PET & PBT Resins - Company Evaluation Report, 2024

The PET RESIN MARKET Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for PET RESIN MARKET. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. The publisher's 360 Quadrants evaluated over 100 companies, of which the Top 12 PET RESIN MARKET Companies were categorized and recognized as quadrant leaders.

Polyethylene terephthalate (PET) resin is a thermoplastic polymer formed through the polymerization of ethylene glycol and terephthalic acid. Ethylene glycol is a colorless liquid derived from ethylene, while terephthalic acid is a crystalline solid obtained from xylene. PET resins exhibit excellent thermal stability, low moisture absorption, resistance to creep, and favorable electrical and surface characteristics. Known for its mechanical strength, ductility, stiffness, and hardness, PET offers dimensional stability along with strong gas barrier and chemical resistance properties. Due to these features, PET resin is predominantly used in the production of beverage, food, and other liquid containers. It is also widely applied in food packaging and thermal insulation products such as space blankets.

Polybutylene terephthalate (PBT) is a semi-crystalline thermoplastic polymer synthesized from the polymerization of butylene glycol with either terephthalic acid or dimethyl terephthalate. Compared to PET, PBT has slightly lower strength and rigidity, as well as a lower glass transition temperature. Both PET and PBT are susceptible to degradation in hot water exceeding 60°C (140°F).

PBT, however, is mechanically robust, heat resistant up to 150°C (302°F), resistant to solvents, and exhibits minimal shrinkage during molding. It can also be modified with flame retardants to become noncombustible. PBT resin is used in the production of automotive components, computer keyboards, fluid handling systems, electrical connectors, consumer appliances, and industrial controls. Additionally, PBT finds applications in medical devices and industrial components such as fluorescent lamp bases, streetlamp reflectors, pump housings and impellers, filter media, monofilaments, and various packaging materials.

The 360 Quadrant maps the PET RESIN MARKET companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the PET RESIN MARKET quadrant. The top criteria for product footprint evaluation included By TYPE (Transparent & Non-Transparent Pet, Recycled Pet, Bottles, Films, Food Packaging, Other PET Resin Applications, Electrical & Electronics, Automotive, Consumer Appliances, Other PBT Resin Applications).

Key players

Key players in the PET RESIN MARKET include major global corporations and specialized innovators such as BASF, Albemarle Corporation, Honeywell International Inc., Clariant, Arkema, W. R. Grace & Co.-Conn., Huiying Chemical Industry (Xiamen) Co., Ltd., Tosoh Corporation, Resonac Universal Corporation, Zeochem, KNT Group, Nalco India, CWK Chemiewerk Bad Köstritz GmbH, Ecovyst Inc., and Antenchem. These companies are actively investing in research and development, forming strategic partnerships, and engaging in collaborative initiatives to drive innovation, expand their global footprint, and maintain a competitive edge in this rapidly evolving market.

Top 3 Companies

Indorama Ventures Public Company Limited

As a global leader in PET resin manufacturing and recycling, Indorama Ventures plays a critical role in the market. Operating through segments like Combined PET, the company emphasizes eco-friendly practices with a significant global footprint across 26 countries. Indorama Ventures achieves substantial market share through strategic initiatives and its expansive product portfolio, reinforcing its commitment to sustainable manufacturing and recycling practices.

Mitsubishi Chemical Group Corporation

A subsidiary of Mitsubishi Chemical Holdings, Mitsubishi Chemical Group Corporation is prominent in Specialty Materials. With a global presence supported by 44 plants, their focus on product innovation in PBT and PET resins positions them as a leader. They leverage strong R&D capabilities to meet diverse industry requirements, thus fortifying their company positioning in the market.

SABIC

Founded in 1976, SABIC distinguishes itself with a robust product portfolio across petrochemicals and industrial polymers. Their focus on high-performance PET & PBT resins for applications in medical and electronics sectors, and their strong emphasis on sustainability initiatives, sets them apart. SABIC's innovative strategies have earned it a competitive market share and a leading position in product technology.

1 Introduction

1.1 Market Definition
1.2 Inclusions and Exclusions
1.3 Stakeholders

2 Executive Summary

3 Market Overview

3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Highly Recyclable Pet Plastic Resin
3.2.1.2 Increase in Demand for Pet in Packaging Sector
3.2.1.3 Technological Advancements in Pet Packaging Sector
3.2.1.4 Laws and Regulations Enforced by Governments
3.2.1.5 Burgeoning Demand for Pbt in Electrical & Electronics Industry
3.2.1.6 Increasing Demand for Lightweight Vehicles
3.2.2 Restraints
3.2.2.1 Fluctuations in Raw Material Prices
3.2.2.2 Absence of Required Framework for Plastic Wast1 Collection and Segregation
3.2.2.3 Limited Numbers of Treatment Plants and Lack of Expertise in Recycling Pet Waste
3.2.3 Opportunities
3.2.3.1 Increasing Demand for Sustainable Packaging Solutions
3.2.3.2 Expansion to Emerging Markets
3.2.4 Challenges
3.2.4.1 High Costs of Recycled Plastics
3.2.4.2 Existence of Alternate Products with Identical Properties
3.3 Porter's Five Forces Analysis
3.3.1 Threat of New Entrants
3.3.2 Threat of Substitutes
3.3.3 Bargaining Power of Suppliers
3.3.4 Bargaining Power of Buyers
3.3.5 Intensity of Competitive Rivalry

4 Industry Trends

4.1 Supply Chain Analysis
4.1.1 Raw Materials
4.1.2 Manufacturing
4.1.3 Distribution Network
4.1.4 End-Use Industries
4.2 Trends and Disruptions Impacting Customer Business
4.3 Ecosystem Analysis
4.4 Technology Analysis
4.4.1 Key Technologies
4.4.1.1 Recycling Technology
4.4.2 Complementary Technologies
4.4.2.1 Compounding and Reinforcement Technologies
4.5 Key Conferences and Events, 2025
4.6 Patent Analysis
4.6.1 Methodology
4.6.2 Document Types
4.6.3 Top Applicants
4.6.4 Jurisdiction Analysis
4.7 Impact of Ai/Gen Ai on Pet & Pbt Resin Market

5 Competitive Landscape

5.1 Introduction
5.2 Key Player Strategies/Right to Win
5.2.1 Strategies Adopted by Key Pet & Pbt Resin Manufacturers,
January 2019-January 2025
5.3 Market Share Analysis, 2023
5.3.1 Pet Resin Market
5.3.2 Pbt Resin Market
5.4 Revenue Analysis of Top Five Players, 2019-2023
5.5 Company Evaluation Matrix: Key Players, 2023
5.5.1 Stars
5.5.2 Emerging Leaders
5.5.3 Pervasive Players
5.5.4 Participants
5.5.5 Company Footprint: Key Players, 2023
5.5.5.1 Company Footprint
5.5.5.2 Region Footprint
5.5.5.3 Type Footprint
5.5.5.4 Application Footprint
5.6 Company Evaluation Matrix: Startups/Smes, 2023
5.6.1 Progressive Companies
5.6.2 Responsive Companies
5.6.3 Dynamic Companies
5.6.4 Starting Blocks
5.6.5 Competitive Benchmarking: Startups/Smes, 2023
5.6.5.1 Detailed List of Key Startups/Smes
5.6.5.2 Competitive Benchmarking of Key Startups/Smes
5.7 Brand/Product Comparison
5.8 Company Valuation and Financial Metrics
5.9 Competitive Scenario
5.9.1 Product Launches
5.9.2 Deals
5.9.3 Expansions

6 Company Profiles

6.1 Major Players
6.1.1 Indorama Ventures Public Company Limited
6.1.1.1 Business Overview
6.1.1.2 Products/Solutions/Services Offered
6.1.1.3 Recent Developments
6.1.1.3.1 Deals
6.1.1.3.2 Expansions
6.1.1.4 Analyst's View
6.1.1.4.1 Right to Win
6.1.1.4.2 Strategic Choices
6.1.1.4.3 Weaknesses and Competitive Threats
6.1.2 Alpek S.A.B. De C.V.
6.1.2.1 Business Overview
6.1.2.2 Products/Solutions/Services Offered
6.1.2.3 Recent Developments
6.1.2.3.1 Product Launches
6.1.2.3.2 Deals
6.1.2.4 Analyst's View
6.1.2.4.1 Right to Win
6.1.2.4.2 Strategic Choices
6.1.2.4.3 Weaknesses and Competitive Threats
6.1.3 Sabic
6.1.3.1 Business Overview
6.1.3.2 Products/Solutions/Services Offered
6.1.3.3 Recent Developments
6.1.3.3.1 Product Launches
6.1.3.4 Analyst's View
6.1.3.4.1 Right to Win
6.1.3.4.2 Strategic Choices
6.1.3.4.3 Weaknesses and Competitive Threats
6.1.4 Basf Se
6.1.4.1 Business Overview
6.1.4.2 Products/Solutions/Services Offered
6.1.4.3 Recent Developments
6.1.4.3.1 Expansions
6.1.4.4 Analyst's View
6.1.4.4.1 Right to Win
6.1.4.4.2 Strategic Choices
6.1.4.4.3 Weaknesses and Competitive Threats
6.1.5 Lotte Chemical Corporation
6.1.5.1 Business Overview
6.1.5.2 Products/Solutions/Services Offered
6.1.5.3 Recent Developments
6.1.5.3.1 Expansions
6.1.5.4 Analyst's View
6.1.5.4.1 Right to Win
6.1.5.4.2 Strategic Choices
6.1.5.4.3 Weaknesses and Competitive Threats
6.1.6 Mitsubishi Chemical Group Corporation
6.1.6.1 Business Overview
6.1.6.2 Products/Solutions/Services Offered
6.1.6.3 Recent Developments
6.1.6.3.1 Product Launches
6.1.7 Jiangsu Sanfangxiang Group Co., Ltd.
6.1.7.1 Business Overview
6.1.7.2 Products/Solutions/Services Offered
6.1.8 Far Eastern New Century Corporation
6.1.8.1 Business Overview
6.1.8.2 Products/Solutions/Services Offered
6.1.8.3 Recent Developments
6.1.8.3.1 Deals
6.1.8.3.2 Expansions
6.1.9 Nan Ya Plastics Corporation
6.1.9.1 Business Overview
6.1.9.2 Products/Solutions/Services Offered
6.1.10 Reliance Industries Limited
6.1.10.1 Business Overview
6.1.10.2 Products/Solutions/Services Offered
6.1.10.3 Recent Developments
6.1.10.3.1 Expansions
6.2 Other Players
6.2.1 Dupont De Nemours, Inc.
6.2.2 Toray Industries, Inc.
6.2.3 Lanxess
6.2.4 Celanese Corporation
6.2.5 Chang Chun Group
6.2.6 Jbf Industries Limited
6.2.7 Evonik Industries Ag
6.2.8 Sumilon Group
6.2.9 Mitsui Chemicals, Inc.
6.2.10 Sk Chemicals
6.2.11 Iwatani Corporation
6.2.12 Kolon Industries, Inc.
6.2.13 Hitemp Polymers Pvt. Ltd.
6.2.14 Grupa Azoty S.A.
6.2.15 Plastipak Holdings, Inc.

7 Appendix

7.1 Research Methodology
7.1.1 Research Design
7.1.1.1 Secondary Data
7.1.1.2 Primary Data
7.1.2 Assumptions
7.1.3 Limitations
7.1.4 Risk Assessment
7.2 Company Evaluation Matrix: Methodology

List of Tables

Table 1 Pet Resin Market: Definition and Inclusions, by Type
Table 2 Pet Resin Market: Definition and Inclusions, by Application
Table 3 Pbt Resin Market: Definition and Inclusions, by Application
Table 4 Pet & Pbt Resin Market: Porter's Five Forces Analysis
Table 5 Pet & Pbt Resin Market: Role in Ecosystem
Table 6 Pet & Pbt Resin Market: Key Conferences and Events, 2025
Table 7 Patent Count: Pet & Pbt Resin Market
Table 8 List of Major Patents Related to Pet & Pbt Resin Market, 2013-2023
Table 9 Patents by Basf Se
Table 10 Patents by Lotte Chemical Corporation
Table 11 Pet Resin Market: Degree of Competition
Table 12 Pbt Resin Market: Degree of Competition
Table 13 Pet & Pbt Resin Market: Region Footprint
Table 14 Pet & Pbt Resin Market: Pet Resin Type Footprint
Table 15 Pet & Pbt Resin Market: Pet Resin Application Footprint
Table 16 Pet & Pbt Resin Market: Pbt Resin Application Footprint
Table 17 Pet & Pbt Resin Market: Detailed List of Key Startups/Smes
Table 18 Pet & Pbt Resin Market: Competitive Benchmarking of Key Startups/Smes
Table 19 Pet & Pbt Resin Market: Product Launches, January 2019-January 2025
Table 20 Pet & Pbt Resin Market: Deals, January 2019-January 2025
Table 21 Pet & Pbt Resin Market: Expansions, January 2019-January 2025
Table 22 Indorama Ventures Public Company Limited: Company Overview
Table 23 Indorama Ventures Public Company Limited: Products/Solutions/Services Offered
Table 24 Indorama Ventures Public Company Limited: Deals, January 2019-January 2025
Table 25 Indorama Ventures Public Company Limited: Expansions, January 2019-January 2025
Table 26 Alpek S.A.B. De C.V.: Company Overview
Table 27 Alpek S.A.B. De C.V.: Products/Solutions/Services Offered
Table 28 Alpek S.A.B. De C.V.: Product Launches, January 2019-January 2025
Table 29 Alpek S.A.B. De C.V.: Deals, January 2019-January 2025
Table 30 Sabic: Company Overview
Table 31 Sabic: Products/Solutions/Services Offered
Table 32 Sabic: Product Launches, January 2019-January 2025
Table 33 Basf Se: Company Overview
Table 34 Basf Se: Products/Solutions/Services Offered
Table 35 Basf Se: Expansions, January 2019-January 2025
Table 36 Lotte Chemical Corporation: Company Overview
Table 37 Lotte Chemical Corporation: Products/Solutions/Services Offered
Table 38 Lotte Chemical Corporation: Expansions, January 2019-January 2025
Table 39 Mitsubishi Chemical Group Corporation: Company Overview
Table 40 Mitsubishi Chemical Group Corporation: Products/Solutions/Services Offered
Table 41 Mitsubishi Chemical Group Corporation: Product Launches, January 2019-January 2025
Table 42 Jiangsu Sanfangxiang Group Co., Ltd.: Company Overview
Table 43 Jiangsu Sanfangxiang Group Co., Ltd.: Products/Solutions/Services Offered
Table 44 Far Eastern New Century Corporation: Company Overview
Table 45 Far Eastern New Century Corporation: Products/Solutions/Services Offered
Table 46 Far Eastern New Century Corporation: Deals, January 2019-January 2025
Table 47 Far Eastern New Century Corporation: Expansions, January 2019-January 2025
Table 48 Nan Ya Plastics Corporation: Company Overview
Table 49 Nan Ya Plastics Corporation: Products/Solutions/Services Offered
Table 50 Reliance Industries Limited: Company Overview
Table 51 Reliance Industries Limited: Products/Solutions/Services Offered
Table 52 Reliance Industries Limited: Expansions, January 2019-January 2025
Table 53 Dupont De Nemours, Inc.: Company Overview
Table 54 Toray Industries, Inc.: Company Overview
Table 55 Lanxess: Company Overview
Table 56 Celanese Corporation: Company Overview
Table 57 Chang Chun Group: Company Overview
Table 58 Jbf Industries Limited: Company Overview
Table 59 Evonik Industries Ag: Company Overview
Table 60 Sumilon Group: Company Overview
Table 61 Mitsui Chemicals, Inc.: Company Overview
Table 62 Sk Chemicals: Company Overview
Table 63 Iwatani Corporation: Company Overview
Table 64 Kolon Industries, Inc.: Company Overview
Table 65 Hitemp Polymers Pvt. Ltd.: Company Overview
Table 66 Grupa Azoty S.A.: Company Overview
Table 67 Plastipak Holdings, Inc.: Company Overview

List of Figures

Figure 1 Transparent & Non-Transparent Pet Segment to Dominate Pet Resin Market During Forecast Period
Figure 2 Bottles Application to Dominate Pet Resin Market During Forecast Period
Figure 3 Electrical & Electronics Application to Dominate Pbt Resin Market During Forecast Period
Figure 4 Asia-Pacific Was Largest Pet Resin Market in 2023
Figure 5 Asia-Pacific Was Largest Pbt Resin Market in 2023
Figure 6 Drivers, Restraints, Opportunities, and Challenges in Pet & Pbt Resin Market
Figure 7 Pet & Pbt Resin Market: Porter's Five Forces Analysis
Figure 8 Pet & Pbt Resin Market: Supply Chain Analysis
Figure 9 Average Selling Price of Pbt Resins for Top Three Applications, by Key Player, 2023 (Usd/Kg)
Figure 10 Revenue Shift for Pet & Pbt Resin Market
Figure 11 Pet & Pbt Resin Market: Ecosystem Map
Figure 12 Patents Registered in Pet & Pbt Resin Market, 2013-2023
Figure 13 Trend in Granted Patents, 2013-2023
Figure 14 Major Patents in Pet & Pbt Resin Market, 2013-2023
Figure 15 Legal Status of Patents Filed for Pet & Pbt Resins
Figure 16 Maximum Patents Filed in Us Jurisdiction, 2013-2023
Figure 17 Impact of Ai/Gen Ai on Pet & Pbt Resin Market
Figure 18 Market Share Analysis of Top Five Pet Resin Players, 2023
Figure 19 Market Share Analysis of Top Five Pbt Resin Players, 2023
Figure 20 Revenue Analysis of Key Pet Resin Companies, 2019-2023
Figure 21 Revenue Analysis of Key Pbt Resin Companies, 2019-2023
Figure 22 Company Evaluation Matrix: Key Players, 2023
Figure 23 Pet & Pbt Resin Market: Company Footprint
Figure 24 Company Evaluation Matrix: Startups/Smes, 2023
Figure 25 Brand/Product Comparison
Figure 26 Pet & Pbt Resin Market: Ev/Ebitda of Key Manufacturers
Figure 27 Pet & Pbt Resin Market: Enterprise Valuation (Ev) of Key Players
Figure 28 Indorama Ventures Public Company Limited: Company Snapshot
Figure 29 Alpek S.A.B. De C.V.: Company Snapshot
Figure 30 Sabic: Company Snapshot
Figure 31 Basf Se: Company Snapshot
Figure 32 Lotte Chemical Corporation: Company Snapshot
Figure 33 Mitsubishi Chemical Group Corporation: Company Snapshot
Figure 34 Far Eastern New Century Corporation: Company Snapshot
Figure 35 Nan Ya Plastics Corporation: Company Snapshot
Figure 36 Reliance Industries Limited: Company Snapshot
Figure 37 Pet & Pbt Resin Market: Research Design

Companies Mentioned

Indorama Ventures Public Company Limited
Alpek S.A.B. De C.V.
Sabic
Basf Se
Lotte Chemical Corporation
Mitsubishi Chemical Group Corporation
Jiangsu Sanfangxiang Group Co., Ltd.
Far Eastern New Century Corporation
Nan Ya Plastics Corporation
Reliance Industries Limited
Dupont De Nemours, Inc.
Toray Industries, Inc.
Lanxess
Celanese Corporation
Chang Chun Group
Jbf Industries Limited
Evonik Industries Ag
Sumilon Group
Mitsui Chemicals, Inc.
Sk Chemicals
Iwatani Corporation
Kolon Industries, Inc.
Hitemp Polymers Pvt. Ltd.
Grupa Azoty S.A.
Plastipak Holdings, Inc.

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Key players

Top 3 Companies

Indorama Ventures Public Company Limited

Mitsubishi Chemical Group Corporation

SABIC

Table of Contents

Companies Mentioned

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