China PET and PBT Resins Market to Grow with a CAGR of 4.28% through 2029
Growth in research and development activities is expected
to drive the China PET and PBT Resins Market growth in the forecast period,
2025-2029
According to TechSci Research report, “China PET
and PBT Resins Market – By Region, Competition, Forecast and Opportunities,
2019-2029F”, the China PET and PBT Resins Market stood at USD11.95 billion in
2023 and is anticipated to grow with a CAGR of 4.28% in the forecast period,
2025-2029F. Government initiatives have created favorable market conditions for the China PET and PBT Resins Market. Various factors contribute to the growth of these resin products.
The Chinese government actively promotes and supports innovation in the PET (Polyethylene Terephthalate) and PBT (Polybutylene Terephthalate) resins industry. An example is the patent granted for an antimony-free reinforced flame-retardant PBT material, showcasing advancements in its preparation method while being environmentally friendly.
China's Zero-COVID policy significantly impacts domestic PET resin demand. The government's efforts in managing the pandemic demonstrate its commitment to maintaining stability and safeguarding key industrial sectors, including the PET and PBT resins market. These measures reflect China's comprehensive approach to ensuring a resilient and thriving industry amidst challenging circumstances.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "China
PET and PBT Resins Market”
Innovation in material sciences has transformed the potential applications of PET (polyethylene terephthalate) and PBT (polybutylene terephthalate) resins, resulting in increased demand for these versatile products. Extensive research and development efforts have led to the creation of PET/PBT blends, offering a unique combination of the advantageous properties of both materials. These blends are increasingly used across various industries, including automotive and electronics, where they significantly contribute to market growth and enable new possibilities for product design and performance enhancements. Continued exploration and advancement in this field are expected to expand market opportunities further and drive innovation in the material sciences sector.
The China PET and PBT Resins Market is segmented in PET
resins application, PBT resins application, regional distribution, and company.
Based on its PET resins application, the food
packaging segment held the largest share in the market. Another significant
factor contributing to the dominance of PET and PBT resins in the packaging
industry is the increasing focus on sustainability. These resins offer not only
excellent performance but also align with the global push towards reducing
carbon footprints and promoting circular economies. By being recyclable, they
enable the creation of eco-friendly packaging solutions that cater to the
growing demand for sustainable practices. This combination of performance and
environmental responsibility makes PET and PBT resins highly attractive for
various food packaging applications.
Based on region, South Central segment is expected to
grow during the forecast period. Situated in South Central China, known for its
strategic location, the region enjoys convenient access to a wide range of
domestic and international markets. This advantageous position plays a pivotal
role in facilitating the export of PET and PBT resins, further strengthening
the region's dominant position in the market. With its favorable geography and
thriving trade, South Central China continues to solidify its reputation as a
key player in the industry.
Major companies operating in China PET and PBT Resins
Market are:
- Shinkong Synthetic Fibers Corporation
- Zhejiang Wankai New Materials Co., Ltd.
- China National Blue Star (Group) Co.,
Ltd.
- BASF (China) Co. Ltd.
- Sinopec Yizheng Chemical Fibre Co., Ltd.
Download
Free Sample Report
Customers can also request for 10%
free customization on this report
“Growing application of PET and PBT resins in various
end user industries are key drivers of the PET and PBT resins market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of PET and PBT Resins with
every passing year are anticipated to register an impressive growth to China
PET and PBT resins Market in the forecast period.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“China PET and PBT Resins Market By PET Resins Application (Bottles, Films, Food Packaging, Others), By PBT Resins Application (Automotive, Consumer Appliance, Electronic & Electricals, Others), By Region, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated the future growth potential of China
PET and PBT Resins Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in China PET and
PBT Resins Market.
Contact
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com