India PET & PBT Resins Market - Predicted Growth, Trends, Opportunity & Analysis
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 the 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 mono ethylene glycol (MEG) are used to make the plastic polymer Polyethylene Terephthalate (PET),...