PET Resin Market was valued at USD 27.6 Billion in 2022 and is projected to reach USD 40.0 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
PET Resin Market Size and Opportunity Analysis
The PET resin market was valued at approximately USD 45.8 billion in 2022, with a compound annual growth rate (CAGR) of 6.3% projected through the forecast period. This growth is driven by the increasing demand for PET in the packaging industry, particularly for beverage bottles, food containers, and other consumer products. The expanding use of PET resin in the production of high-performance fibers and films also contributes to the market’s upward trajectory. In addition, the trend toward sustainable and recyclable materials is enhancing the adoption of PET resin due to its favorable recycling properties and reduced environmental impact compared to other plastics.
Emerging markets present significant opportunities for the PET resin industry. Rapid urbanization, increasing disposable incomes, and expanding manufacturing capabilities in regions such as Asia-Pacific, Latin America, and the Middle East are expected to drive demand. These markets offer high growth potential for PET resin applications, particularly in packaging and textiles, as well as in emerging applications like automotive parts and electronics. The increasing focus on reducing plastic waste and improving recycling infrastructure in these regions further supports market expansion and innovation. However, challenges such as fluctuating raw material prices and regulatory constraints may impact market dynamics.
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Who are the largest Global manufacturers in the PET Resin industry?
- DuPont
- Eastman
- SK Chemicals
- Indorama Ventures
- DAK
- M&G Chemicals
- Far Eastern New Century Corporation
- JBF
- OCTAL
- TEIJIN
- Dhunseri Petrochem & Tea
- Lotte Chemical
- SABIC
- Nan Ya Plastics
- Petroquimica Suape
- KoKsan
- EIPET
- Selenis
- NEO GROUP
- Zhejiang Hengyi
- Sinopec Yizheng Chemical Fibre
- Sanfangxiang Group
- Since CR Chemicals
- Rongsheng petrochemical
- Wankai New Materials
- Far Eastern Industry
- Zhenbang Fibre
- Thai PET Resin Co. Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global PET Resin Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global PET Resin Market
- Packaging
- Electronic & Applicance
- Medical Device
- Construction
- Automotive
What are the types of PET Resin available in the Market?
Based on Types the Market is categorized into Below types that held the largest PET Resin market share In 2023.
- Saturated Polyester
- Unsaturated Polyester
Which regions are leading the Global PET Resin Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global PET Resin Market Research Report, 2024-2032
1. Introduction of the Global PET Resin Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global PET Resin Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global PET Resin Market, By Type
6. Global PET Resin Market, By Application
7. Global PET Resin Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global PET Resin Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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