Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Size Study & Forecast, by PET Type, PET and PBT Applications, and Regional Forecasts 2025–2035

The Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market is valued at approximately USD 39.98 billion in 2024 and is anticipated to expand at a robust CAGR of 7.18% during the forecast period from 2025 to 2035. With industries across the globe shifting toward lightweight, durable, and recyclable materials, PET and PBT resins have increasingly emerged as indispensable in a wide array of industrial and consumer applications. PET resins, especially, are favored for their exceptional barrier properties, clarity, and recyclability, making them a leading choice in beverage bottles, food packaging, and optical films. Meanwhile, PBT resins—renowned for their excellent electrical insulation, heat resistance, and dimensional stability—are extensively adopted in automotive components, electronic connectors, and industrial equipment housings.

What has further propelled market growth is the dramatic surge in sustainability mandates and the rising consumer awareness around eco-friendly packaging materials. In response, industries are pivoting to recycled PET (rPET), driving a significant transformation in production and supply chains. Major manufacturers are integrating advanced recycling technologies to create closed-loop systems, aiming to reduce virgin polymer usage. In parallel, PBT is gaining traction in high-performance sectors where resilience under mechanical stress and harsh thermal conditions is critical. As a result, continuous innovations in copolymerization techniques and flame-retardant grades are unlocking new frontiers for these thermoplastics across diverse end-use verticals.

From a geographical lens, North America holds a commanding position in the PET & PBT resins market, underpinned by robust packaging demand, a mature consumer goods sector, and a thriving electronics industry. The region benefits from well-established recycling infrastructures and favorable regulatory frameworks encouraging the use of sustainable plastics. Europe, too, is demonstrating strong growth, largely driven by stringent circular economy initiatives and heightened investment in green materials. However, the Asia Pacific region is poised to witness the fastest expansion, fueled by population growth, urbanization, and rapidly industrializing economies such as China and India. With their mounting energy demands and booming food & beverage sectors, these countries are significantly bolstering regional demand for PET bottles, films, and molded automotive parts.

Major market player included in this report are:
• BASF SE
• DuPont de Nemours, Inc.
• Chevron Phillips Chemical Company
• Solvay S.A.
• Daikin Industries, Ltd.
• Croda International Plc.
• Halliburton Company
• Schlumberger Limited
• Aubin Group
• Trican Well Service Ltd.
• M&D Industries of Louisiana, Inc.
• Baker Hughes Company
• Impact Fluid Solutions
• 3M Company
• Shandong Huaxia Shenzhou New Material Co., Ltd.

Global Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By PET Type:
• Transparent & Non-Transparent PET
• Recycled PET

By PET Application:
• Bottles
• Films
• Food Packaging

By PBT Application:
• Electrical & Electronics
• Automotive

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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