India PET & PBT Resins Market By PET Resins Application (Bottles, Films, Food Packaging, and Others), By PBT Resins Application (Automotive, Consumer Appliance, Electronical & Electrical and Others), By Region, Competition, Forecast & Opportunities, 2018-2028F
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia PET & PBT Resins Market By PET Resins Application (Bottles, Films, Food Packaging, and Others), By PBT Resins Application (Automotive, Consumer Appliance, Electronical & Electrical and Others), By Region, Competition, Forecast & Opportunities, 2018-2028F
Electronics production across India was estimated to be valued at over USD 65 Billion in financial year 2021.
The demand for PET and PBT resins has grown significantly over the past five years because of rising utilization in various end-user industries, including packaging and bottling, automotive, electrical, and electronics. The replacement of conventional packaging materials like glass, aluminum, paper, and metal, as well as the expansion of the FMCG industry, is driving up demand for PET resin, while factors like thermal stability, high heat resistance, and superior electrical properties are driving up demand for PBT resin. Purified terephthalic acid (PTA) and monoethylene glycol (MEG) are used to make the plastic polymer Polyethylene Terephthalate (PET), whereas 1, 4-butanediol, and PTA are used to make Polybutylene Terephthalate (PBT).
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Increasing Demand for PET-Based Bottles
The increased purchase of disposable objects, especially those created from PET-based resins, has been impelled by the critical concerns for Personal Hygiene.
Rising Demand for Electrical & Electronics Applications in Automotive Industry
Terephthalate is used to make interior and exterior body parts for electric vehicles.
Recent Trends & Developments
The market for polybutylene terephthalate (PBT) and polyethylene terephthalate (PET) resins has undergone a few developments like LNP Elcrin WF006XXPiQ and LNP Elcrin WF0061XPiQ, two new polybutylene terephthalate (PBT) compounds, were launched by SABIC in January 2021.
Market Segmentation
The India PET & PBT Resins Market is segmented based on PET Resins Application, PBT Resins Application, Company, and regional distribution. Based on PET Resins Application, the market can be segmented into Bottles, Films, Food Packaging, and Others. Based on PBT Resins Application, the market can be divided into Automotive, Consumer Appliance, Electronical & Electrical and Others. Regionally, the market can be split into North, South, East, and West.
Market Players
Reliance Industries Limited, JBF Industries Limited, BASF India Limited, SRF Limited, IVL Dhunseri Petrochem Industries Private Limited, Sen Pet (India) Limited, DuPont India Private Limited, Ester Industries Ltd., Mitsubishi Chemical India (MCI), SABIC are some of the key market players.
|
Attribute |
Details |
|
Base
Year |
2022 |
|
Historical
Years |
2018 –
2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue
in USD Million, Volume in Million Tonnes and CAGR for 2018-2022 and 2023-2028 |
|
Report
Coverage |
Revenue
forecast, company share, competitive landscape, growth factors, and trends |
|
Segments
Covered |
PET
Resins Application PBT
Resins Application |
|
Regional
Scope |
North, South,
East and West |
|
Key
Companies Profiled |
Reliance
Industries Limited, JBF Industries Limited, BASF India Limited, SRF Limited,
IVL Dhunseri Petrochem Industries Private Limited, Sen Pet (India) Limited,
DuPont India Private Limited, Ester Industries Ltd., Mitsubishi Chemical
India (MCI), SABIC Innovative Plastics India Pvt. Ltd. |
|
Customization
Scope |
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing
and Purchase Options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request) |
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