The study involved four major activities in order to estimating the current size of the PET & PBT resin market. Exhaustive secondary research conducted to gather information on the market. The next step was to conduct primary research to validate these findings, assumptions, and sizing with the industry experts across the value chain. Both top-down and bottom-up approaches were used to estimate the total market size. The market size of segments and subsegments was then estimated using market breakdown and data triangulation.
Secondary Research
Secondary sources include annual reports of companies, press releases, investor presentations, white papers, articles by recognized authors, and databases, such as D&B, Bloomberg, Chemical Weekly, and Factiva; and publications and databases from associations, including PETRA (the PET Resin Association), CPMA (Chemicals & Petrochemicals Manufacturers’ Association), NAPCOR (National Association for PET Container Resources).
Primary Research
Extensive primary research was carried out after gathering information about PET & PBT resin market through secondary research. In the primary research process, experts from the supply and demand sides have been interviewed to obtain qualitative and quantitative information and validate the data for this report. Questionnaires, emails, and telephonic interviews were used to collect primary data. Primary sources from the supply side include industry experts, such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the PET & PBT resin market. Primary interviews were conducted to elicit information such as market statistics, revenue data collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also assisted in comprehending the various trends associated to type, application, and region.
The breakup of Primary Research:
To know about the assumptions considered for the study, download the pdf brochure
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PET & PBT RESIN MANUFACTURERS |
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Indorama Ventures Public Company Limited |
Alpek, S.A.B. de C.V. |
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SABIC |
Lotte Chemical Corporation |
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BASF SE |
Mitsubishi Chemical Group Corporation |
Market Size Estimation
The following information is part of the research methodology used to estimate the size of the PET & PBT resin market. The market sizing of the PET & PBT resin market was undertaken from the demand side. The market size was estimated based on market size for PET & PBT resin in various type.
Global PET & PBT Resin Market Size: Bottom-Up Approach and Top-Down Approach
Data Triangulation
After arriving at the overall market size, the market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Polyethylene terephthalate (PET) is a condensation polymer composed of ethylene glycol and terephthalic acid. It's lightweight, translucent, and comes in several colors. As a member of the ester family, it's also known as polyester. This recyclable thermoplastic polymer has excellent strength, ductility, stiffness, and hardness. It may be treated by vacuum forming, injection molding, compression molding, and blow molding. PET is largely used for food packaging, including fruit and drink containers. It's also utilized to make microwavable trays, food packaging, and cosmetic and pharmaceutical containers.
PBT, a semi-crystalline engineering thermoplastic, shares comparable qualities and composition with PET. PBT is part of the polyester family of polymers. The polymer has good mechanical and electrical characteristics. PBT has garnered commercial attention for its many uses, including automotive, electrical and electronics, and consumer products.
Stakeholders
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End User
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Raw Material Suppliers
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Senior Management
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Procurement Department
Report Objectives
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To define, describe, segment, and forecast the size of the PET & PBT resin market based on type, application, and region.
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To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, South America, Middle East & Africa, along with major countries in each region
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To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the PET & PBT resin market
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To analyze technological advancements and product launches in the market
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To strategically analyze micromarkets, with respect to their growth trends, prospects, and their contribution to the market
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To identify financial positions, key products, and key developments of leading companies in the market
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To provide a detailed competitive landscape of the market, along with market share analysis
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To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
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To strategically profile key players in the market and comprehensively analyze their core competencies
HIGHEST CAGR MARKET IN 2024-2039
INDIA FASTEST GROWING MARKET IN THE REGION
Growth opportunities and latent adjacency in Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market