is all set to invest $190 million to build a new PET resin manufacturing plant with an annual capacity of 500,000 tons at Decatur in Morgan County, U.S.The construction of this new facility commenced in 2013 and is set for completion in the fourth quarter of 2015. M&G Chemicals (Luxembourg) awarded a $1 billion engineering, procurement, and construction contract to Sinopec Engineering (Group) Co. Ltd. to build a polyethylene terephthalate-purified terephthalic acid (PTA) plant to be started in 2014 in Corpus Christi, TExas. The plant will produce 600,000 metric tons of PET and 864,000 metric tons of PTA, making it the largest single-line PET and PTA plant in the world.

The Asia Pacific region is the largest market, both, in terms of volume and value, followed by Europe, and ROW. China, U.S., Germany, Japan, India, South Korea, Brazil, and Mexico are expected to continue as successful thermoplastic polyester resin markets. The key players in the PET Resin Market are Indorama Ventures (Thailand), M&G Chemicals (Luxembourg), Jiangsu Sanfangxiang Group (China), Far Eastern New Century (Taiwan), Alpex (Mexico), and others. The main players in the PBT resin market are 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

The PET & PBT Resin Market, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, investments, expansions, mergers & acquisitions, agreements, partnerships, and collaborations of the leading companies.

The value of the PET Resin Market was estimated to be $29,358.5 million in 2013, and is projected to reach $44,581.8 million by 2019, at a CAGR of 7.3%, from 2014 to 2019. The PBT resin market reached $2,112.6 million in 2013 and is projected to reach $2,796.9 million by 2019, at a CAGR of 4.6% during the period of study The high demand across the industries, such as bottles, films, and food packaging will increase the overall PET resin consumption. The high demand of PBT resin across the industries, such as electrical & electronics, automotive, and consumer appliances will support the PBT resin market.

Browse related reports 

Polycarbonate Resin Market by Applications (Automotive, Consumer, Electrical & Electronic, Medical, Optical Media, Packaging & Sheet & Film) & Geography - Trends & Forecasts to 2018

http://www.marketsandmarkets.com/Market-Reports/polycarbonate-resin-market-1326.html

Global Engineering Plastics Market Analysis by Product Types, Applications & Geography - Trends & Forecasts (2012 - 2017)

http://www.marketsandmarkets.com/Market-Reports/engineering-plastics-market-687.html

About MarketsandMarkets 

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, agriculture, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact: 

Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets