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PET/PBT resin market annual growth rate to rise

The 2013 global PET/PBT resin market value of $31.47 billion. To this kind of resin during 2014-2014 market demand will be 7.3% compound annual growth rate to rise.

Thermoplastic polyester PET/PBT is important. PET plastic bottles, plastic film, wide range of areas such as food packaging applications. And PBT resin main application markets including automotive, electronic appliances, consumer durable goods, etc. In recent years, the trend of the engineering plastics instead of metal materials is increasingly significant. Affected by the market demand for PBT, efforts to increase year by year. In addition, the terminal product market prosperity, the rise of emerging countries, such as promotion of biological base material factors further push up the PBT market movements.

Analysts pointed out that the rapid development of the global PET industry is mainly thanks to the growth of population, the per capita disposable income increased, the developing countries to speed up the urbanization and the progress of science and technology. In terms of geography, the asia-pacific region is an important production of PET/PBT resin and consumer markets. The region controls 38% of the world's market share of PET and PBT, the market share of 53.6%. PBT, because of the automobile and electronic industry is developing rapidly, China has become the biggest PBT, consumer.