The combined global PET & PBT resin market size was USD 47.99 billion in 2024, and it is anticipated to be worth USD 64.01 billion by 2029.
In 2024, the PET resin market will account for USD 43.06 billion, while the PBT resin sector will amount to USD 4.93 billion. Furthermore, PET resin will have reached USD 57.64 billion while its counterpart PBT will grow to USD 6.39 billion by 2029, with both recording a CAGR of 6.0% and 5.3%, respectively.
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Indorama Ventures Public Company Limited: Indorama Ventures Public Company Limited is a global leader in the manufacture and recycling of PET resins. The company is operating in three key segments: Combined PET, Integrated Oxides and Derivatives, and Fibers. Combined PET (CPET), the largest and most established of business segment of the company. It is a key pillar of the company's integrated global business model. CPET offers PET resins for bottles, food packaging, and other consumer applications and also provides both virgin and recycled PET to the Fibers segment, supporting the production of premium polyester yarns and fibers. Indorama Ventures has established a very extensive global network with 63 PET manufacturing and recycling facilities in 26 countries across Asia Pacific, North America, Europe, and the Middle East & Africa, ensuring the delivery of high-quality, competitive, and sustainable PET solutions worldwide.
Alpek, S.A.B. de C.V.: Alpek, S.A.B. de C.V. is the second-largest petrochemical company in Latin America and the largest producer of integrated polyester and rPET in the Americas. The company operates in two main business segments: Polyester, Plastics and Chemicals. The remaining operations of the company come under other business segments. It operates polyester business through one of its subsidiaries, Alpek Polyester, S. A. de C. V. This polyester segment includes the production of purified terephthalic acid (PTA), polyethylene terephthalate (PET) reins, recycled PET ((RET), and polyester fibers, serving industries such as food and beverage packaging, textiles, and industrial filaments. Alpek, S.A.B. de C.V. is committed to sustainability, focusing on a circular economy by improving recycling technologies and increasing rPET, production. It has 22 manufacturing plants of the polyester segment, with a production capacity of 7,363 thousand tons per annum and is well spread over North America, South America, Europe, and Middle East & Africa.
Related Reports:
Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market by PET Type, PET Application (Bottles, Films, Food Packaging), PBT Application (Electrical & Electronics, Automotive, Consumer Appliance), Region - Global Forecast to 2029
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