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
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).
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.
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:
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
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).
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.
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
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).
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
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
