Posted：
Source：Automobile Plastic Network

In 2013, the size of global PET/PBT resin market reached US$31.47 billion. It is estimated that the market will rise by 7.3% in Compound Annual Growth Rate (CAGR) during 2014-2019.

PET/PBT is an important thermoplastic polyester. PET is widely used in the field of plastic bottles, plastic films and food packaging. PBT is mainly used in automotive, electronics, appliances and durable consumer goods. Following the trend of engineering plastics replacing metal in recent years, the market demand for PBT is rising year by year. Besides, the rise of other market applications, the economic growth of emerging countries and the promotion of bio-based materials have also driven up the market demand for PBT.

Analysts point out that the rapid development for global PET industry mainly benefits from the rise of population, higher per capita disposable income, increasing urbanization in developing countries and the progress of science and technology. In view of geography distribution, the Asia Pacific region is a key production and consumer market for PET/PBT. This region accounts for 38% of global market of PET and 53.6% of PBT. China is the biggest country of PBT consumption in Asia Pacific, thanks to its rapidly growing automotive and electronics and electrical industries.