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2014-2019, global PET and PBT resin market will grow at an annual rate of 7.3% strong growth

2014-2019, global PET and PBT resin market will grow at an annual rate of 7.3% strong growth

Date:
2016/05/25 14:49

  According to research and Market Research Report released, 2014-2019 year, the global pet and PBT resin market will grow at an annual rate of 7.3% strong growth to 2019 market value is expected to reach about $47 billion 400 million.

  In the past few years, the global pet resin market has grown sharply, is expected in the next few years this trend will continue to maintain in all areas of application. In contrast, the global PBT resin market growth rate is relatively slow.

  To replace the traditional packaging applications and reduce atmospheric emissions requirements is mainly due to market demand factors to promote the thermal stability, high heat resistance, excellent electrical performance is the main reason for pet PBT resin demand.

  In addition, rising demand for recycled PET and innovative packaging will be the main factors affecting the pet resin market.

  In 2013, the Asia Pacific region is the market consumption the largest pet and PBT resin. China is the largest consumer of PET bottles and PBT electronics. The rise of the middle class, the rapid development of the economy, OEM production and rapid urbanization is the driving factor in the development of the Asia Pacific pet market.

  About 72% PET resin demand from plastic bottles, including mineral water, carbonated drinks, tea beverage bottles, functional beverages, dairy products, energy drinks and other beverages used is expected in the future, lightweight PET bottle trend will continue, because this is a cost saving way.

  On 2013 PBT resin demand, about 43% from the field of electronic appliances, especially switches, connectors, circuit breakers, motor chassis and automotive electronic parts. Automotive fuel efficiency, safety, comfort and other factors to promote the demand for automotive electronic components.

  In terms of strategic action, 2010-2014 Asia Pacific region is the most active market in the next five years will continue to maintain this trend. The car end user industries to promote the rapid growth of PBT market. The 2013 vehicle production reached 81 million.