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

  • Industry : Chemicals
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

India PET & PBT Resins Market is expected to witness impressive growth because of the government's various initiatives, such as Make in India, to promote domestic production during the forecast period. 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

PET, also known as polyethylene terephthalate, is now a vital component of India's packaging industry. A significant increase in demand for PET resins in food and beverage packaging grades has been triggered over recent years. The increased purchase of disposable objects, especially those created from PET-based resins, has been impelled by the critical concerns for Personal Hygiene. The Indian pharmaceutical and healthcare industries, which recently experienced rapid growth, can be accounted for as another influential factor driving the market growth. The Indian pharmaceutical market, which is ranked third in terms of volume and thirteenth in terms of value, is vital to the expansion of the PET bottles market, resulting in the rise of the India PET Resins Market during the forecast period.

Rising Demand for Electrical & Electronics Applications in Automotive Industry

Engineering plastics like Polybutylene Terephthalate were subject to import restrictions due to government-led initiatives like "Make in India." The plan calls for inviting foreign firms to do business in India and encouraging them to start new industrial facilities there. The market is anticipated to develop as more Polybutylene Terephthalate is used to make interior and exterior body parts for electric vehicles. As people become more aware of environmental damage, they choose electric cars over fuel-based (diesel, petrol, and CNG) vehicles more significant numbers. The market for polybutylene terephthalate is anticipated to grow steadily because of automotive advances such as electrification, automated driving, and efforts to reduce emissions. Additionally, the production of various electronic sensors for electric vehicles is significantly influenced by hydrolytically resistant PBT.

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 introduced 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)

Report Scope:

In this report, India PET & PBT Resins Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India PET & PBT Resins Market, By PET Resins Application:
    • Bottles
    • Films
    • Food Packaging
    • Others
  • India PET & PBT Resins Market, By PBT Resins Application:
    • Automotive
    • Consumer Appliance
    • Electronical & Electrical
    • Others
  • India PET & PBT Resins Market, By Region:
    • North
    • South
    • East
    • West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India PET & PBT Resins Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    India PET & PBT Resins Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By PET Resins Application (Bottles, Films, Food Packaging, and Others)

5.2.2.    By PBT Resins Application (Automotive, Consumer Appliance, Electronical & Electrical and Others)

5.2.3.    By Region (North, South, East & West)

5.2.4.    By Company (2022)

5.3.  Market Map

5.3.1.    By PET Resins Application

5.3.2.    By PBT Resins Application

5.3.3.    By Region

5.4.  Pricing Analysis

6.    North India PET & PBT Resins Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By PET Resins Application

6.2.2.    By PBT Resins Application

6.3.  Pricing Analysis

7.    South India PET & PBT Resins Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By PET Resins Application

7.2.2.    By PBT Resins Application

7.3.  Pricing Analysis

8.    East India PET & PBT Resins Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By PET Resins Application

8.2.2.    By PBT Resins Application

8.3.  Pricing Analysis

9.    West India PET & PBT Resins Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By PET Resins Application

9.2.2.    By PBT Resins Application

9.3.  Pricing Analysis

10.  Market Dynamics

10.1.             Drivers

10.2.             Challenges

11.  Market Trends & Developments

11.1.             Recent Developments

11.2.             Product Launches

11.3.             Mergers & Acquisitions

12.  India PET & PBT Resins Market: SWOT Analysis

13.  Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Products

14.  Competitive Landscape

14.1.             Business Overview

14.2.             Product Offerings

14.3.             Recent Developments

14.4.             Financials (In Case of Listed Companies)

14.5.             Key Personnel

14.6.             SWOT Analysis

14.6.1. Reliance Industries Limited

14.6.2. JBF Industries Limited

14.6.3. BASF India Limited

14.6.4. SRF Limited

14.6.5. IVL Dhunseri Petrochem Industries Private Limited

14.6.6. Sen Pet (India) Limited

14.6.7. E.I. DuPont India Private Limited

14.6.8. Ester Industries Ltd.

14.6.9. Mitsubishi Chemical India (MCI)

14.6.10.              SABIC Innovative Plastics India Pvt. Ltd.

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Increasing demand for PET based bottles and Rising demand of electrical & Electronics applications in automotive industry are some of the key factors driving the growth of India PET & PBT Resins Market.

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India PET & PBT Resins Market is segmented based on PET Resins Application, PBT Resins Application. Based on PET Resins Application, the market is divided into Bottles, Films, Food Packaging, and Others. Based in PBT Resins Application, the market is segmented into Automotive, Consumer Appliance, Electronical & Electrical and Others.

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The major factor slowing down the growth of India PET & PBT Resins Market includes Higher Cost of Recycled Plastics.

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Saudi Basic Industries Corporation, Arabian Plastic Compounds Co. Ltd., Interplast Co. Ltd., ALRajhi Industrial Group, TIB Plastic Industries, Arabian Gulf Manufacturers Ltd., Saudi Plastic Products Company Ltd. (SAPPCO), Al Watania Plastics, New Product Industries Co. Ltd., and Intergulf Ltd. are some of the major market players operating in India PET & PBT Resins Market.

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